Tesla is expected to unveil its plans for establishing a manufacturing facility in India during the Vibrant Gujarat Summit in January. The announcement, set to be made in the presence of CEO Elon Musk, aligns with Tesla's strategy of focusing on export-oriented operations. The choice of Gujarat is seen as a strategic fit, allowing the electric vehicle giant to meet both domestic and international demand. This information was reported on Thursday by the Ahmedabad Mirror. For years, Gujarat has been a strategic location for the business environment. The state is already home to manufacturing units of automakers like Maruti Suzuki, etc. Earlier, Gujarat, Maharashtra and Tamil Nadu were being considered by the company given the well-established ecosystems for electric vehicles...

With the release of its much awaited SU7 sedan on December 28, 2023, Chinese internet giant Xiaomi made history by formally entering the electric vehicle (EV) market. The SU7, which stands for "Speed Ultra," is expected to launch in 2025 and represent Xiaomi's bold entry into the cutthroat EV market. The SU7 seeks to revolutionise the automotive scene with its promise of cutting-edge technology and integration with Xiaomi's extensive ecosystem. Xiaomi's Electric Odyssey: A Prospective Vision When Xiaomi originally announced its entry into the electric car business in 2021, it was in line with the growing trend of large Chinese tech giants shifting their focus to the EV industry. Lei Jun, the CEO of the firm, hopes that Xiaomi will rank...

Hyundai India has appointed Deepika Padukone as its latest brand ambassador. The second-largest car manufacturer in the country is strategically utilizing the star's influence to uphold its status as a leading automaker. This move signals a potential evolution in Hyundai's marketing strategy in India, with Deepika Padukone stepping into the spotlight. Celebrity endorsements of this magnitude often inspire fans to align with the endorsed brands, influencing potential car purchases. With this new face representing the brand, the future holds intrigue for how Hyundai's fortunes in the Indian market may transform. https://www.instagram.com/p/C1bRGAtLgix/?utm_source=ig_web_copy_link&igsh=N2ViNmM2MDRjNw== In the Fast Lane: Hyundai Creta Teams Up with Deepika Padukone for a Stylish Ride Deepika Padukone also commented, “I am absolutely delighted to join forces with Hyundai, an iconic name...

IIT

Ola Electric has made history in the Indian automobile industry by bringing attention to itself with a ground-breaking move: the company filed its draft red herring prospectus (DRHP) for an IPO. In order to fund revolutionary projects in the field of electric mobility, Bhavish Aggarwal launched the massive electric vehicle company with a goal of raising an incredible Rs 5,500 crore. Now let's explore the specifics of this noteworthy move. Ola Electric's IPO Ascent Ola Electric's initial public offering (IPO) will use a dual offering method, with a new share issue and a selling offer. With a valuation of Rs 5,500 crore, the new issue component seeks to further Ola Electric's expansion in several key areas, including as debt repayment, capital...

A significant development in the history of the electric vehicle (EV) sector is about to occur when Chinese automaker BYD overtakes Tesla as the leading producer of EVs worldwide. This change undermines the long-standing dominance of well-known brands like Toyota, Volkswagen, and General Motors in the automotive industry and highlights China's growing importance in the sector. The Ascent of BYD: A Cunning Behemoth Unveiled BYD, frequently referred to as the largest automaker you've never heard of, is about to surpass Tesla in global sales of entirely electric vehicles, a symbolic victory. With an emphasis on innovation and adaptability above legacy, BYD and other Chinese manufacturers, like SAIC Motor Corp., are leading the industry in a new direction. Tesla vs. BYD: A...

In a surprising turn of events, the versatile actor Prithviraj has left fans buzzing with excitement as he was recently spotted cruising around in the lap of luxury in a V12-engined BMW 7-Series sedan. The Saalar actor has always been known for his refined taste, and his choice of wheels is no exception. Let's delve into the details of Prithviraj's latest acquisition and explore the opulence that the BMW 7-Series brings to the table. Prithviraj: A Glimpse into the Star's Lifestyle Prithviraj, a name synonymous with talent and charisma in the film industry, has been a trendsetter both on and off the screen. Known for his versatile roles and impeccable performances, the actor has also been making headlines for his lifestyle...

Suniel Shetty, fondly known as "Anna," has recently welcomed a brand new MG Comet EV, making him one of Bollywood's most respected actors. MG Comet EV is presently the most budget-friendly electric four-wheeler in India, with a starting price of Rs 7.98 lakh. MG Motor India shared the picture of Sunil Shetty's new Comet on Instagram. https://www.instagram.com/p/C1OmicmilXZ/?utm_source=ig_web_copy_link&igsh=N2ViNmM2MDRjNw== Story of the charming actor “Suniel Shetty” Indian actor, producer, TV personality, and businessman Suniel Shetty was born on August 11, 1961, and is well-known for his explosive roles in Bollywood. After making his feature film debut in 1992 with “Balwaan,” he quickly rose to prominence as an action hero, appearing in more than 100 different genre-spanning films. In the course of his nearly three-decade...