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Elon Musk’s Trial Over His ‘Funding Secured’ Tweets About Tesla in 2018 Set to Begin: All You Need to Know

While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn’t. Long before Musk purchased Twitter for $44 billion (roughly Rs. 3,37,465 crore) in October, he had set his sights on Tesla, the electric automaker where he continues to

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Mahindra XUV400 Electric SUV Launched, Firm Says it Plans to Deliver 20,000 Units Within First Year

Mahindra & Mahindra Limited on Monday said it aims to deliver 20,000 units of its electric SUV XUV400, which has been launched at an introductory price starting at Rs. 15.99 lakh, in the first year of hitting the market. M&M, which had unveiled the XUV400 in September last year, said the vehicle would be launched

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Assam Likely to Be First State to Achieve 100 Percent Electric Three-Wheeler Sales by 2025, US Study Shows

Assam is likely to achieve 100 percent electric three-wheeler sales by 2025, making it the first Indian state to reach the milestone, according to a study carried out by a top US university. As of fiscal 2023 — April 2022 – January 2023 — Assam has achieved about 85 percent of new electric three-wheeler sales,

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Rapido Moves Supreme Court Against Bombay HC Order to Stop Operations in Maharashtra

The Supreme Court on Tuesday agreed to hear on January 23 plea of Rapido, the bike taxi and auto aggregator, challenging the Bombay High Court order which directed it to stop operation in Maharashtra immediately as it does not have a license to operate bike taxi or rickshaw services. A bench headed by Chief Justice

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Davos 2023: Gogoro, Belrise Ink Deal With Maharashtra Government to Set Up Battery Swapping Infrastructure

Taiwanese electric mobility solutions provider Gogoro on Tuesday said it along with Belrise Industries has inked a pact with the Maharashtra government to set up battery-swapping infrastructure in the state. Gogoro and Belrise have inked a non-binding memorandum of understanding (MoU) with the Maharashtra government in this regard on the sidelines of the World Economic

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GoMechanic to Lay Off 70 Percent Employees After Co-Founder Admits to Financial Misreporting

Automobile after-sales service startup GoMechanic co-founder Amit Bhasin on Wednesday admitted to errors in financial reporting, following which a forensic audit has been ordered and a business restructuring undertaken which will see 70 per cent of the 1,000-odd workforce being laid off. Nearly two years after it raised a mammoth $42 million (roughly Rs. 340

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Tesla Shareholder Trial: US Jury Told That Elon Musk’s ‘Lies’ Cost Tesla Investors Millions

A lawyer for angry Tesla investors told a California courtroom on Wednesday that CEO Elon Musk “lied” about having funding in place to take the company private, costing his clients millions of dollars. More than four years after Musk fired off tweets saying he had funding secured to buy the electric car maker at $420

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Auto Expo 2023 Saw Record Turnout of 6.36 Lakh Visitors, Five Global Launches, SIAM Says

India’s flagship motor show Auto Expo 2023 has concluded with a record turnout of over 6.36 lakh visitors, Society of Indian Automobile Manufacturers said on Wednesday.The biennial auto show, originally scheduled to be held in 2022 was postponed to this year due to COVID-19 and it witnessed five global launches, and launching and unveiling of

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