Bullish on the future of green mobility, Ashok Leyland has lined up a Rs 500 crore investment to develop powertrains based on alternative fuels like CNG, hydrogen and electric for its commercial vehicles range.
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The Seoul-based automaker plans to introduce more than 31 electric models through 2030 to secure a projected 12 per cent of the global electric vehicle market.
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The 109 year-old firm, also known as the preferred ride of fictional secret agent James Bond, posted a pre-tax loss of 285.4 million pounds ($347.99 million) for the six months ended June 30, compared with a loss of 90.7 million pounds a year earlier.
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Toyota said its overseas production hit record levels for both June as well as the first six months of the calendar year, with 587,005 units and more than 3 million units, respectively.
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Rival Volkswagen confirmed its full-year outlook but warned the war in Ukraine and threats to European energy supply loomed over the second half.
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Lamborghini’s super SUV raced to cross the 100th unit milestone in India last year and followed by the arrival of the Urus Pearl Capsule as well as the Urus Graphite Capsule.
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The transition to an electric mobility future does not need to wait for complete power sector decarbonisation because the benefits of a concurrently decarbonising grid can be realised gradually.
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Considering the safety concerns of driving an EV, adopting various failsafe measures shall reduce the possibility of EV fires.
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With a global sales target of 150,000 vehicles in 2023, the new vehicle model also plans to enter Australia, New Zealand, the Middle East, Mexico, and South America next year.
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The cancellation came after eight plant workers caught the virus, it said. Toyota suspended night shift production of the line on Tuesday.
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