This move comes in response to the Indian government’s reduction in subsidies for electric vehicles (EVs).
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VinFast had announced its plan to enter various international markets, including India, without specifying a timeline or further details.
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INDUSTRY NEWSLatest News
UAW and automakers try to reach deal before strike widens
by Biplab Dasby Biplab DasAnalysts and industry experts are closely monitoring the situation, anticipating the union may expand the strike to additional plants to intensify pressure on the automakers.
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The deal entails the procurement of 38 cutting-edge battery electric heavy commercial vehicles, valued at a substantial EUR 16 million.
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Latest NewsMOTORSPORT
Goodwood Motor Circuit Celebrates 75 Years of Motorsport Excellence
by Biplab Dasby Biplab DasSince its inception in 1948, the circuit has been a crucible of historic and modern racing, shaping the landscape of British motorsport.
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These startups are capitalizing on retailers’ need to meet environmental, social, and corporate governance (ESG) and emission-reduction targets.
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The massive 2 million square feet facility, upon completion, will become the largest gigafactory for producing LFP battery cells in the United States.
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The Audi Q5 limited edition is equipped with a robust 2.0L 45 TFSI engine capable of producing 265 hp of power and 370 Nm of …
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INDUSTRY NEWSLatest News
Turkish President Asks Elon Musk to Consider Building Tesla Factory in Turkey
Elon Musk reportedly acknowledged Turkey’s significance as a potential candidate for Tesla’s next manufacturing facility.
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This strategic move aims to supply engines and other essential components for local motorcycle production.