Bajaj Auto announces financial relief for employees' families in the event of their demise, as well as provide dependant chidren's education till graduation.
Fiat Chrysler Automobiles (FCA), the owner of the Jeep brand, which now comes under the newly formed company Stellantis, has moved the Federal Court of Australia against India's Mahindra & Mahindra, over the new Thar.
In case of an unforeseen eventuality, TVS will step in to ensure that the bereaved family is provided compensation as ex-gratia to the legal heir of the deceased employee.
The government has approved the Production Linked Incentive (PLI) scheme for manufacturing advanced chemistry cell (ACC) battery at an estimated outlay of Rs 18,100 crore. The objective not only promotes the Make in India initiative but also is an attempt to bring down the price of the battery pack which is used in cars, thereby helping carmakers make electric vehicles more localised and therefore affordable.
Tesla Inc's top boss Elon Musk said in a series of tweets on Wednesday that the company expects to release a significantly improved version of its full self-driving technology within the next two to three weeks.
In light of the second wave of COVID-19 pandemic Royal Enfield announced that it will temporarily halt its manufacturing operations at its Chennai plants.
A global crisis in microchip supply was hitting the automotive industry "hard and strong," Stellantis CEO said on Wednesday, and carmakers would have to completely rethink semiconductor supply chains.
