Kia, South Korea's second-biggest carmaker, on Monday launched an all-electric EV6 sedan in the domestic market ahead of its overseas launches later this year.
The EV6 is Kia's first model embedded with Hyundai Motor Group's own EV-only electric-global modular platform (E-GMP).
Kia has received over 30,000 preorders for the EV6 in the domestic market, and a combined 8,800 preorders in Europe and the United States, the company said.
The maker of the K5 sedan and the Sorento SUV aim to sell 13,000 units of the zero-emission model on its home turf and 17,000 units in overseas markets this year, reports Yonhap news agency.
The EV6 is priced at 47 million won-57 million won ($40,800-$49,500) in Korea. With government subsidies, it can be purchased for under 40 million won.
The model is available with two kinds of battery packs -- a standard 58-kilowatt-hour (kWh) battery pack and a long-range 77.4-kWh one. The 58-kWh and 77.4-kWh models can travel up to 370 kms and 475 km, respectively, on a single charge.
In April, Kia's bigger affiliate Hyundai Motor Co. launched the IONIQ 5 all-electric model equipped with the E-GMP platform.
Hyundai plans to introduce the IONIQ 6 next year and the IONIQ 7 large SUV in 2024. It will begin using alphanumeric names like its bigger rivals, such as BMW, whose models are named Series No 1-8.
Elon Musk-owned Tesla's Model S Plaid caught fire, this week, in Haverford, Pennsylvania, while the owner was at the wheel, the media reported.
The car owner's attorneys told CNBC that he noticed smoke coming from the back of his 2021 Model S Plaid and tried to unlock and open the doors but had to force his way out of the vehicle, as the locks seemed to malfunction.
After he left the car, it began to move on its own and flames engulfed it.
Tesla began deliveries of the Model S Plaid, a new high-performance version of its flagship electric sedan, in June, after the CEO had said on the Joe Rogan Experience podcast that they would begin in February.
Musk explained in April that development involved "more challenges than expected" and added, "it took quite a bit of development to ensure that the battery of the new S and X is safe."
Two crews of firefighters worked on the scene for just over three hours dealing with the emergency, Charles McGarvey, chief fire officer for the Lower Merion Township Fire Department told the publication.
As NBC News recently reported, electric vehicle battery fires can take upwards of 25,000 gallons of water to be fully extinguished.
By comparison, a typical car fire involving an internal combustion engine can be put out with around 300 gallons of water, the report said.
Recently, a Tesla car reportedly crashed and caught on fire, which led to the death of one passenger in China.
A video revealed a Tesla car being involved in a serious car accident, which has raised more concerns over the quality control issues of the US carmaker.
The video depicts the vehicle crashing and then catching on fire and even led to the death of a person.
According to a report, the electric car from the US automobile maker was seen trying to overtake a moving car from behind, after which, the car hit a concrete bridge on the side of the road.
In relief to transport sector, OMCs raised petrol prices as global cues pushed fuel prices up across the country on Friday adding to common man's misery, even as he already grapples with high food prices amid shrinking income.
But this time round, the oil companies have only increased the pump price of petrol while keeping diesel rates unchanged to limit the cascading effect of high transport fuel on prices of various other commodities.
Accordingly, the retail price of petrol increased by 35 paise per litre in the national capital on Friday to Rs 99.16 while diesel prices maintained previous days price line of Rs 89.18 a litre.
With the rise, petrol prices have reached very close to hitting the century mark all across the country extending the scope of historic high prices that had already made the fuel rate cross the Rs 100 per litre mark in certain cities and towns of Maharashtra, Madhya Pradesh, Rajasthan, Telangana, Andhra Pradesh.
The latest price rise has also brought Chennai in the list of metro cities hitting the century mark with petrol. The fuel is now priced at Rs 100.13 a litre in the city. Mumbai is the other metro city where petrol prices have crossed the century mark and reached Rs 105.24 a litre.
The price of petrol is very close to hitting century even in Delhi and Kolkata.
Across the country as well petrol prices increased on Friday but its retail prices varied depending on the level of local taxes in different states.
Sri Ganganagar in Rajasthan has highest level of fuel prices in the country. Petrol is priced there at Rs 110.40 a litre while diesel is at Rs 102.42 a litre on Friday.
With the day's price hike, fuel prices have now increased on 33 days and remained unchanged on 30 days since May 1. The 33 increases has taken up petrol prices by Rs 8.77 per litre in Delhi. Similarly, diesel have increased by Rs 8.45 per litre in the national capital.
With global crude prices also rising on a pick up demand and depleting inventories of worlds largest fuel guzzler -- the US, retail prices of fuel in India is expected to firm up further in coming days.
The benchmark Brent crude reached multi-year high level of over $76 on the Intercontinental Exchange.
Global cues pushed fuel prices to increase again across the country on Saturday, adding more misery for the common man already grappling with rising food prices amidst shrinking income.
The retail prices of both petrol and diesel rose by a sharp 35 paise per litre on Saturday to touch new high of Rs 98.11 and Rs 88.65 per litre respectively in Delhi.
With the rise, petrol price has reached very close to hitting the century mark all across the country extending the scope of historic high prices that had already made the fuel rate cross the Rs 100 per litre mark in certain cities and towns of Maharashtra, Madhya Pradesh, Rajasthan, Telangana, Andhra Pradesh.
In the city of Mumbai, where petrol prices crossed Rs 100 mark for the first time on May 29, the fuel price reached new high of Rs 104.24 per litre on Saturday. Diesel price also increased in the city to reach Rs 96.13 a litre, the highest among metros.
Across the country as well petrol and diesel prices increased on Saturday but its retail prices varied depending on the level of local taxes in different states.
Petrol prices in three other metros apart from Mumbai have also reached closer to Rs 100 per litre mark and OMC officials said that if international oil prices continue to firm up, this mark could also be breached in other places by month end.
With Saturday's price hike, fuel prices have now increased on 30 days and remained unchanged on 27 days since May 1. The 30 increases have taken up the petrol prices by Rs 7.72 per litre in Delhi. Similarly, diesel has increased by Rs 7.92 per litre in the national capital.
With global crude prices also rising on a pick up demand and depleting inventories of world's largest fuel guzzler - the US, retail prices of fuel in India are expected to firm up further in coming days. The benchmark Brent crude reached multi year high level of over $76 on ICE or Intercontinental Exchange.
Maruti Suzuki will raise prices of its vehicles during the July-September quarter due to high input costs.
In a regulatory filing, the company said that over the past year the cost of the company's vehicles continued to be adversely impacted due to increase in various input costs.
"Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price rise," it said.
The company added that the price rise has been planned in the second quarter of this fiscal and the increase shall vary for different models.
It had earlier raised prices for different car models in April.
Several vehicle makers have raised prices amid the pandemic as input costs have increased. Further, the decline in sales amid the pandemic has also impacted the industry.
However, with the situation easing across various states, restrictions are likely to ease and automakers would move back to normalising the operations.
Around 1.36 p.m., shares of the company on the BSE were at Rs 6,894.05 crore, lower by Rs 64.65 or 0.93 per cent from its previous close.
Automaker Hyundai Motor India on Friday launched premium 6- and 7-seater SUV Alcazar.
According to the company, the 7-seater petrol version's price starts at Rs 16.30 lakh, while the 6-seater SUV comes with a starting price of Rs 16.45 lakh in manual transmission and Rs 17.93 lakh for AT variant.
Besides, the 7-seater diesel version starts at Rs 16.53 lakh for MT and Rs 18.01 lakh for AT, while the 6-seater SUV comes with a starting price of Rs 16.68 lakh in manual transmission and Rs 19.78 lakh for AT variant.
"Hyundai has a diverse SUV line up in India and each model offers customers a unique proposition, catering to their aspirations and varied needs," said S.S. Kim, MD & CEO, Hyundai Motor India.
"To further fortify our portfolio, we are now entering into a new segment of 6 and 7 seater SUVs with the launch of the Hyundai Alcazar."
As per the company, Alcazar will be offered with four powertrain options - 2.0 l Petrol MPi engine (6AT or 6MT) and 1.5 l Diesel CRDi engine (6AT or 6MT).
"Delivering supreme acceleration performance across powertrains, Hyundai Alcazar with 2.0 l Petrol MPi engine (6MT) achieves an acceleration of 0-100 km per hour in 9.5 seconds."
"Further the petrol engine also offers best in segment power of 117 kW (159 PS) or 6 500 r or min. Both 2.0 l Petrol MPi engine and 1.5 l Diesel CRDi engine with 6-Speed 'Manual Transmission' and 'Automatic Transmissions' provide customers with best in segment fuel efficiency."
Luxury car manufacturer Mercedes-Benz on Thursday launched the seventh generation of its flagship limousine, the S-Class, in India. The new vehicle is launched in two variants - Diesel S 400d 4MATIC and Petrol S 450 4MATIC - with more than half of the 150 units of the 'CBU Launch Edition' being booked before the flagship's India debut. According to the company, the 'S 400d 4MATIC' is priced at Rs 2.17 crore and 'S 450 4MATIC' comes for Rs 2.19 crore. "We are thrilled to launch the flagship of our portfolio, the all-new S-Class in India. It has been one of the much anticipated luxury cars in this market with unparalleled customer trust and loyalty," Mercedes-Benz India's Managing Director & CEO Martin Schwenk said. "Witnessing a strong demand for our new and existing products, we expect to maintain a steady pace with our overall market strategy and are optimistic for an uptick in demand and gradual recovery in coming months." At present, there are more than 8,000 S-Class cars on Indian roads. Since its market launch in 1951, more than 4 million S-Class Saloons have been delivered to customers around the world.
San Francisco, June 16 (IANS) The new Tesla Model S Long Range has received its official Environmental Protection Agency (EPA) range rating, which is showing an improvement in efficiency over last year's version.
When first announced, it was supposed to have 412 miles of range and Elon Musk even announced that during the delivery event, but it was updated on Tesla's website to 405 miles just a few days later.
According to Electrek, Tesla's reference to the range was also updated from "estimate" to "EPA estimate" -- leading us to believe that Tesla had received the official EPA rating for the Long Range and the agency website was going to be updated shortly.
The EPA has now updated its website to add the official rating for the new 2021 Tesla Model S Long Range.
It shows a slight bump in efficiency to 124 MPGe for city driving and 115 MPGe for highway driving -- resulting in a 120 MPGe combined.
Tesla has updated the battery pack of the new Model S with the updated 2021 version, but the automaker hasn't released many details about it, including the energy capacity.
However, the new EPA rating is consistent with a similar energy capacity as last year, and the slightly longer range is achieved through the efficiency bump.
The new Model S Long Range starts at $79,990 in the US and new orders are being delivered later this year as Tesla needs to work through a backlog after deliveries of the new Model S were delayed several months.
The common man continues to face the heat from rising fuel prices as oil marketing companies once again decided to pass on the rise in global oil rates to consumers on Friday.
Accordingly, retail price of petrol and diesel got dearer by 29 paisa per litre and 28 paisa per litre to touch new high of Rs 95.85 and Rs 86.75 per litre respectively in Delhi.
In the city of Mumbai, where petrol prices crossed Rs 100 mark for the first time ever on May 29, the fuel price reached new high of Rs 102.04 per litre on Friday.
Diesel prices also increased in the city to reach Rs 94.15 a litre, the highest among metros.
Across the country as well petrol and diesel prices increased between 26-32 paisa per litre on Friday but its retail prices varied depending on the level of local taxes in different states.
Sri Ganganagar, a small city in northernmost part of Rajasthan near the India-Pakistan border is all set to get the dubious distinction of becoming the first city in the country where retail prices of both both auto fuels - petrol and diesel - will be hitting the century mark.
The city already has the distinction of having the highest pump price of petrol across the country at Rs 106.95 a litre. With diesel prices now increasing there by another 30 paisa per litre on Friday to reach Rs 99.81 a litre, the city is just a day away to hit a century mark for this fuel class as well.
Elsewhere in Rajasthan, especially towns near the border areas, diesel is expected to touch Rs 100 mark in a day. So, will be the case in a few places in Madhya Pradesh, Maharashtra, Telangana, Tamil Nadu, Andhra Pradesh, Karnataka and Bihar, where by virtue of higher VAT rates, fuel prices are always much higher than rest of the country. Premium fuels are already above Rs 100 mark in several cities for past few months.
With Friday's price hike, fuel prices have now increased on 22 days and remained unchanged on 20 days since May 1. The 22 increases has taken up petrol prices by Rs 5.45 per litre in Delhi. Similarly, diesel have increased by Rs 6.03 per litre in the national capital.
With global crude prices also rising on a pick up demand and depleting inventories of worlds largest fuel guzzler - US, retail prices of fuel in India is expected to firm up further in coming days.
The benchmark Brent crude is currently at $ 72.23 on ICE or Intercontinental Exchange .
Ride-hailing major Uber on Wednesday announced to hire nearly 250 engineers for its Bengaluru and Hyderabad-based teams, as the company expands operations for its engineering and product work in the country.
Uber said that it has started to reach out to prospective candidates for building new teams and adding to existing ones, including Uber infrastructure, Eats, Marketplace, Risk and Payments, Uber for Business (U4B), marketing and advertising platforms.
"Our teams in Hyderabad and Bengaluru work on important global mandates, and pioneer various industry-first innovations," Manikandan Thangarathnam, Senior Director, Engineering.
"In order to serve more people across the globe, we're expanding our teams and are looking for bright engineering minds so we can collectively solve mobility and delivery challenges across all our global markets.," he added.
The current round of hiring will strengthen the company's rider and driver growth, delivery, eats, digital payments, risk and compliance, marketplace, customer obsession, infrastructure, adtech, data, safety and finance technology teams.
Uber said its expansion plans are in line with its vision to make mobility and delivery more accessible, and to become the backbone of transportation in over 10,000 cities across the globe.
The tech teams have been heavily invested in building technology to enable safer rides and delivery across cities, including enabling mask-detection features and updating maps across countries.
To facilitate more effective social distancing measures, Uber's engineers have been accelerating digital payments in several countries, and also using Machine Learning (ML) and Artificial Intelligence (AI) to digitise several parts of Uber's operations, including driver onboarding, and uploading digital menus.
Meanwhile, the company has announced Rs 3.65 crore free rides package, which includes facilitating transportation of life-saving oxygen cylinders, concentrators, ventilators and other critical medical equipment to strengthen India's healthcare system during a devastating second wave of Covid-19.
As part of its larger commitment to help communities recover, Uber will continue supporting India's ongoing vaccination drive where it has already pledged free rides worth Rs 10 crore for citizens travelling to and from authorised vaccination centres.
After announcing that Tesla will hold an event for the first Model S Plaid deliveries last week, its CEO Elon Musk on Monday said the new electric car will not arrive at all.
The electric car-maker has been teasing its Model S Plaid since 2019, and Musk said late last month that delivery for the vehicle would be delayed to June 10 as its needs one more week of tuning.
Now, Musk said in a tweet: "Plaid+ is canceled. No need, as Plaid is just so good."
He said that the original Plaid could go from zero to 60 miles per hour in under two seconds.
"Model S goes to Plaid speed this week," Musk announced.
The Plaid Plus doesn't appear to be an option on Tesla's website.
Last week, Musk said that "Model S Plaid delivery is pushed to June 10 as it "needs one more week of tweak".
Back in January 2021, Tesla introduced a refreshed version of the Model S and Model X, which brings a new powertrain, new interior and updated exterior design to Tesla's two flagship electric vehicles.
When launching the new vehicles, Musk said that deliveries should start within a few weeks -- putting the first deliveries in February, reports Electrek.
Unfortunately, the automaker couldn't make that happen, the report said.
During the release of Tesla's Q1 2021 financial results, the automaker did note that "the first deliveries of the new Model S should start very shortly" and Musk said he believes it would happen the next month, which is now in May.
The CEO said that the delay had to do with making sure that the new battery pack in the updated Model S is going to be safe.