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With the rise in the sale of electric vehicles and buyers making the switch, many new players are trying to enter this market. Currently, in India, the sales volume of electric cars is lower than electric two-wheelers. A total of 2,264 electric cars were sold in February 2022, up from 434 units in February 2021. A total of 1,360 units were sold in January, a three-digit year-over-year increase. NUMBERSPEAK Tata Motors’ electric vehicle sales stood at 2,264 units in February 2022, representing a 421% increase over February 2021 (YoY) and a 66% increase over the previous year (MoM). In this segment, Tata offers the Nexon EV and Tigor EV, both of which are entry-level electric vehicles priced between Rs 10-20 lakh. The second name on the list is MG Motor ZS EV, which has sold 38 units. However, its YoY sales dropped by more than two-thirds to 127 units, while sales of 59 units were reported in January 2021. The MoM decline is reported to be more than one-third. In case of … [Read more...] about Electric Vehicle Sales Pick Up Speed in February 2022; New Players Enter Market

DETROIT (Reuters) - Electric vehicle sales could reach 33% globally by 2028 and 54% by 2035, as demand accelerates in most major markets, consultant AlixPartners said on Wednesday. EVs accounted for less than 8% of global sales last year, and just under 10% in the first quarter of 2022. To support that demand, automakers and suppliers now expect to invest at least $526 billion on EVs and batteries from 2022-2026, the firm said at its annual Global Automotive Outlook briefing. That is more than double the five-year EV investment forecast of $234 billion from 2020-2024. Those higher investments "have now made EV growth inevitable," according to Mark Wakefield, co-leader of the firm's automotive practice. The industry still faces economic and supply chain challenges during the transition from internal combustion engine (ICE) vehicles to EVs, Wakefield added. The transition will require "drastic changes to operating models -- not just plants and people, but the whole way of … [Read more...] about Electric vehicles could take 33% of global sales by 2028-AlixPartners

HANOI, June 26 (Reuters): The State Bank of Vietnam (SBV) has announced this week that it will increase the frequency of foreign exchange sales to be ready to supply foreign currencies to the market more often amid bearish global market conditions. The dollar/Vietnamese dong exchange rate has risen 2% from the beginning of this year, in contrast to the downward trend witnessed last year, the SBV said in a statement. "The SBV will manage exchange rate in a way that creates room for the rate to move flexibly and absorb external shocks, at the same time it will intervene in the foreign exchange market to limit excessive fluctuations of the exchange rate," it said. The central bank said it managed to buy large amounts of foreign currencies and increase its reserves thanks to favourable financial conditions in recent years. As of March this year, Vietnam's foreign reserves had reached a record of $110 billion, official data showed. "In the context of unfavourable market movements, … [Read more...] about Vietnam central bank to increase forex sales frequency to ensure supply to market

The country’s largest carmaker Maruti Suzuki India (MSI) has said its total wholesales in May stood at 1,61,413 units. The company had sold 46,555 units in May 2021, MSI said in a statement. Last month, the company’s domestic sales rose to 1,34,222 units, as against 35,293 units in May 2021, it added. “The sales figures of May 2022 are not comparable with that of May 2021 as the operations of the company in May 2021 were significantly affected due to COVID-19 related disruptions,” the automaker stated. Sales of mini cars, comprising Alto and S-Presso, stood at 17,408 units last month. It stood at 4,760 in the same month last year. The company said sales in the compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, was at 67,947 units in May this year. In the corresponding period last year it was at 20,343 units. Sales of mid-size sedan Ciaz stood at 586 units in the period under review. It stood at 349 units in May 2021. Utility vehicle sales, … [Read more...] about Maruti Suzuki Clocks Total Sales of 1,61,413 Units in May

Toyota Motor Corp and Suzuki Motor Corp on Friday said they would begin production of hybrid vehicles in India, a category that Toyota has said is currently best suited to such markets. A Toyota plant in southern India would in August begin building a hybrid sport utility vehicle (SUV) developed by Suzuki, the companies said. Two power trains would be available, they said: one with a mild hybrid configuration from Suzuki and the other as a strong hybrid from Toyota. In a mild hybrid, the battery only assists the piston engine, without the all-electric mode available in a strong hybrid. Building the model is part of a broader partnership formed between the two Japanese automakers in 2017. It will be sold in India and exported to markets including Africa. Green investors have criticised Toyota, the world's largest carmaker by sales, for slowness in moving its product line-up to all-electric, battery electric vehicles (BEVs). But the company has argued that hybrids make more … [Read more...] about Toyota, Suzuki take hybrid route in India for local, global markets

Click here to read the full article. News of a forthcoming Marcus Mumford solo album began to leak out this past week, which countless radio stations and websites around the world immediately leaped to assume meant that old gang of his was breaking up. Mumford made it official on two counts — yes, his solo record is coming up, and no, Mumford and Sons are not splitting — and offered a first taste of the new project as he sat in with Brandi Carlile Friday at L.A.’s Greek Theater. During the encore portion of the first of Carlile’s two sold-out gigs at the Greek, the two sang a powerful, collaborative new ballad (the title of which was not announced) that Mumford said would be the closing track of his solo album, publicly confirming a heretofore secret project that has become widely speculated upon over the last week. More from Variety BeachLife Ranch Festival to Bring More Americana to L.A., With Lumineers, Brandi Carlile, Wilco and More Brandi Carlile, Yola, … [Read more...] about Marcus Mumford Declares Band Is Not Breaking Up, as He and Brandi Carlile Offer First Taste of His Solo Album Live

More than 40 per cent of adults in England have gained weight since the first lockdown in March 2020, according to a 2021 Public Health England survey. The research found that people gained more than half a stone on average, but one in five put on a stone or more. For those aged between 35 to 65, the average weight gain was more than 10lbs. Separate NHS research found that people seeking help to lose weight during the pandemic were 5lb heavier on average than those starting a health service weight loss programme in the previous three years. Five pounds might not sound like much, but it is considered “clinically significant”. Gaining even 2.2lb can increase a person’s risk of Type 2 diabetes by about 8 per cent, the NHS warns. With life now bearing some resemblance to pre-Covid normality, we can think about getting ourselves on the road to a healthy lifestyle and weight. But anyone who has previously attempted to traverse the quagmire that is the dozens of diet plans out there … [Read more...] about Kickstart your healthy weight loss journey with Optifast

Chief Minister Basavaraj Bommai, who granted a Bangalore Development Authority (BDA) site for Padma Shri Saaluamrada Thimmakka, formally handed over the sale deed of the site to her on Saturday. The Chief Minister presented the BDA site allotment and sale deed documents to Ms. Thimmakka, who called on the Chief Minister at his Race Course Road residence, along with her foster son. Ms. Thimmakka has been granted a 50X80 feet site in Sector ‘J’, 7th Block in Nadaprabhu Kempegowda layout in the City. Ms. Thimmakka, an environmentalist, is noted for her work in planting and tending banyan trees along the national highways. She has won more than a dozen awards. … [Read more...] about Basavaraj Bommai hands over BDA site for Saalumarada Thimmakka

This is a carousel. Use Next and Previous buttons to navigate 6 TAMPA, Fla. (AP) — If this is Ondrej Palat’s final playoff run with the Tampa Bay Lightning, he’s certainly making it count. Soon he could be counting in the tens of millions of dollars on a new contract. A pending free agent with a knack for scoring big goals to go along with elite defensive prowess, Palat scored another big goal Friday night to keep the two-time defending champion Lightning alive in the Stanley Cup Final against the Colorado Avalanche. He leads the NHL with eight game-winning goals sine the start of the 2020 playoffs. “He’s a special kid and a special player,” coach Jon Cooper said. “He’s a great complement to skill players, to checkers — wherever you need him. He just does his job, and he gets rewarded for it because of his effort. And everybody in that room knows how much Palat has brought to this organization.” Cooper basically wrote the … [Read more...] about Palat is money for Lightning, could cash in as free agent

The sale of Chelsea to a group spearheaded by American businessman Todd Boehly is in doubt with the British government claiming sanctioned owner Roman Abramovich is unwilling to accept certain terms of the sale they have imposed. The government is demanding that the £2.6bn fee agreed at the beginning of the month is placed in a holding account until it is guaranteed it can go to a foundation to help victims of the war in Ukraine , as promised by Abramovich more than two months ago. But the 55-year-old, who was sanctioned on March 10 because the government said that it had proof he has long held close links to Russia president Vladimir Putin , wants the £1.6bn he has loaned the club since buying it in 2003 sent to a company registered in Jersey called Camberley International Investments, senior Westminster sources have briefed. ( Image: AFP via Getty Images) There are doubts around the ownership of the Jersey-based company and officials at the Department for … [Read more...] about Chelsea takeover at risk of collapse amid “alarm in government” over Roman Abramovich