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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

Police on Wednesday morning rescued a 13-year-old girl who was kidnapped by another teenager, in what authorities currently believe was a human trafficking situation. The incident occurred in Canton, Georgia, just after 10:20 a.m. when officers of the Canton Police Department approached a 2014 Dodge Caravan that had been reported stolen. A young woman was seen driving the car while using a cellphone, while a younger girl was also observed, Fox 11 News reported Friday. Once pulled over, the teen driver was unable to provide any license or registration for the vehicle. Upon searching the car, officers found 13 THC vape cartridges, three vape pens, a THC-laced candy themed after Nerds Rope, and numerous pieces of lingerie. The officers were eventually able to ascertain that the 16-year-old driver was planning to transport the younger girl over state lines, leading them to suspect a human trafficking scenario. Police were able to reunite the 13-year-old with her family. … [Read more...] about Teen girl charged with kidnapping, trafficking of 13-year-old: Police

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

A man who drew a gun and put a protester in a headlock at a “Back The Blue” rally during the peak of police-brutality protests last year openly displayed anti-fascist sympathies, according to a confidential police bulletin circulated months later. “‘ANTIFA’ is a patch on the right shoulder of the subject,” reads the bulletin, a copy of which was obtained by The Daily Beast. But the patch does not say “ANTIFA” at all. It’s a logo patch for the heavy metal band Anthrax. Last June, even as racial-justice protests swept the country, one pro-police event in Everett, Washington, made national headlines. There, in what critics described as an unequal application of justice , a teenager was arrested for taunting police with a doughnut, while a pro-police demonstrator was not arrested after putting a man in a headlock and drawing a gun. But two months after the protest, the Snohomish County Sheriff’s Office did circulate an internal bulletin about the gun-wielding man, according … [Read more...] about Cops Confuse ‘ANTHRAX’ With ‘ANTIFA’ in Hunt for Violent Protester

KISSIMMEE, Fla. (AP) — Residents at a motel along a tourist strip not far from Walt Disney World that was used as the setting for the 2017 film “The Florida Project" were told that they must vacate on short notice because the complex has been sold to another owner. Residents of the Magic Castle Inn & Suites were told last Monday that the hotel had been purchased and the new owners were forcing everyone out, local media reported. Because the Magic Castle was a motel, the new owners don't have to follow the same eviction procedures that a landlord would for removing tenants from a rental apartment. “Now I have to find a home and a job,” Heather Squires, who paid for her room by working at the motel, told the Orlando Sentinel. “That’s a lot to dump on someone in less than 24 hours.” The lavender-painted hotel was the setting for the movie that, through the eyes of a young girl, told a story of poverty and resilience at the pay-by-the-week motel that was the home of last resort … [Read more...] about With new owners, Florida Project motel dwellers must leave

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

A man accused of being abusive has revealed his last conversation with his ex-partner claiming they were "very much in love" when she was found dead the next day. An inquest into the death of Jessica Laverack, known as Jessie, heard how she had moved to East Yorkshire from Rotherham in 2017 to escape her ex-boyfriend Patrick Walsh. But Mr Walsh, who described Jessie as his fiancé, is said to have found out where she lived and sent her a letter before turning up at her home unannounced, Hull Live reports. Jessie, 34, was found dead at her home in Beverley on February 2, 2018, with a handwritten note which read "I'm sober and will stay that way. I also know I'm scared of you and that's so hard to say out loud and tell you that." The inquest at Hull Coroners Court heard how police had charged Mr Walsh with assaulting Jessie, but the case was dropped at court when she withdrew the claim. Jessie Laverak had moved to Beverley to escape her ex, but he denies these allegations … [Read more...] about Man accused of being abusive shares last conversation with partner day before she died