Explore Business Standard
Automatic Cars
Tesla CEO Elon Musk has appeared to confirm a report that the company's much-ballyhooed event to unveil a robotaxi will be delayed beyond its scheduled Aug 8 date. Musk didn't give a new date for the event, but in a posting on X on Monday, the social media site he owns, he wrote that he requested a design change to the front of the vehicle. "The extra time allows us to show off a few other things, he wrote. A message was left Monday seeking comment from Tesla. Bloomberg News reported on Thursday that the robotaxi event would be delayed until October due to changes sought by Musk. That sent Tesla shares down 8% for the day. But they have since rallied and were up nearly 3% in Monday afternoon trading. Tesla shares had been down more than 40% earlier in the year, but are up more than 80% since hitting a 52-week low in April. For many years Musk has said Tesla's Full Self Driving system will allow a fleet of robotaxis to generate income for the company and Tesla owners, making use o
Automaker Kia India aims to garner 40 per cent of its overall sales this year from cars with an intelligent manual transmission (iMT) as demand for automatic vehicles continues to grow in the domestic market, according to a senior company official. The automaker is replacing manual transmission with intelligent manual transmission (iMT) in turbo petrol and diesel trims of Seltos, Carens and Sonet. The entry-level trims of the models, which come with a 1.5-litre petrol engine, would however continue to feature the manual transmission in order to cater to the price-conscious customer. The iMT trims come with a gear shift lever but no clutch thus enhancing ease of driving especially in city conditions. It also gives the buyers an option to shift from automatic to manual mode. In an interaction with PTI, Kia India National Head (Sales and Marketing) Hardeep Singh Brar said the company sold 1.35 lakh units in 2020 and out of that iMT contribution stood at 7 per cent. "Last year we sold