Chinese carmaker BYD buys US firm Jabil's mobility business for USD 2.2 bn

Electric vehicle maker BYD Co Ltd said on Monday that its unit struck a deal with the Singaporean division of US-based Jabil Inc firm to buy its mobility business in China for 15.8 billion yuan (USD 2.17 billion). The deal will expand BYD Electronic (Inteational) CO's customer base, product portfol...

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Nitin Gadkari to launch 100% ethanol-fueled car on Aug 29

Union Road Transport and Highways Minister Nitin Gadkari said on Wednesday that he will unveil a 100% ethanol-fueled variant of the Toyota Innova on August 29. The union minister, has been exhorting automakers to come out with alteative fuel-powered and green vehicles, last year launched a hydrogen-...

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Best Sedan Cars Under 10 Lakhs in India in 2023

Sedan cars are a popular choice among car buyers due to their balance of style, comfort, and practicality. Characterized by their three-box configuration (engine, passenger, and cargo), sedans offer a more refined look compared to other vehicle types like SUVs or hatchbacks. This design provides a s...

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Toyota India to offer 5 years of complimentary RSA for its entire range

Toyota India, one of the leading automobile manufacturers in the country, has announced an exciting new initiative aimed at enhancing customer satisfaction and ensuring peace of mind for its vehicle owners. The company will now offer 5 years of complimentary Roadside Assistance (RSA) for its entire ...

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Top 8 mid-size SUV under Rs 15 lakh in India

SUVs are trending and carmakers are cashing in on them with products. Companies such as Maruti Suzuki, Hyundai, and Kia offer multiple SUVs that fall under the sub-4m segment and mid-size categories. However, when looking to buy one, the choices can be overwhelming, as each car manufacturer offers s...

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Bharat NCAP: New vehicle safety norms set for launch

The center will launch the Bharat New Car Assessment Programme  (Bharat NCAP) on Tuesday, with the aim of improving road safety by raising the safety standards for motor vehicles weighing up to 3.5 tons. "The program aims to provide a tool to the car customers to make a comparative assessment o...

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Hyundai Motor India signs APA for acquiring GM’s Talegaon plant assets

Hyundai Motor India Limited (HMIL) has signed an Asset Purchase Agreement (APA) for the "acquisition and assignment of identified assets" related to General Motors India (GMI)'s Talegaon plant in Maharashtra, the company said in a statement on Wednesday. The APA covers the assignment of land an...

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Hero FinCorp in talks with I-banks for INR 4,000-crore IPO

NEW DELHI: Hero FinCorp, an arm of India's largest two-wheeler maker Hero MotoCorp, has interviewed investment banks over the past two weeks as it seeks underwriters for an initial public offering (IPO) of shares that could raise Rs 4,000 crore. The financial arm of the two-wheeler maker that provid...

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Ola Electric reports INR 373 crore topline in FY22; losses widen on scooter sales launch

Electric two-wheeler maker Ola Electric recorded operating revenue of INR 373.42 crore for the 12-month period ending March 2022, compared with INR 86 lakh in the year-ago period. The Bhavish Aggarwal-founded company’s expenses rose after it started selling scooters in December 2021, resultin...

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