IFC to invest INR 600 crore in M&M’s new last mile mobility company underway

New Delhi: The Inteational Finance Corporation (IFC), the private sector arm of the World Bank Group, has announced an investment of INR 600 crore in a new Last Mile Mobility (LMM) company, to be incorporated as a wholly-owned subsidiary of Mahindra. & Mahindra (NewCo). The funding aims to...

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Tata Nexon mileage in India increased; BS6 Phase 2 effect?

Tata Motors is currently updating its range of cars to comply with the BS6 Phase 2 and RDE norms which will come into effect from April 1. While the Harrier and Safari have already received this update, we expect all other models to get the update in the coming days. Tata h...

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New Hyundai Verna 2023 gathers over 8,000 bookings

- Bookings are open for Rs 25,000 -Offered with two powertrains and four variants options Hyundai launched the all-new Vea in the Indian market today, with a starting price of Rs. 10.90 lakhs (ex-showroom). The midsize sedan received a much-needed update after a long time. Addi...

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Is solid-state LiDAR the key to autonomous driving?

Major automakers and technology companies around the world have committed billions of dollars to making autonomous car technology a reality. Industry researchers estimate that it will take some time for the automotive sector to reach the point where most driving situations can be handled by cars the...

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KSB Limited acquires technology of Bharat Pumps & Compressors to ramp pump up business

New Delhi: KSB, Ltd., a pioneer supplier for pumps, valves and systems, has acquired technology from Bharat Pumps and Compressors Ltd, Naini, Prayagraj. With this acquisition, KSB Limited becomes the sole and exclusive owner and shall have rights in the technology of products manufactured by BP & CL...

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New Hyundai Verna 2023 to be launched in India tomorrow

Hyundai Vea 2023 price in India to be announced on March 21 The model gets a new turbo-petrol engine Hyundai India is all set to launch the new generation Vea in the country tomorrow. The updated model has already commenced arriving at local dealerships across the country. Bookings of the se...

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Petronas offers $460 million for stake in India's NTPC's green arm'

NEW DELHI: Malaysia's Petronas has offered 38 billion rupees ($460 million) to buy a 20% stake in the green energy arm of India's largest power producer NTPC in the first such deal of its kind by a state-run firm, three sources told Reuters. The offer price was higher than the Rs 30 billion NTPC ha...

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Volkswagen joins China price war as new emissions rule looms

SAIC Volkswagen Automotive Co is offering 3.7 billion yuan (USD 537 million) in cash subsidies for car purchases in China, joining more than 40 brands in slashing prices ahead of emissions rule changes in the world's largest auto market. SAIC-VW said on its WeChat account that the joint v...

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Volkswagen lays out details of planned affordable electric car

Volkswagen on Wednesday laid out the details of a planned all-electric vehicle that will cost under €25,000 ($26,790), part of the German automaker's push to generate 80% of Volkswagen's passenger brand's sales in Europe from all-electric vehicles by 2030. Volkswagen said the vehicle with a ra...

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