CredR to invest $15 million to expand used two-wheeler business

Used two-wheeler buying and selling platform CredR on Wednesday said it will invest $15 million (around Rs 110 crore) in 2022-23 to expand its business. CredR said in a statement that the Bengaluru-based firm plans to open 50 CredR showrooms in FY22-23 and more than 100 showrooms by 2024. Commentin...

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Ford records $8.2 bln fourth-quarter gain from Rivian investment

Rivian had soared as much as 53% to top $100 billion in the biggest IPO of 2021, but shares of the company have fallen more than 27% since then. Ford Motor Co. said Tuesday that its fourth-quarter results will include an $8.2 billion gain on its investment in Rivian Automotive Inc after the market-...

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Hero MotoCorp rallies 5% on Rs 420 crore investment in Ather Energy

Shares of Hero MotoCorp (HMCL) gained 5 percent at Rs 2,703.50 on BSE in Monday’s intraday trade after the world's largest manufacturer of motorcycles and scooters announced a new Rs 420 crore investment in Ather Energy. Ather, an existing associate of HMCL, is engaged in the business of desi...

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Tesla in India: These states invite Elon Musk to set up EV manufacturing plants in India

Elon Musk continued to receive splashy offers from a couple of Indian state govements after he put out a tweet suggesting the challenges in getting a permit in India for Tesla electric vehicles. On Thursday (January 13) last week, Elon Musk tweeted that he is still working on many challenges with th...

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Musk shares update on Tesla launch in India, says facing challenges

Tesla CEO Elon Musk said on Thursday that the electric vehicle maker is facing "a lot of challenges" in launching its vehicle in India. "Continues to work on many challenges with the govement," Musk tweeted. Musk was replying to a Twitter user, who asked, "Yo @elonmusk, any furher updates on when ...

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10 ways to avoid pocket burning car insurance premium

When you buy a car, convenience comes at a price. In addition to maintenance, you also pay for car insurance, which consists of two components: "third party" and "own damages" or what is also known as "comprehensive" insurance. While the first covers any damage or injury suffered by a third party in...

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Oye Rickshaw plans to deploy over one lakh e-rickshaws this year, expand ops to 25 new cities

MUMBAI: Matrix Partner-backed electric mobility firm Oye Rickshaw said on Tuesday that it plans to deploy more than 1,00,000 e-rickshaws and expand operations to 25 new cities by this year. With over 10,000 e-rickshaws, the micro-mobility company offers its services in Delhi NCR, Uttar Pradesh and H...

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115 companies file applications under PLI scheme for auto sector

115 companies have applied for Rs 25,938 crore Production Linked Incentive (PLI) scheme for the automotive and auto component sector notified by the govement in September last year. Of the applicants, there are 13 original equipment manufacturers (with the exception of 2W and 3W), 7 are 2W and 3W O...

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Gujarat govt allows retention, transfer of vehicle registration numbers

Ahmedabad: The Gujarat govement announced on Monday that the owner can keep a registration number even after the car is sold or canceled, and can transfer it for a stipulated fee to a new vehicle purchased by him or her. Gujarat Transport Minister Puesh Modi has announced that such a system already ...

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