Mahindra & Mahindra is preparing for another investment in a foreign firm, but this time through its Korean subsidiary. According to the Korean Times, Mahindra's Korean subsidiary SsangYong was about to sign a binding investment agreement with the US-based HAAH Automotive Holdings. An unnamed indust...
Sep 15, 2020
As the festive season is around the coer, Renault India this month unveils some lucrative discount offers across its portfolio. The French automaker is pushing for volumes, after reporting 41 percent growth in sales last month. To attract more customers, the automaker offers special benefits over BS...
Sep 14, 2020
Mumbai: Jaguar Land Rover Automotive Plc, owned by Tata Motors, reported a 15.5% year-on-year drop to 28,887 units in global retail volumes for August, the company said in a regulatory filing on Friday.The British luxury car company reported an annual decline in retail sales in its largest markets, ...
Sep 11, 2020
The parent company of India's largest carmaker Maruti Suzuki, Suzuki Motor Corporation, Japan now has an increased stake in India's largest carmaker. In a notification to the Bombay Stock Exchange (BSE), Maruti Suzuki has informed that Suzuki Motor Corporation, Japan, Japan, has purchased an additio...
Sep 10, 2020
As the festive season in the country has begun in the country, manufacturers are offering heavy discounts to attract buyers amid slow sales due to the global pandemic. The homegrown utility vehicle manufacturer Mahindra is also offering exciting deals and offers for this festive period. Interested b...
Sep 9, 2020
General Motors said on Tuesday that it is acquiring an 11% stake in US electric truck maker Nikola Corp, worth about $ 2 billion, and will team up with the company to make a pick-up truck.Nikola's Shares rose more than 30% to $ 46.30 in pre-market trading after GM's investment, helping the company t...
Sep 8, 2020
BluSmart, an All-electric ride-hailing platform, has announced raising a pre-series A round funding of Rs 51 crore. The company said the funds will be used to expand the number of cars on the platform, set up charging infrastructure, improve technology, and expand geographic reach. A year ago in Sep...
Sep 7, 2020
Mahindra has delivered the country's first Alturas G4 SUV BS 6-compliant to the President of India. The car was delivered at the Rashtrapati Bhavan and was received by the Co-Secretary on behalf of the President.The Alturas G4 delivered to the President features an all-black paint scheme. On th...
Sep 3, 2020
Mumbai: TVS Motor has invested Rs 30 crore in electric car maker Ultraviolette Automotive for an undisclosed stake as part of its latter's series B round of fundraising, the company announced Wednesday.TVS Motor had earlier invested Rs 11 crore in a Bangalore-based company for a 25.76% ownership sta...