Cycle maker Ninety One raises Rs 225 crore from A91 Partners, existing investors

Mumbai-based bicycle maker Ninety One has successfully raised Rs 225 crore in a Series A funding round led by venture fund A91 Partners at close to Rs 1,000 crore valuation, said its founder and CEO, Sachin Chopra. Founded by former Sequoia Capital executives, A91 Partners has invested Rs 160 crore...

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TVS Motor partners what3words to offer easy navigation to 2-wheeler users

TVS Motor Company on Monday said that it has partnered with location technology provider what3words to provide a seamless and accurate travel experience for its two-wheeler customers. In a statement, the company said it has integrated its innovative location technology of what3words into the T...

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Mercedes-Benz gets official authorisation for conditionally Level 3 automated driving

Mercedes-Benz has become the world's first car brand to meet the UN-R157 legal requirements for Level 3 autonomous driving, thus achieving the first ever 'Inteationally Valid System Approval' for Conditional Autonomous Driving. However, the flagship S-Class and EQS will be the first vehicles to be l...

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Hyundai Tucson flunks with zero-star in Latin NCAP crash test

The current generation 2021 Hyundai Tucson has undergone the NCAP Latin Strict crash test, totalling to nought. The selected variant of the five-seater SUV is equipped with two front airbags, seatbelt pretensioner, seat belt reminders, ISOFIX points, ABS with EBD. Tucson scored 51 percent for adult...

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TVS Motor Company makes fresh investment in Ultraviolette Automotive

TVS Motor Inc said on Monday it has made fresh investments in electric bike maker Ultraviolette Automotive. Zoho Corporation has joined TVS Motor in the latest round of C Series funding, to support Ultraviolette's vision of developing high-performance mobility solutions for India and global markets,...

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New Maruti Suzuki Celerio Bags 15,000 Bookings; Waiting Period Goes Up To 12 Weeks

The new-generation Maruti Suzuki Celerio went on sale in India last month, and the company has already gaered over 15,000 bookings for the compact hatchback. While the car went on sale in India on November 10, Maruti Suzuki officially opened pre-bookings on November 2. Speaking with Autonexa about t...

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4 auto majors contribute Rs 1,000 cr for 2 lakh hectare rubber plantation in NE: Piyush Goyal

Commerce and industry minister Piyush Goyal said on Thursday that four major tyre companies represented by the Automobile Tyre Manufacturers Association have jointly undertaken to contribute Rs 1,000 crore to develop rubber plantations on 2 lakh hectares of land in the seven northeaste states of Ind...

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Tata Motors to invest over $1 billion in CV business in next 4-5 years

Tata Motors, the nation’s largest truck maker, has invested over $ 1 billion (over Rs 7,500 crore in the coming 4-5 years to recraft its roadmap for the commercial vehicle business, with electric vehicles at its core, people in the know said. The company that has been a pioneer in the field o...

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eBikeGo acquires manufacturing, marketing rights for European e-scooter Muvi from Torrot

eBikeGo, India's two-wheeled electric mobility platform, has acquired the manufacturing and marketing rights for Muvi, an electric scooter owned by the Spanish company named Tarrot. The company is looking to manufacture the scooter in India and sell it in the country, as well as in global markets. W...

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