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...
Sep 2, 2020
October is the month of celebrations and it is time to flood the market with new and exciting offers from various car dealers across India. Since Navratri, Diwali, and its season are considered the most auspicious times of the year, many customers are eagerly awaiting it and prefer to buy anything n...
Sep 1, 2020
Ford is developing technology in the UK that could make road trips in the urban jungle safer and easier, according to Drive Australia. Ford's technology is said to have the ability to 'foresee traffic incidents' and prevent them from happening.Ford Mobility has partnered with a group of bodies that ...
Aug 31, 2020
BMW Motorrad has announced the M Endurance chain for motorcycles, which it claims does not require lubrication or tension adjustment. The maintenance-free series will be offered on the BMW S 1000 RR and BMW S 1000 XR models as a factory option or as an accessory for existing owners. It will also be ...
Aug 28, 2020
Tata Motors revamped its range of commercial vehicles for the future. The entire range of vehicles, from sub-1 tonne to 55-tonne gross vehicle/combination weight, is powered by efficient engines and provides a reduced total cost of ownership (TCO) for all users: fleet operators, transport operators ...
Aug 26, 2020
While the coronavirus crisis has hit the auto industry, which is expected to record the lowest sales in 11 years, it has also given a push to the demand for some auto accessories. One of the accessories that have been most in demand after the pandemic is cabin air filters in cars, especially those t...