Jan
The automobile industry is witnessing a surge in sales globally after hitting a low during the pandemic. Slowly yet gradually, the industry is coming back on its feet. With this increase in sales, a certain trend has emerged as well. It has been determined that the sales of SUVs have been recorded ...
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Jan
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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Jan
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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Jan
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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Jan
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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Jan
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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Jan
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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Jan
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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Jan
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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