Electric two-wheeler startup Yulu to raise $100 million to expand business model

Mumbai: Electric two-wheeler startup Yulu plans to raise up to $100 million to expand its business model and grab a larger pie of the growing last-mile mobility segment. Yulu, which has created the country's largest battery as a service network with 3 million battery swaps till date, will expa...

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MG Motor India introduces MG Charge initiative; to install 1,000 fast chargers

In a bid to boost India's charging infrastructure, MG Motor India has announced a new project called MG Charge. By this initiative, the carmaker aims to meet the challenge of installing 1,000 AC fast chargers in residential areas in 1,000 days. Type C electric vehicle chargers are expected to suppo...

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DICV partners with Mahindra MSTC Recycling-owned facility

Daimler India Commercial Vehicles (DICV) said on Wednesday it has signed a partnership with CERO, a scrappage and steel recycling facility owned by Mahindra MSTC Recycling. The partnership offers robust support and hassle-free service to owners, helping them phase out and replace End-of-Life Commer...

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MG Motor India launches digital car exploration platform

MG Motor India on Wednesday launched its digital vehicle exploration platform, MG eXpert, which provides customers product discovery and an online assisted buying experience. Using human intervention and augmented reality (AR) technology, MG eXpert offers a comprehensive set of flexible and convenie...

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Ashok Leyland targets 40% ICV sales from CNG variants

New Delhi: Truck maker Ashok Leyland plans to steadily expand its compressed natural gas (CNG) range to draw in up to 40% of sales in its intermediate commercial vehicle (ICV) segment from this fuel, a company official said. The move follows the truck maker losing market share in the ICV marke...

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Discounts of up to Rs 1.30 lakh on Renault Duster, Kwid, and Triber in February 2022

Renault India has announced a slew of discount offers across its model range this month. These benefits can be obtained in the form of cash discounts, exchange bonuses, corporate benefits and loyalty benefits. Let us know the model-wise offers. Renault Triber The Renault Triber MPV offering...

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Kia India achieves one lakh export milestone in under 2.5 years

Kia India has added another feather in the cap by attaining the one lakh export milestone. The automaker began its export operations with Seltos in September 2019 and so far has managed to dispatch 1,01,734 units to more than 91 countries. In 2021, the Korean automaker exported 46,261 vehicles, rec...

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CCI imposes ₹1,788 cr penalty on Apollo, MRF and other tyre manufacturers

The Competition Commission of India (CCI) said today that the Supreme Court has dismissed a petition filed by tyre companies wherein they had challenged the regulator's order to impose penalties of more than Rs 1,788 crore on them for indulging cartelisation. CCI has imposed penalties of Rs 42...

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Union Budget 2022 – Effects and implications on the auto sector

Honorable Finance Minister Nirmala Sitharaman has presented the Union Budget 2022 and there weren't many key announcements nor much relief for the reeling auto sector. However, certain announcements are expected to have a direct or indirect impact on the auto industry. The govement continues to focu...

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