Pankaj Gupta will be responsible for retail leasing business across Tier I, II, and III cities, expanding into the passenger transportation segment, and promoting the Baas model. Alt Mobility, a prominent company in India’s electric vehicle fleet leasing and lifecycle management sector, has appointed Pankaj Gupta as its new Chief Growth Officer. Gupta will be… Continue reading Alt Mobility appoints Pankaj Gupta as Chief Growth Officer to accelerate retail leasing expansion
Author: Economic Times of India Online News
Vehicle financiers bet big on festive season to revive demand
Vehicle sales and financing in India are experiencing a slowdown due to delayed replacement demand. Mumbai: With the continued fall in vehicle sales, disbursements by vehicle financiers are also expected to moderate in the September quarter. According to a note released by InCred Equities, there is a persistent slowdown in the new vehicle financing space… Continue reading Vehicle financiers bet big on festive season to revive demand
Ford, GM shares fall after Morgan Stanley analyst downgrade
Shares of Ford Motor and General Motors fell around 5% after Morgan Stanley analysts downgraded the automakers. Shares of Ford Motor and General Motors fell about 5% on Wednesday after Morgan Stanley analysts downgraded the U.S. automakers, citing a challenging market environment marked by falling prices and growing competitive threats, particularly from China. Legacy U.S.… Continue reading Ford, GM shares fall after Morgan Stanley analyst downgrade
India focused on urban infrastructure, e-mobility, and renewable energy for growth: FM Sitharaman
Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, emphasised the urgent need for sustainable and resilient infrastructure. Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, emphasized the urgent need for sustainable and resilient infrastructure, especially in light of the global challenges posed by climate change and geopolitical tensions. The minister highlighted this during… Continue reading India focused on urban infrastructure, e-mobility, and renewable energy for growth: FM Sitharaman
Bike loan co Manba’s INR 151cr IPO subscribed 224 times
The IPO for Manba Finance, a Mumbai-based NBFC, has been subscribed 224 times. Mumbai: The IPO for Manba Finance, a Mumbai-based NBFC that finances two and three wheelers, has been subscribed 224 times. The company that aimed to mobilise INR 151 crore now has a demand for its shares worth nearly INR 24,000 crore. This… Continue reading Bike loan co Manba’s INR 151cr IPO subscribed 224 times
Delhi LG seeks to link vehicle’s insurance premium to traffic violations, writes to FM Sitharaman
Delhi Lieutenant Governor VK Saxena has proposed a road safety plan to Union Finance Minister. New Delhi: Delhi Lieutenant Governor VK Saxena has written to Union Finance Minister Nirmala Sitharaman, proposing a stringent road safety plan that seeks higher insurance premiums for vehicles with a history of traffic violations. Saxena said that a vehicle, which… Continue reading Delhi LG seeks to link vehicle’s insurance premium to traffic violations, writes to FM Sitharaman
JSW Group appoints Rajiv Mehta as chief of mobility arm
Prior to joining JSW, Mehta worked as the Chief of Business Strategy, Transformation & Analytics for the automotive division at Mahindra & Mahindra New Delhi: JSW Group on Tuesday said it has appointed Rajiv Mehta as Chief of Business of its mobility arm JSW Auto. Based out of the company’s headquarters in Mumbai, Mehta will… Continue reading JSW Group appoints Rajiv Mehta as chief of mobility arm
China urges US to stop ‘unreasonable suppression’ of its firms in latest auto row
China has called on the United States to halt its ‘unreasonable suppression’ of Chinese companies. China urged the United States on Wednesday to stop “unreasonable suppression” of its companies, in response to U.S. proposals to ban Chinese software and hardware in vehicles on its roads due to national security concerns. “The U.S. move has no… Continue reading China urges US to stop ‘unreasonable suppression’ of its firms in latest auto row
Thai auto sector reels from falling orders and soaring household debt
Thailand’s USD 53 billion automobile industry faces a crisis. Thailand’s USD 53 billion automobile industry is facing a grim future as highly indebted domestic consumers struggle to finance purchases and overseas buyers of its mainstay traditional vehicles increasingly switch to electric alternatives. The crisis in Southeast Asia’s largest car production hub has forced cuts to… Continue reading Thai auto sector reels from falling orders and soaring household debt
Transport dept issues norms to ease RC process for new vehicles
The Delhi government’s transport department has issued new guidelines to address delays in receiving registration certificates for newly purchased vehicles. Following complaints about delays in receiving registration certificates (RC) from automobile dealers for newly purchased vehicles, Delhi govt‘s transport department has issued new guidelines to streamline the process. Officials said instructions had been given to… Continue reading Transport dept issues norms to ease RC process for new vehicles