Auto tech company CARS24’s financial services arm has achieved a 100% year on year increase in loan disbursements and surpassed the Rs 2,000 crore milestone since inception. CARS24 obtained an NBFC licence in 2019, cementing its position as a full-stack solution for pre-owned car buyers. Here are some of the trends that are being observed:… Continue reading CARS24’s financial arm disburses over Rs 2,000 crore in pre-owned car loans
Author: Autocar_Professional India Online News
Tata Motors launches customer engagement programme for Tata EV owners
Continuing the celebration of World Environment Day, leading automobile manufacturer, Tata Motors has announced the introduction of ‘EVOLVE’ – a programme that brings together the Tata EV owners for a shared journey towards the growth of EV acceptance in the country. As per the company, the program will consist of various customer focussed activities including… Continue reading Tata Motors launches customer engagement programme for Tata EV owners
Tesla is not being considered for tailor made incentives by the Union Government: Report
PTI has reported that Tesla is not being considered for tailor made incentives by the Union Government, but states have the liberty to offer concessions to the automotive firm. Tesla has evinced interest in setting up a supply chain in the future, in India. Tesla representatives met Indian officials in the earlier month. On being… Continue reading Tesla is not being considered for tailor made incentives by the Union Government: Report
Tesla is not being considered for tailor made incentives by the Union Government: Report
PTI has reported that Tesla is not being considered for tailor made incentives by the Union Government, but states have the liberty to offer concessions to the automotive firm. Tesla has evinced interest in setting up a supply chain in the future, in India. Tesla representatives met Indian officials in the earlier month. On being… Continue reading Tesla is not being considered for tailor made incentives by the Union Government: Report
Attron Automotive raises Rs 4.75 crore from investors, aims to reduce EV dependence on China
Attron Automotive, a leading provider of innovative motor and controller solutions for electric vehicles (EVs), today announced the successful completion of the first round of funding, raising a total of 4.75 crore. It was led by Anicut Capital and the round saw participation from Pontaq VC, Venture Catalyst, and Yashovardhan Shah. The funds will be… Continue reading Attron Automotive raises Rs 4.75 crore from investors, aims to reduce EV dependence on China
Magna inaugurates Innovation Campus centre in Bengaluru
Magna, a mobility technology company has inaugurated its Innovation Campus in Bengaluru, India. The campus – spanning 239,000 square-feet – will be the center of the company’s R&D activities in Asia and will support various global projects. As per the company announcement, Magna has invested approximately US$120 million towards the manufacturing of the centre and… Continue reading Magna inaugurates Innovation Campus centre in Bengaluru
Magna inaugurates Innovation Campus centre in Bengaluru
Magna, a mobility technology company has inaugurated its Innovation Campus in Bengaluru, India. The campus – spanning 239,000 square-feet – will be the center of the company’s R&D activities in Asia and will support various global projects. As per the company announcement, Magna has invested approximately US$120 million towards the manufacturing of the centre and… Continue reading Magna inaugurates Innovation Campus centre in Bengaluru
Honda Motorcycle & Scooter India introduces 2-wheeler industry initiative ‘Extended Warranty Plus’ program to support customers
Honda Motorcycle & Scooter India (HMSI), has unveiled the ‘Extended Warranty Plus (EW Plus)’ program, an advanced iteration of its extended warranty offering, now available across all scooter and motorcycle models up to the 250cc segment. This initiative enables customers to acquire an extended warranty within a flexible window of 91 days to the ninth… Continue reading Honda Motorcycle & Scooter India introduces 2-wheeler industry initiative ‘Extended Warranty Plus’ program to support customers
Real estate requirements for manufacturing EV batteries are estimated to reach around 2,400 acres by 2030, says CBRE
Real estate consulting firm CBRE South Asia, has announced the findings of its report ‘Electric Vehicles in India- New Wheels on the Roads’, which states that real estate requirements for manufacturing EV batteries are estimated to reach around 2,400 acres by 2030, as a result of the government’s EV adoption targets. Uttar Pradesh and Maharashtra… Continue reading Real estate requirements for manufacturing EV batteries are estimated to reach around 2,400 acres by 2030, says CBRE
Stellantis announces top management changes: Report
Stellantis said that it is executing top-level changes, effective 1 July, Reuters reported. The CTO Ned Curic will expand his role to take on R&D, as assumes the position of chief engineering and technology officer, upon the retirement of Harald Wester, the newswire reported. Stellantis has also appointed Beatrice Foucher, presently the DS Automobiles CEO,… Continue reading Stellantis announces top management changes: Report