Autocar_Professional India Online News – Page 1546

Ather announces India’s first 60 month loan product for EV two-wheelers

Electric scooter manufacturer Ather Energy, today announced a new 60-month vehicle loan product that will make EV scooters more affordable. This is also the first time that a finance product with a tenure of 5 years has been rolled out in the EV industry. Despite a long and successful track record of vehicle financing, Indian… Continue reading Ather announces India’s first 60 month loan product for EV two-wheelers

Ather announces India’s first 60 month loan product for EV two-wheelers

River secures US$ 15 million in additional funding; to use capital for R&D

Bengaluru-based electric vehicle startup River has secured US$15 million in its latest fund raise, led by UAE-based conglomerate Al Futtaim Group, with participation from existing investors Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC. This latest capital raise brings the company’s total funding to US$28 million. It has a target of achieving 5,000 units… Continue reading River secures US$ 15 million in additional funding; to use capital for R&D

Ashok Leyland announces strategic partnership with Cholamandalam for dealer financing solutions

Ashok Leyland, the Indian flagship of the Hinduja Group, has announced a strategic partnership with Cholamandalam Investment and Finance Company (Chola), the financial services arm of Murugappa Group today, to facilitate inventory financing for the Ashok Leyland dealers. In a bid to enhance operational capabilities, the new alliance aims to provide 130 Ashok Leyland dealerships… Continue reading Ashok Leyland announces strategic partnership with Cholamandalam for dealer financing solutions

Honda unveils new Elevate SUV in India, aims to attract mid-size SUV buyers

Japanese carmaker’s Indian arm Honda Cars India (HCIL) has today unveiled a brand-new product — the Honda Elevate — for the domestic market. The mid-size SUV, which has been designed between Honda’s R&D centers in India and Thailand, has been developed for the Indian and ASEAN markets. In India, the Elevate will be positioned in… Continue reading Honda unveils new Elevate SUV in India, aims to attract mid-size SUV buyers

Hyundai Mobis breaks ground on new EV battery system plant in Indonesia

Hyundai Mobis, the parts and service arm of the Hyundai Motor Group, has begun construction of a new EV dedicated battery system plant in Indonesia, which it plans to have completed by the first half of 2024. The company states that it “intends to set Indonesia as a beachhead as the country is emerging as… Continue reading Hyundai Mobis breaks ground on new EV battery system plant in Indonesia

Hyundai Mobis breaks ground on new EV battery system plant in Indonesia

Honda Cars India to launch five SUVs by 2030, to bring in Elevate EV in three years

As part of its long-term vision for India, Honda Cars India plans to launch 5 SUVs in the country by 2030. Speaking to media at the global premiere of Honda Elevate, Takuya Tsumura, President and CEO of Honda Cars India said, Elevate is the first of five SUVs the company plans to launch by the… Continue reading Honda Cars India to launch five SUVs by 2030, to bring in Elevate EV in three years

Honda Cars India to launch five SUVs by 2030, to bring in Elevate EV in three years

Autoliv to launch its first two-wheeler airbag in 2025

Autoliv’s first new motorcycle safety product to reach the market will be the bag-on-bike airbag, with production beginning in Q1 2025. The bag-on-bike airbag can significantly reduce the risk of serious injury for powered two-wheeler riders in frontal crashes. The number of powered two-wheelers continues to rise, due to widespread urbanisation and the practicality of… Continue reading Autoliv to launch its first two-wheeler airbag in 2025