Capri Global Holdings (CGHL), the holding company for Capri Global Capital, a non-banking financial company with the brand name Capri Loans, has expanded its national footprint by acquiring a 51% stake in the online new car selling platform CarLelo, for Rs 150 crore. This investment is a testament to our commitment to driving the growth… Continue reading Capri Loans acquires 51% stake in CarLelo for Rs 150 crore
Author: Autocar_Professional India Online News
Ola Electric targeting IPO by year end, ropes in Goldman, Kotak: Report
Electric two-wheeler firm Ola Electric is looking to list on the bourses by the year-end, and has roped in Kotak alongside Goldman Sachs to manage the IPO, Reuters reported citing a person with direct information on the issue. The Indian company which has funding from SoftBank Group Corp, and Tiger Management amongst others, was given… Continue reading Ola Electric targeting IPO by year end, ropes in Goldman, Kotak: Report
Enigma Launches High-Speed Electric Scooter GT 450 Pro at Rs 89,000 and Crink V1 at Rs 94,000
Enigma, an electric vehicle manufacturer, has launched the high-speed variants of Crink and GT450 series. The GT450 variant will start at Rs 89,000, while the Crink V1 variant will commence at Rs 94,000. The company will extend a special offer to the first 1,000 customers, granting them an additional complimentary service, as a token of appreciation… Continue reading Enigma Launches High-Speed Electric Scooter GT 450 Pro at Rs 89,000 and Crink V1 at Rs 94,000
Enigma Launches High-Speed Electric Scooter GT 450 Pro at Rs 89,000 and Crink V1 at Rs 94,000
Enigma, an electric vehicle manufacturer, has launched the high-speed variants of Crink and GT450 series. The GT450 variant will start at Rs 89,000, while the Crink V1 variant will commence at Rs 94,000. The company will extend a special offer to the first 1,000 customers, granting them an additional complimentary service, as a token of appreciation… Continue reading Enigma Launches High-Speed Electric Scooter GT 450 Pro at Rs 89,000 and Crink V1 at Rs 94,000
Lexus announces the new LC500H Luxury coupe with high-end upgrades
Lexus has announced the new LC500H Luxury Coupe equipped with high-end upgrades. The new Lexus LC 500h gets distinct enhancements to further up its lifestyle quotient. The new Lexus LC 500h, a 4-seater Luxury Coupe, is priced at Rs 2.3 crore in India, and the upgrades in the Lexus flagship LC 500h consist of: Instrument Panel/ Display… Continue reading Lexus announces the new LC500H Luxury coupe with high-end upgrades
Gemopai targets ICE two-wheeler market by offering e2W priced under Rs 1 lakh
Gemopai, a joint venture between India’s Goreen E-Mobility and China’s Opai Electric, sets sights on achieving revenue of over US$100 million by FY2025-26. To accomplish this, the electric two-wheeler maker plans to introduce 4-5 new cost-effective models, expand its network of dealerships to 1,000, and leverage government initiatives to bolster electric vehicle manufacturing and adoption. In an interaction with Autocar Professional, Amit Raj… Continue reading Gemopai targets ICE two-wheeler market by offering e2W priced under Rs 1 lakh
Gemopai targets ICE two-wheeler market by offering e2W priced under Rs 1 lakh
Gemopai, a joint venture between India’s Goreen E-Mobility and China’s Opai Electric, sets sights on achieving revenue of over US$100 million by FY2025-26. To accomplish this, the electric two-wheeler maker plans to introduce 4-5 new cost-effective models, expand its network of dealerships to 1,000, and leverage government initiatives to bolster electric vehicle manufacturing and adoption. In an interaction with Autocar Professional, Amit Raj… Continue reading Gemopai targets ICE two-wheeler market by offering e2W priced under Rs 1 lakh
Flix to enter Indian market by 2024
Flix, a global provider of sustainable travel options has announced plans to expand FlixBus operations to India. Following advancements in Europe, the Americas, and Türkiye, the company now seeks to introduce its business model to India, one of the largest bus markets globally. The first inter-city green lines are scheduled to launch in early 2024.… Continue reading Flix to enter Indian market by 2024
Flix to enter Indian market by 2024
Flix, a global provider of sustainable travel options has announced plans to expand FlixBus operations to India. Following advancements in Europe, the Americas, and Türkiye, the company now seeks to introduce its business model to India, one of the largest bus markets globally. The first inter-city green lines are scheduled to launch in early 2024.… Continue reading Flix to enter Indian market by 2024
Pricol files writ petition challenging Minda Corp’s application to CCI for acquiring 24.5% stake
Coimbatore-headquartered Pricol Ltd (Pricol) has filed a writ petition at Madras High Court against Minda Corporation, challenging the latter’s validity of application to the Competition Commission of India (CCI) for taking its equity shares up to 24.5% (in Pricol). “The Division Bench of the Honourable High Court of Madras has on 24th May 2023 admitted the Writ Petition… Continue reading Pricol files writ petition challenging Minda Corp’s application to CCI for acquiring 24.5% stake