US luxury carmaker Lucid is working towards entering the world’s biggest auto market, China, Zhu Jiang who helms the China operations said, as per media reports. Lucid will sell imported cars in the country while contemplating producing locally in China as well, Reuters reported, citing an unnamed source. Zhu confirmed to the newswire that the company… Continue reading Lucid preparing to enter China: Report
Author: Autocar_Professional India Online News
Autoliv aims to slash nearly 8,000 jobs, shut down sites : Report
Autoliv, the world’s largest seatbelt and airbag maker aims to slash nearly 8,000 jobs, joining the increasing number of firms looking at saving costs amid high inflation. Media reports say that the Swedish company is looking to cut 6,000 direct and 2,000 indirect positions. The cuts will translate into shutting down of various of its… Continue reading Autoliv aims to slash nearly 8,000 jobs, shut down sites : Report
BMW launches new M2 at Rs 98 lakh
BMW has launched the second-gen M2 in India with prices starting from Rs 98 lakh, ex-showroom. The two-door sports coupe is offered in a single variant with an automatic gearbox as standard, but a manual gearbox is part of an extensive options list. The new BMW M2 is being brought to India via the CBU route and will… Continue reading BMW launches new M2 at Rs 98 lakh
Charge+Zone aims to raise US$ 125 million in Series A2 by year end
Charge+Zone, the Gujarat-based EV charging company, aims to raise US$ 125 million in Series A2 by the end of this calendar year. The company had raised US$ 54 million in Series A1, led by BlueOrchard. It has also completed the first phase of installing 1,600 plus EV charging stations across 450+ locations, covering more than… Continue reading Charge+Zone aims to raise US$ 125 million in Series A2 by year end
Charge+Zone aims to raise US$ 125 million in Series A2 by year end
Charge+Zone, the Gujarat-based EV charging company, aims to raise US$ 125 million in Series A2 by the end of this calendar year. The company had raised US$ 54 million in Series A1, led by BlueOrchard. It has also completed the first phase of installing 1,600 plus EV charging stations across 450+ locations, covering more than… Continue reading Charge+Zone aims to raise US$ 125 million in Series A2 by year end
EXCLUSIVE: Licence to drive, not kill!
A network of about 40 legacy driving schools in and around Satara, Karad, and Sangli districts, among others in Maharashtra are on a mission. They have collectively zeroed in on a couple of land parcels and submitted a proposal to the road transport ministry for approval to set up an Accredited Driver Training Centre (ADTC),… Continue reading EXCLUSIVE: Licence to drive, not kill!
EXCLUSIVE: Licence to drive, not kill!
A network of about 40 legacy driving schools in and around Satara, Karad, and Sangli districts, among others in Maharashtra are on a mission. They have collectively zeroed in on a couple of land parcels and submitted a proposal to the road transport ministry for approval to set up an Accredited Driver Training Centre (ADTC),… Continue reading EXCLUSIVE: Licence to drive, not kill!
EXCLUSIVE: Licence to drive, not kill!
A network of about 40 legacy driving schools in and around Satara, Karad, and Sangli districts, among others in Maharashtra are on a mission. They have collectively zeroed in on a couple of land parcels and submitted a proposal to the road transport ministry for approval to set up an Accredited Driver Training Centre (ADTC),… Continue reading EXCLUSIVE: Licence to drive, not kill!
Sheerdrive raises undisclosed sum in pre-Series A funding led by Inflection Point Ventures
Sheerdrive, a Mumbai-based digital pre-owned vehicle platform, has secured undisclosed funding in its pre-Series A round led by Inflection Point Ventures. Prajit Nanu, Co-Founder, and CEO of NIUM, a multibillion-dollar fintech company, JITO Angel Network, INSEAD Angels India, Group Landmark, Volrado Venture Fund, among others participated in the capital raise. Ravi Mehra, CEO and co-founder… Continue reading Sheerdrive raises undisclosed sum in pre-Series A funding led by Inflection Point Ventures
Mercedes-Benz G 400d launched in India at Rs 2.55 crore
Mercedes-Benz has introduced the updated G-Class line-up in the Indian market. The new G 400d replaces the popular G 350d, which was launched in 2019. Prices for the 2023 Mercedes G 400d start at Rs 2.55 crore (ex-showroom) which is Rs 83 lakh more than the outgoing G 350d. Bookings for the G400d have opened at Rs 1.5 lakh.… Continue reading Mercedes-Benz G 400d launched in India at Rs 2.55 crore