Bajaj Auto-backed e-bike rental start-up Yulu Bikes said that the US government’s International Development Finance Corporation (DFC) has approved a green loan of $9 million (around Rs 73 crore). The institution’s nod comes as part of its fundraising push to accelerate the Bengaluru-based company’s last-mile mobility growth plans. “The process of the approval to disbursement… Continue reading Yulu gets $9 million green loan nod from US government arm
Author: Autocar_Professional India Online News
Yulu gets $9 million green loan nod from US government arm
Bajaj Auto-backed e-bike rental start-up Yulu Bikes said that the US government’s International Development Finance Corporation (DFC) has approved a green loan of $9 million (around Rs 73 crore). The institution’s nod comes as part of its fundraising push to accelerate the Bengaluru-based company’s last-mile mobility growth plans. “The process of the approval to disbursement… Continue reading Yulu gets $9 million green loan nod from US government arm
Samvardhana Motherson’s EV order book swells by Rs 20,000 crore in just six months
Samvardhana Motherson’s EV order book swells by Rs 20,000 crore in just six months As the zero emission mobility business scales a new peak globally, the electric vehicle (EV) order book for India’s largest automotive component major Samvardhana Motherson International (SAMIL) (formerly Motherson Sumi Systems) has shot up by Rs 20,000 crore in just first… Continue reading Samvardhana Motherson’s EV order book swells by Rs 20,000 crore in just six months
BYD India prices Atto 3 e-SUV at Rs 33.99 lakh, has 1,500 bookings
A little over a month after it unveiled the all-electric Atto 3 SUV when it also commenced bookings, BYD India has announced it’s the eco-friendly vehicle’s pricing: Rs 33.99 lakh (all-India, ex-showroom). The company claims it has received nearly 1,500 bookings for the Atto 3. BYD India will assemble the Atto 3 from semi-knocked down… Continue reading BYD India prices Atto 3 e-SUV at Rs 33.99 lakh, has 1,500 bookings
BYD India prices Atto 3 e-SUV at Rs 33.99 lakh, has 1,500 bookings
A little over a month after it unveiled the all-electric Atto 3 SUV when it also commenced bookings, BYD India has announced it’s the eco-friendly vehicle’s pricing: Rs 33.99 lakh (all-India, ex-showroom). The company claims it has received nearly 1,500 bookings for the Atto 3. BYD India will assemble the Atto 3 from semi-knocked down… Continue reading BYD India prices Atto 3 e-SUV at Rs 33.99 lakh, has 1,500 bookings
Suzuki and PowerX to explore biz potential for ultrafast EV chargers in Japan and India
Suzuki and PowerX to explore biz potential for ultrafast EV chargers in Japan and India Suzuki Motor Corporation has signed an MoU with the Tokyo-based PowerX Inc, which manufactures and sells battery energy storage systems, to start exploring business partnership opportunities in Japan and India. The business partnership between the two Japanese companies will explore… Continue reading Suzuki and PowerX to explore biz potential for ultrafast EV chargers in Japan and India
Suzuki and PowerX to explore biz potential for ultrafast EV chargers in Japan and India
Suzuki and PowerX to explore biz potential for ultrafast EV chargers in Japan and India Suzuki Motor Corporation has signed an MoU with the Tokyo-based PowerX Inc, which manufactures and sells battery energy storage systems, to start exploring business partnership opportunities in Japan and India. The business partnership between the two Japanese companies will explore… Continue reading Suzuki and PowerX to explore biz potential for ultrafast EV chargers in Japan and India
Bosch to spend up to Rs 560 crore on capex this year
Bosch, a well-known industry supplier of technology and services, expects a strong demand outlook for passenger cars and commercial vehicles in the second half of the current year. The company has made provisions to incur Rs 520-560 crore of capital expenditure this year. With production revival in auto OEMs, a better supply of semiconductors and… Continue reading Bosch to spend up to Rs 560 crore on capex this year
Bosch to spend up to Rs 560 crore on capex this year
Bosch, a well-known industry supplier of technology and services, expects a strong demand outlook for passenger cars and commercial vehicles in the second half of the current year. The company has made provisions to incur Rs 520-560 crore of capital expenditure this year. With production revival in auto OEMs, a better supply of semiconductors and… Continue reading Bosch to spend up to Rs 560 crore on capex this year
Hyundai Motor chairman urges bold action on climate change
Hyundai Motor Group (the Group) Executive Chairman Euisun Chung today delivered a keynote speech at the 2022 B20 Summit in Bali, Indonesia on the theme of ‘Energy Poverty and Accelerate a Just and Orderly Sustainable Energy Use.’ Occurring prior to G20 Summit (November 15-16), the B20 Summit attracts thousands of attendees from major G20 member countries In… Continue reading Hyundai Motor chairman urges bold action on climate change