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Bike Bazaar closes Series D equity funding of Rs 250 crore

Bike Bazaar – a leading pre-owned two-wheeler financing company has closed its Series D round of funding with a total equity raise of Rs 250 crore. The company on Monday announced that it has raised Rs 82 crores (USD 10 million) from DEG, a Germany-based development finance institution and a subsidiary of KfW Group, who… Continue reading Bike Bazaar closes Series D equity funding of Rs 250 crore

Bike Bazaar closes Series D equity funding of Rs 250 crore

‘Definitely, in the year 2025 two (Kia) EV models will be locally manufactured here’: Tae Jin Park

‘Definitely, in the year 2025 two (Kia) EV models will be locally manufactured here’: Tae Jin Park With SUVs at the core of Kia’s model range in India, the South Korean car maker has taken advantage of the SUV boom and has outperformed the market with stellar growth ever since it entered India in 2018.… Continue reading ‘Definitely, in the year 2025 two (Kia) EV models will be locally manufactured here’: Tae Jin Park

‘Definitely, in the year 2025 two (Kia) EV models will be locally manufactured here’: Tae Jin Park

Analysts forecast 35 percent growth for MHCVs supported by a 14 percent rise in capital outlay in Budget 2023

Analysts forecast 35 percent growth for MHCVs supported by a 14 percent rise in capital outlay in Budget 2023 In its assessment of the impact on the medium and heavy commercial vehicle (MHCV) sector from Budget 2023, rating firm CRISIL has said that sales in the sector are expected to rise 35-37 percent year-on-year this… Continue reading Analysts forecast 35 percent growth for MHCVs supported by a 14 percent rise in capital outlay in Budget 2023

‘A new small SUV EV will play well for us in emerging markets like India’: Volvo Cars CEO Jim Rowan

‘A new small SUV EV will play well for us in emerging markets like India’: Volvo Cars CEO Jim Rowan With an eye on grabbing high market share in the nascent electric vehicle space in emerging global markets, Swedish luxury carmaker Volvo Cars plans to introduce a small SUV within the next 12-18 months to… Continue reading ‘A new small SUV EV will play well for us in emerging markets like India’: Volvo Cars CEO Jim Rowan

‘A new small SUV EV will play well for us in emerging markets like India’: Volvo Cars CEO Jim Rowan

Govt waives 252% duty to encourage global car makers to test vehicles in India

Union Minister for Heavy Industries Dr. Mahendra Nath Pandey on Sunday inaugurating – “Towards Panchamrit” – Conference & Exposition in Manesar said “Automakers from more countries should avail the testing facilities in India” with government waiving off 252 percent duties for vehicles brought in by international automakers for testing purposes in the country. Pandey who… Continue reading Govt waives 252% duty to encourage global car makers to test vehicles in India

Budgetary allocation of Rs 300 crores provision for H2 infra for commercial vehicles not enough say industry experts

Budgetary allocation of Rs 300 crores provision for H2 infra for commercial vehicles not enough say industry experts As against a total commitment of Rs 19,700 crore for the National Green Hydrogen Mission the Rs 300 crore sanctioned in the Union Budget is far too minuscule as the squeeze in fund availability will directly delay infrastructure… Continue reading Budgetary allocation of Rs 300 crores provision for H2 infra for commercial vehicles not enough say industry experts

Rapido joins hands with RACEnergy for swappable e-autos for Hyderabad

Swiggy-backed Rapido has joined hands with battery swapping and tech start-up RACEnergy for the deployment of swappable e-autos in Hyderabad which will be pressed into service by the end of CY2023. Rapido co-founder Aravind Sanka confirmed the development and said “RACEnergy’s battery-swapping technology and energy-dense batteries will help us make electric transport available for the masses.… Continue reading Rapido joins hands with RACEnergy for swappable e-autos for Hyderabad