Skoda India has revealed its compact SUV, and announced the starting price for the Kylaq: Rs 7.89 lakh, ex-showroom, India). With the Skoda Kylaq, the Czech brand wants to go big by going small. The Kylaq you see here is Skoda’s smallest SUV yet and is the Czech carmaker’s vessel to crack 1,00,000 unit yearly… Continue reading Skoda Kylaq launched at Rs 7.89 lakh
Author: Autocar_Professional India Online News
JSW MG India expands Hector SUV lineup with new 7-seater variants
JSW MG Motor India expanded its popular MG Hector lineup with the introduction of two new 7-seater variants: the Hector Plus 7-Seater Select Pro and Smart Pro. The additions aim to provide a spacious, versatile, and premium SUV experience for Indian customers. The Select Pro variant is powered by a 1.5L turbocharged petrol engine paired… Continue reading JSW MG India expands Hector SUV lineup with new 7-seater variants
Kia India unveils sketches of first SUV under Kia 2.0 design
Kia India released sketches of its first SUV under the Kia 2.0 banner, marking the company’s evolution in design, technology, space, and safety. This new SUV, built on the advanced Design 2.0 philosophy, draws inspiration from Kia’s EV9 and Carnival Limousine, showcasing futuristic aesthetics and sophisticated engineering, Kia India said. Kia’s upcoming SUV aims to… Continue reading Kia India unveils sketches of first SUV under Kia 2.0 design
Zoomcar raises $9.15 million via private placement to fund debt repayment and expansion
Self-drive car-sharing marketplace, Zoomcar, successfully priced a private placement, raising approximately $9.15 million in gross proceeds. This private placement is with select institutional investors and comes as Zoomcar looks to expand its operations and manage debt obligations. Before deductions for placement agent fees and other expenses, Zoomcar expects to receive $9.15 million in gross cash.… Continue reading Zoomcar raises $9.15 million via private placement to fund debt repayment and expansion
Zoomcar raises $9.15 million via private placement to fund debt repayment and expansion
Self-drive car-sharing marketplace, Zoomcar, successfully priced a private placement, raising approximately $9.15 million in gross proceeds. This private placement is with select institutional investors and comes as Zoomcar looks to expand its operations and manage debt obligations. Before deductions for placement agent fees and other expenses, Zoomcar expects to receive $9.15 million in gross cash.… Continue reading Zoomcar raises $9.15 million via private placement to fund debt repayment and expansion
Retail Auto Sales: Urban market under pressure, rural holding up
Rural India continued to demonstrate its market strength in October 2024, posting growth in key two-wheeler and passenger vehicle categories, despite the festival season traditionally driving stronger urban sales. The latest data from the Federation of Automobile Dealers Associations (FADA) also reveals interesting shifts in the urban-rural dynamics of India’s auto retail market. In October,… Continue reading Retail Auto Sales: Urban market under pressure, rural holding up
Retail Auto Sales: Urban market under pressure, rural holding up
Rural India continued to demonstrate its market strength in October 2024, posting growth in key two-wheeler and passenger vehicle categories, despite the festival season traditionally driving stronger urban sales. The latest data from the Federation of Automobile Dealers Associations (FADA) also reveals interesting shifts in the urban-rural dynamics of India’s auto retail market. In October,… Continue reading Retail Auto Sales: Urban market under pressure, rural holding up
Retail Auto Sales: Urban market under pressure, rural holding up
Rural India continued to demonstrate its market strength in October 2024, posting growth in key two-wheeler and passenger vehicle categories, despite the festival season traditionally driving stronger urban sales. The latest data from the Federation of Automobile Dealers Associations (FADA) also reveals interesting shifts in the urban-rural dynamics of India’s auto retail market. In October,… Continue reading Retail Auto Sales: Urban market under pressure, rural holding up
Auto dealers cautious despite strong October sales; warn about year-end discount war
Despite a stellar 32% jump in October festival season sales, Indian automobile dealers are bracing for challenging months ahead. According to the latest Federation of Automobile Dealers Associations (FADA) member survey, only 37.15% of dealers expect growth in November 2024, while 39.69% anticipate flat sales, and 23.16% forecast a decline. The cautious outlook comes as… Continue reading Auto dealers cautious despite strong October sales; warn about year-end discount war
Tessolve to acquire Dream Chip Technologies for up to ₹400 crore
Tessolve, a Hero Electronix venture and a leader in semiconductor engineering, has signed a definitive agreement to acquire Dream Chip Technologies, a semiconductor chip design firm headquartered in Germany, for around ₹400 Crore (EUR 42.5 million). This acquisition, which is subject to regulatory approvals, will bolster Tessolve’s presence in the global semiconductor sector, particularly in… Continue reading Tessolve to acquire Dream Chip Technologies for up to ₹400 crore