Bengaluru-based electric vehicle startup River has secured US$15 million in its latest fund raise, led by UAE-based conglomerate Al Futtaim Group, with participation from existing investors Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC. This latest capital raise brings the company’s total funding to US$28 million. It has a target of achieving 5,000 units… Continue reading River secures US$ 15 million in additional funding; to use capital for R&D
Category: US Motoring Press
Ashok Leyland announces strategic partnership with Cholamandalam for dealer financing solutions
Ashok Leyland, the Indian flagship of the Hinduja Group, has announced a strategic partnership with Cholamandalam Investment and Finance Company (Chola), the financial services arm of Murugappa Group today, to facilitate inventory financing for the Ashok Leyland dealers. In a bid to enhance operational capabilities, the new alliance aims to provide 130 Ashok Leyland dealerships… Continue reading Ashok Leyland announces strategic partnership with Cholamandalam for dealer financing solutions
Honda unveils new Elevate SUV in India, aims to attract mid-size SUV buyers
Japanese carmaker’s Indian arm Honda Cars India (HCIL) has today unveiled a brand-new product — the Honda Elevate — for the domestic market. The mid-size SUV, which has been designed between Honda’s R&D centers in India and Thailand, has been developed for the Indian and ASEAN markets. In India, the Elevate will be positioned in… Continue reading Honda unveils new Elevate SUV in India, aims to attract mid-size SUV buyers
Hyundai Mobis breaks ground on new EV battery system plant in Indonesia
Hyundai Mobis, the parts and service arm of the Hyundai Motor Group, has begun construction of a new EV dedicated battery system plant in Indonesia, which it plans to have completed by the first half of 2024. The company states that it “intends to set Indonesia as a beachhead as the country is emerging as… Continue reading Hyundai Mobis breaks ground on new EV battery system plant in Indonesia
Hyundai Mobis breaks ground on new EV battery system plant in Indonesia
Hyundai Mobis, the parts and service arm of the Hyundai Motor Group, has begun construction of a new EV dedicated battery system plant in Indonesia, which it plans to have completed by the first half of 2024. The company states that it “intends to set Indonesia as a beachhead as the country is emerging as… Continue reading Hyundai Mobis breaks ground on new EV battery system plant in Indonesia
Honda Cars India to launch five SUVs by 2030, to bring in Elevate EV in three years
As part of its long-term vision for India, Honda Cars India plans to launch 5 SUVs in the country by 2030. Speaking to media at the global premiere of Honda Elevate, Takuya Tsumura, President and CEO of Honda Cars India said, Elevate is the first of five SUVs the company plans to launch by the… Continue reading Honda Cars India to launch five SUVs by 2030, to bring in Elevate EV in three years
Honda Cars India to launch five SUVs by 2030, to bring in Elevate EV in three years
As part of its long-term vision for India, Honda Cars India plans to launch 5 SUVs in the country by 2030. Speaking to media at the global premiere of Honda Elevate, Takuya Tsumura, President and CEO of Honda Cars India said, Elevate is the first of five SUVs the company plans to launch by the… Continue reading Honda Cars India to launch five SUVs by 2030, to bring in Elevate EV in three years
Lexus banks on hybrids despite looming 2030 ICE ban
Lexus hybrid cars are still “relevant”, despite the looming ban on sales of new petrol and diesel cars, Lexus Europe boss Dimitris Tripospitis has told Autocar. The UK government will ban sales of new cars without a “significant zero-emissions capability” from 2030, although it’s yet to define what this means for manufacturers. In the meantime, it will introduce… Continue reading Lexus banks on hybrids despite looming 2030 ICE ban
Stellantis: Keep cars for 15 years to cut CO2
Stellantis is aiming to extend the life of its vehicles beyond the current 12-year average now, with 15 years “not crazy” as a new target, its head of circular economy has said. The company – whose stable of 14 brands includes Citroën, Fiat, Peugeot and Vauxhall – is looking to harvest reusable parts from scrapped cars among other initiatives to extend the life… Continue reading Stellantis: Keep cars for 15 years to cut CO2
Autoliv to launch its first two-wheeler airbag in 2025
Autoliv’s first new motorcycle safety product to reach the market will be the bag-on-bike airbag, with production beginning in Q1 2025. The bag-on-bike airbag can significantly reduce the risk of serious injury for powered two-wheeler riders in frontal crashes. The number of powered two-wheelers continues to rise, due to widespread urbanisation and the practicality of… Continue reading Autoliv to launch its first two-wheeler airbag in 2025