During a day-long Utsav festival on Sunday, Shriram Automall India Limited (SAMIL), a major pre-owned marketplace for vehicles and equipment, generated business worth approximately Rs 185 crore. In a statement, the company claimed that footfalls surpassed 25,000 on its 12th business anniversary, which was held in over 120 cities across the nation. Approximately 7500 vehicles, equipment,… Continue reading Shriram Automall’s 120-city SAMIL utsav generated over Rs 185 crore
Category: US Motoring Press
Yulu plans to invest $500 million in three years, eyes 10X growth in revenues
Yulu, India’s largest shared electric mobility player plans to invest $500 million in the next three years as it aims to have a fleet of one million electric two wheelers in operation by 2025. With the production at Bajaj Auto’s factory in Akurdi commencing, Yulu intends to ramp up its fleet to 50000 units by… Continue reading Yulu plans to invest $500 million in three years, eyes 10X growth in revenues
Yulu plans to invest $500 million in three years, eyes 10X growth in revenues
Yulu, India’s largest shared electric mobility player plans to invest $500 million in the next three years as it aims to have a fleet of one million electric two wheelers in operation by 2025. With the production at Bajaj Auto’s factory in Akurdi commencing, Yulu intends to ramp up its fleet to 50000 units by… Continue reading Yulu plans to invest $500 million in three years, eyes 10X growth in revenues
New Lotus Type 133 electric super saloon caught on camera
After decades of thrilling petrol-powered sports cars, Lotus is reinventing itself for the electric age. The Evija was the brand’s first EV, the Eletre its first SUV, and its next model – codenamed Type 133 – will see Lotus enter yet another new territory with its first ground-up four-door saloon. Of course, Lotus is no… Continue reading New Lotus Type 133 electric super saloon caught on camera
Autocar Business Live webinar: why car dealers are more important than ever
Tony Whitehorn, former CEO of Hyundai UK, and Matthew Patchett, from automotive customer experience specialists Reputation, join us for the next instalment of Autocar Business Live, discussing why the in-person car dealer experience is more crucial than ever before. The free webinar takes place on Thursday 23 March at 1100-1200. You can sign up to watch… Continue reading Autocar Business Live webinar: why car dealers are more important than ever
Tesla £20,000 hatchback teased ahead of Investors Day event
Tesla could reveal its tipped Volkswagen ID 3-rivalling electric hatchback during Wednesday’s Investor Day, where CEO Elon Musk will announce the firm’s third-generation EV platform. Along with what appears to be sketches of facelifted Tesla Model 3 and Tesla Model Y, a side-profile drawing of what would be Tesla’s smallest model – and its cheapest, at… Continue reading Tesla £20,000 hatchback teased ahead of Investors Day event
New Lotus Type 133 luxury saloon tackles snow before 2023 reveal
Global Lotus dealers have been shown the final design for the Type 133, he confirmed, “so they know what’s coming next – and excitement was very high”. Elaborating on how Lotus and Polestar could collaborate in the future, Windle explained: “Geely is flexible and comfortable with us working with our sister companies, or third parties… Continue reading New Lotus Type 133 luxury saloon tackles snow before 2023 reveal
Nissan expands EV strategy as demand rises
Nissan has added four new battery-electric cars to its Ambition 2030 strategy in response to rising sales of EVs worldwide. The firm will now launch 19 EVs by 2030, in turn taking the total number of scheduled electrified (hybrid, plug-in hybrid and electric) models up to 27. It had previously planned to launch 15 BEVs and… Continue reading Nissan expands EV strategy as demand rises
Australian battery firm buys Britishvolt for undisclosed fee
Australian battery start-up Recharge Industries has purchased Britishvolt for an undisclosed fee, planning to revive the failed gigafactory project in Blyth, Northumberland. Britishvolt will now use Recharge’s preferred battery technology – licensed from American firm Charge CCCV (C4V) – rather than that which was in development under the previous ownership. It aims to begin manufacturing cells… Continue reading Australian battery firm buys Britishvolt for undisclosed fee
EV shared mobility specialist Yulu plans to invest $500 million in three years, eyes 10X growth in revenues
EV shared mobility specialist Yulu plans to invest $500 million in three years, eyes 10X growth in revenues Yulu, India’s largest shared electric mobility player plans to invest $500 million in the next three years as it aims to have a fleet of one million electric two wheelers in operation by 2025. With the production… Continue reading EV shared mobility specialist Yulu plans to invest $500 million in three years, eyes 10X growth in revenues