Having dabbled with the idea of a hybrid powertrain, Honda Cars India has decided to skip the hybrid bridge for its upcoming SUV Elevate and has instead decided to move to straight battery electric vehicles. Unveiling the new global mid-size SUV, Honda Cars India management stated that they have no plans for a hybrid powertrain… Continue reading GST On Hybrid vehicle is high, moving to BEVs in line with Government’s direction: Takuya Tsumura, President and CEO, Honda Cars India
Category: US Motoring Press
Future classics 2023: car investments that could make you money
There are a number of ways to invest your money, but few will bring as much enjoyment as owning a classic car. As with any investment, there’s a significant level of financial risk involved in the classic car market, so it’s best to pick a collector’s car that you can really enjoy. If it doesn’t… Continue reading Future classics 2023: car investments that could make you money
Volvo S90, XC40 PHEV and Cross Country estates axed in UK
Volvo has removed four models from UK dealerships as it “consolidates” its line-up in the run-up towards going all-electric in 2030. The Volvo V60 Cross Country estate, Volvo V90 Cross Country estate, Volvo S90 saloon and Volvo XC40 Recharge PHEV crossover can no longer be ordered from the factory. The Swedish manufacturer cited reductions in sales volumes and its… Continue reading Volvo S90, XC40 PHEV and Cross Country estates axed in UK
Kia Seltos crosses 5 lakh milestone
Seltos, the premium SUV of Kia India has crossed the 5-lakh mark in just 46 months of its launch. The brand which started with Kia india’s foray in August 2019, unlocked immense value for the SUV segment. Four years ago, the Seltos made its global debut with a grand unveiling, designed to cater to discerning… Continue reading Kia Seltos crosses 5 lakh milestone
Simple Energy starts deliveries of its Super EV – Simple ONE
Simple Energy, the Bengaluru-based electric vehicle and clean energy start-up, today commenced deliveries of its revolutionary product, the Super EV – Simple ONE. The company plans to facilitate deliveries in a phased manner starting from Bengaluru, which was officially debuted on May 23. Launched at Rs 1,45,000 (Ex-Showroom, Bengaluru), the new Super EV has received… Continue reading Simple Energy starts deliveries of its Super EV – Simple ONE
Maruti Suzuki inaugurates its 4,500th Service touchpoint in India
Maruti Suzuki India has further widened its service network to reach 4,500 touchpoints in the country. Hisashi Takeuchi, Managing Director and CEO, Maruti Suzuki India said, “Over the years, we have earned customer trust and loyalty with the high quality of products and after-sales service. Having over 4,500 service touchpoints across 2,271 cities reflects our… Continue reading Maruti Suzuki inaugurates its 4,500th Service touchpoint in India
Ather announces India’s first 60 month loan product for EV two-wheelers
Electric scooter manufacturer Ather Energy, today announced a new 60-month vehicle loan product that will make EV scooters more affordable. This is also the first time that a finance product with a tenure of 5 years has been rolled out in the EV industry. Despite a long and successful track record of vehicle financing, Indian… Continue reading Ather announces India’s first 60 month loan product for EV two-wheelers
Ather announces India’s first 60 month loan product for EV two-wheelers
Electric scooter manufacturer Ather Energy, today announced a new 60-month vehicle loan product that will make EV scooters more affordable. This is also the first time that a finance product with a tenure of 5 years has been rolled out in the EV industry. Despite a long and successful track record of vehicle financing, Indian… Continue reading Ather announces India’s first 60 month loan product for EV two-wheelers
River secures US$ 15 million in additional funding; to use capital for R&D
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
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