Bengaluru-based startup Minus Zero has announced the launch of an autopilot system designed specifically for Indian traffic conditions. The company claims the system is capable of navigating dense urban environments, such as Bengaluru’s streets, using foundational AI models that do not rely on traditional rule-based programming or high-definition maps. The system, which uses only camera-based… Continue reading Minus Zero Introduces AI-Based Autopilot System for Indian Roads
Category: US Motoring Press
SKF India Reports 8% Revenue Growth, 4% PBT Increase for FY 2024-25
SKF India Limited has announced its financial results for the fourth quarter and financial year ended March 31, 2025, reporting consolidated revenue growth of 8% year-on-year to INR 49,199 million, compared to INR 45,701 million in the previous fiscal year. The company’s Profit Before Tax (PBT) increased by 4% to INR 7,632 million from INR… Continue reading SKF India Reports 8% Revenue Growth, 4% PBT Increase for FY 2024-25
SKF India Reports 8% Revenue Growth, 4% PBT Increase for FY 2024-25
SKF India Limited has announced its financial results for the fourth quarter and financial year ended March 31, 2025, reporting consolidated revenue growth of 8% year-on-year to INR 49,199 million, compared to INR 45,701 million in the previous fiscal year. The company’s Profit Before Tax (PBT) increased by 4% to INR 7,632 million from INR… Continue reading SKF India Reports 8% Revenue Growth, 4% PBT Increase for FY 2024-25
India is world’s largest electric 3W market for second year in a row
Confirmation of India being the world’s largest electric three-wheeler market for the second year in a row has just come in. In its latest Global EV Outlook 2025 report, the International Energy Agency (IEA) has stated that China registered e-three-wheeler sales of 300,000 units, down 6% year on year (CY2023: 320,000 units) as compared to… Continue reading India is world’s largest electric 3W market for second year in a row
India is world’s largest electric 3W market for second year in a row
Confirmation of India being the world’s largest electric three-wheeler market for the second year in a row has just come in. In its latest Global EV Outlook 2025 report, the International Energy Agency (IEA) has stated that China registered e-three-wheeler sales of 300,000 units, down 6% year on year (CY2023: 320,000 units) as compared to… Continue reading India is world’s largest electric 3W market for second year in a row
India is world’s largest electric 3W market for second year in a row
Confirmation of India being the world’s largest electric three-wheeler market for the second year in a row has just come in. In its latest Global EV Outlook 2025 report, the International Energy Agency (IEA) has stated that China registered e-three-wheeler sales of 300,000 units, down 6% year on year (CY2023: 320,000 units) as compared to… Continue reading India is world’s largest electric 3W market for second year in a row
Hyundai India Launches New i20 Magna Executive Variant at INR 7.50 Lakh
Hyundai Motor India Limited (HMIL) has introduced a new ‘Magna Executive’ variant to its i20 premium hatchback lineup at INR 7,50,900 (ex-showroom). The new variant is part of Hyundai’s strategy to make premium features more accessible to aspirational hatchback buyers. The Magna Executive comes equipped with six airbags, Electronic Stability Control (ESC), Vehicle Stability Management… Continue reading Hyundai India Launches New i20 Magna Executive Variant at INR 7.50 Lakh
Folks Motor Secures Initial ₹100 Crore for EV-Focused Fund with ₹500 Crore Target
Folks Motor, a leading player in India’s xEV (retrofit) industry, has secured ₹100 crore in the first close of its newly launched “Folks Funds,” an Alternative Investment Fund (AIF) Category II with a target corpus of ₹500 crore. The company expects to reach the full funding target by the end of 2025, with investments focused… Continue reading Folks Motor Secures Initial ₹100 Crore for EV-Focused Fund with ₹500 Crore Target
Folks Motor Secures Initial ₹100 Crore for EV-Focused Fund with ₹500 Crore Target
Folks Motor, a leading player in India’s xEV (retrofit) industry, has secured ₹100 crore in the first close of its newly launched “Folks Funds,” an Alternative Investment Fund (AIF) Category II with a target corpus of ₹500 crore. The company expects to reach the full funding target by the end of 2025, with investments focused… Continue reading Folks Motor Secures Initial ₹100 Crore for EV-Focused Fund with ₹500 Crore Target
India on Track to Become World’s Third-Largest Economy by 2031, S&P Global Reports
S&P Global India Research Chapter released a report today stating that India is on track to become the world’s third-largest economy by fiscal 2030-31 and is positioned to capitalize on evolving global trade dynamics. The report, titled “India Forward: Transformative Perspectives,” highlights India’s economic growth trajectory and its progress in enhancing manufacturing competitiveness over the… Continue reading India on Track to Become World’s Third-Largest Economy by 2031, S&P Global Reports