Automotive retrofitment company Folks Motor said it is expanding its operations into electric vehicle (EV) finance, asset management, and industrial infrastructure. The company, led by Founder and CEO Nikhil Anand Khurana, has developed EV retrofitment technology aimed at converting older petrol and diesel vehicles into electric ones. The firm is working on integrating a range… Continue reading Folks Motor Expands into EV Retrofitment, Finance, and Asset Management
Category: US Motoring Press
Hyundai’s Pre-Owned Car Sales Grow by 5.8% in 2024, Driven by Certified Program Success
Hyundai Motor India Limited (HMIL) reported sales of 157,503 pre-owned cars through its Hyundai Promise program in 2024, marking a 5.8% increase from the previous year. The company’s certified pre-owned car segment contributed 35,553 units, representing 23% of total volume. The i20, CRETA, and GRAND i10 models accounted for 55% of certified pre-owned sales. In… Continue reading Hyundai’s Pre-Owned Car Sales Grow by 5.8% in 2024, Driven by Certified Program Success
Kinetic Engineering Appoints Vinayak Shevade as CFO Amid Rs 177 Crore Growth Push
Kinetic Engineering Limited (KEL) has appointed Vinayak Shevade as its Chief Financial Officer, effective February 17, 2025. Shevade, who brings over 30 years of financial management experience, will oversee the company’s financial operations and strategy implementation. The appointment comes as KEL embarks on a Rs 177 crore investment plan focused on working capital enhancement, manufacturing… Continue reading Kinetic Engineering Appoints Vinayak Shevade as CFO Amid Rs 177 Crore Growth Push
Mazda 2 supermini axed after a decade on sale
The Mazda 2 has been axed in the UK following its effective replacement by the Mazda 2 Hybrid – a rebadged Toyota Yaris. The supermini can no longer be ordered brand new, and a spokesperson for the brand confirmed to Autocar that just a “few hundred” examples remain in showrooms across the nation. It brings… Continue reading Mazda 2 supermini axed after a decade on sale
BYTES Raises Funding to Develop AI Safety System for Two-Wheelers
BYTES, a Bengaluru-based startup developing artificial intelligence-powered safety technology for two-wheelers, has secured funding from WTFund, an investment firm led by Zerodha co-founder Nikhil Kamath. The amount of funding was not disclosed. The company is creating an Advanced Driver Assistance System (ADAS) that uses computer vision and AI to detect potential hazards and provide real-time… Continue reading BYTES Raises Funding to Develop AI Safety System for Two-Wheelers
Anurag Mehrotra Appointed Managing Director of JSW MG Motor India
JSW MG Motor India has appointed Anurag Mehrotra as its Managing Director. He brings three decades of experience in sales, marketing, strategy, and business development within the automotive industry. His past roles include leadership positions at Tata Motors and Ford India. Based in Gurugram, he will focus on strategic growth and strengthening key brand pillars.… Continue reading Anurag Mehrotra Appointed Managing Director of JSW MG Motor India
Anurag Mehrotra Appointed Managing Director of JSW MG Motor India
JSW MG Motor India has appointed Anurag Mehrotra as its Managing Director. He brings three decades of experience in sales, marketing, strategy, and business development within the automotive industry. His past roles include leadership positions at Tata Motors and Ford India. Based in Gurugram, he will focus on strategic growth and strengthening key brand pillars.… Continue reading Anurag Mehrotra Appointed Managing Director of JSW MG Motor India
New Kia EV4 revealed with choice of hatch or saloon bodystyles
Kia has revealed the production design for its Volkswagen ID 3-rivalling EV4, ahead of a launch later this year. Little changed from the concept shown in 2023, the EV4 arrives to fill the gap between the EV3 hatchback and the EV5 SUV that’s due to launch in Europe soon. It will be sold primarily as… Continue reading New Kia EV4 revealed with choice of hatch or saloon bodystyles
BMW Vision Driving Experience is a radical quad-motor test mule
BMW has revealed the radical Vision Driving Experience, a quad-motor high-performance text vehicle fitted with five fans designed to suck it to the ground that is being used to hone the advanced technology that will power its next-generation of Neue Klasse electric vehicles – including the forthcoming M3 EV. While the powertrain layout, featuring four… Continue reading BMW Vision Driving Experience is a radical quad-motor test mule
Eurogrip aims for price parity with ICE in low rolling resistance tyres
TVS Group company Eurogrip Tyres, which is a leading player in the two- and three-wheeler segments in India, envisions growing demand for high wear resistance and low rolling resistance (LRR) tyres in the future. With electric two-wheelers (e-2Ws) demanding higher wear resistance properties due to the high-torque nature of the e-motor drivetrain, Eurogrip is set to fulfil… Continue reading Eurogrip aims for price parity with ICE in low rolling resistance tyres