In a significant development for India’s automotive sector, Park+ has announced a strategic partnership with ICICI Lombard to integrate car insurance services into its auto-tech platform. The collaboration, revealed on May 19, 2025, will enable Park+ users to access ICICI Lombard’s motor insurance solutions through a digital process designed to simplify insurance acquisition and claims.… Continue reading Park+ Partners with ICICI Lombard to Offer Digital Car Insurance
Category: US Motoring Press
Park+ Partners with ICICI Lombard to Offer Digital Car Insurance
In a significant development for India’s automotive sector, Park+ has announced a strategic partnership with ICICI Lombard to integrate car insurance services into its auto-tech platform. The collaboration, revealed on May 19, 2025, will enable Park+ users to access ICICI Lombard’s motor insurance solutions through a digital process designed to simplify insurance acquisition and claims.… Continue reading Park+ Partners with ICICI Lombard to Offer Digital Car Insurance
Calcom Vision Elevated to Large Investment Category Under Government’s PLI Scheme
Calcom Vision Limited, an Indian Original Design Manufacturer (ODM) and Electronics Manufacturing Services (EMS) provider, has been upgraded to the Large Investment category under India’s Production Linked Incentive (PLI) Scheme for White Goods, the company announced on Monday. The Department for Promotion of Industry and Internal Trade (DPIIT) approved Calcom’s increased investment commitment from ₹10… Continue reading Calcom Vision Elevated to Large Investment Category Under Government’s PLI Scheme
Hyundai India Launches Vehicle Digital Passport
Hyundai Motor India Limited (HMIL) introduced its Vehicle Digital Passport service on May 19, marking a significant development in connected car technology in the Indian market. The service creates a digital identity for Bluelink-enabled vehicles by collecting and analyzing data from vehicle telematics and service records. The Vehicle Digital Passport provides Hyundai customers with information… Continue reading Hyundai India Launches Vehicle Digital Passport
Hyundai India Launches Vehicle Digital Passport
Hyundai Motor India Limited (HMIL) introduced its Vehicle Digital Passport service on May 19, marking a significant development in connected car technology in the Indian market. The service creates a digital identity for Bluelink-enabled vehicles by collecting and analyzing data from vehicle telematics and service records. The Vehicle Digital Passport provides Hyundai customers with information… Continue reading Hyundai India Launches Vehicle Digital Passport
Minus Zero Introduces AI-Based Autopilot System for Indian Roads
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
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