There is a “renaissance of retailers” happening in the industry according to the boss of Polestar, who credits the firm’s recent increase in sales with having more physical retailers and people selling its cars. Polestar started as an online-only brand with limited physical presence but CEO Michael Lohscheller, who took the top job last October, is overseeing… Continue reading Polestar boss on 76% sales uplift and push for more showrooms
Category: US Motoring Press
Tunwal E-Motors Partners With Bajaj Finance for Customer Loans
Tunwal E-Motors Limited (NSE: TUNWAL) has signed a standard merchant agreement with Bajaj Finance Limited that will allow customers to finance their electric two-wheeler purchases. The agreement was executed on April 10, 2025, according to a regulatory filing submitted to the National Stock Exchange of India. Under the arrangement, Tunwal becomes an authorized merchant within… Continue reading Tunwal E-Motors Partners With Bajaj Finance for Customer Loans
Tunwal E-Motors Partners With Bajaj Finance for Customer Loans
Tunwal E-Motors Limited (NSE: TUNWAL) has signed a standard merchant agreement with Bajaj Finance Limited that will allow customers to finance their electric two-wheeler purchases. The agreement was executed on April 10, 2025, according to a regulatory filing submitted to the National Stock Exchange of India. Under the arrangement, Tunwal becomes an authorized merchant within… Continue reading Tunwal E-Motors Partners With Bajaj Finance for Customer Loans
Sundaram Finance Holdings to Acquire 24.16% Stake in Axles India for ₹182.68 Crore
In a significant move to strengthen its position in the automotive components sector, Sundaram Finance Holdings Limited (SFHL) announced today that its Board of Directors has approved the acquisition of a 24.16% stake in Axles India Limited from foreign promoter Dana Global Products Inc. According to the regulatory filing with the National Stock Exchange of… Continue reading Sundaram Finance Holdings to Acquire 24.16% Stake in Axles India for ₹182.68 Crore
Mercedes Benz Clocks Record FY25 Sales, Led By Top-End Models, EVs
Mercedes-Benz India has reported its highest-ever annual sales in FY25, delivering 18,928 new vehicles across the country, the company said in a press release on Thursday. The German luxury automaker attributed this milestone to strong demand for top-end luxury models, battery electric vehicle (BEV) portfolio, and a revamped retail strategy. In the March quarter, the… Continue reading Mercedes Benz Clocks Record FY25 Sales, Led By Top-End Models, EVs
GreenLine Secures $275 Million Investment to Deploy 10,000 Green Trucks Across India
GreenLine Mobility Solutions Ltd., an Essar venture and India’s only green logistics operator of LNG and electric-powered heavy commercial trucks, announced on April 10, 2025, a $275 million equity investment to accelerate the decarbonization of India’s heavy trucking sector. The funding includes a $20 million investment from entrepreneur Nikhil Kamath to support the company’s expansion… Continue reading GreenLine Secures $275 Million Investment to Deploy 10,000 Green Trucks Across India
TÜV SÜD Launches New E-Mobility Mobile Training Lab in Bengaluru
TÜV SÜD South Asia, which is a fully-owned subsidiary of the Germany-headquartered multinational testing, inspection, and certification agency, today launched its e-Mobility mobile training lab at its Bengaluru campus. The company aims to offer a range of training programmes, spread across three levels – Basic, Intermediary, and Advanced courses – to benefit participants by enhancing… Continue reading TÜV SÜD Launches New E-Mobility Mobile Training Lab in Bengaluru
NASSCOM ROUNDTABLE: Designing for Circularity in India
With an accelerated transition towards cleaner and more sustainable mobility solutions, circularity begins with design itself. It is vital to leverage key design principles to integrate recyclability and reusability aspects in products to ensure holistic circularity in the automotive ecosystem. In this roundtable discussion, experts from the NASSCOM (National Association of Software and Service Companies… Continue reading NASSCOM ROUNDTABLE: Designing for Circularity in India
Indian Road Logistics Sector Forecasts Steady Growth; Revenue to Rise 6–9% in FY2026: ICRA
ICRA has projected a stable outlook for India’s road logistics sector in the financial year 2026, estimating a revenue growth of 6% to 9%. The growth is expected to be supported by steady economic activity, increased capital expenditure, and rising consumer demand influenced by government-initiated tax reductions and anticipated interest rate cuts. For the ongoing… Continue reading Indian Road Logistics Sector Forecasts Steady Growth; Revenue to Rise 6–9% in FY2026: ICRA
Battery Smart Recognised in APAC Cleantech 25 for Battery Swapping Innovation
Battery Smart, an Indian battery-swapping network focused on electric two- and three-wheelers, has been named in the APAC Cleantech 25 list for 2025. The recognition highlights companies across the Asia-Pacific region that are developing scalable and sustainable technologies in sectors such as energy efficiency, battery innovation, and circular economy solutions. The selection was made following… Continue reading Battery Smart Recognised in APAC Cleantech 25 for Battery Swapping Innovation