They’re still rugged and utilitarian workhorses at heart, but the best pick-up trucks on today’s market are far more refined than their Spartan ancestors. With vastly improved ride quality, plush interiors, top-notch technology and even a few hints of luxury, many modern pick-ups are now genuinely considered suitable for use as a day-to-day car. Manufacturers… Continue reading Best pick-up trucks 2024
Category: US Motoring Press
Ascend Capital raises Rs 50 crore in Series A led by Infoedge, Asha Ventures
Ascend Capital a Jaipur-based NBFC focused on EV financing, has raised Rs 50 core in a Series A round led by Infoedge Ventures and Asha Ventures. Founded by IIT Madras batchmates Lokesh Chandra and Gaurav Maheshwari, Ascend in its initial years, had focused on a single geography and became one of its leading players while… Continue reading Ascend Capital raises Rs 50 crore in Series A led by Infoedge, Asha Ventures
Eicher Motors reports 34% jump in net profit at Rs 996 crore during Q3FY24
Eicher Motors Limited on Tuesday reported a consolidated net profit of Rs 996 crore during Q3 FY24, a jump of 34% when compared with Rs 741 crore in Q3 FY23. The company’s revenue from operations stood at its highest ever at Rs 4,179 crore during Q3 FY24, up 12% as against a similar period last… Continue reading Eicher Motors reports 34% jump in net profit at Rs 996 crore during Q3FY24
Rapido launches subscription fee model for auto taxi drivers
In a bid to attract more offline auto drivers, Bengaluru-based ride-hailing company Rapido today has launched a subscription fee model for three-wheeler taxi service drivers on its platform. This replaces its existing model of levying commission on each ride. “We are changing the business model into a SaaS model where we are giving our product… Continue reading Rapido launches subscription fee model for auto taxi drivers
Toyota says President, Chairman of Daihatsu unit to step down: Report
Toyota Motor Corp stated on Tuesday that not only the president but also the chairman of Daihatsu Motor will step down, Reuters reported. This development comes nearly a year after the small car unit confessed to rigging collision safety tests, the newsire stated. These exits are among the most extreme that Daihatsu has made so… Continue reading Toyota says President, Chairman of Daihatsu unit to step down: Report
Revenue growth in auto component industry to moderate to 5-7% in FY2025: ICRA
Rating agency ICRA projects its sample of 45 auto ancillaries (with aggregate annual revenues of Rs 2,70,000 crore in FY2023) to grow by 9-11% in FY2024, driven by healthy domestic demand despite a high base and moderate growth in exports. For FY2025, the growth is expected to be relatively lower to 5-7%, with likely moderation… Continue reading Revenue growth in auto component industry to moderate to 5-7% in FY2025: ICRA
Naveen Patnaik launches affordable bus services in 5 additional districts of Odisha: PTI
Odisha Chief Minister Naveen Patnaik launched affordable bus services to remote areas in five additional districts in the state, PTI reported. The Chief Minister has launched the bus service under LAccMI (Location Accessible Multi-modal Initiative) in Bolangir, Bargarh, Bhadrak, Mayurbhanj and Sundergarh districts through video conferencing from Bhubaneswar, PTI noted. The LAccMi bus service connecting… Continue reading Naveen Patnaik launches affordable bus services in 5 additional districts of Odisha: PTI
Tata Elxsi unveils new global design and engineering centre in Pune
Design and technology services provider Tata Elxsi has unveiled a new global design and engineering centre in the Sukhwani Business Hub, Chinchwad, in Pune. The new centre is specifically tailored to cater to the technology and digital transformation priorities of key automotive OEMs and Tier 1 suppliers. It will house over 1000 engineers, designers and… Continue reading Tata Elxsi unveils new global design and engineering centre in Pune
Tata Motors slashes Nexon.ev price by up to Rs 120,000, Tiago.ev by Rs 70,000
Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors, the market leader in the electric passenger vehicle segment with an over 70% share, has slashed prices of two of its high-selling models – the Nexon.ev and the Tiago.ev – as a result of reduced battery prices. While the starting price of the Medium… Continue reading Tata Motors slashes Nexon.ev price by up to Rs 120,000, Tiago.ev by Rs 70,000
Tata Motors slashes Nexon.ev price by up to Rs 120,000, Tiago.ev by Rs 70,000
Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors, the market leader in the electric passenger vehicle segment with an over 70% share, has slashed prices of two of its high-selling models – the Nexon.ev and the Tiago.ev – as a result of reduced battery prices. While the starting price of the Medium… Continue reading Tata Motors slashes Nexon.ev price by up to Rs 120,000, Tiago.ev by Rs 70,000