Erisha E Mobility Private Limited, a venture under Rana Group, has secured a $1 billion investment from a UAE-based investor to expand its operations globally, the company announced Monday. The investment will fund Erisha’s expansion into the UAE, Saudi Arabia, USA, Europe, and several African nations, while strengthening its existing business in India. The capital… Continue reading Erisha E Mobility Secures $1 Billion Investment from UAE Investor
Category: US Motoring Press
Poonawalla Fincorp Expands into Commercial Vehicle Loan Segment
Poonawalla Fincorp Limited (PFL), a non-banking finance company promoted by the Cyrus Poonawalla Group, announced on Monday the launch of its Commercial Vehicle (CV) Secured Loan Business, expanding its product portfolio into the transportation financing sector. The new offering will provide loans for Small, Light, and Intermediate & Heavy Commercial Vehicles from all major manufacturers,… Continue reading Poonawalla Fincorp Expands into Commercial Vehicle Loan Segment
Mahindra Unveils XUV700 Ebony Limited Edition in India
Mahindra & Mahindra Ltd. has introduced the XUV700 Ebony Limited Edition in India, featuring a distinctive black-and-silver aesthetic. Launched on March 17, 2025, the new variant is priced from ₹19.64 lakh (ex-showroom) and builds upon the standard XUV700 with specialized design elements. The Ebony Edition comes with a Stealth black exterior complemented by brushed silver… Continue reading Mahindra Unveils XUV700 Ebony Limited Edition in India
How firms are putting a new spin on EV motor tech
The problems associated with rare and difficult-to-obtain materials – as used in motors that power electric cars as well as batteries – provide a good reason for focusing on recycling and finding alternatives. Most EVs have permanent magnet synchronous motors (PMSMs), where the rotor has permanent magnets embedded in it that are attracted to a rotating… Continue reading How firms are putting a new spin on EV motor tech
Radical Renault 5 Turbo 3E is ‘mini-supercar’ with 533bhp
The motors draw their power from a 70kWh battery pack that is fitted in a way that optimises agility and offers “spectacular” drift capabilities, claims Renault. It even has a dedicated drift mode and a rally-style vertical handbrake. The battery pack is good for a range of 250 miles, although Renault has admitted that it will… Continue reading Radical Renault 5 Turbo 3E is ‘mini-supercar’ with 533bhp
Turno and ThunderPlus Partner to Build 1 MW EV Charging Network on Indian Highways
Turno and ThunderPlus have formed a strategic partnership to deploy 1 megawatt ultra-fast charging stations along major Indian highways, beginning with the Hyderabad to Vizag route. The collaboration aims to address range anxiety issues and accelerate the adoption of electric buses and heavy commercial vehicles. The initiative is part of ThunderPlus’ ‘One District, One Thunder’… Continue reading Turno and ThunderPlus Partner to Build 1 MW EV Charging Network on Indian Highways
Honda Updates Shine 100 Motorcycle with OBD2B Compliance and New Styling
Honda Motorcycle & Scooter India (HMSI) has released an updated version of its Shine 100 motorcycle that now complies with OBD2B emission regulations and features enhanced styling elements. The 2025 model is priced at Rs. 68,767 (ex-showroom, Delhi) and is currently available at HMSI dealerships nationwide. The refreshed Shine 100 maintains its 98.98cc single-cylinder air-cooled… Continue reading Honda Updates Shine 100 Motorcycle with OBD2B Compliance and New Styling
Maruti Suzuki To Hike Prices by up to 4% from April
Maruti Suzuki India Limited has announced plans to increase the prices of its vehicles by up to 4% starting April 2025. The price hike, which will vary across models, comes in response to rising input costs and operational expenses, according to a regulatory filing by the company on March 17, 2025. In its communication to… Continue reading Maruti Suzuki To Hike Prices by up to 4% from April
Valeo’s EvenLED technology wins 2025 Road Safety Innovation Award
Valeo, a global leader in automotive lighting systems, has won the 2025 Innovation award in the ‘Infrastructure and Vehicle Improvement’ category from Sécurité Routière — the French national road safety authority — for its innovative EvenLED technology used in the design of vehicle front and rear signaling systems. Effective vehicle lighting systems play a crucial… Continue reading Valeo’s EvenLED technology wins 2025 Road Safety Innovation Award
Maruti XL6 is third Nexa utility vehicle to clock 200,000 sales
The Maruti XL6, the heavily modified premium avatar of the Maruti Ertiga, has clocked 200,000 sales in the domestic market, 66 months or five-and-a-half years after its launch in August 2019. From launch through to end-February 2025, a total of 202,602 XL6s have been dispatched to Maruti dealers across India. As the six-fiscal data table… Continue reading Maruti XL6 is third Nexa utility vehicle to clock 200,000 sales