Mirroring the trend in global electric passenger vehicle market, particularly Europe which saw BEVs (battery electric vehicles) record their largest YoY decline since January 2017 – of 36% in August – demand for electric cars, SUVs and MPVs in India fell to a 19-month low of 5,733 units in September 2024. This is a year-on-year… Continue reading Electric car and SUV sales in September lowest in 19 months: 5,733 units
Tag: M and A
Toyota Kirloskar Motor registers 14% growth in September 2024
Toyota Kirloskar Motor (TKM) has continued its upward sales trend with a 14% increase in wholesale figures for September 2024 compared to the same period last year. The company sold a total of 26,847 units during the month, comprising 23,802 domestic sales and 3,045 exports. In September 2023, TKM sold 23,590 units. In the first… Continue reading Toyota Kirloskar Motor registers 14% growth in September 2024
Ashok Leyland signs MoU with FlixBus India
Ashok Leyland signed a Memorandum of Understanding (MoU), with FlixBus India for inter-city mobility through technology and innovation in high-capacity vehicles. Under this partnership, FlixBus’s operating bus partners will have access to Ashok Leyland’s advanced chassis and after-sales services, ensuring seamless operations across the country. Ashok Leyland and FlixBus will provide travel options while empowering local bus… Continue reading Ashok Leyland signs MoU with FlixBus India
@Hyundai: Record-Breaking September for Kia America’s All-Electric and Plug-In Hybrid Models
Kia’s EV and PHEV models each set new September sales records, increasing 43- and 11-percent, respectively, over the same period last year Sportage, Forte, Carnival and Seltos achieve the best-ever year-to-date September sales Kia America closed September with sales of 58,913 units led by significant gains and record-setting sales performances by the brand’s broad lineup… Continue reading @Hyundai: Record-Breaking September for Kia America’s All-Electric and Plug-In Hybrid Models
Exness scores big with LALIGA: Landmark event marks Latin American partnership
LIMASSOL, Cyprus, Oct. 1, 2024 /PRNewswire/ — Exness, a global leader in multi-asset brokerage, showcased its role as LALIGA’s Official Regional Partner in Latin America with a spectacular event this weekend. The celebration drew hundreds of enthusiastic football and trading fans, highlighting the powerful fusion of sports and finance. This landmark gathering underlined Exness’s commitment… Continue reading Exness scores big with LALIGA: Landmark event marks Latin American partnership
ResourceWise Launches Forest Trackt™: A Comprehensive Solution for EUDR Compliance
CHARLOTTE, N.C, Oct. 1, 2024 /PRNewswire/ — ResourceWise®, a leading provider of pricing, market intelligence and sustainability solutions, is proud to announce the launch of Forest Trackt™, an end-to-end compliance solution designed to help companies adhere to the European Union Deforestation Regulation (EUDR). This innovative technology is set to transform how businesses demonstrate supply chain… Continue reading ResourceWise Launches Forest Trackt™: A Comprehensive Solution for EUDR Compliance
JD.com kickstarts process to spin off industrials unit ahead of HK listingJingdong Industrials had planned to raise $1b on HKEX last year.
China’s Jingdong Industrials, part of e-commerce giant JD.com, has renewed its Hong Kong initial public offering ambitions, lodging an application with the city’s stock exchange to carry out a share offering, according to regulatory filings. JD.com announced in March last year it would spin out its industrial and property businesses into separate businesses but neither… Continue reading JD.com kickstarts process to spin off industrials unit ahead of HK listingJingdong Industrials had planned to raise $1b on HKEX last year.
Singapore’s Azalea closes two funds above target raising a combined $480mACF I and AGF I closed at $268m and $212m, respectively.
Singapore-based Azalea Investment Management has secured the final closes of two funds—Altrium Co-Invest Fund I (ACF I) and Altrium Growth Fund I (AGF I)—raising a combined $480 million. Both the funds surpassed their target of $200 million each. According to an announcement on Oct. 1, ACF I received $268 million and AGF I closed with… Continue reading Singapore’s Azalea closes two funds above target raising a combined $480mACF I and AGF I closed at $268m and $212m, respectively.
RECORD-BREAKING SEPTEMBER FOR KIA AMERICA’S ALL-ELECTRIC AND PLUG-IN HYBRID MODELS
Kia’s EV and PHEV models each set new September sales records, increasing 43- and 11-percent, respectively, over the same period last year Sportage, Forte, Carnival and Seltos achieve the best-ever year-to-date September sales IRVINE, Calif., Oct. 1, 2024 /PRNewswire/ — Kia America closed September with sales of 58,913 units led by significant gains and record-setting sales… Continue reading RECORD-BREAKING SEPTEMBER FOR KIA AMERICA’S ALL-ELECTRIC AND PLUG-IN HYBRID MODELS
TaylorMade Golf Reduces Label Files & Increases Labeling Accuracy with TEKLYNX
AUCH, France, Oct. 1, 2024 /PRNewswire/ — TEKLYNX International, known globally for helping companies barcode better with their labeling software and industry-leading customer support, today released a case study highlighting how their label design and print automation solutions, CODESOFT and SENTINEL, helped TaylorMade Golf replace label files with smart label templates and increase labeling accuracy to… Continue reading TaylorMade Golf Reduces Label Files & Increases Labeling Accuracy with TEKLYNX