The entry-level car market is struggling to revive and the booming used car market could be one of the major reasons impacting the sales of new entry-level cars. “There is pressure possibly from the used-car industry on the entry-level segment. There are structural changes, which seem to be happening,” Shailesh Chandra, President of the Society of… Continue reading Used car market impacting new entry-level car sales: SIAM President
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Indian fine jewellery maker GIVA shines with $30m extended Series B roundThe funding round facilitated the partial exit of A91 Partners and India Quot…
Indian fine jewellery retailer GIVA Jewellery on Monday said it has raised Rs 255 crore ($30.4 million) in its extended Series B round led by Premji Invest, Epiq Capital, Edelweiss Discover Fund, and the top management of GIVA. The funding round, comprising 35% primary investment and 65% secondary investment, facilitated the successful partial exit of… Continue reading Indian fine jewellery maker GIVA shines with $30m extended Series B roundThe funding round facilitated the partial exit of A91 Partners and India Quot…
Right time to phase out EV subsidies once penetration hits 20%: SIAM President
The right time to start phasing out the government’s demand subsidy for electric vehicle buyers is once the penetration in a particular vehicle category reaches 20%, according to Shailesh Chandra, the newly elected president of the Society of Indian Automobile Manufacturers. He is of the opinion that the government subsidies should continue till a sufficient number… Continue reading Right time to phase out EV subsidies once penetration hits 20%: SIAM President
‘FY25 a consolidation year, expect a sub-5% growth in PV segment’: Shailesh Chandra
The Managing Director of Tata Motors Passenger Vehicles, Shailesh Chandra, who is also the newly-elected president of the Society of Indian Automobile Manufacturers (SIAM), is hopeful that the festive season will spur demand for passenger vehicles (PVs), which reported a flat performance in the first six months of the financial year. As per SIAM, PV… Continue reading ‘FY25 a consolidation year, expect a sub-5% growth in PV segment’: Shailesh Chandra
Passenger vehicle wholesales flat at 2.08 million units in H1 FY25, UVs grab 64% of PV market
The overall passenger vehicle (PV) segment which comprises hatchbacks, sedans and utility vehicles, as expected, has registered flat wholesales of just 0.5% in the April-September 2024 period. As per the PV OEM dispatch data released by industry body SIAM, all 16 OEMs dispatched a total of 20,81,143 units, just 10,183 units more than they did… Continue reading Passenger vehicle wholesales flat at 2.08 million units in H1 FY25, UVs grab 64% of PV market
DriveNets Expands Partner Ecosystem in India
NMSWorks, Teleindia and Nuvem Labs partnering with DriveNets to accelerate solution delivery and customer support, and expand DriveNets Network Cloud’s global customer base NEW DELHI, Oct. 14, 2024 /PRNewswire/ — DriveNets – a leader in innovative networking solutions – today announced it is expanding its partner ecosystem in India with the addition of NMSWorks, Teleindia and Nuvem Labs to its… Continue reading DriveNets Expands Partner Ecosystem in India
Citroen Basalt scores 4-stars in latest Bharat NCAP crash test
Bharat NCAP has released results for the fifth model it has tested, the Citroen Basalt, which has managed to score a 4-star rating. The SUV-coupe has become the first model, outside of the four Tata SUVs (Harrier, Safari, Nexon EV, and Punch EV) to be tested by BNCAP, and also the first to get less… Continue reading Citroen Basalt scores 4-stars in latest Bharat NCAP crash test
Bill Ford pays tribute to Ratan Tata, clarifies ‘Detroit meeting’ stories
When a great figure passes, it is usual for well-wishers and the media to remember and recount various incidents from the person’s life to serve as a motivation for others. The passing away of Padma Vibhushan Ratan Naval Tata, one of India’s tallest industrialists and the erstwhile chairman of Tata Group, has been no exception.… Continue reading Bill Ford pays tribute to Ratan Tata, clarifies ‘Detroit meeting’ stories
Bill Ford pays tribute to Ratan Tata, clarifies ‘Detroit meeting’ stories
When a great figure passes, it is usual for well-wishers and the media to remember and recount various incidents from the person’s life to serve as a motivation for others. The passing away of Padma Vibhushan Ratan Naval Tata, one of India’s tallest industrialists and the erstwhile chairman of Tata Group, has been no exception.… Continue reading Bill Ford pays tribute to Ratan Tata, clarifies ‘Detroit meeting’ stories
Maharashtra, Tamil Nadu, UP and Delhi top buyers of electric LCVs in January-September
Demand for electric commercial vehicles in India is on the rise and cumulative nine-month sales between January-September 2024 at 7,923 units is a marked increase of 149% YoYv (January-September 2023: 3,183 units). Furthermore, the e-CV industry has already surpassed entire CY2023 sales of 5,011 units and could set a new record of over 10,000 units… Continue reading Maharashtra, Tamil Nadu, UP and Delhi top buyers of electric LCVs in January-September