Tag: Suzuki

Online used car platform Spinny to raise fresh funds at $150m valuation

Online used car retailer Spinny is closing a $50 million funding round with three new investors coming into an oversubscribed round, despite a wide-ranging automobile sales slump in India. The new investors include growth equity firm Norwest Venture Partners, US venture fund General Catalyst, and Fundamentum, a fund set up by Nandan Nilekaniand former Helion… Continue reading Online used car platform Spinny to raise fresh funds at $150m valuation

Competition watchdog approves Toyota Motor-Suzuki Motor Corp minority stake deal

The transaction involves acquisition of a “minority and insignificant shareholding” of 4.94 per cent by Toyota Motor in Suzuki Motor while Suzuki will hold approximately 0.24 per cent stake in the former. NEW DELHI: The Competition Commission of India on Tuesday said it has approved the minority stake purchase deal of Toyota Motor Corporation and… Continue reading Competition watchdog approves Toyota Motor-Suzuki Motor Corp minority stake deal

China-owned MG challenges Japanese dominance of SE Asian auto market

BANGKOK — Cars produced under the long-established British-brand MG by a joint venture between China’s SAIC Motor and Thailand’s conglomerate Charoen Pokphand Group are racing ahead. Since its entry into the Thai auto market dominated by Japanese carmakers several years ago, MG has gradually strengthened its presence, overtaking Japan’s Suzuki Motor in terms of market share in the first nine… Continue reading China-owned MG challenges Japanese dominance of SE Asian auto market

Maruti to bring BS-VI petrol version of Brezza, S-Cross before April 1

PTI | Nov 21, 2019, 18:41 IST India’s leading car manufacturer Maruti Suzuki will introduce a BS-VI petrol version of its two models, Brezza and S-Cross, before April 1, 2020, a company official has said. The new Bharat Stage (BS) VI fuel emission norms are set to kick in from April 1, 2020. JAIPUR: India’s… Continue reading Maruti to bring BS-VI petrol version of Brezza, S-Cross before April 1

Maruti Suzuki invites startups to participate in Mobility & Automobile Innovation program

The MAIL program is powered by GHV Accelerator and it caters to early-stage startups with innovative and customer-oriented solutions. New Delhi: Maruti Suzuki is inviting startups to participate in the third cohort of Mobility & Automobile Innovation Lab (MAIL) program, informed the company in a release. It also says that applications for the third cohort… Continue reading Maruti Suzuki invites startups to participate in Mobility & Automobile Innovation program

New car demand down, dealers use pre-registrations to meet targets

The September plate-change new car market was tough. Consumer confidence was hit, demand for new cars declined and dealers pre-registered cars to meet quarterly targets. New car registrations rose 1.3% to 343,255 units. The SMMT said it was a below-par performance following the -20.5% decline in the same month in 2018, when new emissions regulations… Continue reading New car demand down, dealers use pre-registrations to meet targets