India Auto Inc retails up 14% in January, all segments other than tractors log double-digit growth The real-world vehicle sales numbers for the first month of CY2023 are out. Total retail sales of 18,26,669 units across five vehicle categories in January 2023 reflect a 13.56% year-on-year increase (January 2022: 16,08,505 units). As per the retail… Continue reading India Auto Inc retails up 14% in January, all segments other than tractors log double-digit growth
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India Auto Inc retails up 14% in January, all segments other than tractors log double-digit growth
India Auto Inc retails up 14% in January, all segments other than tractors log double-digit growth The real-world vehicle sales numbers for the first month of CY2023 are out. Total retail sales of 18,26,669 units across five vehicle categories in January 2023 reflect a 13.56% year-on-year increase (January 2022: 16,08,505 units). As per the retail… Continue reading India Auto Inc retails up 14% in January, all segments other than tractors log double-digit growth
Bike Bazaar closes Series D equity funding of Rs 250 crore
Bike Bazaar – a leading pre-owned two-wheeler financing company has closed its Series D round of funding with a total equity raise of Rs 250 crore. The company on Monday announced that it has raised Rs 82 crores (USD 10 million) from DEG, a Germany-based development finance institution and a subsidiary of KfW Group, who… Continue reading Bike Bazaar closes Series D equity funding of Rs 250 crore
Bike Bazaar closes Series D equity funding of Rs 250 crore
Bike Bazaar – a leading pre-owned two-wheeler financing company has closed its Series D round of funding with a total equity raise of Rs 250 crore. The company on Monday announced that it has raised Rs 82 crores (USD 10 million) from DEG, a Germany-based development finance institution and a subsidiary of KfW Group, who… Continue reading Bike Bazaar closes Series D equity funding of Rs 250 crore
‘Definitely, in the year 2025 two (Kia) EV models will be locally manufactured here’: Tae Jin Park
‘Definitely, in the year 2025 two (Kia) EV models will be locally manufactured here’: Tae Jin Park With SUVs at the core of Kia’s model range in India, the South Korean car maker has taken advantage of the SUV boom and has outperformed the market with stellar growth ever since it entered India in 2018.… Continue reading ‘Definitely, in the year 2025 two (Kia) EV models will be locally manufactured here’: Tae Jin Park
‘Definitely, in the year 2025 two (Kia) EV models will be locally manufactured here’: Tae Jin Park
‘Definitely, in the year 2025 two (Kia) EV models will be locally manufactured here’: Tae Jin Park With SUVs at the core of Kia’s model range in India, the South Korean car maker has taken advantage of the SUV boom and has outperformed the market with stellar growth ever since it entered India in 2018.… Continue reading ‘Definitely, in the year 2025 two (Kia) EV models will be locally manufactured here’: Tae Jin Park
German Handelsblatt: Auto industry: Luxury strategy of BMW, Audi and Mercedes is reaching its limits006161
Mercedes-Benz plant in Tuscaloosa For car manufacturer Mercedes, pure sales are no longer so important. (Photo: Mercedes-Benz AG) After 2021, BMW sold more cars last year than its direct competitors Mercedes and Audi. In 2022, the Munich car manufacturer was able to sell a total of 2.4 million vehicles worldwide. Without the BMW brands Mini… Continue reading German Handelsblatt: Auto industry: Luxury strategy of BMW, Audi and Mercedes is reaching its limits006161
German Handelsblatt: Auto industry: Luxury strategy of BMW, Audi and Mercedes is reaching its limits006161
Mercedes-Benz plant in Tuscaloosa For car manufacturer Mercedes, pure sales are no longer so important. (Photo: Mercedes-Benz AG) After 2021, BMW sold more cars last year than its direct competitors Mercedes and Audi. In 2022, the Munich car manufacturer was able to sell a total of 2.4 million vehicles worldwide. Without the BMW brands Mini… Continue reading German Handelsblatt: Auto industry: Luxury strategy of BMW, Audi and Mercedes is reaching its limits006161
SEACEF to invest in SG-based solar developer Skye RenewablesSkye is targeting at least 300 MW of rooftop solar installation by 2028.
Southeast Asia Clean Energy Facility (SEACEF), a Singapore-based fund managed by Clime Capital, has committed to invest in Skye Renewables Holdings Pte Ltd (Skye), a commercial and industrial solar developer headquartered in the city-state. The announcement did not specify the amount SEACEF has invested but said it will support Skye’s further deployment of rooftop solar… Continue reading SEACEF to invest in SG-based solar developer Skye RenewablesSkye is targeting at least 300 MW of rooftop solar installation by 2028.
India: BYJU’s extends timeline to achieve group-level profitability to next fiscal year
BYJU’s has extended its timeline to become profitable at a group level to fiscal year 2024, from its previous target of March 2023, as India’s most valuable edtech firm continues to crack under mounting losses. In its earnings published in Oct, BYJU’s had said its top priority was to achieve overall profitability by March 2023… Continue reading India: BYJU’s extends timeline to achieve group-level profitability to next fiscal year