Petrol hits a century, costs Rs 100.19 a litre in Mumbai

It’s a century India should not be proud of. After staying 6 paise short of the Rs 100-a-litre mark for two days at a Brandmanesque Rs 99.94, today’s hike – the 15th in May 2021 – has taken the price of petrol past Rs 100 at Rs 100.19. Since January 1, 2021, when petrol cost… Continue reading Petrol hits a century, costs Rs 100.19 a litre in Mumbai

UK firm reveals 500bhp electric 964-generation Porsche 911

The 964-generation Porsche 911 has been reborn as a 500bhp, fast-charging sports EV by Oxfordshire engineering firm Everrati. With its petrol flat six swapped for a “state-of-the-art” electric motor and fitted with a raft of lightweight carbonfibre body panels, Everrati’s Signature 911 will crack the 0-62mph sprint in less than 4.0sec and promises “to elevate the driving… Continue reading UK firm reveals 500bhp electric 964-generation Porsche 911

M&M hopeful of demand rebound as Covid-19 cases recede in Maharashtra

With Maharashtra witnessing a consistent dip in Covid-19 cases since the past few days, Mahindra & Mahindra (M&M) which has a significant operational presence in the State is certainly ecstatic. According to Rajesh Jejurikar, Executive Director (Auto & Farm sectors) at M&M, while Q1 FY2022 has certainly been a washout, the situation is expected to… Continue reading M&M hopeful of demand rebound as Covid-19 cases recede in Maharashtra

Tata buys majority stake in Alibaba-backed Indian online grocer BigBasket

Tata Sons has acquired a majority stake in online grocery seller BigBasket, putting the Indian conglomerate in a direct race with e-commerce players Amazon.com Inc, Walmart’s Flipkart, and Reliance Industries. The stake was bought by Tata Digital Limited, a unit of Tata Sons. Tata on Friday declined to give further details on the deal, while BigBasket did not… Continue reading Tata buys majority stake in Alibaba-backed Indian online grocer BigBasket

India Digest: Oxfordcaps, Cult.Fit in M&A news; Dream11 puts $50m in FanCode

Co-living platform Abuzz has acquired student accommodation startup Oxfordcaps while Tata Group is in talks to acquire health and fitness startup Cult.Fit (formerly Cure.fit). Separately, Dream11 has pumped in $50 million in its in-house sports content and commerce platform FanCode. Abuzz acquires Oxfordcaps Altruist Technologies that runs bachelor-focused co-living platform Abuzz has acquired student accommodation… Continue reading India Digest: Oxfordcaps, Cult.Fit in M&A news; Dream11 puts $50m in FanCode

Global Commercial Vehicles Market to Reach 27.9 Million Units by 2026

FACTS AT A GLANCE Edition: 15; Released: January 2021 Executive Engagements: 18096 Companies: 124– Players covered include AB Volvo; Ashok Leyland Limited; BYD; Daimler AG; Dongfeng Motor Corporation; Ford Motor Corporation; General Motors Company; Groupe Renault; Hino Motors, Ltd.; Hyundai Motor Company; Isuzu Commercial Truck of America, Inc.; Mitsubishi Fuso Truck of America, Inc.; Proterra; Scania AB; Tata Motors Ltd;… Continue reading Global Commercial Vehicles Market to Reach 27.9 Million Units by 2026

India’s construction equipment sector headed for washout in Q1 FY2022

Demand for new construction equipment, already in free-fall mode over the past few weeks, may crash up to 75 percent by end-May if the surge in Covid infections continues unabated. According to Sandeep Singh, Managing Director of Tata-Hitachi Construction Machinery, even use of existing machinery is tumbling across construction sites and could be impacted by… Continue reading India’s construction equipment sector headed for washout in Q1 FY2022

Intermap Enters Strategic Agreement with TATA Communications, Enables Major Energy Infrastructure Program in the Middle East, Expands Commercial Markets to India and Saudi Arabia

Establishes opportunity to support 80% of the world’s mobile subscribers in over 200 countries Commercial markets rebounding quickly with growing demand around the world for Intermap’s elevation data-as-a-service DENVER, May 26, 2021 /PRNewswire/ – Intermap Technologies (TSX: IMP) (OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in geospatial intelligence solutions, today announced further expansion into… Continue reading Intermap Enters Strategic Agreement with TATA Communications, Enables Major Energy Infrastructure Program in the Middle East, Expands Commercial Markets to India and Saudi Arabia

Global Commercial Vehicles Market (2021 to 2026) – by Product, End-use and Geography

DUBLIN, May 26, 2021 /PRNewswire/ — The “Commercial Vehicles Market Based on Product, End-Use and Geography – Global Forecast up to 2026” report has been added to ResearchAndMarkets.com’s offering. The Commercial Vehicles Market is predicted to grow at the rate of 6.7% CAGR by 2026. Commercial vehicles refer to those vehicles used for goods transport,… Continue reading Global Commercial Vehicles Market (2021 to 2026) – by Product, End-use and Geography

The best modern classics in this week’s Auto Express

In this week’s June special issue of Auto Express we reveal our used car superstars with 50 modern classics that you’ll want to buy and drive (and some that might even make you money). We also have exclusive images of the funky new Renault 4 hatchback, which is set to get a retro reboot and… Continue reading The best modern classics in this week’s Auto Express