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<strong>Reliance power to raise USD $150 million in debt from Varde Partners</strong>-thumnail

Reliance power to raise USD $150 million in debt from Varde Partners

Varde Partners is a leading global alternative investment firm specializing in credit and credit-related assets. Varde currently manages over USD 13 billion in assets with teams in North America, Europe,

Automotive

Sep 5, 2022

<strong>Two-wheeler financing firm Bike Bazaar raises Rs. 170 crore in equity funding.</strong>-thumnail

Two-wheeler financing firm Bike Bazaar raises Rs. 170 crore in equity funding.

Pune-based Bike Bazaar caters to the commuter/utility two-wheeler segment in the domestic market, offering a range of solutions along the two-wheeler lifecycle, including financing for new and pre-owned two-wheelers as

Automotive

Sep 1, 2022

In August, Maruti Suzuki’s overall sales increased by 26% to 1,65,173 vehicles-thumnail

In August, Maruti Suzuki’s overall sales increased by 26% to 1,65,173 vehicles

Maruti Suzuki India Ltd (MSIL) said in a statement that the business sold a total of 1,30,699 vehicles in the same month last year. Maruti Suzuki India Ltd reported a

Automotive

Sep 1, 2022

Removal of AirFree Caps by Government-thumnail

Removal of AirFree Caps by Government

The upper and lowercase on airfare are introduced as a method to protect passengers from paying for overpriced tickets and weaker airlines from losing out of the competition The removal

Automotive

Sep 1, 2022

Toyota will invest $5.3 billion to increase battery production in the US and Japan.-thumnail

Toyota will invest $5.3 billion to increase battery production in the US and Japan.

The Japanese company established a two trillion dollar budget in December for the research and development of automobile batteries, which includes a portion of the funds. Toyota announced on Wednesday

Automotive

Aug 31, 2022

Suzuki Motor Corporation to setup a Suzuki R&D center in India; foundation laid for EV plant-thumnail

Suzuki Motor Corporation to setup a Suzuki R&D center in India; foundation laid for EV plant

The vehicle manufacturing facility in Kharkhoda, Haryana, will have the potential to make one million passenger vehicles per year. This would make the unit one of the largest passenger vehicle

Automotive

Aug 29, 2022

TATA sons are likely to write off Rs. 2,600 crores of AirAsia India’s accumulated losses.-thumnail

TATA sons are likely to write off Rs. 2,600 crores of AirAsia India’s accumulated losses.

Air India, earlier this year, offered to buy the entire equity share capital of AirAsia India, in which Tata Sons has an 83.67 percent stake. Air India has sought the

Automotive

Aug 24, 2022

<strong>Electrical vehicle annual sales volumes set to cross 18 million by 2030</strong>-thumnail

Electrical vehicle annual sales volumes set to cross 18 million by 2030

The FAME II incentives scheme, which was launched by the government to look into ways to make EVs cheaper and attractive to the end-users and has now been extended to

Automotive

Aug 23, 2022

<strong>US Car maker Ford Motor reportedly confirms laying off around 3,000 employees.</strong>-thumnail

US Car maker Ford Motor reportedly confirms laying off around 3,000 employees.

He has said he aims to cut $3 billion in annual costs by 2026 to reach a 10 percent pretax profit margin by then, up from 7.3 percent last year. 

Automotive

Aug 23, 2022

Indian Electric Vehicle Market To Hit Annual Sales  Of 17 Million Units by 2023-thumnail

Indian Electric Vehicle Market To Hit Annual Sales  Of 17 Million Units by 2023

The sales of electric vehicles in the Indian market are expected to expand at an annual compound rate of 49% by the end of 2030. The factors affecting petrol and

Automotive

Aug 23, 2022

The AP organizes a CEO-Ministerial dialogue in order to attract $4 billion in investment in the EV sector-thumnail

The AP organizes a CEO-Ministerial dialogue in order to attract $4 billion in investment in the EV sector

Andhra Pradesh is hosting the first-ever CEO-Ministerial Dialogue under the World Economic Forum-Moving India Network in order to attract $4 billion in investment in the EV segment. On Friday, Andhra

Automotive

Aug 5, 2022

Ride-sharing company to fire nearly 1000 employees as focus shifts to electric mobility business-thumnail

Ride-sharing company to fire nearly 1000 employees as focus shifts to electric mobility business

“Ola is planning to hire about 800 people for cars alone and additionally for cell development…,”. The source added, “Even as they are letting go of people, there are more

Automotive

Jul 29, 2022


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