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EV ownership process stumbles on poor access to finance; experts call for end-to-end collaboration New Delhi: Poor access to finance is the single largest stumbling block for the potential buyers of (EVs) in India, though all other factors for the EV ecosystem are gathering strength. The demand is growing and many OEMs... |
can complement the USD 300 million facility and encourage the financial sector to mobilize necessary capital. “Everybody is testing the waters at the moment. But I do believe that at some stage the government has to provide a big push that incentivizes people to start lending in this space. Otherwise, it will become ve... |
India's imports from OPEC at all-time low as Russian oil buy peaks' New Delhi: Oil producers cartel 's share in 's oil imports fell to an all-time low of 46 per cent in April as purchases of cheaper peaked, industry data showed. Organization of the Petroleum Exporting Countries (OPEC) nations, mainly in the Middle East... |
of fulfilling their term contracts," Huang said. Russia is selling record amounts of crude oil to India to plug the gap in its energy exports after the banned imports in December. In December, the EU banned Russian seaborne oil and imposed a USD 60-per-barrel price cap, which prevents other countries from using EU ship... |
Insurance companies to pay Rs 3 crore in 2016 road accident case : In one of the highest payouts in an accident claims case, a Motor Accident Claims Tribunal ordered two insurance companies to pay a compensation of around Rs 3 crore to the Bhandup-based 65-year-old woman, mother of a Kotak Mahindra Bank Ltd executive w... |
Hyundai reserves 35% shares of IPO for retail investors , in its latest Initial Public Offering (IPO), is set to dilute approximately 17.5% of its stake, the company informed the SEBI in a filing on Tuesday. The IPO includes an Offer for Sale of up to 142,194,700 equity shares, each with a face value of INR 10. The com... |
Audio Interview: The Future of Global Work: Virtual, Hybrid or In-Office Options to Consider GlobalAutoIndustry.com’s latest Audio Interview "The Future of : Virtual, Hybrid or In-Office Options to Consider" features Allen C. Koski is President of Insured Nomads, the first insurtech in global benefits. Previously Allen... |
Texas sues GM for allegedly violating drivers' privacy has been sued by the state of Texas, which accused the automaker of installing technology on more than 14 million vehicles to collect data about drivers, which it then sold to insurers and other companies without drivers' consent. Texas Attorney General said Tuesda... |
FADA to study ways to improve ties with F&I co.s for better customer service New Delhi: The automobile retail is becoming a core business in India with the multiplicity of OEM brands, their variants, different fuel options, and electric vehicles. Dealers have to deal with not only the OEMs but also with the finance and... |
to help dealers and end-consumers, the release said. The study will cover three broad sectors – Retail, Wholesale, and Finance and Insurance. Within each of the sectors Dealer Principals will be requested to choose the most preferred partners and rate them on different attributes and factors related to services offered... |
An average Indian spent 59 minutes to commute one way to work in 2023: Report Indian employees may be working fewer days from office thanks to hybrid work arrangements, but they are spending more time commuting than in pre-pandemic days as the distance to the workplace and the traffic on road have increased, says a new... |
time from home to office is seen as a big challenge, and perhaps a key cause of resistance to 100% work from office, said Maneesh Menda, head of human resources, international hubs, at UK banking and insurance holding company NatWest Group. "Most of the Tier 1 cities in India have large-scale infrastructure upgrade pro... |
AI to use numberplate, detect 19 different violations on road Getting away with breaking laws on the road might become more difficult now. Artificial intelligence-powered cameras capable of checking 19 violations, including helmetless riding, three riders on a two wheeler and not using the seat belt, will soon be insta... |
the red light or stop line at intersections. Experts are optimistic these cameras will rein in habitual rule breakers. Professor PK Sarkar, former head, transport planning, School of Planning Architecture, said, “Artificial Intelligence technologies will be handy for traffic management in Delhi because they have been g... |
Indian stocks top Asian markets, strong economic growth fuels hope By Ankur Banerjee In a year when Indian equities emerged as the best performers in Asia and the country took advantage of a structural shift in supply chains from a pandemic-hit China, forecasts of robust economic growth are set to keep stocks on a firm... |
and Washington remain mired in trade tensions and supply chains shift due to production disruptions from China's zero-COVID policy, which has only started to ease recently, India has been winning business. Apple said it will manufacture iPhone 14 in India, while a key supplier Foxconn plans to quadruple the workforce a... |
Tesla to keep output at upgraded Shanghai plant below maximum SHANGHAI: Tesla plans to hold production at its at about 93% of capacity through the end of year, despite a recent upgrade, two people with knowledge of the matter said, in a rare move for the U.S. maker of . Since the plant opened in its second largest mark... |
Scratched EV battery? Your insurer may have to junk the whole car For many , there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles - leading to higher premiums and undercutting gains from going electric. And now those batter... |
data. Insurers, leasing companies and car repair shops are already fighting with carmakers in the EU over access to lucrative connected-car data. Lauterwasser said access to EV battery data is part of that fight. Allianz has seen scratched battery packs where the cells inside are likely undamaged, but without diagnosti... |
"may sometimes make replacing a battery unfeasible." There are a growing number of repair shops specializing in repairing EVs and replacing batteries. In Phoenix, Arizona, Gruber Motor Co has mostly focused on replacing batteries in older Tesla models. But insurers cannot access Tesla's battery data, so they have taken... |
Cars, aircraft and trains: Sanctions-hit Russia asks India to send parts for 500 products NEW DELHI: Moscow has sent India a list of more than 500 products for potential delivery including parts for cars, aircraft and trains, four sources familiar with the matter said, as sanctions squeeze Russia's ability to keep vita... |
is also demand for bumpers, seatbelts and infotainment systems. For aircraft and helicopters, Russia requested 41 items including landing gear components, fuel systems, communication systems and fire extinguishing systems, life jackets and aviation tyres. Also on the list were raw materials to produce paper, paper bags... |
No special policy for Tesla; can seek incentives under existing schemes: Govt official The government so far is not looking to frame a separate policy for providing incentives to US-based electric car maker , and the company can apply to avail support measures under existing schemes like for auto and advanced chemistry... |
Burnt-out cargo ship with luxury cars sinks off Portugal's Azores LISBON -A burnt-out cargo ship carrying thousands of , including Porsches and Bentleys, sank on Tuesday off the archipelago nearly two weeks after it caught fire, a port official said. Joao Mendes Cabecas, the captain of the nearest port on the island of... |
Nasscom-Deloitte study spots future growth sectors in Digital Engineering Bengaluru: Digital platforms and tools have been reshaping connections among businesses, clients, employees, and employers in recent years. Across sectors, industry leaders observed a consistent increase in in (DE) endeavours. India has establish... |
science and engineering talent, and attempts to digitally empower society and enterprises." About the digital engineering ecosystem in India, Keerthi Kumar, Partner, Deloitte India, said , “India is well positioned to take the pole position in the Digital Engineering domain. Being home to the biggest market for digital... |
Road accident victims to get free cashless treatment: Nitin Gadkari Union Minister for Road Transport and Highways, , said that the govt has implemented a scheme to provide to victims of road accidents. The minister informed the Parliament on Thursday that the has developed a scheme and begun implementing it on a pilot... |
Tesla set to report record quarterly vehicle deliveries, fueled by incentives is set to report record vehicle deliveries, after the top electric vehicle maker increased discounts and other incentives to boost sales in the face of economic uncertainty and rising competition. Tesla is expected as early as this weekend to... |
India notifies overseas investment rules and regulations to boost ease of doing business 's finance ministry today notified rules and regulations for overseas investment by Indian entities in a bid to enhance the ease of doing business, according to a finance ministry statement. by a person resident in India is governe... |
Acko to use e-history, cell brand to rate non-life plans Mumbai: Digital insurer Acko is looking at dynamic pricing of insurance plans such as motor policies by using a host of customer data, including their credit scores, online behaviour and the brand of phone they use. In , if two vehicles are identical, an insurer ... |
cover fire, marine or crop insurance. Even in the retail segment, its focus is the upwardly mobile customers who are digitally active, believed to be around 10 crore. Founded in 2016 by Varun Dua and Ruchi Deepak, is a pure digital cover provider. In October 2021, Acko raised $255 million through its holding company in... |
Oil prices spike after Russia announces 5 per cent oil output cut in March will cut oil production by 500,000 barrels per day, or around 5 per cent of output, in March, Deputy Prime Minister Alexander said on Friday, after the West slapped price caps on Russian oil and oil products. The G7, the and Australia agreed to ... |
Some cars' systems designed to keep drivers' eyes on the road fail - AAA study By Tina Bellon Some vehicles equipped with aimed at keeping drivers alert and watching the road fail at that job, an found on Tuesday. The AAA study said monitoring systems that rely only on how drivers' handle the steering wheel were not su... |
Startup Gatik says it will put self-driving trucks on the road in Kansas Autonomous delivery truck on Thursday said it will be putting its box trucks on the road in Kansas after state officials gave it and its partner and customer Walmart Inc the go-ahead. Kansas Governor on Friday signed into law a bill permitting use... |
Salvage team boards burnt ship with luxury cars off Azores, towing begins LISBON: More than a week after a ship packed with luxury cars caught fire in the middle of the Atlantic Ocean, a managed to board the vessel on Friday and started to tow it to a safe location off the Portuguese Azores archipelago. In a statement,... |
Rupyy, part of CarDekho Group, appoints Vineet Tripathi as CBO New Delhi : , a leading lending fintech platform in the financing industry, has appointed as its Chief Business Officer (CBO). In his new role, Tripathi will oversee the business growth and expansion plans at Rupyy. Tripathi is a seasoned retail finance pro... |
Oil climbs on supply jitters as EU plans Russian oil ban LONDON: Oil prices extended gains on Thursday on supply concerns after the laid out plans for new sanctions against Russia, including an embargo on crude in six months, offsetting concerns over weaker Chinese demand. Brent crude was up 36 cents, or 0.3 per cent, ... |
South Africa partners with Dutch, Danish govts on green hydrogen fund and the governments of the and Denmark on Tuesday launched a USD 1 billion green hydrogen fund to help kick-start an industry seen as critical to the country's decarbonisation efforts. South Africa's energy transition plan envisages setting up an eco... |
Awareness boosts helmet use among kids from 28% to 95%, says survey : Even as the have begun a strict crackdown on motorists riding without helmets, a nationwide survey by an insurance firm hsas shown that educating children on safe riding results in a spike in helmet usage not only among them, but among their parents ... |
UK insurers face crackdown for undervaluing cars in damage claims LONDON - Britain's financial watchdog on Friday warned insurers against undervaluing cars and other items when customers submit a damage claim and said it was taking unspecified action against firms breaking its rules. The said it has evidence that some ... |
FM exhorts India Inc to open up their purse for sustained growth New Delhi: Finance Minister on Saturday exhorted India Inc to take advantage of announcements made in Budget and "quickly" step up so that the virtuous cycle of investment gathers momentum. Addressing members of CII, she said increase in capex in the Budg... |
as well as making credit available. The government has ensured availability of nutrients and fertilisers at affordable prices, despite the increase in global prices, she said, adding, multiple welfare schemes have provided support for housing, cooking gas, electricity, healthcare etc. Responding to the lower allocation... |
Formal job creation jumped by 16.4% in December 2021 in India jumped by 16.4% in December 2021 with 1.46 million net new subscribers added to the Employees Provident Fund Organization compared to 1.25 million added in December 2020, shows the provisional payroll data released on Sunday. Month-on-month, registered a gro... |
From textiles and fashion to EV batteries, this company is making the grand transition They are better known for their textile and garment business but lured by the growth prospects of electric vehicles in India, of Rajasthan is betting big on EV batteries, which it believes will be the driver of growth for the group i... |
years, because otherwise it will never be in focus. We have to see this as a serious business," he said. "What we are really trying from our end is to have the most fast moving cutting edge systems integrator, which any of the big companies will need to build a technology. We will watch the big players and if they have... |
Centre proposes to keep vehicle insurance premium unchanged for most categories The centre has proposed keeping the rates of motor third party unchanged, across most categories, for the financial year 2023-24. According to a draft notification for the same, slightly lower premium rates have been proposed for three-whee... |
Landmark Cars shares jump 8% on dealership agreement with M&M Shares of jumped 8% to INR 783 in Friday's intraday trade on BSE after the firm signed a dealership agreement with Mahindra & Mahindra. " Cars has signed a Letter of Intent with Mahindra and Mahindra for opening a dealership in Howrah in the state of West Be... |
Here’s why your EV might need a little extra care this monsoon EVs are having a rapid run in India. According to a report by the Federation of Automobile Dealers Association (FADA), the sale of retail electric vehicles (EV) saw a sharp three-fold jump in during 2021-2022. In the fiscal year 2022, over four lakh retail ... |
dry and covered place away from the rain such as a shed or a garage. Though chargers are methodically tested to meet certain safety standards, always ensure that the charger plug and port are dry and clean. As an added precaution, avoid charging during extreme weather conditions such as heavy thunderstorms or lightning... |
you covered on government-mandated EV norms but also provide you with extra covers that are extremely beneficial in the long run. Here’s how some of these benefits can help you avoid out-of-pocket expenses. 1. Own-damage cover It is legally mandated to have third-party liability cover for your EV. Currently, EVs also e... |
FADA raises concern over car inventory build-up, seeks to reach out to SIAM New Delhi: The passenger vehicle (PV) segment clocked wholesales of 42 lakh units in the domestic market during the fiscal year to March 2024. Now, two months after the new financial year, the dealers are feeling the heat of the high base of th... |
push should continue; second, a reduction of GST for entry level vehicles and third; continuity of FAME-3 policy. Sharing his views, Rajan Pental, Executive Director, Yes Bank, also agreed there has been an increase in stock levels in the last few months and the stocks are being maintained with high interest rates. “A ... |
MEA to take a call on allowing US-sanctioned ships carrying Russian crude India’s will take a call on whether to allow the entry of ships recently sanctioned by the United States (US) , a top government official said. Three vessels - Kazan, Ligovsky Prospect, and NS Century - registered with United Arab Emirates-based ... |
Road ministry issues new rules on road accident reporting for claim settlement The on Thursday said it has issued a notification to mandate the procedure for detailed investigation of road accidents, detailed accident report (DAR) and its reporting along with timelines for different stakeholders for quick settlement of... |
Oil prices continue climb on strong crude demand, weaker dollar By Laura Sanicola continued to rise in early Asian trade on Thursday after surging more than 3% in the previous session, driven by record U.S. crude exports and a weaker U.S. dollar. Brent crude futures rose 25 cents, or 0.3%, to $95.94 a barrel by 0015 GM... |
Russia's oil export ban may bolster India crude imports Moscow's decision to ban oil exports to potential Western buyers supporting a price cap will likely boost Indian imports of , industry executives told ET. The West, which insists on a strict price cap on supplies from Moscow, has already imposed a ban on the bulk ... |
UK car insurance premiums to be volatile after rising in Q4: Survey The cost of a comprehensive policy in Britain is expected to be volatile this year, after rising 5% in the final quarter of 2021 as more drivers took to roads on easing COVID-19 curbs, a survey showed on Wednesday. Motorists now have to pay 539 pounds ... |
Private buses to 'merge' with KTC fleet, schemes same PANAJI: Commuters using private buses can soon avail of all the schemes of Kadamba Transport Corporation ( ), including the monthly pass, free travel for disabled passengers, and concessional rates for students and senior citizens. The state government has decided t... |
Audi India opens new Audi approved: plus facility in Bengaluru New Delhi: Audi, the German luxury car manufacturer, Friday inaugurated a new pre-owned car facility, : plus, in Bengaluru. The showroom is located at #4E, , Puttappa Industrial Estate, White Field Road, Mahadevapura Bengaluru, Karnataka 560048. This inaugu... |
Will never give company-specific incentives in EV sector, govt official on Tesla's demand New Delhi: will never provide company or enterprise-specific incentives in the electric vehicle sector, a top government official said on Friday, amid a push from American electric carmaker for special sops to set up its factory i... |
The government has rolled out production-linked incentives (PLI) schemes (PLI) for advanced chemistry cell (ACC) battery storage with an outlay of Rs 18,100 crore and Rs 26,058 crore PLI scheme for auto, auto-components and drone industries. In August 2021, Musk said Tesla might set up a manufacturing unit in India if ... |
Maruti Suzuki Grand Vitara S-CNG now available at NEXA New Delhi: Introduced as "a new breed of SUVs," the Grand Vitara was launched to revolutionize the SUV space in India. Having received an overwhelming response from customers owing to its multi-product offering with Intelligent Electric Hybrid, Progressive Smart Hy... |
RBI focused on growth, seen lagging on inflation fight MUMBAI: Inflation is picking up in India, but the country's central bank is likely to maintain its loose policy even as its global peers raise rates, potentially forcing it to play catch-up aggressively later, economists and analysts say. This view represents a shi... |
RBI must "be vigilant for broader inflationary pressures." "Higher uncertainty would reduce room for error and markets would have to price in higher chances of a policy mistake," he said. Risks of eventual economic overheating suggest market interest rates must rise while the rupee should weaken, he said. |
BYD reduces shifts at two electric vehicle plants in China has reduced shifts at two plants in , people with knowledge of the matter told Reuters, in a sign of how weaker demand in the world's largest auto market is affecting its best-selling electric vehicle brand. BYD, which outsells in China, asked some of the worke... |
year earlier, the company has said. But retail sales, based on insurance registration data, showed slower growth of 66%, data from China Merchants Bank International showed. To spur demand, BYD began offering discounts for its best-selling Yuan Plus and Seal EVs in March. The company also launched refreshed versions of... |
Prices can't dampen EV sales as it steps on leasing pedal Leasing is adding to the momentum in electric vehicle sales, even as vehicle price remains a dampener in , industry executives and experts said. The business has grown substantially over the past 8-12 months, they said. With the base still remaining low, this se... |
in 2024," said Nakao Hiroshi, managing director of Moto Business Service India. Operating cost for an EV is 15-20% lower than a vehicle running on conventional fuels, Hiroshi said. Quiklyz, the vehicle leasing business of Mahindra Finance, offers customised leasing solutions for electric three- and four-wheelers. "We e... |
Progress of India-UK trade pact talks reviewed at highest level With the negotiations for the proposed India-UK free trade agreement reaching an advanced stage, the Prime Minister's Office reviewed the progress of the talks on February 16, sources said. Commerce and Industry Minister and Commerce Secretary Sunil Barthw... |
Hyundai Ioniq 5 earns IIHS's Top Safety Pick+ award New Delhi: The all-new 2022 , an electric small SUV, earned Top Safety Pick+ award from the , reported today. To earn either of the Institute’s two awards in 2022, vehicles must earn good ratings in six IIHS crashworthiness evaluations, including the driver-side small... |
Share mobility platform FICO Mobility raises seed round from SR Consultancy Services Chandigarh-based announced on Monday of raising an undisclosed amount in from firm . Harjeet Singh, Founder, Fico Mobility, in his statement said that his company plans to utilize these funds in upgradation and expansion. Fico Mobility... |
Sour grapes? China thinks Tesla's India biz will be doomed has not liked CEO planning to open an factory in . Musk is set to travel to India later this month and meet Prime Minister Narendra , with plans for a Tesla factory expected to be announced. Musk has negotiated with the Indian government for long. He preferred ... |
late in trying to create an indigenous EV supply chain," it says. It recommends India to follow a more "realistic" approach than having Tesla to manufacture EVs in the country. "Given the complex economic landscape, India's EV ambitions should, more realistically, be implemented step by step with patience and openness,... |
company also sold 324,000 plug-in hybrid vehicles in the first quarter, up 15%. BYD and other Chinese automakers have introduced new models rapidly, often undercutting Tesla on price. Those companies are also increasingly exporting cars to Europe, Southeast Asia and Latin America. Chinese automakers have raced ahead on... |
Road Ministry proposes to formalise movement of foreign personal vehicles The and Highways ( ) on Thursday proposed to formalise the movement of personal vehicles registered in other countries when entering or plying in Indian territory. In a draft notification, the MoRTH said under , the vehicle operating in Indian te... |
Buyers recalibrate oil import plans in wake of surprise OPEC+ supply cut The pain of high global crude prices and tighter supply is the last thing major oil importers in Asia and elsewhere want at a time when many import-dependent economies are witnessing a fragile recovery after years of pandemic-hit growth. But the u... |
Axis Bank extends INR 1 billion loan to Muthoot Capital to accelerate e-mobility in India Private sector lender , has extended an INR 1 billion loan guarantee to non-bank lender , in partnership with , part of the Private Infrastructure Development Group (PIDG). This will empower the NBFC to on-lend customers in rural ... |
“This is the third transaction that we have closed under the agreement which after the ones that we closed with Vivriti Capital and Everest Fleet now total INR 4.5 billion,” said Layth Al-Falaki, CEO of GuarantCo. “This is also the first transaction under the framework which will cover the demand side of the EV busines... |
Uber exits Zomato by selling 7.8% stake, two biggies buy stakes on Wednesday sold its entire 7.78 per cent stake in in a bulk deal on the in which two institutional investors - and - bought stakes in the new-age stock. Uber sold 61.22 crore shares of Zomato, that it had earned in 2020 by selling Uber Eats in an all-sto... |
Why India needs a new fintech platform for MSMEs As India embarks on a journey to become truly self-reliant and ensure ‘ ’ becomes a reality, the manufacturing sector, especially the Micro, Small & Medium Enterprises ( ), will be the flag bearers of this movement. But, first, we must iron out the creases in their path ... |
Hero MotoCorp launches Voluntary Retirement Scheme (VRS) for its staff , world’s largest of , today launched a (VRS) for its staff, the company stated in a press release. "In keeping with the objective of building a robust organization in a rapidly evolving dynamic environment while retaining employee welfare at its co... |
Insurer liable if driver dies when resting too: HC Bengaluru: If a driver on duty dies following a cardiac arrest while taking rest in his vehicle, the is not absolved of its liability to pay compensation on the grounds that the vehicle was not under usage, the Dharwad bench of the high court has observed. “Usage of th... |
IRDAI applies brakes on vehicle insurers' misleading advertisements Chennai: Applying brakes on general insurers taking vehicle owners for a ride, insurance regulator on Thursday asked the industry to desist from issuing misleading advertisements. In a circular to the general insures, the Insurance Regulatory and Devel... |
Tesla shares skid after China sales fell to the lowest level in over a year Shares in Tesla fell more than 7% on Monday after its sales declined in February in China, where it likely faced a slowdown during the Lunar New Year holidays. The fall in sales in its key market dimmed the outlook for Tesla's global deliveries... |
Uber reports record ridership and second straight quarterly profit on Tuesday reported financial results that showed its business was continuing to steadily chug along -- and even turn a profit -- as more riders and drivers used its platform than ever before. The company had USD 9.3 billion in revenue in its most recen... |
One, its monthly subscription service, to 18 countries last quarter and entered a partnership with Waymo, Google's self-driving car unit, to allow passengers in Phoenix to request Uber rides from autonomous vehicles. On a call with investors Tuesday, Khosrowshahi struck an optimistic tone about labor pressures. "We can... |
Zoomcar Partners with ACKO Drive to increase car fleet New Delhi: Holdings, Inc., a leading marketplace for self-drive car sharing, has partnered with , a car buying platform by ACKO, to empower local Zoomcar Hosts to expand their car fleet. With this partnership, ACKO Drive is offering Zoomcar Hosts substantial saving... |
Rising prices cap India's thirst for Russian oil Indian purchases of Russian crude in defiance of Western pressure over the Ukraine war have fallen to an 11-month low as the price tag on the discounted rises, figures show. Since the invasion of Ukraine nearly two years ago, India has bought hundreds of millions of barr... |
and price-driven, rather than political. "If they don't offer us a discount, why would we buy from them," Indian oil minister Hardeep Singh Puri told reporters last week. "India's leadership has only one requirement: that the Indian consumer gets the energy at the most economical price, without disruption," he added. I... |
As automobile market gets stronger, the paints industry to ride the boom: Nippon Paint India president Sharad Malhotra NEW DELHI: The market for automotive paints had gone down during the period of Covid lockdowns and restrictions, but has come up strongly as buying picked up as industry opened up and businesses and sc... |
and sustainable for the ecology. Can you share a brief about ’s product portfolio here in India? We have an extensive and wide portfolio, comprising several products and solutions. Our range includes new-age technology-based paint solutions such as WoW primers, direct-to-metal (DTM) coatings, fast drying clears, and th... |
This had an adverse effect on India’s automotive paints and coatings industry. Owing to the Covid-induced lockdowns and challenges, the industry observed its first revenue de-growth of the decade. As per estimates, the demand for automotive paints and coating solutions went down by almost 50% during this period. Howeve... |
Tesla customer waiting for Model X refund for over 2 years San Francisco: Taking advantage of Tesla's seven-day, no-questions-asked return policy at the time, a customer who returned his in early 2020, is still making payments on a $116,000 vehicle that he does not possess from past two years. Danny Roman bought a new ... |
Castrol, Mahindra Insurance Brokers announce alliance for Castrol Auto Service Workshops New Delhi: India Limited, India’s leading lubricant player, has signed an agreement with (MIBL), a prominent insurance brokerage firm. Castrol Auto Service (CAS) workshops will now have an option to empanel themselves as POSPs ( ) ... |
Auto companies donate and launch services to tide over damage caused by Cyclone Michaung Auto giants have donated towards relief funds or are providing customers with services in order to help them after the flooding and damage caused by in Tamil Nadu. said it has donated Rs 3 crore to the Chief Minister’s Relief Fund ... |
on the engine oil and filter replacement service for the next two months. Tata Motors too said the company has implemented a comprehensive service plan which will be available across the Tata Motors passenger vehicles and electric vehicles range. The services include the company extending the Standard warranty period, ... |
Tall trucks, SUVs are 45% deadlier to US pedestrians, study shows and sport utility vehicles with hood heights greater than 40 inches are about 45% more likely to cause fatalities in pedestrian crashes than shorter vehicles with sloped hoods, according to new research from the Insurance Institute for Highway Safety. Pr... |
Bike Bazaar raises Rs 170 crore led by Women’s World Banking Management said it has raised of equity funding led by Women’s World Banking Asset Management (WAM) with participation from existing investors including and Faering Capital. Elevar was the early investor in Bike Bazaar and continues to hold the largest stake ... |
has set up multiple cash collection points to ensure repayment of the loans. Bike Bazaar partners with multiple banks and NBFCs through which it issues loans. The startup typically will have 20% exposure to these loans, Vadakkepat said. “Women's World Banking is dedicated to women’s economic empowerment and WAM is inve... |
Auto sales in May 2022: All segments move up from the pandemic-marred low base of May 2021 New Delhi: The good news is that all segments of the automobile industry were in the green in May 2022. This comes after a long time and looks like a real relief. But the not-so-good news is that the manifold sales growth for the... |
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