text_chunk stringlengths 202 3k ⌀ |
|---|
of Carens and 239 units of the Carnival. The company also dispatched 15 EV6 units last month to dealerships as display cars. Skoda said Slavia and Kushaq models contributed the most to its sales growth. Two-wheelers The two-wheeler segment, which has been growing sequentially each month, has shown robust year-on-year g... |
3-5 years instead of annual renewals, as is generally the case in many countries. The industry seeks government intervention and support in this regard," he added. Honda Motorcycle & Scooter India (HMSI) also said that the sales figures this month remain incomparable with May 2021 as frequent lockdowns in the wake of t... |
a normal monsoon, kharif crop is expected to deliver record production. Food prices continue to be high, ensuring better remuneration for farmers for their produce, creating a positive sentiment and higher demand for tractors and agri implements. In the exports market, we have sold 1569 tractors, a growth of 17% over l... |
Russian oil influx boost storage fees at Fujairah to record highs Large inflows of oil and refined products have boosted tank storage demand at the United Arab Emirates' , pushing storage fees at the transit and blending hub to all-time highs in the first quarter, industry sources said. The European Union banned import... |
Tesla 'silent'; yet to communicate its India plans: Official is 'silent' and yet to communicate its plans to the under the new , an official said on Friday. American tech billionaire , who was scheduled to India on April 21-22, had postponed his visit at the last moment citing "very heavy obligations". Musk, CEO of , w... |
per cent to 100 per cent, depending on the engine size and cost, insurance and freight (CIF) value. CBUs whose CIF value is more than USD 40,000 attract a 100 per cent import duty (for petrol engines size more than 3000 cc and diesel engines of size more than 2500 cc). Whereas those with CIF value under USD 40,000 attr... |
Audi Q7 receives 2023 IIHS Top Safety Pick+ award The US-based (IIHS) has reported that the Audi Q7 has earned the 2023 TOP SAFETY PICK+ award, making it the sixth Audi model to achieve this prestigious accolade. To receive this award from IHS, a vehicle must attain acceptable or good ratings for all available headligh... |
"TOP SAFETY PICK+" for 2023 relies on "good" ratings in various crash tests and an "acceptable" rating for standard headlights, as well as an "advanced" rating for both vehicle-to-pedestrian front crash prevention tests, the company said. |
Garuda Drone to deliver Swiggy grocery parcels in Bengaluru Chennai: The of startup will soon start delivering grocery packages in Bengaluru for food and grocery player Bundl Technologies Pvt Ltd known by its brand . The city based Garuda Aerospace is a drone-as-a-service provider. "This is a pilot project started by S... |
Shashank Srivastava on why Maruti is aiming to boost SUV segment “If the commodity prices remain high, one could expect supply side inflation as well. So there are uncertainties but at the same time, looking at the current industry trends of demand parameters, we expect a secular growth across segments,” says , Executi... |
image is that of a small car export house. How do you see the scale of small cars in the overseas market given the entry level demand is under pressure? The definition of small car is different in different countries. For example, Europe is pretty well developed but quite a large percentage of vehicles sold there are h... |
is the media or other stakeholders of the situation, as we see currently. The current situation is that at least for this quarter, the supply side constraint will continue as you saw in the previous quarter. In that sense, the situation has not changed but then the visibility still remains limited. |
Road Ministry asks states to look into rule violations by manufacturers, dealers The has asked states to look into violations of (CMVR) by manufacturers and dealers selling low-speed electric two-wheelers. The and Highways ( ) in an advisory to states said that these manufacturers and dealers are supplying higher , whi... |
Hagerty launches commercial valuations service in UK , an lifestyle brand and a leading specialist insurance provider, has launched a new Commercial Valuations service in the UK, especially designed to provide businesses with bespoke Hagerty market data. For over 13 years, Hagerty’s Automotive Intelligence team has pro... |
including specific model detail, total recorded mileage as well as insight Into service history and any notable previous ownership details. In addition, bespoke commentary on a particular market sector is also available to subscribers. |
The all-new BMW R 18 Transcontinental Gurugram: has launched the all-new in the country. The all-new BMW R 18 Transcontinental can be ordered as a completely built-up unit (CBU) from today onwards through the BMW Motorrad dealer network. BMW Motorrad India now offers three iconic motorcycles in the cruiser segment: The... |
a countershaft. A reverse gear is available as an optional extra. In terms of the suspension, the all-new BMW R 18 Transcontinental sports a double loop steel tube frame and rear swinging arm with enclosed axel drive in rigid frame design as on the legendary BMW R 5. The rear swing arm surrounds the rear axle transmiss... |
Oil companies to cushion fuel price shock as crude tests $120 NEW DELHI: State-run fuel retailers are expected to cushion the blow on consumers as the government seeks to limit the impact of a surge in oil prices after benchmark Brent crude crossed the $119 a barrel mark. The retailers are losing about Rs 20-22 a litre... |
Park+ raises $17 million in Series C funding from Epiq Capital, Sequoia and Matrix owners Park+ has raised $17 million (about Rs 140 crore) in its Series C round, led by existing investors , and Matrix Partners India. The round values the Gurugram-based company at $340 million, up from around $150 million during its Se... |
Cred launches vehicle management platform Cred Garage, makes first move into motor insurance distribution startup has launched a new platform, , through which it will seek to help users renew their and recharge FASTags, among other activities. Through Garage, Cred is looking to offer users a single dashboard that will ... |
India receives FDI worth USD 54.1 bn during Apr-Nov New Delhi: Total foreign direct investment ( ) inflows during April-November 2021 stood at USD 54.10 billion, Parliament was informed on Wednesday. Minister of State for Commerce and Industry Som Parkash said the government has put in place a liberal and transparent p... |
NIIF looks to sell over USD 1 bn worth of maiden roads portfolio Mumbai: India's sovereign-backed National Investment and Infrastructure Fund ( ) is looking to sell its maiden portfolio of five , worth around INR 10,000 cr (USD 1.2 billion) on an enterprise value basis, sources aware of the development told ET. NIIF ha... |
Hinduja Group entity issues high yield bonds to partly fund Reliance Cap buy , a company, raised 30 billion rupees (USD 357.76 million) through zero-coupon bonds maturing in three years and six months to partly fund acquisition of subsidiaries of , two bankers told Reuters on Monday. The company invited bids from inves... |
Insurance premiums on 2-wheeler EVs may rise Insurance premiums on two-wheeler (EVs) may rise as insurers reassess risk based on recent fires and malfunctions. While deaths and injuries due to accidents will be covered under existing insurance plans, EV makers may have to compensate for damage or loss of life due to ma... |
New Audi Approved: plus facility opened in Guwahati New Delhi: Audi, the German luxury car manufacturer, has inaugurated a new pre- owned car facility, in Guwahati, Assam. Situated at Balughat, Jayanagar Tripura. Road, Guwahati-781028, the inauguration of Audi Approved: plus in Guwahati signifies an addition to Audi In... |
Consumer forum directs Ola to pay 50k to Sundargarh man A district consumer disputes redressal commission here has directed to pay a of INR 50,000 to a complainant of Sundargarh district for deficiency in service and causing mental agony. The commission in its order on Aug 22 directed the company to refund the amount p... |
Oil price cap takes small slice of Russia war chest A price cap and embargo on most Russian oil have cut into Moscow's revenue from , but the Kremlin is still earning substantial cash to fund its war in because the USD 60-per-barrel cap was "too lenient", researchers said on Wednesday. The combination of the cap by the... |
estimates called for restrictions on the sales of old tankers to prevent Russia, its allies and related traders from assembling a replacement fleet to circumvent the oil price cap and to strengthen penalties for dodging the cap by increasing penalties. Also Read: |
Longer disruptions at Red Sea trade route may hurt auto, electronics production: GTRI Longer disruptions at the crucial route may hurt manufacturing lines of some sectors like electronics, automobiles, chemicals, consumer goods and machinery, economic think tank said on Sunday. The Global Trade Research Initiative (GTR... |
global powers. India is heavily reliant on this route for trade and energy imports and due to the disruptions, exporters here have to diversify their trade routes. Strikes have been continuing for many years but escalated this year sharply, with militants now using anti-ship ballistic missiles. To avoid attacks, most l... |
China and India easing away from Russian crude oil may be temporary: Russell There are signs that China and India are pulling back from buying ahead of the nations' proposed price cap and a ban on imports. However, the more important question for the market is whether any slowing by China and India of purchases from Ru... |
crude from Russia's western ports through to Asia. Currently, much of the crude China buys from Russia comes from the eastern ports. Refinitiv data shows that of the 3.42 million tonnes of seaborne oil arriving in November, all but 705,000 tonnes came from Pacific and Arctic ports. China is expected to import 705,000 t... |
Shriram Group gets CCI nod for financial services business merger The said on Tuesday it has received Competition Commission of India approval for the of its entities - and Company. MD said in a statement the nod comes after approvals from SEBI, RBI, the stock exchanges, creditors, and the insurance regulator IRDA. "We... |
Audi Approved: plus facility opened in Coimbatore New Delhi: German luxury car manufacturer Audi today announced the opening of a new pre-owned luxury car facility – Audi Approved: plus in . Commenting on the inauguration, Balbir Singh Dhillon, Head of , said, “There is a growing demand for luxury cars and pre-owned lu... |
Indian job market sees record 22% Y-O-Y growth in June'22: Report Hiring activity in India has shown an upward growth trajectory with a record 22 per cent year-on-year growth in June 2022 compared to last year, according to a report on Tuesday. The report Naukri JobSpeak Index showed that demand for entry-level talent ... |
Russia boosts Baltic oil exports in January, Asia remains top destination Europe's ban on seaborne Russian oil imports from Dec. 5 has prompted Moscow to divert its crude flows to and failed to curb Russian supplies, according to traders and data from . Supplies of oil from and Kazakhstan from the ports of Ust-Luga and... |
Sheerdrive launches used vehicle auction portal – Sheerdrive Pro , a Mumbai-based Digital AI/ ML pre-owned vehicle platform with a SaaS-based offering, has unveiled a comprehensive - . This innovative platform, to be showcased at the Bharat Mobility Global Expo 2024 in New Delhi, seamlessly brings together an extensive... |
BikeWo launches ‘BikeWo Shield’, 5-year warranty, to benefit EV customers New Delhi: Hyderabad-headquartered , a multi-brand electric two-wheeler showroom, launched ‘BikeWo Shield’ , a 5-year warranty, to increase the adoption of (EVs) by giving confidence to the customers regarding safety and reliability of the vehicl... |
Iron ore outlook is more bullish than lower China growth target suggests 's lowering of its economic growth target for 2022 to 5.5% seems at first glance to be bearish for prices, but there are others factors at play likely to keep upward pressure on the steel raw material. There is little doubt that China, the world's... |
small, but will force buyers to look elsewhere, with European steel mills likely turning to Atlantic basin shippers such as Brazil, and South Africa, while Asian importers will try to source more from top exporter Australia, and perhaps second-tier producers such as Iran and India. Ukraine's exports to China were 1.3 m... |
War in Ukraine puts shipping’s recovery in jeopardy ’s ongoing invasion of has the bracing for new shocks to its labor force, which relies on experienced crew from both countries. Ukrainian and Russian seafarers make up nearly 15% of the industry’s 1.9 million seafarers and a high proportion of its officers and ranked ... |
such as Poland and Romania to reunite with families or wait it out, he said. Most of the crew on board ships for BBC Chartering, a shipper based in Germany, are Russian or Ukrainian. Now the company is concerned a high number of its Ukrainian crew want to get home to families, and any potential replacements in Russia c... |
U.S., Japanese insurers back autonomous vehicle firm May Mobility U.S. auto insurer State Farm and Japanese insurance company Tokio Marine have joined in a $111 million round for autonomous vehicle technology , the Ann Arbor, Mich.-based company said on Tuesday. The funding will allow May Mobility to continue work with... |
Many buyers of Lamborghini in Indian Diaspora: CEO Stephan Winkelmann People of Indian origin have emerged as a large and expanding customer set for , though sales of its super-luxury cars are limited in India due to high taxes and lack of adequate infrastructure, said the Italian automaker's chairman and chief executi... |
Greaves to launch top of the line model in its quest to 'democratise' electric mobility; taps connected tech to enhance competitiveness New Delhi: will launch a top-of-the-line connected two-wheeler to democratize by offering advanced features at an affordable or no additional cost, a top official of the company said. ... |
millions of kilometers. Rajappa explained that this data has been crucial in gaining insights for the development of the next-generation vehicles. It has also provided valuable information for users, helping them optimize their usage, route planning, and charge station installations. As a culmination of these efforts, ... |
E-rickshaws continue to defy all rules in Delhi New Delhi: Improper parking, plying on prohibited or without insurance, and letting sit next to the driver were some of the major violations by in the city, according to Delhi Traffic Police data from January 1 till May 15. The maximum violations were reported from Najafg... |
also a cause for concern. Sewa Ram, professor of transport planning, School of Planning and Architecture, said the role of e-rickshaws was to provide last- and first-mile connectivity and, therefore, they may be suitable on feeder networks. "If they ply on the main networks, they will cause congestion and lead to unsaf... |
Mahindra Automotive ties up with Quiklyz for vehicle leasing on Wednesday said it has tied up with vehicle and leasing subscription platform , which allows customers to lease Mahindra vehicles in a hassle-free manner. Following this collaboration, the platform will now be available live on 's portal and across its , Ma... |
High taxation limiting growth of super luxury cars in India: Lamborghini chairman High taxation is limiting the growth of and the market will remain small although the growth rate will be high, according to Automobili Chairman and CEO . The Italian super sports carmaker, which on Tuesday reported a 4.9 per cent increas... |
'Create separate fund for accident victims of non-insured vehicles' New Delhi: Supreme Court-appointed amicus curiae for Justice J R Midha on Monday pitched for a to compensate involving . According to the International Road Federation (IRF), more than 50% of vehicles in India are not insured. Midha also expressed conc... |
BMW India Introduces New Diesel Variants of the BMW X3 Gurugram: Powerful TwinPower Turbo engine for agile driving performance. Modern interiors ensure luxury, practicality of space and 'X-ness'. Focused and stress-free driving with BMW Head-up Display, Gesture Control and 360 Camera. Sportier orientation with the M Sp... |
with memory function, exterior mirror package add to the comfort. Driver and front passenger enjoy the superior sporty flair of a premium SAV. M Sport has an exclusive set interior package like Sport seats, Sensatec perforated upholstery, M leather steering wheel with multifunction buttons, M interior trim adding the p... |
Brent holds above USD80/bbl ahead of OPEC+ meeting Oil prices were little changed on Monday, with Brent holding above USD 80 a barrel, as investors awaited the meeting later this week for an agreement to curb supplies into 2024. Brent crude futures edged up 12 cents, or 0.2%, to USD 80.70 a barrel by 0028 GMT, while U.... |
Hybrid vehicles have overtaken pure-play electric cars in India. What is the road ahead for EVs? are being overtaken by hybrids by a mile in India. In sharp contrast to global trends, Indian customers prefer , which have a blend of combustion engine and electric motors, to pure-play that are powered entirely by batteri... |
in a report on Friday. The leader in EVs, Tata Motors says annual sales of electric cars will touch 1 million units by 2028, thanks to new launches and expansion of charging infrastructure. EVs, it estimates, will account for 25% of its sales by 2027 and 50% by the end of the decade. BRAND STRATEGY Automobile majors ar... |
transportation needs in a growing economy. EVs, with high cost of acquisition and lack of charging infrastructure, have limits in addressing this requirement,” says a senior official of a car company, who did not wish to be identified. Akio Toyoda, chairman of Toyota Motor Corporation, recently said that the EV industr... |
Data centers to enable India’s trillion-dollar digital economy growth; Mumbai, Chennai to lead, report India’s data centre industry is poised for a sustained period of growth and much of this will centre around Mumbai and Chennai due to their business and infrastructure advantages, strategic location, and cable landing... |
organizations. Kolkata located in the densely populated eastern region of India is expected to have a new cable landing station in the next few years and will emerge as an important location. According to the joint research, India’s digital journey is accelerating rapidly, and cloud, data centre, and telecom players ar... |
India's Russian oil imports top 1 mn barrels a day in Dec New Delhi: India's from Russia increased further in December 2022, topping 1 million barrels per day for the first time ever as Moscow remained its top oil supper for the third month in a row, according to data from . Russia, which made up for just 0.2 per cent ... |
crudes. According to S&P Global data, the share of US crude in the Indian crude basket increased from 5-6 per cent in April to around 10 per cent in November last year. In the last quarter of 2022, the US displaced Kuwait to become the fifth-largest oil supplier to India. As per Vortexa, India imported just 36,255 barr... |
Lamborghini to launch its first hybrid car in India next year, fully electric expected in 2028 New Delhi: Italian sports car maker Automobili Lamborghini is in works to launch its first hybrid car for India in 2023 as part of the global strategy towards electrification, said a senior company official. “Whenever a new c... |
for opening an exclusive Lamborghini dealership. We would want to ensure the long term sustainability of the partner.” The typical age for a Lamborghini sports car owner in India ranges between 25 to 45 years but with its best selling model Urus, the company has seen the buyers up to the age of 55 years. Currently, its... |
Changes in the works to make roads surety bonds lucrative: Nitin Gadkari New Delhi: Changes will be made to the surety bond offering in road making contracts to make it more lucrative, said road transport and highways minister . Speaking at a CareEdge Ratings event in Delhi on Tuesday, he said the present surety bond o... |
Lohum and Vecmocon collaborate on EV Battery lifecycle management , producer of sustainable energy transition materials, and , an Indian EV intelligence company, have announced a partnership focused on enhancing electric vehicle (EV) battery lifecycle management. This collaboration will combine Lohum's battery testing ... |
South Korea to offer USD 5.3 billion in financing to EV battery firms will extend 7 trillion won (USD 5.31 billion) in financial support to domestic battery makers over the next five years to help them respond to the United States' Inflation Reduction Act (IRA) and to boost their competitiveness in the sector, the indu... |
Studies find automatic braking can cut crashes over 40% DETROIT - Two new U.S. studies show that automatic emergency braking can cut the number of rear-end automobile crashes in half, and reduce pickup truck crashes by more than 40%. The studies released Tuesday, one by a government-auto industry partnership and the ot... |
90% of their models. General Motors reported that only 73% of its models had the technology at the end of the 2022 model year, but a spokesman said GM would hit 98% by the end of the current model year as long as there aren't supply chain issues. In addition, BMW, Hyundai, Mazda, Subaru, Tesla, Toyota, and Volvo passed... |
Stellantis Pro One begins delivery of hydrogen vehicles to Hysetco is the best-selling automobile manufacturer in France, Italy and Spain, both in the electric market and in the all-energy market, including Fiat Professional, the best-selling brand in Italy, as well as a first place on the electric vehicle market in Fr... |
United Auto Workers strikes spread as 7,000 more workers at two plants join the picket line The union expanded strikes against Detroit Friday, ordering 7,000 more workers to walk off the job in Illinois and Michigan to put more pressure on the companies to improve their offers. It was the second time the union has wide... |
of battery plant workers. On a conference call with industry analysts, he said high wages at battery plants would raise the price of Ford's electric vehicles above those from Tesla and other competitors. "Record contract? No problem. Mortgaging our future? That's a big problem. We will never do it," Farley said. Ford's... |
initially targeting one assembly plant from each company. Then last week it added 38 parts-distribution centers run by GM and Stellantis. Ford was spared from that expansion because talks with the union were progressing then. The union has structured its walkouts so the companies can keep making big pickup trucks and S... |
Goa to implement amended Motor Vehicle Act from midnight: Official Panaji: The Goa government will impose the amended Motor Vehicle Act in the state from midnight, which imposes severe penalties on . State Director of Transport Rajan Satardekar told reporters on Thursday that the Road Transport Authority and police wer... |
Russia says it has rerouted all oil exports hit by Western embargo has successfully redirected all its crude oil exports affected by Western sanctions over Ukraine to "friendly" countries, Energy Minister Nikolai Shulginov said on Tuesday, while still a decline in output this year. The West imposed wide-ranging sanctio... |
OPINION: Oil prices to remain volatile as geopolitical risks persist New Delhi: Crude oil prices have surged since ’s invasion of , and other geopolitical supply risks globally and the latest uncertainty stemming from the EU’s Russian ships insurance ban are set to stoke even more volatility and keep oil prices elevate... |
the recent monthly increases. US strategic petroleum reserve releases are ramping up quickly, adding 800,000-1 million bd, which will allow demand to average 103.8 million bd above the average 2019, pre-pandemic level,” Platts Analytics said, adding that the oil market should brace for continued volatility in the comin... |
Skoda India launches new range for Kushaq and Slavia starting at INR 10.69 lakh New Delhi: Auto India, announced the Kushaq and Slavia enabling enhanced accessibility to its line-up of cars that are 5-star rated and fully safe for both adults and children. The Kushaq and Slavia – earlier available as active, ambition a... |
India is ramping up the network and personnel to get ready for high volume increase with the upcoming launch of the Compact SUV. Our dealers need to be motivated and profitable, with highly trained and experienced sales consultants. And that’s why we have launched the best-ever value proposition on the Kushaq, all acro... |
India jostles with China for April ESPO crude from Russia, prices jump Private are jostling with independents in China for Russian loading in April, pushing prices higher after Moscow lowered exports of its flagship grade Urals, industry sources said. China, which is set to import record volumes of Russian crude in Mar... |
barrels of ESPO. The solid demand drove the lumpsum freight rates for tankers carrying crude from Russia's Far East port Kozmino, a major ESPO export hub, to northern China to an all-time high of USD 2.4 million in February before easing to USD 2.3 million this month, Simpson Spence Young data on Refinitiv Eikon showed... |
Elon Musk confirms India visit, says looking forward to meet PM Modi New Delhi: American electric car maker on Wednesday confirmed his visit to India and his planned meeting with Prime Minister . In a post on X, he wrote, "Looking forward to meeting with Prime Minister @NarendraModi in India." Earlier in the day, sourc... |
CFPB sues auto dealer for illegally locking cars, re-possessing vehicles The on Wednesday sued , the financial arm of a chain of auto dealerships found mostly in the South, alleging the company committed a laundry list of illegal practices, like disabling borrowers' cars, double-billing customers, and illegally reposse... |
How Tesla's India entry will disrupt desi tardy electric car market After a long wait, finally it seems American electric vehicle (EV) maker will enter India next year. India's Prime Minister's Office has told relevant departments to fast-track Tesla's proposed investment in India by January 2024, ET has reported. Tesl... |
value of more than USD 40,000, and 60% on cheaper vehicles. In 2021, Tesla had sought 40% import duty on fully assembled electric cars. Musk had argued that the duty structure for cars running on the electric powertrain should not be out of kilter with India’s climate-change objectives. Reuters had reported in August t... |
for producing vehicles in the country, senior officials in the know told ET recently. Tesla's entry into India will surely spur local car makers to speed up their EV plans in order not to lose ground the Tesla which will promise the best product quality and cutting-edge technology too. The entry of other foreign electr... |
“strong hybrids are an excellent bridge to future and convenient choice with benefits,” Ravi Bhatia, president, Jato Dynamics, told ET recently. The likes of Toyota and Maruti Suzuki are pitching strong hybrids to retail as well as fleet customers, who want more sustainable transportation options but may not be ready t... |
Long-term investors buy Blackstone's 20.5% Sona Comstar stake in bulk deal Gurugram: Funds affiliated with have sold their balance 20.5% stake in Sona BLW Precision Forgings Ltd. ( ), one of the leading global providers of automotive technology solutions. Before this transaction, Aureus Private Limited and Blackstone h... |
and solutions to our customers and creating value for all our stakeholders. We are delighted to welcome new marquee investors who are aligned with our mission and in the prospect of long-term shareholder wealth creation. I have complete faith in our management team which is dedicated to driving our business forward. We... |
Western curbs on Russian oil products redraw global shipping map Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns. As a result of the ban o... |
at more attractive prices. However, the journey from Russia to Brazil can take 18 days or longer and, at up to USD 7 million per voyage, the costs are nearly double that of a U.S. shipment, the ship charterer involved in the Russian market said. Brazil received around 240,000 tonnes of Russian diesel and gasoil in the ... |
Musk ignores govt calls as India Tesla team moves to other markets New Delhi, While Union Ministers keep on making a beeline to Tesla CEO to come and manufacture electric cars in India, he is more interested in his $44 billion Twitter acquisition rather than paying attention to what the Indian government has been reite... |
with import duties, it would become unaffordable in the with an expected price tag of around Rs 60 lakh. Musk has said that he wants to launch cars in India but the country's import duties on EVs are "highest in the world by far". |
Hyundai Motor India appoints Amitabh Lal Das as new chief legal officer and business head ( ) has appointed as the new & Business Head, demonstrating the company's commitment to innovation, operational excellence, and continuous growth as it gears up for its next expansion phase. Unsoo Kim, Managing Director of HMIL, c... |
Geopolitical conflict to keep oil prices up, CAD under stress: Govt to Parliament The government informed Parliament on Wednesday that as the geopolitical conflict persists keeping global commodity prices, including crude elevated, the ( ) of net commodity importers including India, continues to remain under stress. Th... |
for small exporters within the existing Whole Turnover - Export Credit Insurance for Banks, Lok Sabha was told. Startups As on June 30, 2022, 14,311 startups have been on-boarded on the Government eMarketplace (GeM) with 1,40,530 orders from public entities, totaling over Rs 8,040 crore. A total of 72,993 startups are ... |
CARS24 may enter the new car business as it looks to become profitable in 12-18 months New Delhi: One of the latest unicorns, , is now thinking of entering the new car business. CARS24 entered the used car market nine years back with the aim of organising the largely unorganised used car market and since then, it has e... |
minus 6% from minus 19%. Profit Before Tax stood at minus INR 468 crore against minus 1093 crore in FY22. Gross margins were up by 11% last fiscal against a growth of 3% in FY22. Jangid said that the company has been “reducing cash burn year on year” and profitability was a milestone. He said that after the last round ... |
Passenger vehicle sales may have hit new record in October Automakers are said to have clocked among their best-ever monthly retail sales in October, outpacing dispatches for the first time this year, as consumers drove home their dream vehicles amid festive fervor after muted celebrations in the past two years on acco... |
concluded 32-day festive period, starting from the first day of Navratras till the day after Bhai Duj, has also enabled the company to register a significant gain in its market share," the company said. |
Used car startups seek new routes as revenue tanks New-age used-car platforms such as , , and Tech have increased efforts on generating revenue from ancillary sources such as auto financing, insurance and classifieds, after witnessing a palpable slowdown in growth last fiscal year. According to people tracking the sect... |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.