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CarTrade Technologies open to further acquisitions to fast-track expansion plans Auto marketplace - which bought pre-owned goods classifieds platform in a INR 535-crore transaction earlier this fiscal - is open to further acquisitions to fast-track its expansion plans in the country. , Founder & Chief Executive Officer... |
G7 to be ready with details of Russian crude price cap by Dec 5 -official G7 countries will be ready with all the operational details of a price cap on by Dec. 5, when the measure is to kick in, even though many details now remain to be settled, a senior U.S. official said on Friday. Speaking to reporters during his vi... |
India, UK look to resolve visa, EV issues under proposed free trade agreement and the are trying to resolve issues concerning visas for domestic professionals and duty concessions on British electric vehicles (EVs) as part of the proposed , and talks on them are at the last leg, an official said. An Indian team is in t... |
launched the talks for a free-trade agreement (FTA) in January 2022, with an aim to conclude talks by Diwali (October 24, 2022), but the deadline was missed due to political developments in the UK. There are 26 chapters in the agreement, which include goods, services, investments and intellectual property rights. |
Global digital transformation spending to reach USD 1.8 trillion this year Global spending on the (DX) of business practices, products and organisations is forecast to reach USD1.8 trillion in 2022, an increase of 17.6% over 2021. The DX priorities that will see the largest investment in 2022 include back office suppor... |
£315,000 Ferrari supercars growl a warning for EVs Part of the reason Ferrari NV’s wealthy customers are happy to fork out almost half a million pounds for a supercar is they expect these stunning vehicles to retain their value, or even appreciate, making ownership almost free. However, at least one of the prancing hor... |
marketed by Ferrari authorized dealers is 24%. Independent British dealers told me it’s fantastic to drive but highlighted several potential limitations: the plug-in hybrid v8 turbo might not appeal to purists wanting a v12 combustion engine and some early reviews weren’t great. Ferrari’s range now includes another hyb... |
Oil falls as demand concerns weigh against tight supply dipped at the start of Asian trade on Friday as worries about an economic downturn that could dampen demand for crude vied with concerns over new sanctions from the European Union against Russia, including an embargo on . Brent futures fell 37 cents, or 0.3%, to $... |
CEAT announces new board appointments and committee recast 's board meeting on March 14, 2024, led to significant decisions regarding the company's leadership and structure. Two new independent directors, Milind Sarwate and Sukanya , were appointed, pending approval from shareholders. The board also reconstituted vario... |
EV Insurance: Safeguarding your electric vehicle amidst India's green revolution India's automotive industry has experienced a remarkable transformation with the surge in (EV) adoption. The country has witnessed an impressive 154% increase in EV sales across all vehicle segments in 2022, with a total of 12,43,258 units... |
for comprehensive coverage with tailored add-ons to address unique , like electric surges and fires during charging, and consider broader environmental implications. Anticipate industry innovations and adaptability; choose flexible policies that accommodate emerging technologies and evolving EV features, ensuring your ... |
Mahindra Insurance Brokers to embark on digitisation drive for growth Ltd. ( ), the arm & subsidiary of Mahindra Finance is embarking on a major drive within three modules, , Health & commercial lines to enhance growth. This even as the pandemic seems to have fast-tracked the health insurance industry growth over the l... |
over the last year with revenues up by 30% and profitability up by 55% compared to the last year. Seshadri attributes these numbers to MIBL’s reach of close to 2 lac villages in terms of the number of customers they have reached out to. “We've built in a point of sales distribution which is close to 10,000 strong and d... |
India's small exporters reel as Red Sea crisis helps rivals nab business Atul Jhunjhunwala, an exporter in the Indian eastern city of Kolkata, is tearing his hair out, having just lost another order due to the that has jacked up his shipping costs and times. "Last week, I lost a big order to a Polish competitor who doe... |
steel, machinery and industrial parts - as well as gems and jewellery are India's biggest sectors exporting to those regions. Re-routing via the Cape of Good Hope has meant ships sailing from India will often need an extra 15-20 days before reaching destinations in Europe, greatly increasing costs. For example, shippin... |
SBI changes gears, links car dealer commissions to their performance In a first for the bank, , the country's largest lender, is set to link the it pays to , for sourcing loans, to sales as opposed to the current practice of paying them a fixed percentage as a commission, according to a bank's internal circular, assess... |
its structure. "With recent commission realignment by the major players in the market, it is time for us to resonate with the market sentiment and offer better rates to partners," said and internal circular issued by Sanjay Bajoria, MD & CEO, UBI Services, on Friday. |
Tesla can benefit by manufacturing EVs in India: Gadkari Union road transport and highways minister on Monday said that if the US-based EV maker Tesla manufactures its in India then the company will also get benefits. Addressing an event here, Gadkari said days are not very far when the prices of all electric vehicles ... |
Indian refiners scout for oil deals ahead of EU ban on Russian crude NEW DELHI -Indian state refiners plan to lock-in more of their crude supplies in term deals, worried that tighter Western sanctions on Russia, including from the EU, could curb future supplies in already tight markets, sources at state refiners said. ... |
source said. India has called for an end to violence in Ukraine but refrained from outright condemnation of Russia, with which it has long-standing political and security ties. Prashant Vasisht, vice president at rating agency ICRA Ltd, said: "To diversify and safeguard yourself from potential cuts in future such as di... |
More than 10 million vehicles running on Indian roads are vulnerable to cyber attacks: SecureThings Q: Please walk us through the threat landscape of the automotive ecosystem. What role can OEMs play to defend their products? What are the steps that can be taken to make the vehicles safe? A: A vehicle has hundreds of m... |
ability to charge at scale and fast charging or ransomware attacks. These are big risk factors for the success of electric vehicle push. Vehicles are getting smarter and more complex and new threat vectors are emerging. Recently, at an event some researchers hacked a top USA-based electric vehicle in two minutes using ... |
whether it is a secure telematics control unit for the vehicle manufacturers or secure instrument cluster solutions. We are also working on secure gateways to protect in-vehicle communication and the threats that can come from the sensors. Through our Cloud-based Threat Intelligence solutions, we are going to start wor... |
Audi India opens Audi Approved: plus and service facility in Ranchi : , the German luxury car manufacturer, on Tuesday inaugurated a new pre-owned car facility, in Ranchi, Jharkhand. In addition, a new service facility has also been added. Located at 11A, Purulia Road, Kantatoli, Ranchi, Jharkhand- 834001, this new fac... |
Racers, mechanics, tinkerers converting classic cars to EVs When Kevin Erickson fires up his 1972 Plymouth Satellite, a faint hum replaces what is normally the sound of , gas coursing through the carburetor and the low thrum of the exhaust. Even though it's nearly silent, the classic isn't broken. It's electric. Ericks... |
will replace all - especially when considering historically significant vehicles. "There's something satisfying about having a vintage car that has a carburetor," he said, because it's the same as when the car was new. Some enthusiasts want to preserve the sound and rumble of older cars' original engines. Other barrier... |
That was up from only 2,500 square feet (232 square meters) at the 2021 show. Companies are developing universal parts, as well as lighter, smaller and more powerful battery packs. They're also creating wiring components that are easier to install and myriad other innovations. Some are even building vehicle frames with... |
GM fender design victory in limbo after US appeals court grants rare review Auto parts maker on Friday persuaded a U.S. appeals court to reconsider a decision to uphold a design patent for a car fender, imperiling an earlier win for GM in a case that has been closely watched by the auto and insurance industries. In a r... |
SBI changes gears, links car dealer commissions to their performance In a first for the bank, , the country's largest lender, is set to link the it pays to , for sourcing loans, to sales as opposed to the current practice of paying them a fixed percentage as a commission, according to a bank's internal circular, assess... |
"With recent commission realignment by the major players in the market, it is time for us to resonate with the market sentiment and offer better rates to partners," said and internal circular issued by Sanjay Bajoria, MD & CEO, UBI Services, on Friday. |
Mazda North America renews pact for Toyota Motor Credit and Mazda Financial Services tie-up New Delhi: (MNAO) has renewed its agreement for Toyota Motor Credit Corporation (TMCC) to provide private label financing under the (MFS) brand name. Launched in April 2020, MFS entered the market with a commitment to providing ... |
the market, and our MFS team is dedicated to providing the customized solutions which not only meet their needs but exceed their expectations.” MFS’s positive impact on sales and customer loyalty has been recognized by Mazda dealers too. “The dealer network feels like MFS is the first true captive that we’ve had, and M... |
India's NSE ends at four-month high, auto stocks drive gains BENGALURU -Indian shares ended higher on Tuesday, boosted by , with the NSE Nifty 50 index posting its highest level since April 5 at close. The NSE Nifty 50 index gained 0.7% to end at 17,825.25. The S&P BSE Sensex closed up 0.6% at 59,842.21. The index hit ... |
DPIIT's report to help reduce logistics costs in India India’s , which was launched on September 17, 2022, aims to reduce in India. To achieve this objective, the Logistics Division, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry (MoCI), launched a report titled "Logi... |
and ADB held a series of meetings, and drew credible conclusions. Key learnings that emerged during this exercise were as follows: The NCAER team led the academic exercise of computing the baseline results and putting together the comprehensive framework for logistics cost calculation in the long run, supported by acad... |
Nationwide strike hits public transport services New Delhi: Public dealings at some bank branches were hit and public transport services were thrown out of gear in states like West Bengal, Kerala and Tamil Nadu as thousands of workers on Monday began a two-day nationwide strike to protest against policies of the Union ... |
of new generation private sector banks. There might have been a delay in cheque clearances and government treasury operation might have also be affected by the strike. The impact of the strike is prominent in eastern India as many branches of public sector banks there are closed, All India Bank Employees' Association (... |
Suzuki Motorcycle India MoU with Bajaj Finance for two-wheeler financing New Delhi: Private Limited (SMIPL), the two-wheeler subsidiary of Motor Corporation, Japan, Tuesday entered into a MoU with (BFL) to provide quick and hassle-free financing on the purchase of Suzuki two-wheelers. BFL is the lending arm of Bajaj Fi... |
Can I get a loan to buy a second-hand car? Buying a second-hand or used car is being preferred by many people today. Most of the car manufacturers have their own pre-owned divisions, while most of the banks and non-banking financial services companies (NBFCs) are also offering personal loans for a at lucrative interest... |
Zinc caught between weakening demand and sliding supply: Andy Home By Andy Home LONDON: The puzzle facing the is whether demand or supply will fall hardest this year. Both were down in the first half of the year, according to the latest assessment by the (ILZSG). An estimated 3.0% drop in global usage marginally outpac... |
London market. The LME cash premium over three-month metal has eased from its June peak of $218 to $27.50 per tonne at Thursday's close but the recent heightened spread volatility can be expected to continue until inventory rebuilds in a meaningful way. LME inventory in Europe continues to comprise a single lot at the ... |
Rise in third-party motor cover premium rates to partially offset underwriting losses for insurers: Report The recent increase in the premium rates on is unlikely to fully offset the motor insurance segment's underwriting losses, said in a report. The premium rates for third-party motor insurance have been increased fr... |
Potential UAW strike presents a near-term headwind for auto insurers - JPM J.P.Morgan on Thursday said supply chain disruptions from a potential (UAW) union strike would cut new vehicle production, drive up used car prices and put pressure on margins in the personal auto insurance business. UAW is currently in talks wi... |
Bajaj Finance Simplifies Car Loan Balance Transfer and Offers a High-value Top-up transforms the way customers approach balance transfer for car loans with simple eligibility criteria and a hassle-free online application. Customers can get a high-value loan of up to INR 47 lakh. With the and Top-up customers stand to r... |
get a pre-assigned loan limit from which they can withdraw funds as per their need. The interest is charged only on the amount withdrawn and not the entire limit. These Flexi variants also allow customers to part-prepay their loans as many times as they can without paying any additional cost. Additionally, a Flexi Hybr... |
India not to tailor policy for Tesla; EV maker as also other global players welcome in India: Piyush Goyal India will not tailor its policies to suit US EV maker , and its laws and tariff rules will be formulated to attract all-electric vehicle manufacturers from across the world to set up a base in the world's fastest... |
will impact not only the country's environment but will also impact the country's economy, it will add to our economic output. It will save foreign exchange, reduce our trade deficits, help us in our fight against inflation, thereby helping us in reducing interest rates," he added. The minister emphasised that the sect... |
Audi India expands pre-owned car business to Surat New Delhi: has opened its new in Surat, Gujarat. Spanning 2100 sq. ft., the showroom has the capacity to display 5 cars. The showroom will cater to the growing demand in Surat and the nearby regions. Customers can avail 24x7 Roadside Assistance along with two years of ... |
India’s 'Green' retail NBFC Ecofy promoted by Eversource Capital launched In an industry first move, Eversource promoted Accretive Cleantech Private Ltd, operating as ‘ ’, has received regulatory approval from the (RBI) to operate as a non-deposit taking non-banking financial company (NBFC). This makes Ecofy one of its... |
Tribunal recommends creation of separate slow lane for e-ricks and e-bikes to curb accidents Taking note of an increase in accidents due to e-rickshaws, a (MACT) has recommended a slew of directions to prevent violation of traffic rules by such vehicles, apart from curbing negligence of traffic police. The tribunal, in... |
VOC Automotive secures INR 1.5 crore funding from Corporate Warranty India to revolutionise two-wheeler service industry in India New Delhi: , a startup in the , has raised INR 1.5 crore in funding from Pvt Ltd (CWI). This strategic investment is earmarked for the company's expansion efforts, promising to bring afforda... |
Additionally, the VOC Smart Rider app plans to onboard 10,000 customers this financial year, and the startup will soon introduce a vertical for buying and selling pre-owned two-wheelers. Founded in October 2019 by Venkatesh B M and Lokesh S, VOC Automotive addresses a critical gap in the market: the high cost and limit... |
VRL Logistics to expand fleet size to 7200 trucks by FY25 plans to expand its size to approximately 7,200 by the next financial year, following its latest order for 1,560 trucks from . Currently, it is operating 5,700 trucks. The Managing Director, Vijay Sankeshwar, said his intention is to expand the business by 25% t... |
How Budget 2022 can be used to revive consumption for economic growth? After a rumpled start in FY 21-22 due to the second wave of COVID-19, the consumer market sector began to pick-up during second half of the year. According to the Confederation of All India Traders (CAIT), retail buying during Diwali season nearly d... |
of any unwarranted enquires, proceedings by authorities. The recently introduced provision requiring food aggregators to collect and deposit GST on deliveries effected through their platform, has added to the woes of companies operating in this segment. Although certain clarifications were issued in this regard, indust... |
Electric two wheelers register a staggering 132% growth in 2021 but 2022 promises to be even better The year that has gone by has shown what difference subsidies can make in the evolution of a new age industry. Spurred by generous incentives under central government's FAME 2 scheme with an extra helping from similar po... |
the segment," said Naveen Munjal, managing director, Hero Electric. "We witnessed a hockey stick growth with upward sales momentum resulting in higher demand paving the way for production capability expansion at our Ludhiana plant from 1 lakh to 5 lakh units to manufacture over 1 million EVs by 2025. The coming years w... |
and the industry working on ways to mitigate challenges like charging infrastructure and range anxiety, the tailwinds outweigh potential headwinds. "Electric-2-Wheelers are currently sold on the basis of their range alone and it will be important to develop a framework to balance fallbacks against more attractive attri... |
India not considering buying Russian oil in rupee: Minister New Delhi: India has no plans to pay in rupees for the its public sector companies buy, Parliament was informed on Monday. India buys less than one per cent of its total oil imports from Russia. But western sanctions against Russia for its have given way to ta... |
Sanjiv Bhasin sees Nalco doubling in a year; offers a dark horse pick Sanjiv Bhasin, Director, , says he has been relatively very bullish on IOC and as two picks. They have added ONGC. They expect Nalco numbers to start reflecting the extremely bullish results. Three things, bauxite, aluminium and iron ore are going to... |
though they have underperformed. I like HDFC and Kotak. All the bonhomie underperformance is more or less in the price. We have seen the exit of large players who had to. Thirdly, I would be very bullish on the oil marketing companies and use this decline to buy. Like I said, you have to be selective in your stock pick... |
results are out today. About a month and a half back, Bosch broke out of its eight-year high range and got into new territory. Surely some correction is happening. It has crossed the 25,000 mark now. I want to review your call on Bosch? Sanjiv Bhasin: Again, one of my old favourites at 12.5, 13, 15, 17, 18, and I gave ... |
will see a little bit of oversupply. But if you want to get into a quality stock like ITC, then you cannot have asked for a better time. How are you looking at the entire consumption space? Are there interesting opportunities at the current juncture, despite acknowledging that maybe there has been a bit of a rural slow... |
Unfortunately, Mrs. Shaw has always over promised but under-delivered. Now, Biocon at INR 250 was a real good bargain. And we have all waited for that debt reduction, which will improve the return on equity. But it is yet to take off. We still think that Biocon should be in your portfolio but more weightage to Dr Reddy... |
Audi India opens new 3S facility in Raipur, Chhattisgarh Raipur: , the German luxury car manufacturer, inaugurated on Thursday a new 3S (sales, service and spares) facility in Raipur, Chhattisgarh. Located on Ring Road No 1, Sarona, the new state-of-the-art facility houses new car sales, a workshop facility and Audi Ap... |
Buffett's company trims its stake in Chinese EV maker BYD OMAHA: 's company has trimmed its stake in Chinese electric car and battery maker BYD for the first time since it bought the shares in 2008, an that has soared in value. Berkshire Hathaway said in a regulatory filing Tuesday with the Hong Kong stock exchange tha... |
"Forcing Russia to sell oil at bigger discounts to India": US treasury official hails price cap policy on Russian oil New Delhi: Assistant Secretary for Economic Policy of the of Treasury, Eric Van Nostrand on Thursday hailed its country's decision to implement price cap on Russian after the latter invaded its neighbou... |
the war in Ukraine by reducing its oil revenues while also ensuring that global oil markets are well supplied. The West's sanctions have shifted much of Russia's oil trade from traditional customers in Europe to India and China, and have forced some shippers to turn to a so-called "shadow fleet" of ageing tankers, whic... |
US warns companies over Russian oil price cap evasion via ESPO pipeline The U.S. Treasury published a warning to U.S. companies on Monday of possible evasions of the Russian petroleum price cap of exported through the Eastern Siberia Pacific Ocean (ESPO) pipeline and ports in eastern Russia. The Office of Foreign Asset... |
NTPC mulls 5.4 million tonnes coal import in first half of 2023-24 State-run power giant is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal, was informed on Tuesday. "NTPC is planning to import around 5.4 million tonnes of coal for its group stations... |
RBI set to hike policy interest rates; raise inflation forecast tomorrow The ( ) is set to hike the policy repo rate by 40 basis points to 4.80% on Wednesday and increase the for the current fiscal to above 6% from its earlier projection of 5.7%, according to market analysts and economists. The six-member ( ) of the RB... |
Vice President, Kotak Mahindra Life Insurance Company, said, "Failure to contain the inflation genie should scare the markets more than the policymaker's fight against it. We expect the MPC to deliver a no-brainer policy rate hike of 25-40 (basis points) bps in June." According to Bank of America Securities, the RBI is... |
Potential UAW strike could cut production, push up vehicle prices, analysts say A prolonged coordinated strike by the (UAW) union against the Detroit Three automakers could cut production by thousands, potentially pushing up vehicle prices and exacerbating supply-chain disruptions, analysts said. The auto industry is o... |
up inventories from domestic manufacturers, which should provide some cushion. However, UAW president Shawn Fain rejected the idea that worker wages were responsible for auto prices going up in the last few years. In a video released on Thursday titled "Here's what the Big Three and the corporate media's NOT telling yo... |
FADA raises concerns over high inventory levels in automobile industry ' apex body on Friday voiced its concern on the high inventory level and said it is planning to take up the matter with the . At the third edition of the Finance and Insurance Summit 2024 here, Federation of Automobile Dealers' Association (FADA) Pr... |
Bengal to finally hike traffic violation fines as per Motor Vehicles Act With an aim to reduce the number of , the government has decided to increase as per the , a notification has said. The Centre had increased the fines in 2019, but the West Bengal government had not imposed them so far considering the "difficulties... |
G-7 price cap on Russian oil tested as India pays record premium Refiners in India are buying cargoes of at the widest premium above a G-7 imposed cap since the curb was introduced, highlighting the market’s importance to Moscow and a gap that may intensify scrutiny of the controversial mechanism. Crude processors in t... |
Act against dealers boosting EV speed illegally: Ministry Taking cognizance of Chandrapur deputy RTO Kiran More’s report on dealers in Chandrapur reportedly to increase its speed, the (MVA section) has directed all transport departments (states and Union Territories) to take action against all those who violate (CMVR).... |
Insurer liable to pay compensation to spare driver if there is only claim under policy, Karnataka HC BENGALURU: The insurer is very much liable to pay compensation in respect of a under section 147 of , if there is only one claim under the policy, the Dharwad bench of the has ruled in a recent judgement. "However, if t... |
of the spare driver cannot be accepted" the judge further observed while dismissing the appeal filed by the insurance company. In addition, the separate appeal filed by the family members of the deceased was also rejected by the judge. |
Kia Sonet has lowest maintenance cost in compact SUV segment: Frost & Sullivan New Delhi: , India’s top Growth Advisory Company, released its Total Cost of Ownership Benchmark analysis, revealing Sonet to have the lowest in the Compact . While the Model Maintenance Cost is 14% lower, the Petrol Model of Sonet takes it ... |
customers.” Key Highlights from Frost & Sullivan’s Analysis: ·Maintenance Cost: Best in Segment for both Petrol and Diesel models Petrol Model: 16% lower than the segment average Diesel Model: 14% lower than the segment average ·Total Cost of Ownership: Sonet Diesel: Best in Segment (Lowest TCO) with complete value for... |
Park+ and goEgoNetwork tie up to deploy EV charging stations across India New Delhi: Car parking solutions startup for car owners has announced its collaboration with , network today to deploy EV charging solutions in India. Under the collaboration, a network of EV charging infrastructure will be set up initially in fi... |
Tata Motors Finance partners with Fiserv to scale up lending services with global technology New Delhi: Limited, a leading automotive financier, is partnering with , Inc., a leading global provider of payments and financial services technology solutions to fortify its capabilities and enabling top-notch customer experi... |
E-mobility in Visakhapatnam, Tirupati gets BEE push VISAKHAPATNAM: The Union power ministry-led has given its consent to the energy department to retrofit existing engines of 200 auto rickshaws in Tirupati and 100 in Visakhapatnam with electric kits and swappable batteries. As a pilot project, three internal combustion... |
Maruti Suzuki's Shashank Srivastava on how the god of small cars had its big bang moment with SUVs, and where it's headed next For Maruti, small spelt big for decades when it led the market with its entry level cars and hatchbacks. The company, , reincarnated in 2016 as a big-car maker with its first SUV, the Brezza, w... |
special. So, we had the hybrid technology, the AllGrip technology, in the Vitara and it has done so well. Same with Fronx. It is meant for the who does not want conventional small SUVs, whether it is the Brezza or the Venue or the Sonet. Fronx has a different shape. That's why its tagline is "The Shape of New". It is f... |
margins while running heavy discounts? A: Margins would get affected obviously because you have a higher sales promotion level in this period . But remember, sales promotion, etc, make up roughly 2-2.5% or slightly less of the total cost structure. Marketing spends are around 1.2-1.3%. The major expense for any auto OE... |
are not available in respective segments. For example, an HUD (heads-up display) in a Baleno or a 360-degree camera in a Brezza. These are very new factors, and very good for active safety. Also, we believe safety is not just about engineering of vehicles. It is also about enforcement, education and engineering of the ... |
Saving Suez: As Red Sea attacks threaten global trade, what it means for India The strait of Bab-el-Mandeb, which means the gate of grief in Arabic, is living up to its name for shippers and traders across the world, as it turns the Israel-Palestine war into a global economic problem. For weeks, ships transiting the st... |
three and a half weeks,” says Christian Roeloffs, CEO, Container xChange, an online marketplace for containers. “Over the last two weeks, we have seen an uptick in prices of secondhand containers, especially in northern Europe, because the industry expects some form of tightening of supply as the region is notoriously ... |
this end? Prahlad Tanwar, global head of logistics at KPMG, says, “The problem could continue till the next quarter.” NOW & THEN The last time a major disruption in the Suez Canal threw shipping and trade into a tizzy was in 2021, when a Taiwanese vessel called the Ever Given ran aground. It worsened an already severe ... |
RTO detains 4 dual control cars of driving schools for violations Nagpur: Four dual-control cars being operated by driving schools for training purposes without permission were detained, while challans were issued to several others as part of the Regional Transport Office ( ) drive against operators violating terms and... |
ANZ to lend Hyundai-LG Energy JV $711 mln to make EV batteries Australia and New Zealand Banking Group has set up a $711-million lending facility for a joint venture between and that makes batteries for (EV) in Indonesia. ANZ said on Friday the lending facility for the joint venture is a 10-year Korea Trade Insurance C... |
2022 Jeep Compass receives ‘Top Safety Pick’ rating from IIHS New Delhi: The new 2022 recently earned a ‘Top Safety Pick’ rating from the ( ) for 2022. The rating applies to models equipped with LED projector or LED reflector headlamps when paired with high-beam assist. "The new 2022 Jeep Compass demonstrates our stead... |
Quiklyz to offer range of EVs for leasing, subscription to customers , the vehicle and subscription arm of , has said it will offer the widest range of (EVs) for leasing and subscription to potential customers. Launched in November last year, Quiklyz digital platform provides a subscription programme for both retail an... |
Government allows UAE's Adnoc to export oil from Indian strategic storage The government has allowed ( ) to export it has stored in underground strategic storages at Mangalore to give operational flexibility to the foreign firm, an order of the Ministry of Commerce and Industry said on Saturday. At present, crude oil, ... |
DICV opens 3S touchpoint in Leh for BharatBenz with PAL Trucking Ladakh: . (DICV), a wholly-owned subsidiary of , inaugurated on Friday a new BharatBenz sales, service and spare parts (3S) touchpoint in Leh, the capital city of the Ladakh region. This 1000 sq,ft ‘PAL Trucking’ facility is the highest-altitude 3S facili... |
UK needs law for self-driving cars, government body says By Nick Carey LONDON: Britain should pass a law regulating self-driving vehicles and include sanctions for companies if anything goes wrong when their vehicles take over control from human drivers, two independent governmental bodies said on Wednesday in a report... |
Kia India introduces 'Kia Subscribe' for flexible ownership has announced the launch of ' ', a new , expanding its leasing and subscription services to 14 major cities. The company has signed an MoU with to support this initiative. This new plan, announced today, caters to salaried and self-employed individuals looking... |
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