October 23rd, 2018The automobile major Ford is reportedly coming up with its autonomous vehicles in Washington, D.C. which would become the fourth city to join the automaker’s testing program.
The company is preparing to roll out a self-driving taxi and delivery service in 2021. It will start testing its self-driving vehicles in the district in the...
August 22nd, 2018India's one of the leading automobile company Bajaj Auto announced a contribution of Rs 2 crore in aid of flood-hit Kerala.
While Rs 1 crore is being contributed directly to the Chief Minister's Relief Fund, the balance Rs 1 crore will be deployed by Jankidevi Bajaj Gram Vikas Sanstha (JBGVS), for distribution of survival kits, the...
April 1st, 2018India's largest two-wheeler company Hero MotoCorp has crossed the 75 lakh units sales mark in 2017-18 fiscal year. The automobile company has sold 66.6 lakh bikes and scooters in 2016-17, becoming the first company to achieve such milestone globally.
As per the press release, the automobile maker is now targeting 1 crore unit sales by...
September 19th, 2017VOLVO, a name risen from ashes; not in a fortnight but took years to grow and build its reputation. Volvo meaning "I roll" in Latin was started back in May 1911 with the intention to be used for a new series of SKF ball bearings, which was later registered under "SFK" itself and didn't last long.
In 1924, Assar Gabrielsson, an...
July 6th, 2017Online automobile e-commerce platform Droom has raised USD 20 million (nearly Rs 130 crore) in latest funding round led by Integrated Asset Management (IAM) and existing investor, Digital Garage. The fifth round of funding also saw participation from other existing institutional investors Lightbox, Beenos and Beenext.
"The funds will...
May 7th, 2017India's most influential government think-tank has recommended lowering taxes and interest rates for loans on electric vehicles, while capping sales of conventional cars, signaling a dramatic shift in policy in one of the world's fastest growing auto markets.
A draft of the 90-page blueprint, seen by Reuters, also suggests the...
April 21st, 2017Niche bike maker Royal Enfield today announced its entry into Brazil, the fourth largest two-wheeler market in the world.
The company has entered the Latin American country with three models-- Bullet 500, Classic 500 and the Continental GT cafe racer.
It has set up its second direct distribution subsidiary outside India in Brazil,...
February 11th, 2017The iconic brand Ambassador, which used to be a symbol of the high and mighty in power corridors, has changed hands, with Hindustan Motors selling it to European auto major Peugeot for Rs 80 crore.
The C K Birla group firm has inked an agreement with Peugeot SA to this effect.
As things stand, the manufacturing of Ambassador car has...
January 19th, 2017Droom, an online marketplace for automobiles, expects to close this fiscal with a revenue of Rs 75 crore on the back of strong sales on its platform for both new and used cars.
Droom is expected to touch net annual revenues of Rs 60-75 crore by March 2017 with an annualised GMV in the range of INR 2,500-3,000 crore, Droom said in a...
December 23rd, 2016In a move that once again underlines its pioneering status in the country’s automobile industry, Droom, India’s pioneering online automobile transactional marketplace, has announced the launch of Droom History. Droom History is an unbiased report which curates historical data available through various authorised data providers to...
October 28th, 2016Automobile major Mahindra hopes that the proposed GST regime will not treat electric cars as luxury items and therefore, it should be taxed accordingly.
"We hope that the upcoming GST regime will not treat electric cars as luxury items and will not be taxed at high rates," Mahesh Babu, CEO-designate of Mahindra Electric, told...
