Automotive

The fund will help in strategic planning and execution The Malaysian enterprise for trading users’ cars, Carsome has raised $50 million in the Series C round of financing. The funds will be used to strategically place the company in Southeast Asia to counter the competition. This is one essential step to grow its business further

The introduction of Level 4 autonomous driving Nio, a company originated from China will design and manufacture a self-driving system. The designing of the project was given in good hands of Mobileye, it will help the firm to achieve Level 4 category autonomous operation. The Level 4 autonomous driving enables a car to drive without

Ambitious plans to open stores across the country On 29 August 2019, CarDekho Gaadi store, a retail auction model for pre-owned cars, launched 7 stores in Mumbai. As part of the company’s ambitious plan, by 2020 it is planning to open 200 Gaadi stores across. Currently, it already has 49 stores in Bangalore, Delhi-NCR, Pune,

Selto is all set to roll out in august Kia Motors is looking to exports made in India Seltos to various markets like South America and Africa. Seltos is a mid-sized SUV that is manufactured in Andhra Pradesh. Selto is all set be launched in august. The manufacturing base has the capacity of produce 3

Abhiraj Bahl’s UrbanClap is on the roll  Tiger Global Management, U.S based investment fund, which led in Series E round where UrbanClap, a home service startup managed to raise $75 million. This shows its continuing interest in the Indian startup companies.  Many existing investors participated in the round such as hedge fund Steadview Capital and

“Ohmie” a startup for a better future An Australian based startup company called Ohmie has now launched their first residential electric car sharing services which they call it as Australia’s first-ever. Earlier, the company was known as Symbiot Technology which specializes in smart home technology. It raised a seed funding around $ 1 million which

The zero-emission vehicle is a joint venture by Volvo Buses, the Swedish automobile firm and Nanyang Technology University (NTU), Singapore. Reportedly, the trial of 12 meters long Volvo 7900 electric bus has begun in Singapore. The single deck bus has a capacity of 80 passengers with 36 seats installed. The bus would take 80 percent

Maruti Suzuki India’s two-car variants come with a price range of INR 4.84 lakh and INR 4.89 lakh Maruti Suzuki India (MSI), a leading Indian automobile manufacturer has unveiled WagonR S-CNG in the market. It is available in two variants i.e. LXI and LXI (O), priced at INR 4.84 lakh and INR 4.89 lakh respectively. Moreover,

Kia motors have joined hands with Allied Motors to open its first showroom in Noida, Uttar Pradesh marking its debut in India. Mr. Kookhyun Shim, MD and CEO, Kia Motors India, inaugurated the showroom. The 12,000 sq. ft. facilities have dedicated consulting areas, café and lounge for the customers, and dedicated car delivery spot to

Mahindra XUV 300 comes with price range between INR 7.9 lakh to INR 12.9 lakh Mahindra, an Indian multinational car manufacturing corporation has unveiled its compact SUV XUV 300 in the market. The maker of Scorpio and Bolero has entered 40,000 units compact SUV segment with its XUV 300 and challenge Maruti Suzuki’s Vitara Brezza,

GAC Motor has opened a new sales and service center in the heart of the automobile business district in Riyadh, the capital city of Saudi Arabia. The company develops and manufactures premium quality vehicles, engines, components and auto accessories. GAC Motor now operates in 16 countries and has established a global research and development network

Company united through shared commitment to innovation and beautiful design Southern California-based Karma Automotive and the iconic Italian luxury design and engineering house Pininfarina have formed a partnership with Karma automotive. Karma automotive designs, engineers, assemble and markets luxury electric vehicles. Karma Automotive is committed to elevating and growing the luxury mobility experience for its

Hitachi launched TWX-21 to promote advanced procurement processes with installation of JAGGAER’s S2C Application Suite Hitachi, Ltd. and JAGGAER announced that they signed a distribution agreement for JAGGAER’s Source to Contract “S2C” Application Suite. JAGGAER is a leading U.S. company in the strategic sourcing application market, supporting digitalization of the S2C process from supplier survey

The deal would allow both the firms top scale up their business growth. Calgary, Alberta, Canada based, Quorum Information Technologies Inc. recently made an announcement that it has completed the arm’s-length acquisition of Oasis Auto Complete Systems Limited pursuant to a share purchase agreement between both the entities. Located in London, Ontario, Canada, Oasis’s customers

Indonesian ride-hailing company, Go-Jek is now ready to expand its services to the rest of Singapore In late November, Go-Jek started offering its services to passengers riding to and from in the eastern and south-central parts of Singapore. The beta version of this app on iOS and Android was launched only for areas like Singapore’s Central Business

Certain Model 3 cars prices were cut by up to 7.6 percent As seen on the California-based electric carmaker Tesla’s Chinese website, prices of certain Model 3 cars were cut by up to 7.6 percent. Now, the starting price for a Model 3 in China is 499,000 Yuan ($72,000). Third price cut of the year

Kia intends to launch a sub 4-metre SUV, an MPV, a premium hatchback and a PHEV back-to-back by 2022 South Korea-based carmaker Kia is planning to launch the SP Concept-based SUV showcased at the 2018 Auto Expo in India. The premium compact SUV will be the first introduction in the beginning of a long lineup

The collaboration would come up with innovative technological solutions for automobile industries. LeddarTech, an industry leader mastering LiDAR sensor technology has announced that it has entered an agreement with Cailabs, a French deep tech company and global leader in light shaping technology, to explore combining LeddarTech’s solid-state LiDAR technology with Cailabs’ laser beam shaping solutions

As per the reports submitted by the Society of Indian Automobile Manufacturers (SIAM), Japan based automotive manufacturer Honda Motorcycle and Scooter India (HMSI) is currently aiming to beat Bajaj Auto in the Indian Automotive market. Market statistics suggest that Bajaj Auto has traded 1,815,590 units (decrease in growth by 1.89 %) from April 2017 to February

Maruti Suzuki is planning to introduce a micro-SUV in Rs 4 to 8 lakh bracket with the Concept Future S in the upcoming AutoExpo in Greater Noida in the first week of February. Maruti Suzuki has already cornered a fourth of the sports utility vehicle market in India, through the new Concept Future S designed

Nvidia joins Uber and Volkswagen trio to work on self-driving technology. Nvidia Corp has decided to under partnership with Uber Technologies Inc and Volkswagen AG, as the graphics chipmaker’s artificial intelligence platforms make further gains in the autonomous vehicle industry. Interestingly, the company already has partnerships in the industry with companies like Tesla and China’s

Hyundai Motor India has unveiled its new 2018 Elite i20 for 5.34 Lakhat at the Auto Expo 2018. The new 2018 Elite i20 will offer options of petrol and diesel engine in Era, Magna Era, Sport, Asta, and Asta (O) trims. The price of the petrol variants will be within a range of Rs 534,900

Honda Cars India has taken a decision to tie up with HDFC, Axis, and ICICI Bank to provide up to 100 percent loan facility to its prospective customers. The special retail finance offers from ICICI Bank include loans up to 100 percent of ex-showroom prices of the models and 90 percent of the on-road prices.

Ride-hailing firm Uber and automaker Mahindra and Mahindra have teamed up to pilot electric vehicles on its platform in India, Mahindra declared in a statement. This has come out after the government is pushing to have all new vehicles electrified by 2030. Uber’s chief business officer in India and emerging markets, Madhu Kannan said in