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Prashant Jain’s 3P India among anchors as Hero Motors raises Rs 300 crore ahead of IPOHero Motors secured Rs 300 crore from anchor investors before its upcoming IPO. The company plans to raise Rs 1,000 crore through a mix of ...
BMW India to hike prices again on pressures from rupee depreciation, high commodity costs: CEOBMW Group India will soon increase vehicle prices for the fourth time this year. High commodity costs and rupee depreciation are pressuring...
The “other Hero” comes to Dalal Street: A Munjal family story with a market twistHero Motors, the Munjal family-controlled automotive technology company, is set to enter Dalal Street with a Rs 1,000 crore IPO. The compan...
Ather launches Konarc electric scooter at ₹99,999 with 200 km range, 10-year battery warrantyThe new Konarc electric scooter by Ather Energy is now on the market, starting at ₹99,999. This model features the innovative EL platform a...
India plans Rs 13,000 crore in aid to spur battery parts outputIndia's new plan aims to reduce reliance on Chinese producers and boost local manufacturing. The government sees fostering a domestic batte...
In 2008, University of Michigan researchers won a $2 million grant to make parked EVs feed power back to the grid. 18 years later, some firms have reached commercial offerings, turning some parked cars into grid-connected batteriesIn 2008, University of Michigan researchers received a $2 million grant to test a simple premise: drawing power back from parked vehicles. ...
Hyundai goes big on India with 26 new models as it plots 100+ vehicle global offensiveHyundai is gearing up for an extensive expansion, aiming for over one hundred global vehicle launches and enhancements by 2030. In India, t...
BMW has a new luxury car customer in India: CEO Hardeep Singh Brar reveals who is giving BMW an edge over other German rivalsIn an interview with ET Online, BMW Group India President and CEO Hardeep Singh Brar discussed the changing luxury car market, the growing ...
BMW X1 LWB Launched in India: Price, features, engine, interior space and what’s new in the long-wheelbase SUVBMW has launched the new X1 Long Wheelbase (LWB) in India. The luxury SUV offers significantly more rear cabin space and legroom, along wit...
India may add 45-50 GW renewable capacity annually over next 2 years: ReportIndia's ambitious renewable energy plans aim for an addition of forty-five to fifty gigawatts each year, supported by a significant number ...
BMW wants nearly one in three cars it sells in India to be electricBMW expects electric vehicles to account for more than 30% of its India sales by year-end, up from 26% currently. The luxury carmaker is al...
Volkswagen willing to cede majority control in India unit to local partner: Skoda Auto CEO Klaus ZellmerVolkswagen Group is open to ceding majority control in its Indian operations to a local partner as Skoda Auto moves closer to signing an Mo...
- As Opel turns to Chinese partners, its hometown frets about the future
Struggling like many other European automakers, Opel is expanding its partnership with Leapmotor to build a new SUV, tapping the Hangzhou-b...
Mercedes, BMW, Volkswagen, Audi and Porsche are losing China to EV upstartsAs competition in the Chinese automotive sector intensifies, German car manufacturers are witnessing a decline in sales and profitability. ...
Honda outsources new vehicle program to Tata Tech to cut costsHonda has outsourced a new vehicle platform development to Tata Technologies. This move aims to significantly reduce costs and accelerate i...
BMW CEO vows to overhaul business after disappointing first halfThe company's forecast range of 1% to 3% for its core operating margin includes a 1.25 percentage-point burden from workforce restructurin...
BMW aims to cut 8,000 jobs by end 2027, source saysBMW plans voluntary redundancy for nearly half its German workforce. This move aims to reduce approximately eight thousand jobs by the end ...