Avis Budget shares touch record high as short squeeze hammers bearish betsAvis Budget shares surged to a record high, fueled by a significant short squeeze. High short interest, exacerbated by major holders like S...
21 Apr, 2026, 10.09 PM IST
Spinny closes $131 million funding round from existing investors led by Accel Leaders FundSpinny had last raised $283 million in December 2021 led by Abu Dhabi-based ADQ, Tiger Global and Avenir Growth – in a round that catapulte...
31 Mar, 2025, 08.09 PM IST
Budget 2024: Will interim budget roll out the red carpet for Tesla?Union Budget: India is positioning itself to welcome Tesla, buoyed by efforts to ease import duties and facilitate the electric vehicle (EV...
02 Jan, 2024, 11.36 AM IST
Spinny's losses swell to Rs 820 crore in FY23, revenue surges 30XTiger Global-backed Spinny's gross revenue surged 30 times to Rs 3,262 crore in FY23 from Rs 109 crore in FY22, according to its financial ...
08 Nov, 2023, 05.31 PM IST
Used car startup Spinny lays off around 300 employeesThe layoffs are part of a restructuring exercise that will also see its budget and luxury car offerings — Truebil and Spinny Max — being me...
03 Aug, 2023, 06.18 PM IST
India's EV market expected to cross 1-cr sales mark per year by 2030, Economic Survey saysIt said the EV market will create five crore direct and indirect jobs. In December 2022, India became the third-largest automobile market, ...
31 Jan, 2023, 08.50 PM IST
Planning to buy electric car? What Budget 2023 can offer as income tax benefitsThere is a thrust from the govt to push electric vehicles to the common man. Many auto mobile companies are planning to launch electric veh...
05 Jan, 2023, 10.20 PM IST
Don’t let your first car be a costly mistake: Here is how to buy car the smart wayNot being ready before stepping onto a car lot can open the door to making a purchase you’ll later regret. So you should set your limits be...
02 Jun, 2022, 10.47 AM IST
Govt unlikely to announce capital infusion for PSU banks in Budget 2022-23Finance Minister Nirmala Sitharaman is expected to present the fourth budget of the Modi 2.0 government on February 1. It is to be noted th...
12 Dec, 2021, 11.11 AM IST
Benefits on buying new vehicles on scrapping of old; taxes, levies for polluting cars: Nitin GadkariThe voluntary vehicle scrapping policy announced in the Union Budget for 2021-22 is touted as a major step to boost the Indian automobile s...
08 Feb, 2021, 01.24 PM IST
Vehicle scrappage policy: What it means and how it will impact car buyersThe Centre will be coming out with a voluntary scrappage scheme for getting old vehicles off the roads, however, more details on the scheme...
03 Feb, 2021, 06.06 PM IST
The infrastructure push in the Budget augurs well for the auto industryA 5-percentage point reduction in duties on steel products to 7.5% will also help the companies offset the sharp rise in raw material price...
01 Feb, 2021, 08.21 PM IST
Best cars under Rs 40 lakh to buy in 2021After its 21-year stint ended in 2019, the legendary Safari nameplate is set to make a comeback. Safari is the production name of Gravitas ...
25 Jan, 2021, 11.48 AM IST
Best cars for different budgets to buy in 2021To help you identify the car of your choice, ET Wealth in collaboration with Cardekho.com, enlists some expected car launches this year. We...
25 Jan, 2021, 06.30 AM IST
Luxury car makers seek reduction in taxes on automobiles in upcoming Budget"Anything which is a deterrent to the demand in the sector we should stay away because at the end that will cause problem," Mercedes-Benz I...
17 Jan, 2021, 11.43 AM IST
Aiming for Indian sales this year to be over 2019 levels, says luxury carmaker LamborghiniThe company is hoping that there is no change in the tax structure in the upcoming Budget to let the segment come back to normal growth tra...
03 Jan, 2021, 11.40 AM IST
Denmark is killing Tesla and other electric carsSales in Denmark of Electrically Chargeable Vehicles (ECV), which include plug-in hybrids, plunged 60.5% in the first quarter of the year, ...
03 Jun, 2017, 11.32 AM IST