Topics: Auto Business

Blu Smart raises $6.6 million from Mumbai Angels, Venture Catalyst, and others

Delhi-based e-taxi startup Blu Smart has raised $6.8 million (approx Rs 51 crore) in pre-series A round funding from Mumbai Angels and others. The new...

Geely raises $836 million through shares sale

Hong Kong-based automaker Geely has raised HK$6.48 billion ($836 million) through a share sale. In a statement issued, Geely said, "The company has raised HK$6.48...

Coronavirus Update: Honda to resume its Wuhan plant operation from February 21

Honda Motor Co on said Friday it now plans to restart operations at its vehicle plant in Wuhan, China on February 21, a week...

SIAM: Auto sales across categories reports 13.83 percent decline in January

Society of Indian Automobile Manufacturers (SIAM) on Monday reported a decline of 6.2 percent in January sales in domestic passenger vehicles. According to the new...

Samridhi Highway Solutions launches “Fuel Humsafar,” a door-to-door fuel delivery service in Delhi NCR

Delhi-based fuel delivery startup Samridhi Highway Solutions has announced the launch of 'Fuel Humsafar,' a doorstep fuel delivery service in Delhi NCR. The new service...
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Ashok Leyland records 28 percent decline in December sales

India's largest auto-manufacturing giant Ashok Leyland has reported a decline of 28 percent in its total commercial vehicle sales in December. In a filing at...

Hyundai Motor to get price hike from January

India's largest automaker Hyundai Motor India has announced that, "It will increase the prices of its entire product range from next month." In a statement,...

Hinduja's Ashok Leyland sales dip by 22 percent in November to 10,175 units

India's largest automaker giant Ashok Leyland has reported a decline of 22 percent in total commercial vehicle sales at 10,175 units in November. In a...

Toyota Kirloskar Motor reports 5 percent drop in October Sales

Toyota Kirloskar Motor (TKM) on Friday reported a 5 percent decline in total sales at 12,610 units in October. The company had posted total...

United States may agree for “No tariffs rise on Japanese Cars”

The United States will agree not to raise tariffs or introduce curbs to import quotas on Japanese cars when the country’s leaders meet next...
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Nissan Motors to layoff 10,000 employees from its global workforce: Reports

Nissan Motor Co Ltd plans to expand job cuts to over 10,000 to help turn around its business, a person with direct knowledge of...

Volkswagen expects global sales to be in line for its core brands in 2019

Volkswagen expects global sales of its core brand this year to be in line with the 6.24 million level that it achieved in 2018...

Hero MotoCorp sales decline by 1.96 percent in February

Two-wheeler market leader Hero MotoCorp on Friday reported 1.96 per cent decline in total sales at 6,17,215 units in February. The company had sold...

Hyundai Motor to boost the auto business margin to 7 percent by 2022

Hyundai Motor Co said on February 27 that it plans to boost the core automotive businesses' operating profit margin to 7 percent by 2022,...

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