Tag Archives: in

New-gen Hyundai Elite i20 spotted testing for the first time in India

– The new Hyundai Elite i20 will be based on an updated platform. – It could get a 1.0-litre turbo-petrol motor, mated to a 7-speed DCT. – The next-gen Elite i20 is likely to be launched next year. The next-generation Hyundai Elite i20 was spotted road testing for the first time near the company’s facility in Sriperumbudur, on the outskirts of Chennai. Although heavily ... Read More »

Here’s why student housing to cost more in India in future

MUMBAI: The cost of education has been skyrocketing across the country. Both health-care and education tend to see double digit inflation every year. To add to the education cost, in the next couple of years you will witness a steep rise in the cost of student accommodation as well. According to real estate consultant JLL, there are nearly 37 million students pursuing higher ... Read More »

Refreshed Renault Duster spied in production form

Renault India is readying another major update of the once-popular Duster SUV for our market. A few months ago, we reported about this development with a first set of spy shots of this SUV. Today, the updated Renault Duster for India has been spotted in North India in what looks like its final production form, possibly undergoing high altitude tests. Not ... Read More »

New car launches in June 2019

The monsoon season is just around the corner and so are two new much-awaited launches and unveilings in India. Of these, the Toyota Glanza and the Jeep CompassTrailhawk will make its debut in the hot-selling hatchback and off-road SUV segment. Meanwhile, Kia and Renault will showcase the SP2i and the Triber, respectively. Read below to learn more about them – Toyota Glanza Toyota Glanza, the rebadged version of the Maruti Suzuki ... Read More »

Used-cars market shines bright as sales hit 4 million mark in FY19

As automakers continue to report plummeting April sales numbers, the factors triggering a slowdown in the new-cars market don’t seem to be weighing on the used-cars market. Used-cars sales crossed the 4 million unit mark in FY19, with it being 1.2x the size of the new car market. It is also poised to reach between 6.7 to 7.2 million cars ... Read More »

Used Car Marketplace Spinny Raises $13.2 Mn In Series A Round

Gurugram-based used car marketplace Spinny has raised $13.2 Mn in Series A funding round led by Accel and SAIF Partners. Existing investors such as Blume Ventures and Simile Ventures had also participated in the round. Raghunandan G (cofounder and former CEO Taxi For Sure) and Haresh Chawla (partner at True North PE firm) also joined the round in their personal ... Read More »

Accel, SAIF, Alteria invest in used car retailer Spinny

New Delhi: Used car online retailing platform Spinny has raised $13.2 million led by marquee early stage investors Accel Partners and SAIF Partners in a Series A round, the company said on late Tuesday evening in a statement. Its existing investors- Blume Ventures and Similie Ventures also participated. Further, it has also raised ₹20 crore in venture debt from Alteria Capital, which provides loans ... Read More »

E-vehicles industry to create 10 million jobs in future: report

India has chalked a plan to aid its electric mobility mission by creating a specialised workforce. The blueprint aims at generating 10 million jobs. The Ministry of Skill Development and Entrepreneurship is in the process of preparing the programme to provide adequate manpower to the electric mobility industry. The strategy includes creating a skilled and trained workforce which has an ... Read More »

What Will It Take For You To Be Successful In The Future?

It is hard to imagine a time before the Internet; before Google, YouTube and Netflix. Gen-Z can’t wrap their heads around the fact we had to fax or send documents by snail mail to get them signed. Gen Z can’t relate to having to go out to physical stores to buy Christmas presents, or that we couldn’t see the other ... Read More »

China electric car firm Faraday Future says obtains $225 mn in bridge financing

SHANGHAI: Chinese electric vehicledeveloper Faraday Future said on Tuesday that it had obtained up to $225 million in bridge financing from a U.S. merchant bank to allow it to complete the development of its flagship FF91 model. Faraday, which has ambitions to overtake Tesla Inc, said in November that it was exploring strategic options, including debt and equity financing, amid a legal fight with Evergrande ... Read More »