Tag Archives: in

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 »

New Maruti Suzuki Alto 800 – Now in pictures

Maruti Suzuki has updated its entry-level hatchback, the Alto 800, which has been India’s best-selling car for 15 consecutive years. The car now comes with enhanced safety features and a refreshed front-end design. Also, the engine is now BS-VI compliant, nearly a year before the regulation being mandated. Here’s a picture gallery of the updated Alto packing in a lot more than before. ... Read More »

IFC offers $43.3 mn in debt funding to Hero Future Energies

International Finance Corporation plans to provide debt financing of up to $43.3 million (Rs 300 crore) to Hero Future Energies Global Ltd for the construction of a solar power plant. The money will be used to build a 250-megawatt project at Bhadla in Rajasthan, the World Bank’s private-sector investment said in a disclosure. The total project cost is $200 million. ... Read More »

View: Future of democracy is literally in India’s hands

. “On or about December 1910, human character changed,” the English novelist Virginia Woolf once wrote. It’s no exaggeration to say that human character in India changed equally dramatically between 2014 and 2019 as the number of active smartphones in the country quadrupled from 100 million to 400 million. Woolf, like many of her contemporaries in the early 20th century, was interested ... Read More »