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Blue Energy Motors to raise USD 100 million (Rs 760 crore) to fund EV expansion

Blue Energy Motors to raise USD 100 million (Rs 760 crore) to fund EV expansion

Shahkar Abidi and Ketan Thakkar     calendar15 Mar 2024

The company raised approximately USD 10 million in its previous capital raise about a year ago in 2023.

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ACMA welcomes e-vehicle policy, says will foster innovation in auto sector News
ACMA welcomes e-vehicle policy, says will foster innovation in auto sector

autherAutocar Professional Bureau calendar15 Mar 2024

The electric vehicle policy significantly cuts the import duty on electric cars to 15% from the current 70% for five y...

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Skoda reveals Epiq electric concept News
Skoda reveals Epiq electric concept

By Shapur Kotwal, Autocar India calendar15 Mar 2024

The Skoda Epiq compact SUV will have a range of around 400km, with battery capacity for the EU likely to be between 38...

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Toyota’s rebadged version of Maruti Suzuki Fronx unveils on April 3 News
Toyota’s rebadged version of Maruti Suzuki Fronx unveils on April 3

By Saptarshi Mondal, Autocar India calendar15 Mar 2024

New compact car expected to be named Urban Cruiser Taisor.

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Swaraj Tractors launches 'Josh Ka Swaran Utsav' nationwide campaign to honour Indian farmers News
Swaraj Tractors launches 'Josh Ka Swaran Utsav' nationwide campaign to honour Indian farmers

autherAutocar Professional Bureau calendar15 Mar 2024

The campaign includes tractor rallies, customer meets, and other events, bringing together Swaraj's sales team, local ...

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Lexus launches LM 350h luxury MPV at Rs 2 crore News
Lexus launches LM 350h luxury MPV at Rs 2 crore

By Sahil Kukreja, Autocar India calendar15 Mar 2024

The Lexus LM 350h is available in four- and seven-seat layouts and gets a 2.5-litre self-charging hybrid powertrain. 

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Plastic Omnium expands presence in India with new plant and R&D center in Pune News
Plastic Omnium expands presence in India with new plant and R&D center in Pune

autherAutocar Professional Bureau calendar15 Mar 2024

The Technical Centre houses cutting-edge technology for engineers and researchers.

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New EV incentive scheme will increase e-2W costs by 10% vis-a-vis FAME 2: ICRA News
New EV incentive scheme will increase e-2W costs by 10% vis-a-vis FAME 2: ICRA

autherAutocar Professional Bureau calendar15 Mar 2024

Though the reduction in subsidy benefits is a short-term impediment for e2W manufacturers and could exert pressure on ...

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Govt approves new EV policy to cut import tax on cars to 15%; Paves way for Tesla's India entry News
Govt approves new EV policy to cut import tax on cars to 15%; Paves way for Tesla's India entry

By Kiran Murali and Shahkar Abidi calendar15 Mar 2024

Automakers can import completely built-in units (electric) at the concessional rate of duty for five years if they inv...

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BMW Group declares revenues up by 9% to Euro 1,55,498 million News
BMW Group declares revenues up by 9% to Euro 1,55,498 million

By Autocar Pro News Desk calendar15 Mar 2024

The BMW Group revenues were primarily driven by higher sales volumes and positive product mix effects.

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POLL OF THE MONTH

Can GST Cuts Give Long-term Boost to Auto Sales?

Can GST Cuts Give Long-term Boost to Auto Sales?

Yes

 

65.17%

No

 

34.83%

Total Votes : 913