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World Bank arm IFC to invest Rs 600 crores at valuation of up to Rs 6,020 crores in Mahindra & Mahindra's new last mile mobility company

autherAutocar Professional Bureau     calendar22 Mar 2023

The IFC’s first investment in an EV manufacturer in the country and the first in electric three-wheelers globally will be in the form of compulsory convertible instruments at a valuation of up to Rs 6,020 crores. The Rs 600 crores investmen...

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Commercial e3W maker Altigreen launches its second retail experience centre in Mumbai and 26th overall in country News
Commercial e3W maker Altigreen launches its second retail experience centre in Mumbai and 26th overall in country

By Chandan B Mallik calendar21 Mar 2023

Bengaluru-based 10-year-old start-up is rapidly expanding retail footprint, to ramp up production from 650 units per m...

February 2023 auto retails rise 16%, all five segments record double-digit growth ahead of festive March Analysis Sales
February 2023 auto retails rise 16%, all five segments record double-digit growth ahead of festive March

By Ajit Dalvi calendar06 Mar 2023

With sales of over 1.77 million units, February was one of the better months in the ongoing fiscal for India Auto Inc;...

EV sales charge past 100,000 units for fifth month in a row and a million in FY2023’s first 11 months Analysis Sales
EV sales charge past 100,000 units for fifth month in a row and a million in FY2023’s first 11 months

By Ajit Dalvi calendar04 Mar 2023

Retails of 106,107 electric vehicles in February indicate sustained growth for India EV Inc, which has charged past th...

Autocar Professional’s March 01, 2023, issue is out! News
Autocar Professional’s March 01, 2023, issue is out!

By Chandan B Mallik calendar03 Mar 2023

The highlight of the issue is about how the Renault Nissan Alliance plans to move forward with its business in India.

Bajaj Auto domestic sales up 36% in February, export crashes News
Bajaj Auto domestic sales up 36% in February, export crashes

autherAutocar Professional Bureau calendar01 Mar 2023

Domestic two-wheeler sales also grew by 25 percent. to 1,20,335 units from 96,523 units in the year-ago month.

Autocar Professional’s February 15, 2023, issue is out! News
Autocar Professional’s February 15, 2023, issue is out!

By Chandan B Mallik calendar22 Feb 2023

Keep up with the latest automotive industry developments with this 64-page magazine that includes news, features, inte...

Mahindra Last Mile Mobility and SLA Mobility sign Distribution Agreement of electric 3-wheelers in Sri Lanka News
Mahindra Last Mile Mobility and SLA Mobility sign Distribution Agreement of electric 3-wheelers in Sri Lanka

autherAutocar Professional Bureau calendar16 Feb 2023

The agreement was signed in January 2023, and will involve distribution, and service support.

Piaggio to sell made-in-India Apé Electrik three-wheelers in the Philippines News International
Piaggio to sell made-in-India Apé Electrik three-wheelers in the Philippines

autherAutocar Professional Bureau calendar14 Feb 2023

The Apé E-City and Apé E-xtra, which are manufactured in PVPL’s plant in Baramati, Maharashtra, will be exported to th...