Tata Starbucks has launched an employee benefits programme that will give its staff in India a special financing support to purchase a two-wheeler vehicle for professional or personal use. The two-wheeler support programme is created based on a survey of employees that showed reliable transportation as one of the top areas of concern. In a … Read more
Auto1 could IPO in Frankfurt next month, Insider understands. Auto1 said Wednesday that it seeks to raise $1.2 billion, but did not give detail on a valuation. The mooted higher valuation comes amid strong performance from Auto1’s US competition. Visit Business Insider’s homepage for more stories. Auto1 Group, a European platform for used car sales, … Read more
Indian automakers replenished stocks before the new year, helping wholesale auto sales witness healthy growth. Inventory was lower than usual for passenger vehicles and tractors, leaving headroom for higher inventory filling in the coming months, industry executives said. They said spillover demand from the festive season and inventory refilling would drive demand for passenger vehicles … Read more
Little more than a year… it has already raced ahead of Mahindra and is now number 4th in market share
Elon Musk has overtaken Bill Gates as the world’s second-richest person. His net worth is now $128 billion. Musk’s wealth has been on a steady climb this month: Tesla’s market cap soared as high as $498 billion Monday as it is set to join the S&P 500 in December. The jump in Musk’s net worth … Read more
Nearly every major automaker has some kind of electrification plan in the works, following the EV lead set by Tesla. But pure EVs still have limited range and nationwide charging infrastructure isn’t where it needs to be in the US just yet. Plug-in hybrids with good EV-only range are the solution. Much of the talk … Read more
If you live in Turkey or Pakistan and are looking to sell your car, the world’s biggest independent oil trader wants to make a deal. Vitol Group, which traded more than 8 million barrels of oil and petroleum products a day in 2019, is getting into the used-car business. The storied trading house, founded more … Read more
Alternet Systems, Inc. (USOTC: ALYI), like all electric (EV) vehicle industry participants, recognizes that battery cost and driving range are key factors in clearing the way to the widespread adoption of electric vehicles. Recent battery technology advances are now bringing the EV industry close to a wide spread adoption “tipping point”. The Great Battery … Read more
As it lines up a fresh Rs 8,000-crore investment for India, German auto giant Volkswagen Group has said that it is not easy to do business in the country and warned that putting restrictions on, or delaying, imports of critical components from China is a retrograde measure and an “old socialist model, held good in … Read more