Many users have voiced concerns about the lack of transparency regarding BluSmart's refund process. The development unfolds amid an ongoing investigation by Sebi into Gensol Engineering
A number of celebrities and high-profile investors, including MS Dhoni, Deepika Padukone, Sanjeev Bajaj, and Ashneer Grover, had backed the EV startup now under Sebi scrutiny
Kylaq success fuels confidence as carmaker eyes exports, higher India mkt share
Mergers and acquisitions (M&A) continued to gain momentum, recording nine deals worth $359 million-marking the third straight quarter of growth
LCVs to account for 62% of volumes
The sector's credit outlook remains stable, supported by strong liquidity and healthy cash flows
Most segments clock growth, commercial vehicle numbers decline: SIAM
The brand's India strategy remains focused on selective participation in segments where it can use its global resources
Richer product mix to drive Ebitda growth; margins under pressure due to rising input costs, discounting, ad-spends
As part of its plans to reshape new products for the India business, Nissan had earlier announced the launch of the seven-seater B-MPV (multi-purpose vehicle) and two compact SUVs
The policy also includes setting up battery collection centres and establishing a city-wide network of charging and swappable battery stations
The report envisions India advancing to approximately $145 billion in automotive component manufacturing by 2030
As of March 2025, JSW MG Motor enjoys a 31 per cent retail market share in the EV segment, trailing only Tata Motors, which holds a 38 per cent share
The report envisions the country's automotive component production growing to USD 145 billion, with exports tripling from USD 20 billion to USD 60 billion by 2030
The overall luxury car market had grown by around 3 per cent in FY25
Rs 2K-10K cess on non-EVs older than 10 years, pollution cess on petrol under consideration
The Reserve Bank of India (RBI) cut interest rates for a second consecutive time by cutting the repurchase or repo rate by 25 basis point to 6 per cent
The report revealed that 77 per cent of all transactions in the January-March 2025 period took place digitally, indicating continued preference for online car purchases
The Chetak was originally introduced in the 1970s, when it had a strong presence in the Indian scooter market for several decades
The clarification follows reports claiming Ola included bookings for yet-to-be-launched vehicles in its Feb sales data, potentially inflating market share amid efforts to regain investor confidence