Other participants in the round include existing investors such as Al-Futtaim Automotive, Lowercarbon Capital, Toyota Ventures, and Maniv Mobility.

Vanguard’s latest valuation cut represents a significant 74% reduction from Ola’s peak valuation of approximately USD 7.3 billion.

Hyundai Motor India is currently in preliminary discussions regarding the IPO, having engaged with various banks for consultations.

This positive sentiment aligns with the company’s relatively conservative and neutral outlook declared in November 2023.

This move comes as the country aligns itself with the majority of developed economies, setting the stage for a more sustainable and eco-friendly automotive future.

Out of the 23 participants in the test, the HiPhi Z exhibited an outstanding deviation of only 5.9 percent from the certified WLTP test numbers, …

The event covered a wide spectrum, including aftermarket solutions for two-wheelers, passenger vehicles, commercial vehicles, and agricultural vehicles.

The three-day trade fair, concluding on February 3, 2024, positions ACMA Automechanika as a pivotal platform.

Tickets for FlixBus India are available starting February 1, with the inaugural routes commencing from February 6.

The decision comes in the aftermath of probes initiated by the U.S. Justice Department and the SEC following an accident involving a Cruise robotaxi in …