Automobiles and Auto Industry News Update
CARS24 Raises $450 Million, Nearly Doubles Its Valuation To $1.84 Billion
9/25/21, 6:16 AM
CARS24, India’s leading e-commerce platform for pre-owned vehicles, announced today the closing of a $450M round of funding including a $340M Series F equity round alongside $110M debt from diversified financial institutions.
Hyundai Motor India Rolls-Out Fastest ‘10 Millionth’ Car
7/5/21, 3:43 AM
Hyundai Motor India Ltd (HMIL), India’s first Smart Mobility Solutions Provider and the largest exporter since inception, reinstated its commitment to Make-in-India with the fastest rollout of 10 million cars state-of-art manufacturing facility in India near Chennai, Tamil Nadu.
India gets Asia’s longest and world’s fifth-longest High-Speed Track for automobiles
6/30/21, 3:41 AM
Minister of Heavy Industries and Public Enterprises Prakash Javadekar inaugurated NATRAX- the High-Speed Track(HST) in Indore which is the longest such track in Asia. NATRAX, developed in an area of 1000 acres of land, is a one-stop solution for all sorts of high-speed performance tests for the widest categories of vehicles from 2 wheelers to heavy tractor-trailers.
ŠKODA AUTO India commences production of the all-new OCTAVIA
6/3/21, 5:58 AM
ŠKODA AUTO India announced the start of production of the all-new OCTAVIA at its production facility in Shendra, Aurangabad. The celebratory Lava Blue vehicle dons the Lauren & Klement badge that pays homage to the founders of the longstanding Czech auto manufacturer as well as its 125 years of rich history and heritage. Slated to be introduced later this month, the latest ŠKODA offering will build on the OCTAVIA's strong legacy - taking technology, features and overall luxury quotient to the next level.