IndianOil launches SERVO Greenmile and SERVO Raftaar lubricants

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IndianOil launched two new premium lubricants – SERVO Greenmile and SERVO Raftaar, specifically designed for BS-VI vehicles to help reduce emissions and improve engine performance.

Hydrogen Engine-equipped Corolla to Enter Super Taikyu Race in Autopolis

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Toyota Motor Corporation (Toyota) announced today that it will enter a vehicle equipped with a developmental hydrogen-powered engine at the five-hour-long Super Taikyu Race in Autopolis, which takes place from July 31 to August 1, 2021. The hydrogen engine is being developed as part of Toyota's efforts to realize a carbon-neutral mobility society.

Auto Sales: Positive momentum from June should continue in July

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Automobile Business
Ease in lockdowns and pent-up demand across regions to aid sales.Expect a sequential improvement in volumes across segments, barring Tractors Mumbai, July 30: As per a research report released by Emkay Global Financial Services, the auto sales for the month of July 2021 is likely to be strong. The channel-check exercise undertaken by the research firm indicates a positive momentum as...

Eqaro Guarantees ties up with Terra Motors & digital lender Prest Loans to extend credit default guarantees for E-vehicles

Eqaro Guarantees, a pioneer in the field of credit default guarantees has tied up with Terra Motors and digital lender Pest Loans. Under the three-way arrangement, Eqaro Guarantees will be extending credit default guarantees on the loans extended by Prest Loans for the purchase of electric vehicles sold by Terra Motors.

Tesla To Set Up EV Manufacturing Plant In Karnataka

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American EV manufacturer Tesla is planning to set up a manufacturing unit in India. This new plant will be built in Karnataka, as confirmed by the state government in a recent document outlining the highlights of India’s budget. Last month, the company had registered in India under ‘Tesla Motors India and Energy Private Limited’, with its registered office in...

Passenger Vehicle Sales Rose 11% To 2.76 Lakh Units In January: Industry Body

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Passenger vehicle sales rose by 11 per cent to 2.76 lakh units in January from 2.48 lakh units in the year-ago period, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday. The increase in sales for sixth consecutive month was largely due to pent-up demand and sustained preference for personal mobility. SIAM said two-wheeler sales went up by...

BattRE Planning To Expand Its Reach To 250 Dealers By The End Of Next Fiscal Year

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Indian EV start-up, BattRE Electric Mobility has launched over 100 dealers mark in India, being one of the fastest growing sales and service networks across the country. After their launch in June 2019, the Jaipur based start-up now has its presence in Punjab in the North to Tamil Nadu in the south along with Gujarat in the west and...

Apollo Tyres Hits 52-Week High As Profit More Than Doubles In December Quarter

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Shares of tyre maker Apollo Tyres surged as much as 12.42 per cent to hit fresh 52-week high of ₹ 255.55 on the BSE a day after it reported December quarter earnings. Apollo Tyres net profit during the October-December period more than doubled to ₹ 444 crore as against profit of ₹ 174 crore during the same quarter last...

Maruti Suzuki’s Net Profit Surges 24% To ₹1,941 Crore in Q3 On Festival Sales

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Maruti Suzuki on Thursday said it sold a total of 495,897 vehicles during the third quarter — up 13.4 per cent compared with the year-ago period. The automaker's net profit grew 24 per cent for the quarter ended December 31, on the back of strong sales. Net profit for Maruti rose to ₹1,941 crore as sales grew ₹22,367 crore —...

F1: Aston Martin Trolls Mercedes On Twitter Over Hamilton Contract

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Aston Martin's Twitter handle is having some cheeky fun with the Mercedes social media team on a post where the legendary British team welcomes in its latest scout, Sebastian Vettel, who joins them after a 6-year stint with Scuderia Ferrari. "Oh, really? You're missing out. Unless you don't really like updates about drivers, of course," tweeted the Aston Martin...