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Category: AUTOMOBILE

Bengaluru becomes the World’s Scooter-Sharing Capital, beating Madrid & Paris; clocking over 100,000 Rides a Day

Bengaluru is the world’s scooter-sharing capital, shows a report by German e-scooter maker Unu. Thanks to mobility startups Bounce and Ola-backed Vogo, the city accounts for over 15,000 of India’s 20,000-odd scooters – much ahead of Madrid and Paris. The two desi ventures together clock over 100,000 rides a day even as cab-aggregators Uber and […]

Chinese Automobile Giant Great Wall Motors to invest ₹7,000 Crores in Gujarat to set up a Manufacturing Plant

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Great Wall Motors, China’s largest SUV maker, plans to invest ₹7,000 crore in an Indian subsidiary it has recently incorporated, Economic Times reports. The company has scouted for sites in at least five states, but Maharashtra has emerged the top contender. Among the options are the land purchased by Chinese truck maker Foton at Chakan […]

Ola, Uber are Hunting for Versatile Business Models Beyond Cabs; to explore more Growth Avenues

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Ola and Uber are looking beyond cabs in their hunt for growth, Economic Times reports. Industry experts say the companies are likely to focus on bike taxis and autos, car rentals, corporate tie-ups and collaborations with public transporters to shore up ride numbers as their core business slows. That’s because four-wheeler taxis aren’t affordable for […]

Ratan Tata To Invest In Pune-Based Electric Vehicle Start-up Tork Motors; to boost Made in India Electric Two Wheeler

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Electric vehicle startup Torque Motors said on Monday that Ratan Tata has decided to invest in the company. However, the company has not disclosed the amount to be invested. Earlier, the Pune-based company has also received investments from Bhavish Agarwal, founder of Bharat Forge and Ola Cabs.

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