Thursday, 19 May, 2022
TopicCars

Topic: Cars

Take a look at top 10 car websites in India

From CarDekho to Zigwheels, the online space for automotive content is stacked with leading websites catering to millions of car enthusiasts every month.

Mercedes for Modi and ‘The Beast’ for Biden: World leaders love state cars. It’s their ‘art’

Serving with both looks and protection, state vehicles are so much more than just protective machines. They are symbolic of their countries' power.

Cars24 raises Rs 3,000 crore funding, nearly doubles valuation to Rs 33,000 crore

The used-car platform has closed a Rs 2,250 crore Series G round led by Alpha Wave Capital alongside Rs 750 crore in debt. It has aggressive expansion plans for 2022.

India’s used car website Cars24 raises $450 mn from SoftBank, Tencent, others

The round values Cars24 at $1.84 billion, almost doubling from the end of last year. It’s starting conversations about an IPO and aims to go public in 18 to 24 months.

First GM, now Ford — why India is becoming a graveyard for world’s auto giants

India is a market for low-priced cars with low running costs, and global majors don’t have the models to match Maruti and Hyundai’s entry-level vehicles.

Cars24 to raise $350 mn from SoftBank, others, aims for IPO

The fundraising would value India’s biggest online marketplace for used automobiles at close to $2 billion. It plans to go public in 18 to 24 months.

Nearly half of all prospective new car buyers are thinking of going electric, study suggests

No less than 41 per cent of those who say they intend to purchase a new car are considering an EV — 66 per cent of them in the next 12 months.

Families with 1 flat shouldn’t have 4-5 cars, says Bombay HC on PIL for parking space issues

The bench was hearing a PIL challenging a govt notification amending the Unified Development Control and Promotion Regulations Rules, permitting developers to reduce parking space.

How cars fueled by ethanol can add to India’s food inflation

While use of ethanol has many advantages for India, diverting sugar for its production may be the biggest change for the global sugar industry and could drive a bull market.

Kushal S. Chandi – a 19-year-old who is already a master blogger & the CEO of a company

Kushal's passion for exotic cars led him to set up Platinum Concierge Group. He also blogs on cars.

On Camera

YourTurn

PT Pertamina Balongan refinery in Indramayu, Indonesia | Representational image | Bloomberg

Asian refiners to ramp up gasoline exports to US as sky-high prices beckon

In Asia, gasoline margins have doubled to more than $33 a barrel since the end of March and have edged above those for diesel, which have eased from a peak in early May.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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