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NIIF’s India-Japan Fund To Invest Rs 400 Crore In Mahindra Last Mile Mobility

Jan 14, 2024, 11:18 AM

NIIF’s India-Japan Fund To Invest Rs 400 Crore In Mahindra Last Mile Mobility

The investment has been valued at Rs 6,660 crore, resulting in IJF’s stake in MLMML ranging from 6.06-8.25 per cent

1 Min

car&bike Team | Jan 14, 2024
Ford EcoSport With EcoBoost Engine Recalled In The US For Oil Pressure Issues
The recall affects 1,39,790 Ford EcoSport and Focus models both of which have been discontinued in the US
2 mins read
car&bike Team | Jan 13, 2024
Dodge Durango SRT 392 AlcHEMI Edition Kicks Off Final Year of The V8 SUV
The first in a series of 'Last Call' models the AlcHEMI is based on the Durango SRT 392 and gets cosmetic updates over the standard SUV.
1 min read
car&bike Team | Jan 13, 2024
CEAT Indian Supercross League Announces 2024 Season One Race Calendar
Season 1 on the Indian Supercross League will feature three rounds being held in Pune, Ahmedabad and Delhi.
1 min read
car&bike Team | Jan 13, 2024
CES 2024: Google Announces Updates For Vehicle Infotainment Systems, Android Auto
Tech giant announces new apps and connectivity support for Google built-in infotainment system and EV-specific updates for Android Auto.
1 min read
car&bike Team | Jan 13, 2024
Mercedes-AMG Unveils MBUX Sound Drive Tech in Collaboration With will.i.am
New tech uses on-board sensors to monitor vehicle driving dynamics and convert the same into auditory notes via the car's audio system to create unique soundtracks.
1 min read
Jafar Rizvi | Jan 13, 2024
Skoda Auto Volkswagen India Cumulatively Sells Over 1.45 Lakh Units In 2023
The combined sales of the Volkswagen brands in India – Skoda, Volkswagen, Audi, Porsche, and Lamborghini – witnessed a YoY growth of 4 per cent in the domestic market.
1 min read
car&bike Team | Jan 13, 2024
VW’s Cariad, Bosch Partner To Test Automated Valet Charging Tech For EVs
The system combines Bosch’s automated valet parking tech with charging robots to self-park and charge EVs in parking lots.
1 min read
car&bike Team | Jan 13, 2024
Mumbai Trans Harbour Link Now Open To Public
The 21.8 km long six-lane bridge has been constructed at a cost of over Rs 17,840 crore and is the longest bridge in the country.
1 min read

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Motorsports

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Sameer Contractor | Dec 4, 2017
Sauber Unveils 2018 Alfa Romeo F1 Livery Concept; Ericsson and Leclerc Announced Drivers
The Alfa Romeo Sauber F1 Team has revealed the new livery concept for the 2018 Formula 1 season. The new concept brings the new red and white paint scheme to the car, while also incorporating the team's new title sponsor and technical partner 'Alfa Romeo'. The unveil event in Milan, Italy, for the new livery also saw Sauber announce its driver line-up for 2018, which includes Marcus Ericsson and Charles Leclerc as the new drivers for 2018.
1 min read
Sameer Contractor | Dec 3, 2017
Formula E Hong Kong ePrix: Daniel Abt Disqualified For Technical Infringement; Rosenqvist Crowned Winner
In a shocker for Audi Sport and driver Daniel Abt, the driver has been disqualified from Race 2 of the Hong Kong ePrix, promoting Felix Rosenqvist to the to top spot. Abt was stripped of his maiden Formula E win, also a first for the now factory-backed team, after Edoardo Mortara spun in the closing stages of the race while in the lead.
1 min read
Sameer Contractor | Dec 3, 2017
Formula E Hong Kong ePrix: Daniel Abt Secures Win In Round 2 Ahead Of Felix Rosenqvist
Daniel Abt secured his first ever win in Formula E in Round 2 of the Season 4 Hong Kong ePrix. The win also marked the factory backed team's first ever since Audi came on board. Abt's victory though was nothing short of luck as race leader Edoardo Mortara spun in the closing stages of the race, handing over the win. Meanwhile, Mahindra Racing's Felix Rosenqvist finished second in the race, securing the second podium for the team this weekend ahead of Mortara.
1 min read
Sameer Contractor | Dec 3, 2017
Formula E Hong Kong: Sam Bird Wins Season Opener Despite Penalty; Mahindra's Nick Heidfield Finishes 3rd
DS Virgin Racing driver Sam Bird sealed the first win in the Formula E Season 4 opener in Hong Kong. The victory though was nothing less than dramatic as Bird survived a drive through penalty to claim the win. Finishing second was Jean-Eric Vergne of Techeetah, who started the Hong Kong ePrix on pole but couldn't hold the lead for long over Bird's aggressive drive.
1 min read
Sameer Contractor | Dec 1, 2017
Mahindra And Renesas Announce Technical Partnership For Formula E
Mahindra and Mahindra has announced a strategic partnership for Formula E with Japan's Reneses Electronics Corporation. Reneses is a supplier of advanced semi-conductor solutions will come on-board as a technology partner for the Mahindra Racing Formula E team. The partnership comes as part of the Indian automaker's 'race to road' strategy for electric vehicle development via Formula E.
1 min read

Auto Industry

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Reuters | Jul 28, 2022
Tata Motors Aims To Sell 50,000 EVs In This Fiscal Year
Tata Motors aims to sell about 50,000 electric vehicles (EVs) in the fiscal year to March 31, and double that in the 2023/24 period, Chairman N Chandrasekaran told a shareholders' meeting on Monday.
1 min read
Reuters | Jul 28, 2022
Oil Settles Higher On U.S. Inventory Drop, Russia Gas Cuts
Oil settled up more than $2 on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker demand and a U.S. interest rate hike.
1 min read
Reuters | Jul 28, 2022
India's Reliance Industries Profit Surges, Powered By Oil Business
India's Reliance Industries Ltd reported a 46.3% jump in June-quarter profit, as robust refining margins due to intake of cheaper Russian crude and fuel exports buoyed its dominant oil-to-chemicals business.
2 mins read
Reuters | Jul 28, 2022
Twitter Has Legal Edge In Deal Dispute With Musk
Musk's main claim against Twitter is that the San Francisco-based company breached their deal because it will not share with him enough information to back up its claim that spam or fake accounts constitute less than 5% of its active users.
4 mins read
Reuters | Jul 28, 2022
Baidu Unveils Autonomous Vehicle Without Steering Wheel
China's search engine giant Baidu Inc on Thursday unveiled its new autonomous vehicle (AV) with a detachable steering wheel, with plans to put it to use for its robotaxi service in China next year.
2 mins read
Reuters | Jul 28, 2022
Elon Musk Seeks To Block Twitter Request For Expedited Trial
Musk's lawyers, in papers filed with the Delaware Chancery Court, said Twitter's "unjustifiable request" to rush the merger case to trial in two months should be rejected.
1 min read
Reuters | Jul 28, 2022
Hyundai Motor Launches First Electric Sedan, Taking On Tesla
The Hyundai electric sedan will have a driving range of about 610 kilometres (380 miles), around 30% more than the Ioniq 5 crossover, Hyundai said.
2 mins read
car&bike Team | Jul 28, 2022
Oil Edges Up After U.S. Stock Build, Big Inflation Figure
Global benchmark Brent is down sharply since hitting $139 in March, which was close to the all-time high in 2008, as investors have been selling oil of late on worries that aggressive rate hikes to stem inflation will slow economic growth and hit oil demand.
2 mins read
Reuters | Jul 28, 2022
S.Korea Willing To Back U.S. Plan To Cap Russian Oil Price
South Korea said it was willing to support U-S. led plans to impose a price cap on Russia oil, agreeing with Washington's initiatives to limit revenue to Moscow while mitigating global inflation.
1 min read