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Automobiles Industry India News & Recent Update | IBEF

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Passenger vehicle retail sales up 1 per cent in November: FADA Retail sales of passenger vehicles in November 2019 witnessed an increase by 1 per cent to 2,57,271 units against the same period last year: Federation of Automobile Dealers Association (FADA)...

IBEF December 12, 2019

Citroen set for India entry with digitised sales process European auto major Groupe PSA is ready to enter Indian market with smaller yet highly digitalised showrooms in ten cities for Citroen brand....

IBEF December 10, 2019

MTPL to set up off-highway tyre facility in Gujarat, invest $107 million Mahansaria Tyres Private Limited (MTPL) to set up a US$ 107 million facility to manufacture off-highway tyres in Gujarat....

IBEF December 09, 2019

CarDekho closes $70 mn funding round from top investors in China, Europe CarDekho has raised US$ 70 million in a Series D round, led by Ping An's Global Voyager Fund, has secured a cumulative funding of more than US$ 250 million till date....

IBEF December 06, 2019

CredR raises US$ 6 Million in latest funding round led by Omidyar Network India Mumbai-based Incredible Technologies Private Limited (CredR), one of the country's largest used motorcycles consumer brand, has raised Rs 38 crore (around US$ 6 million) from Omidyar Network India along with existing investors....

IBEF December 06, 2019
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