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  • Our Next Energy raises another $300 million

    Battery startup Our Next Energy Inc. raised $300 million in its series B funding round, the company said Wednesday. The investments valued the Michigan company at $1.2 billion. The company intends to use the funds for building the second phase of a $1.6 billion battery-cell factory slated for completion in 2024, company founder and CEO Mujeeb Ijaz told Automotive News.…

  • Maruti Suzuki PV sales up 14% to 1.47 lakh in January 2023, Auto News, ET Auto

    Sales of mini segment cars, comprising Alto and S-Presso, grew to 25,446 units as against 18,634 units last month.New Delhi: The country’s largest carmaker Maruti Suzuki India Limited on Wednesday reported a 14.2% increase in its domestic passenger vehicles sales to 147,348 units in January 2023, as against 128,924 units in January last year. The company also reported a 12%…

  • Tata Motors domestic sales up 10% to 79,681 units in January 2023, Auto News, ET Auto

    New Delhi: Automaker Tata Motors on Wednesday reported a Y-o-Y growth of 10% to 79,681units in January 2023. The company had sold 72,485 units in January 2022. In the Commercial Vehicle section, domestic sales of M&HCV in January 2023, with a growth of 24%, stood at 10,736 units, compared to 8,660 units in January 2022. The sale of I&LCV in…

  • Top hits & misses for auto sector, Auto News, ET Auto

    FM said that the Budget has adopted seven policies namely inclusive development, last mile connectivity, infrastructure & investment, unleashing potential, green growth, youth power, #FINANCIAL sector.New Delhi: In the Modi 2.0’s last full-year budget of 2023, Finance Minister Nirmala Sitharaman has announced some major reliefs for the middle class, farmers, startups and railways. FM said that the Budget has adopted…

  • Bajaj Auto vehicle sales fall 21% to 2.85 lakh units in January, Auto News, ET Auto

    Bajaj Auto had shipped out 2,13,787 vehicles to various overseas markets in January 2022.New Delhi: Bajaj Auto on Wednesday said its total vehicle sales fell 21% to 2,85,995 units in January. The company’s vehicle sales stood at 3,63,443 units in the corresponding period of last year. Total domestic sales rose 16% to 1,73,270 units in January 2023 as against 1,49,656…

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