Remove Auto Remove Financing Remove Future Remove News
article thumbnail

Revamp Moto partners with loan providers for 2W financing solutions – ET Auto

Baua Electric

The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% and 15%, with a repayment period extending up to five years. and 15%, with a repayment period extending up to five years.

article thumbnail

Cholamandalam sees rural demand boom in vehicle financing | Autocar Professional

Baua Electric

Cholamandalam Investment and Finance Company Limited, a major participant in India’s vehicle financing sector, reported a significant surge in demand, particularly in rural markets. However, management also expects margins to return to pre-pandemic levels in the foreseeable future.

article thumbnail

Volkswagen to rebrand used car biz, plans future investments – ET Auto

Baua Electric

That stability is very important for us to make the path for the future. So that is what the effort has been over the last 2-3 years – bringing stability in all the operations and especially the financial performance, and then you can look for future investment and that’s what we are working on now.”

Future 52
article thumbnail

Mullen secures $150 million financing deal, production Bollinger is a go

Baua Electric

Mullen received a $100 million financing commitment from an undisclosed family office and sold an additional $50 million of senior secured convertible notes to both family offices and high net worth investors. FTC: We use income earning auto affiliate links.

article thumbnail

GreenCell Mobility secures Rs 300 crore in green financing from Sumitomo Mitsui Banking Corporation | Autocar Professional

Baua Electric

This transaction not only marks the first Project Finance by a Japanese bank in the Electric Mobility domain in India but is also SMBC’s first Project Finance transaction in E-Mobility in Asia Pacific, the press release noted.

article thumbnail

Kolhapur has potential to be auto component mfg hub: Gadkari – ET Auto

Baua Electric

Shutting down petrol and diesel pumps in the country is my dream and biofuels are the future,” Gadkari said, while addressing youth, traders, entrepreneurs and intellectuals during ‘Coffee with Nitinji’ event at Maha Sainik Darbar Hall in Kolhapur city on Saturday morning. It will also benefit the farmers.

Auto 52
article thumbnail

Ashok Leyland Q4 net PAT up 17% to INR 934 cr – ET Auto

Baua Electric

Ashok Leyland’s key subsidiaries Switch Mobility, Ohm Mobility, Hinduja Leyland Finance and Hinduja Tech are progressing well and continue to add immense value to Ashok Leyland’s future. The board of directors of the company, at their meeting held on March 25, 2024, has declared an interim dividend of INR 4.95

Auto 52