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How the financing arm helped Mercedes Benz crack the Indian luxury market | Autocar Professional

Baua Electric

Today, it finances nearly half of all the Mercedes-Benz vehicles sold in India. Translated, this means that of all the cars sold by Mercedes-Benz in India, we are financing four out of 10 or two out of five vehicles,” said Brendon Sissing, CEO and Managing Director of Mercedes-Benz Financial Services (MBFS).

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Hero Electric ties up with HDB Financial Services for retail finance

Electric Vehicles India

Hero Electric ties up with HDB Financial Services for retail finance. Hero Electric on Wednesday said it has tied up with HDB Financial Services, a non-banking financial company (NBFC), to offer easy financing options for the purchase of electric scooters. For the latest electric vehicles news, follow electricvehicles.

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BMW Group plans > €30B on future-oriented technologies up to 2025; all-electric 7 Series model coming

Green Car Congress

This also expresses our confidence for the future business development. Those companies capable of developing and combining hardware and software in equal measure will shape the future of the automobile. —Nicolas Peter, Member of the Board of Management of BMW AG, Finance. We have set ourselves clear targets for 2020.

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Renault shows the future of bidirectional charging

My Energi

Renault recently unveiled a glimpse into the future at this year’s Geneva International Motor Show. While the Renault 5 not only looks the part, its range and performance stats are hugely impressive – and offers yet another attractive small electric car for drivers all around the globe.

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The Metals Company and Low Carbon Royalties form strategic partnership

Green Car Congress

to finance the development and production of low-carbon fuels and energy transition metals. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% gross overriding royalty on any future revenue derived from TMC’s NORI area in the Clarion Clipperton Zone of the Pacific Ocean.

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Volkswagen commissions fast-charging park with 570 kWh of second-life MEB cell modules

Green Car Congress

Reusing batteries is important for the future and it’s closely linked to the acceleration in the trend toward electric mobility. —Karen Kutzner, managing director for finance and controlling at Volkswagen Sachsen. All cell modules in the PSC were formerly installed as batteries in pre-production models of the ID.3

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Daimler invests in ChargePoint as part of $82M round; seat on board

Green Car Congress

Daimler AG is the lead investor in the first $82-million close of US-based charging solutions provider ChargePoint’s latest round of financing. More than 20 European countries already provide attractive incentives for purchasing EVs, which has helped make Europe the world’s second-largest EV market.

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