Amit Panday
Stories by Amit Panday
India’s M&M steps in to repay lenders as Korean unit SsangYong defaults on $55m loans
SsangYong has outstanding loans worth $82.7m.
Mitsubishi Corp buys minority stake in India’s TVS Supply Chain Solutions
Mitsubishi has bought the stake from Tata Opportunities Fund.
Indian electric motorcycle startup Ultraviolette plans to raise up to $75m
The four-year-old startup is currently valued at $50m.
India: US firm HAAH Automotive reaches out to M&M to invest in SsangYong
The company has been looking out for investors for SsangYong since the beginning of the year.
Tata Motors looks to sell stakes in two units as part of plan to turn debt-free
The company saw its net consolidated debt soar to $9.25b as of July 31, 2020.
India: BluSmart Mobility raises $7m from Inflection Point Ventures, others
It will utilise the funds to expand its fleet, set up EV charging infrastructure, and make technology related improvements.
India: TVS Motor puts $4m more in electric motorcycle maker Ultraviolette
TVS Motor has increased its stake in Ultraviolette Automotive Pvt Ltd from 25.76% to 29.48%.
India: CarDekho plans to invest $20m in used car business in FY21
Used cars are seeing a surge in demand as buyers are increasingly opting for personal transport amidst COVID-19 scare.
Indian micro mobility startup Yulu secures funding from US investor
Yulu has previously raised over $20 million from Bajaj Auto Ltd, Blume Ventures, others.
India: Ather Energy ties up with scooter rental startup Bounce
The Ather-Bounce offering will be operational only in Bangalore.
