Euler Motors says the proceeds of the round will be used to expand manufacturing capacity, scale the company’s network, and invest further in core operational capabilities.
The carmaker has set aside Rs 4,960 to acquire land for its new manufacturing facility in Khoraj Industrial Estate on the outskirts of Ahmedabad.
Company also working on R&D to figure out whether it can extract rare earths from its existing mines, says Chairman Anil Agarwal.
The increase in logistics costs for exports destined for Europe and the US have added to its woes.
Price hike aims to offset escalating logistics and material costs alongside a depreciating rupee, says BMW Group India
This will be IHCL’s first luxury hotel in Noida, a suburb of Delhi, which doesn’t have any major five-star hotels, barring one
KKR-managed funds will form a strategic partnership to help scale Allfleet’s electric bus platform.
For Renault, a lot is riding on the Duster brand. Introduced in India in 2012, the Duster soon became a popular SUV, selling more than 2 lakh units, before it was phased out in 2022.
The Gem and Jewellery Export Promotion Council says 20% of the gems and jewellery trade will be affected due to the West Asia crisis in March
Most countries have moved from globalization of the supply chain to regionalization of the supply chain, says Adani Ports & Special Economic Zone Managing Director Karan Adani.
Iranian Spokesperson Esmail Baghaei Slams U.S. ‘Betrayal’—Iran Rejects Talks As War Escalates
Big change For households: PNG To Replace LPG In Key Zones
PM Modi-Trump Call On West Asia War; Ambassador Sergio Gor Backs India On Crucial Hormuz Stand
War Hits Mumbai: Dabbawalas Slow Down As Gas Crisis Breaks 150-Year Lifeline
IPL Champions RCB Sold To Aditya Birla Group-Led Consortium For Rs 16,660 Crore
