TVS Motor Acquires Majority Stake in DriveX Mobility, Strengthening Its Position in the Pre-Owned Two-Wheeler Market
In a major move to expand its reach in the growing pre-owned two-wheeler market, TVS Motor Company has significantly increased its stake in DriveX Mobility, a digital-first platform co-founded by Narain Karthikeyan, India’s first Formula One driver, and his business partner…
In a bold move to strengthen its financial position and repay outstanding debt, Zoomcar, the NASDAQ-listed self-drive car-sharing marketplace, has announced a $9.15 million private placement deal with institutional investors. With the sale of units priced at $4.28 each, the company is positioning itself for growth, addressing its debt obligations, and increasing working capital. But what does this…
Uber is set to relaunch its luxury ride-hailing service, Uber Black, in India, catering to the growing demand for premium experiences among Indian consumers. The revamped service is expected to begin rolling out in Mumbai within the next few weeks.
Initially introduced in India in 2013, Uber Black offered high-end vehicles such as Mercedes, BMW, and Audi. However, it was soon replaced by more…
