Automobile

Private Insurers Report 239% Surge in Motor Commission Payouts

By BPN News Desk January 13, 2025

Private insurers in India have witnessed a staggering 239% increase in commission payouts for motor insurance, which have surged to ₹16,578 crore. The significant rise underscores the growing motor insurance sector, driven by increasing vehicle ownership, premium rates, and intensified competition among insurers. Motor Insurance Sector Growth The rise in commission payouts

Automobile

Hyundai to Equip Domestic Models with Made-in-India AGM Batteries

By BPN News Desk December 21, 2024

Hyundai Motor India has unveiled its plan to integrate made-in-India Absorbent Glass Mat (AGM) batteries into its domestic car models. This initiative underscores Hyundai’s commitment to promoting local manufacturing while enhancing the performance and sustainability of its vehicles in the Indian market. Supporting Local Manufacturing The AGM batteries, which will be

Automobile Cars

Mahindra Records Highest-Ever Monthly SUV Sales in October

By BPN News Desk November 1, 2024

Mahindra Auto celebrated a record-breaking sales performance in October 2024, selling 54,504 SUVs, marking a 25% year-on-year (YoY) growth compared to the same month last year. With the onset of the festive season in October, from Navratri through Diwali, the automaker achieved unprecedented demand for its vehicles. Mahindra’s Strong Sales Surge October 2024 set a […]

Automobile Electric Vehicles

Ola Electric Shares Drop 6% Amid Show Cause Notice from Consumer Authority

By BPN News Desk October 8, 2024

Ola Electric Mobility shares took a sharp fall on Tuesday following a show cause notice issued by the Central Consumer Protection Authority (CCPA) over alleged violations of consumer rights, misleading advertisements, and unfair trade practices. The stock dropped 6.18% to a low of ₹85.21, marking a steep 46% decline from its recent peak of ₹157.53 […]

Automobile Cars Electric Vehicles

Tata Motors Launches New Nexon Variants: CNG Model Starts at ₹8.99 Lakh, EV at ₹13.99 Lakh

By BPN News Desk September 25, 2024

Tata Motors has expanded its popular Nexon lineup by launching two new variants – a CNG model starting at ₹8.99 lakh and an electric version priced from ₹13.99 lakh. The announcement was made on September 24, positioning the Nexon as the only vehicle in India available in four distinct powertrains: petrol, diesel, CNG, and electric. […]