Asia

Indian used car marketplace Cars24 secures $100M

25 October 2019

With the new funds, the company plans to set a strong foothold for its recently announced non-banking financial company (NBFC) business.

Used car retail platforms abused by criminals to sell stolen vehicles

24 October 2019

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A large number of stolen vehicles are finding their way into online classified ad platforms such as OLX and Quikr. As an intermediary, these platforms have little information about the users and the transactions.

Volkswagen Skoda India announces new vehicle investment in India

22 October 2019

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The companies are tapping into a common platform called MQBAO IN for churning out these initial bunch of models.

Hyundai announces a $35 billion investment into autonomous technology

21 October 2019

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The massive investment is all part of a campaign to move ahead of the curve when it comes to not only future powertrains, such as battery-electric cars, but also autonomous technologies.

End to end commuting solution company WhistleDrive plans further Indian expansion

18 October 2019

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WhislteDrive is ranked among prominent transportation startups in India, this Hyderabad based company offers a fleet of cabs & bus shuttles, end to end technology and ground operations.

Flux is a car subscription company from Malaysia with a variety of car models

18 October 2019

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Most of the vehicles are fairly new with low mileage but there are some older vehicle options that Flux has cleaned and restored to “like-new” condition.

CarDekho prepares to raise $100M from Chinese car info site Autohome

17 October 2019

Michael Hunt

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Despite slumping numbers, car sales through CarDekho's online marketplaces are improving thanks to both new and used vehicle sales.

Cars24 sees used car sales increase and plans to invest in expansion

17 October 2019

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Spurred by its current pace of growth and demand for its services, Cars24 has increased its presence in India from 25 to 50 cities this year, and will be in 25 more cities by the end of 2019.

InstaCars partners with TPL Corp to add auto insurance onto the platform

17 October 2019

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InstaCars said it had integrated its online buying platform with TPL Corp to facilitate buyers who, while looking at a used car profile, would be able to get a quotation for insurance coverage.

Nio, the Chinese electric car company, sees their shares shoot up

16 October 2019

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NIO released its third-quarter sales results before the market opened and they were pretty good: NIO delivered 4,799 vehicles in the third quarter, up 35% sequentially and ahead of its own guidance for the period.