Rupeek, a five-year-old startup which helps consumers get loans against gold, has raised another $35 million in funding from Flipkart co-founder Binny Bansal, US and China-based venture capital firm GGV Capital, Korea’s KB Investments and Flipkart CEO Kalyan Krishnamurthy-backed Tanglin Venture Partners.
India should consider bringing down the import duty on high-end motorcycles (that include Harley Davidson motorcycles) to 0% for both complete built up (CBU) units and for completely knocked down (CKD) units, a joint report by two industry lobby groups suggested on Tuesday as part of an overall strategy to boost India-US trade to $500 billion.
Maruti Suzuki on Monday announced prices of the all-new Vitara Brezza, unveiled at the Auto Expo 2020. Equipped with the powerful 1.5-litre K-series BSVI petrol engine in nine variants starting at Rs 7.34 lakh (ex-showroom, Delhi). The compact SUV comes in three colours and will be offered with 5-speed manual and advanced automatic transmission with Smart Hybrid.
Bajaj Auto announced prices of Husqvarna twins – Svartpilen 250 and Vitpilen 250 – unveiled at the India Bike Week. Husqvarna Motorcycles will be sold out of KTM showrooms, and have been priced at Rs 1.80 lakh. The 250-cc motorcycles feature a fuel injected, liquid cooled, single-cylinder, 4-stroke DOHC engine that produces 30 PS power and 24 Nm of peak torque.