Amazon and Tata Motors will put 3,000 electric trucks on Amazon's transportation network in India, the two companies announced on Tuesday. The Economic Times reported that Heavy Industries Minister H.D. Kumaraswamy flagged off the first group of trucks in Delhi, in northern India. A senior Amazon executive said all 3,000...
Uber Plans Black Service Expansion in India
Uber plans to bring its premium Uber Black ride service to most of India's big cities, after a recent launch in Pune, in western India, according to a report in Mint. Uber, which is based in San Francisco, California, runs ride-hailing in India and offers Uber Black as its chauffeur-style...
Swiss Watch Brand Doubles Down on India
Franck Muller, the Swiss luxury watchmaker founded in Geneva in 1991, counts India among its five largest markets by volume, and its regional chief expects the market to keep growing. Erol Baliyan, the company's chief executive for the Middle East, Africa and India, told Mint that rising incomes and new...
IKEA Sets a 2030 Goal to Quadruple Its India Revenue
IKEA, the Sweden-headquartered home furnishings retailer, wants to quadruple its revenue in India by 2030. The Economic Times reported that the company plans to grow from eight stores to thirty and to double its investment in the country to $2.2 billion at current exchange rates. IKEA is recording double-digit sales...
JCB Rides India’s Infrastructure Boom Into Railways and Ports
JCB, the British construction-equipment maker headquartered in Rocester, Staffordshire, England, expects its arm in India, JCB India, headquartered in Ballabgarh, Haryana, near New Delhi in northern India, to grow at a double-digit rate this fiscal year even as the broader industry expands more slowly. The construction-equipment industry should grow 9%...
Uber Invests $10 Million in India Fleet Partner Carrum Mobility
Uber, headquartered in San Francisco, California, has invested $10 million in Carrum Mobility, a fleet management startup based in Gurgaon, Haryana in the Delhi National Capital Region. The Series B round values Carrum at $168 million, nearly tripling the roughly $63 million valuation the company carried after Uber's first $7...