Tag Archives: Million

carandbike Exclusive: Maruti Suzuki Alto Speeds Past 3 Million Units Milestone

With production exceeding 3 million units, the Maruti Suzuki Alto has gone past the legendary 800 to become the company’s highest volumes model ever – and in turn India’s highest too. The humble Alto has seen quite a journey – and of course has reached almost every production and sales milestone faster than its predecessor. “In an era when the ... Read More »

Freedom 251 Maker Claims 50 Million Registrations, Promises 2.5 Million Units

While the world kept asking questions and Indians remained puzzled, the Noida-based startup, promising a Rs. 251 (less than $4) “Make in India” smartphone, on Friday claimed to have received nearly 50 million registrations in just two days of opening up for online pre-orders. In a chat with IANS over phone, Ringing Bells Pvt Ltd president Ashok Chadha said that ... Read More »

Russian billionaire Mikhail Fridman’s LetterOne investment vehicle said on Friday it had made a $200 million (roughly Rs. 1,361 crores) investment in US ride-hailing service provider Uber Technologies Inc. It did not specify when it bought the shares or what stake it had acquired in the firm, which has previously raised more than $5 billion (roughly Rs. 34,039 crores) in ... Read More »

Uber Agrees to Settle ‘Safe Rides Fee’ Lawsuit for $28.5 Million

Uber has agreed to pay $28.5 million to settle litigation brought by customers who alleged the ride hailing service misrepresented the quality of its safety practices and the fees it charged passengers, the company said on Thursday. The two proposed class action lawsuits said Uber charged passengers a “Safe Rides Fee” of as much as $2.30 per trip to support ... Read More »

Mobile Phone Production in India May Reach 500 Million in 2 Years: DoT

Mobile phone manufacturing in the country may reach 500 million units in coming two years on the back of good base of talent and an incentive policy, a top Department of Telecom (DoT) official said Sunday. This year, India produced 100 million phones as compared to 45 million last year. “The number of phones being manufactured was 10 million sometime ... Read More »

VR Firm Wevr Raises $25 Million From Samsung, HTC, and Others

Virtual reality company Wevr raised $25 million (roughly Rs. 170 crores) from investors including HTCCorp and Samsung Ventures to fund the launch of a new platform for VR creators to distribute content, executives said on Friday. The platform, called Wevr Transport, is available now to a limited number of users in a test phase. It is designed to run on ... Read More »