We have announced a closure of Rs.1,400 crore domestic funds in February.
ASK Property Fund raises Rs 15 bn for affordable residential development
With the closing of its sixth fund, ASK Property Fund, the real estate private equity arm of the ASK Group raised more than Rs 15 billion, Real Estate Special Opportunities Fund IV including investors' co-investments.
The fund will primarily invest in mid-income and affordable residential development projects, with a focus on the real estate markets in the top five cities in the nation. The private equity firm hopes to use the funds in the established residential markets of Mumbai, Pune, the National Capital Region, Bengaluru, and Chennai.
Amit Bhagat, CEO & MD, ASK Prop..
TVS Motor Unveils Electric Two-Wheeler
TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.
The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..
Chinese EV Giant Leapmotor Eyes Indian Market
Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.
Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..