Ask Automotive Shares Dip: Promoter To Offload 6% Stake
- By MT Bureau
- September 27, 2024
Shares of ASK Automotive fell by 5.4 percent to its day’s low of INR 442.05 on the BSE on 26 September 2024 as the automotive supplier’s INR 5.16 million Offer For Sale (OFS) opened for subscription for the non-retail category.
The floor price for the issue has been set at INR 433 per share and 119,271 shares are available for subscription. At this price, the total size of the issue would come to is INR 5.16 million.
Claimed to be India’s largest manufacturer of brake shoes and advanced braking systems (ABS) for two-wheelers with a market share of about 50 percent in FY2022-23 in terms of production volume for OE and organised aftermarket, Delhi NCR-based ASK Automotive expanded its manufacturing footprint recently to supply to electric two-wheeler products from OEMs like TVS Motor Company, Ather Energy, Hero MotoCorp, Greaves Cotton, Bajaj Auto and Revolt.
While it increases its market share in what is considered to be an extremely competitive and ruthless market place, its promoter Kuldip Singh Rathee is said to be keen to sell a 6.05 percent equity position through an OFS on 27 September 2024.
New Bridgestone India Select Store in Pune
- By MT Bureau
- September 17, 2026
Bridgestone India has commissioned a new 'Select' store at Hinjewadi Phata in Pune to further strengthen its retail footprint in the region. The 'Select' store, called as Deepraj Tyres, is designed to offer customers a complete tyre and wheel care experience under. Along with premium tyres, customers can expect expert guidance, modern equipment and services that focus on safety, comfort and long-term performance.
Opening the store in response to the growing demand for reliable and high-quality tyre solutions in the region, the 'Select' store is set to serve as a convenient, one-stop destination for tyre and allied services for passenger vehicle owners. It will stock Bridgestone’s latest premium tyre range including the Turanza 6i and Dueler All-Terrain A/T002 besides providing services like wheel alignment and balancing, nitrogen air filling and tyre change.
“Pune is an important market for Bridgestone. The opening of this Select Store in the city reflects our commitment to offering customers easy access to premium products and trusted services. Our focus is on building long-term relationships by delivering safety, quality, and a consistently good experience,” said Rajiv Sharma, Executive Director, Sales & Marketing, Bridgestone India.
Rosmerta Digital Services and FADA Partner To Make Vehicle Compliance Simpler
- By MT Bureau
- September 15, 2026
Rosmerta Digital Services Limited (RDSL) and the Federation of Automobile Dealers Associations (FADA) have signed a Memorandum of Understanding (MoU) to make citizen compliance more accessible through technology, involving buying, selling or transferring a vehicle.
Such a process is today made more challenging beyond paperwork by issues like pending traffic violations/challans that add another layer of complexity.
The MoU between RDSL and FADA includes Rosmart, the former's compliance services platform where citizens can log in to access challan-related services and address pending traffic violations. Dealers as FADA members will find it easier to support customers by uploading cases in bulk or assist customers directly. Customers can alternatively visit Rosmart.com directly or access the service by scanning a QR code available at participating dealerships and customer touchpoints.
For dealers, the MoU and subsequent access to Rosemart translates into an ability to offer customers support at a time when compliance issues risk slowing down a transaction. For customers, it provides a more convenient way to check and address challan-related requirements online, without having to navigate multiple touchpoints. Helping extend Rosmart across the automotive retail network and ensure service closer to dealers and vehicle owners, the MoU reflects a growing opportunity to use technology to simplify some of the everyday processes that form part of vehicle ownership, mentioned a FADA source.
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F4 Indian Championship Set to Flag Off 2026 Indian Racing Festival in Coimbatore
- By MT Bureau
- September 11, 2026
Racing Promotions Pvt. Ltd. (RPPL) is set to take the Indian Racing Festival (IRF) into a new season of competitive motorsport with the F4 Indian Championship flagging off its 2026 campaign at the Kari Motor Speedway in Coimbatore on September 12-13.
The season will feature six rounds of F4 and four rounds of the Indian Racing League (IRL) across key racing destinations in India, culminating in a landmark street-racing debut at the Navi Mumbai Street Circuit in December.
The FIA-certified F4 Indian Championship will travel through Coimbatore with the finale in Navi Mumbai, providing a platform for the next generation of single-seater drivers to compete at home while gaining valuable race experience and Super Licence points. The 2026 grid will feature drivers representing eight nationalities, competing across eight teams.
The Indian Racing League will join the action in October with its four-round campaign beginning at the Madras International Circuit in Chennai on October 24-25.
The six teams competing in the 2026 Indian Racing League season are Kichcha’s Kings Bengaluru, owned by Kichcha Sudeep; Goa Aces JA Racing, owned by John Abraham; Kolkata Royal Tigers, led by Sourav Ganguly; Hyderabad Blackbirds, owned by Naga Chaitanya; Speed Demons Delhi, backed by Arjun Kapoor; and Chennai Turbo Riders, representing the city under the ownership of Accord Group.
The F4 Indian Championship will meanwhile showcase the next generation of single-seater drivers with the grid featuring talent from India and across the world.
The 2026 grid includes Aaron Mehta (Singapore), Swarnav Das (India), Sai Aditya (USA/India), Anay Doshi (Kenya), Bhuvan Bonu (India), Shravan Shanmugavel (United Kingdom), Krishay Gutte (India), Aryan Narola (USA/India), Mahlori Mabunda (South Africa), Enzo Rujugiro (South Africa), Luviwe Sambudla (South Africa), Ntiyiso Mabunda (South Africa), Mathias Alexander Forland (Norway) and Aris Kyriakou (Australia), representing eight nationalities.
The drivers will represent eight teams with Kolkata Royal Tigers, Chennai Turbo Riders, Hyderabad Blackbirds, Speed Demons Delhi, Goa Aces JA Racing, Godspeed Kochi, Ahmedabad Apex Racers and Kichcha’s Kings Bengaluru set to feature on the F4 grid.
F4 India provides young drivers with an important platform to transition from karting to single-seater racing, while gaining valuable race experience and Super Licence points.
Commenting ahead of the new season, RPPL Chairman and Managing Director Akhilesh Reddy said, “Every season of the Indian Racing Festival is a step forward in our ambition to build a stronger and more visible motorsport ecosystem in India. With the F4 Indian Championship continuing to create a pathway for the next generation of drivers, the Indian Racing League bringing together some of the country’s finest and international talent and the debut of the Navi Mumbai Street Circuit, we are taking the sport to new audiences and new destinations. The 2026 season is an important milestone for RPPL, and we look forward to delivering a season that raises the bar for Indian motorsport both on and off the track.”
Reflecting the aspirations of the young drivers on the grid, Bonu said, “Indian F4 is the next step in my journey and an important milestone towards my goal of reaching F1. I’m looking forward to learning, competing and continuing to build from here.”
The 2026 season will also introduce the Navi Mumbai Street Circuit, which will host the season finale rounds of both championships. The move towards a street-racing format marks another step in RPPL’s vision of taking motorsport beyond traditional circuits and bringing the sport closer to fans across India's cities.
The Indian Racing Festival will be broadcast on STAR Sports KHEL in Hinglish, STAR Sports 2 Kannada in Kannada and STAR Sports 2 Tamil in Tamil. Fans can also stream the action on JioHotstar in English, Hinglish, Kannada and Tamil, while the STAR Sports YouTube channel will stream the races for viewers in territories outside India.
The 2026 season will be supported by JK Tyre, Nayara Energy and Bisleri as sponsors, further strengthening the festival’s growing ecosystem.
Driver Line-up
Kolkata Royal Tigers: Aaron Mehta (Singapore), Swarnav Das (India)
Chennai Turbo Riders: Sai Aditya (USA/India), Anay Doshi (Kenya)
Hyderabad Blackbirds: Bhuvan Bonu (India), Shravan Shanmugavel (United Kingdom)
Speed Demons Delhi: Krishay Gutte (India), Ntiyiso Mabunda (South Africa)
Goa Aces JA Racing: Aryan Narola (USA/India), Luviwe Sambudla (South Africa)
Godspeed Kochi: Mahlori Mabunda (South Africa)
Ahmedabad Apex Racers: Mathias Alexander Forland (Norway)
Kichcha’s Kings Bengaluru: Enzo Rujugiro (South Africa), Aris Kyriakou (Australia)
Uno Minda Launches Aftermarket LED Bulb Range For Passenger Cars At INR 3,500
- By MT Bureau
- August 27, 2026
Tier 1 automotive supplier Uno Minda has launched a new range of four-wheeler LED bulbs for passenger cars for the aftermarket at prices starting at INR 3,500.
The LED range is offered in power output options of 90W, 110W, 150W, 170W, 220W and 300W, generating 6000K light output. It features AC/DC electrical compatibility, an internal copper core for heat dissipation and an anti-rust powder coating to prevent corrosion. The design provides low and high beam patterns intended to replace factory-fitted halogen bulbs across multiple car models.
Anand Kumar, Business Head, Uno Minda Aftermarket, said, “In line with our commitment to Driving the New, Uno Minda introduces the upgraded 4-Wheeler LED Bulb range, engineered to combine enhanced road safety, superior performance, and modern styling. Emitting a 6000K Crystal White Light with a precise high/low beam pattern, these bulbs maximize visibility of lane markings and road signs for safer night driving. Built for exceptional durability and heat management, the range features a high-conductivity Copper Core, robust anti-rust powder coating, and broad AC/DC compatibility. Available in multiple wattage options, Uno Minda LED bulbs deliver a premium aesthetic upgrade and long-lasting dependability for modern passenger cars.”
The component range is priced between INR 3,500 and INR 18,000 for the 150W, 170W and 220W variants.
The LED range can be purchased through traditional automotive retail stockists as well as e-commerce platforms, including Amazon, Flipkart and the company's dedicated portal, Uno Minda Kart.

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