Spinny Launches Seller Protection Policy To Secure Used Car Transactions

Spinny

Spinny has introduced a comprehensive Seller Protection Policy to manage legal and operational risks for car owners during the vehicle ownership transfer process.

The initiative addresses common concerns in the used car market, where delays in transferring the Registration Certificate (RC) can leave sellers liable for traffic fines, legal notices and accidents occurring after the vehicle has been handed over.

Under the new policy, Spinny will assume full accountability for the vehicle from the moment of handover until the official transfer of ownership to the new buyer is complete.

The company says its full-stack operational model allows for greater control over the documentation lifecycle compared to traditional intermediaries. It reports a 95 percent RC transfer completion rate within 12 months of a buyer purchasing the vehicle. This structured approach aims to provide a more predictable timeline and reduce the period of legal exposure for the original owner.

The service includes the verification of essential seller and buyer documentation, such as PAN and bank details, to ensure all transactions remain compliant with Ministry of Road Transport and Highways (MoRTH) regulations.

The Seller Protection Policy provides several layers of security for car sellers:

  • Challan Management: Spinny takes responsibility for any traffic challans issued after the vehicle is handed over to their custody.
  • Legal Representation: The company provides legal support and representation in the event of disputes or accidents involving the vehicle during the interim ownership period.
  • Misuse Protection: Coverage is provided against any unauthorised use of the vehicle while it remains in Spinny’s possession.
  • Documented Custody: Spinny maintains verified documentation to establish a clear paper trail of when physical custody of the vehicle was transferred.

Beyond legal protection, the platform has integrated features to streamline the sale process. Sellers receive final price offers typically within 3–4 percent of the initial online estimate, with payments processed on the same day as vehicle handover. The entire process is supported by digital tracking, allowing sellers to monitor the status of their RC transfer in real time.

By formalising these protections, Spinny aims to build long-term trust in the used car ecosystem, ensuring that the transition from seller to buyer is transparent, fast and legally secure.

myTVS - CE-Invests

TVS Automobile Solutions (TVS ASL), part of the TVS Mobility Group and owner of the automotive aftermarket brand myTVS, has secured INR 4.25 billion in a Series D funding round led by CE-Invests, the strategic investment arm of UAE-based Crescent Enterprises.

The capital raise will support myTVS’ plans to invest in artificial intelligence (AI) and technology infrastructure to target a 25–35 percent near-term growth rate and prepare for eventual public-market readiness. The partnership also aims to expand the myTVS technology and service model into international markets, focusing initially on the Middle East and North Africa (MENA) region.

The company achieved EBITDA breakeven in FY2026. Prior to this round, myTVS had raised approximately INR 6.90 billion, including INR 2.03 billion from Lingotto in 2022 and INR 4.87 billion from Castrol in 2023. NAFA Sustainable Finance acted as the financial advisor to TVS ASL for the capital raise.

The myTVS platform integrates digital operations with physical service centers, supplying vehicle maintenance, parts, accessories, tyres, batteries, insurance and roadside assistance to retail customers and fleet operators across India.

Badr Jafar, CEO, Crescent Enterprises, said, "Built over generations of trade, enterprise and human connection, the UAE–India relationship is becoming ever more important – not only to both countries, but to economic growth across MENA, Asia and beyond. The strongest economic corridors carry more than capital: they move technology, ideas and operating expertise in both directions. When India’s scale, talent and innovation connect with the UAE’s capital, infrastructure and regional reach, each market becomes a platform for the other’s growth. That reciprocal model creates value far beyond either country and reflects principles that have long shaped Crescent Enterprises’ investment and partnership strategy."

R Dinesh, Director, TVS Automobile Solutions, said, "We are delighted to have CE-Invests as an investor. myTVS has scaled up its technology-led services and parts platform to serve the end customer directly and by working with various corporate partners and vehicle manufacturers in India. This investment is a further proof that this technology-led platform is capable of delivering a similar experience in other markets. This will further enable the company to scale up its operations in India and the MENA region and continue to maintain its profitable growth. This partnership will only further increase its rate of growth, and CE Invests is the perfect partner for the Middle East."

Tushar Singhvi, Deputy CEO and Head of Investments, Crescent Enterprises, said, "myTVS has demonstrated that an integrated, technology-enabled platform can bring meaningful improvements in service quality, transparency and vehicle uptime at scale. This investment fits squarely with CE-Invests’ strategy of backing established, well-governed businesses with strong fundamentals, proven operating models and the potential to expand across the MENA–Asia corridor. Alongside capital, we will bring market insight, commercial relationships and regional execution support to help myTVS establish a strong UAE presence and grow across MENA."

Ameya Prabhu, CEO, NAFA Group and Director at NAFA SF, said, "We are pleased to have advised TVS Automobile Solutions on this strategic capital raise and to have facilitated the partnership with CE-Invests. We believe this provides a strong platform for myTVS to accelerate its growth in India while exploring opportunities for expansion in the MENA region. We congratulate both teams on the successful transaction and look forward to seeing the partnership create significant value in the years ahead."

Studds Accessories

Studds Accessories, a leading two-wheeler helmet manufacturer, has launched the Raider Youth Looney Tunes Edition in collaboration with Warner Bros. Discovery Global Consumer Products at prices starting at INR 1,395.

The helmet features character graphics from the Looney Tunes franchise integrated onto Studds’ full-face youth helmet architecture.

The graphics incorporate characters including Bugs Bunny, Tweety, Daffy Duck, Taz, Road Runner and Wile E. Coyote alongside the Looney Tunes logo across the shell, rear, and chin-bar. The series is produced in six base colours: Blue, Baby Pink, Flame Blue, Pastel Green, White, and Black.

The helmet carries Bureau of Indian Standards (BIS/ISI) certification and is manufactured in XXS (520 mm) and XS (540 mm) sizes.

Sidhartha Bhushan Khurana, Managing Director, Studds Accessories, said, "For young riders and individuals with smaller head sizes, finding a helmet that balances uncompromised full-face safety with expressive design has historically been a challenge in the market. With the Raider Youth Looney Tunes Edition, our intent was to bridge that gap by integrating safety engineering with design philosophy that brings instant joy and nostalgia. This collaboration with Warner Bros. Discovery is not just about adding graphics, it is about making helmets that young riders are genuinely excited to wear every day, and at the same time are safe."

The base Raider Youth model was introduced in August 2026 for riders with smaller head dimensions. The Looney Tunes variant retains the mechanical specifications of the original helmet, including an acrylonitrile butadiene styrene (ABS) shell, expandable polystyrene (EPS) liner, top air exhaust ventilation, scratch-resistant quick-release visor, quick-release chin strap and micro-fibre lining.

Uno Minda Launches Compact 4-Channel Automotive Amplifier At INR 13,999

Uno Minda - Amplifier

Tier 1 automotive supplier Uno Minda has launched its new 4-channel audio amplifier, model UNO-AMP-4-100, targeting the automotive aftermarket sector.

The amplifier measures 191 mm by 105 mm by 48 mm, allowing for installation in confined areas within vehicles, including underneath seats. It produces power outputs of 150 W per channel at 2 Ohm and 100 W per channel at 4 Ohm across four speaker channels. In bridged mode, the system converts to a 2-channel setup delivering 320 W per channel at 4 Ohm to power subwoofers or higher-capacity speakers.

Technical specifications for the device include a total harmonic distortion rate of equal to or less than 0.05 percent, a signal-to-noise ratio exceeding 96 dB and an operational frequency response range from 10 Hz to 20 kHz. Input sensitivity ranges between 400 mV and 6 V to enable connection with factory-fitted and aftermarket head units. Electrical protection is supplied via twin 40 A fuses.

Anand Kumar, Business Head, Uno Minda Aftermarket, said, “At Uno Minda, we understand the evolving expectations of car owners who seek enhanced in-car experiences without compromising on practicality. With our new 4-Channel Amplifier, we have combined powerful audio performance with a compact, palm-size form factor to offer greater flexibility in installation. The amplifier's versatile output, wide compatibility and audio performance make it a suitable solution for customers looking to enhance their existing car audio systems while making efficient use of available space.”

The UNO-AMP-4-100 is priced at INR 13,999 and is distributed through physical automotive retail stores alongside e-commerce portals including Uno Minda Kart, Amazon and Flipkart.

Tata Power EZ Charge Opens New EV Charging Hub In Mumbai

Tata Power EZ Charge

Tata Power EZ Charge has commissioned an electric vehicle charging hub at New Mahakali Nagar in Malvani, Malad West, Mumbai.

The facility comprises eight parking bays and four fast-charging units, including one 120 kW unit and three 60 kW units that can be upgraded to 120 kW capacity.

The station operates continuously without parking fees for public and commercial fleet users. Situated near Mindspace Business Park and Infinity Mall, the location provides charging access for commuters and logistics fleet operators traveling through the Malad corridor.

With the addition of the Malad site, Tata Power’s EZ Charge network includes over 2,400 charging points across Maharashtra, with more than 1,800 points located within the Mumbai and Navi Mumbai municipal areas. The installed units support CCS2 charging standards to accommodate compatible electric vehicle models.

EV users can locate the station, view real-time charger availability and execute transactions using the Tata Power EZ Charge mobile application. Nationally, the EZ Charge infrastructure network encompasses more than 250,000 home charging setups, over 6,500 public and commercial charging points, and 1,200 electric bus charging points across 700 cities and towns.