TyrePlex has raised INR 200 million in funding (approximately US$ 2.4 million) round led by PeerCapital with the participation from Titan Capital Winners Fund, Sattva Family Office, and existing investors, including 100 Unicorns. This funding will be strategically deployed to accelerate growth in multiple areas. TyrePlex plans to expand its geographic footprint into the top 25 cities across India, leveraging a combination of qualitative and quantitative data points for city selection.
By focusing on establishing a strong distribution base, TyrePlex as a B2B tyre marketplace, is keen to unlock additional services for both tyre brands and dealers. These include tailored solutions for customer relationship management, inventory optimisation and advanced analytics to drive informed decision-making.
A significant portion of the funds will be allocated to strengthening the company’s technology platform to further enhance dealer-centric tools and improve operational efficiencies. TyrePlex will additionally pilot tyre recycling and reverse logistics initiatives, addressing key sustainability challenges in the industry. The company is also focusing on creating a lean yet highly effective team to support its city expansion plans.
Founded in 2020 by auto-tech industry veterans, the company aims to revolutionise the highly fragmented tyre retail ecosystem in India by offering a comprehensive, technology-driven platform that empowers tyre dealers to enhance their efficiency and profitability.
With over 20,000 registered tyre dealers, the platform provides tools to improve sales and margins, streamline procurement, manage inventory, and set up online stores. The company’s app offers an integrated solution that simplifies operations, generates demand, and enables easy procurement of tyres with delivery within three or four hours.
The company’s dealer-centric approach has resulted in a high Net Promoter Score (NPS) and impressive repeat business metrics, reflecting the platform’s ability to address dealer pain points effectively. With seamless operations, reliable product availability, and competitive pricing, the platform has garnered strong loyalty among its users, fostering trust and long-term partnerships.
 

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Tesla has inaugurated a destination charging station at Nexus Select Citywalk in New Delhi. The site features six 11 kW AC destination chargers located in the P1 parking area. This addition brings Tesla's total in India to 6 charging stations, comprising 20 superchargers and 20 destination chargers.

Alongside the charging site, Tesla has opened a pop-up store at the mall, which operates from 6 July to 10 July between 11 AM and 9 PM. Visitors can view the Model Y L and the 2026 Model Y Premium Rear-Wheel Drive.

The Model Y L is a six-seat SUV with a cargo capacity of 2,539 litres and a range of 681 km. Pricing for the Model Y L begins at INR 6.19 million, with monthly EMIs from INR 49,990 and a down payment of INR 650,000.

The 2026 Model Y Premium Rear-Wheel Drive seats five passengers, offers 2,138 litres of cargo space, and provides a range of 500 km. It is priced at INR 5.08 million, with EMIs starting at INR 39,990 and a down payment of INR 650,000.

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Kia India, one of the leading passenger vehicle manufacturers, has launched its Ownership Service Camp 2026, which runs from 3 July to 12 July 2026. The programme is available at 521 authorised workshops across 365 cities.

The service camp includes discounts on vehicle care, extended warranty packages, roadside assistance plans, parts, labour and accessories. Customers opting for the package will also receive a 36-point vehicle health check, which covers the exterior, interior, engine compartment and underbody. Additionally, the initiative provides used-car valuation services and exchange offers.

Bhimsen Gulabani, Vice-President - Customer Experience, Kia India, said, “Kia Ownership Service Camp 2026 embodies our unwavering commitment to delivering a seamless and differentiated ownership experience. Through this nationwide initiative, we aim not only to help customers maintain their vehicles in peak conditions but also to strengthen long-term relationships by providing transparent, accessible, and rewarding aftersales support. As we continue to enhance our service standards, our focus remains on creating a customer experience that inspires confidence and reinforces Kia's position as one of India's most trusted mobility brands."

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Autoverse Mobility has announced the launch of its Quick Commerce Program and Franchisee Program. These initiatives were introduced during the Garage Leadership Summit 2026 in Bengaluru, which was attended by garage owners, automotive experts and stakeholders.

The Quick Commerce Program allows garages to order spare parts – such as clutches, suspension components, filters and brake parts – through the Autoverse platform, with dispatch from local stores in 15 minutes starting with Bengaluru. The Franchisee Program enables entrepreneurs to open stores using Autoverse’s technology, sourcing and supply chain network.

Mihir Mohan, Founder & CEO, Autoverse Mobility, said, "India's independent garages are the backbone of the country's automotive service ecosystem. As vehicles become more connected, software-driven and technologically advanced, garages need more than just access to spare parts; they need knowledge, training, digital tools and a strong ecosystem that helps them compete and grow. The two initiatives launched by the company today are aimed at solving critical challenges faced by workshops, including faster access to spare parts and improved inventory management."

"Garage Leadership Summit 2026 reflects our commitment to building that ecosystem. Our vision is to empower every independent garage with the technology, expertise and trusted partnerships required to deliver world-class service while building profitable, future-ready businesses," added Mohan.

Rama Shankar Pandey, Co-Founder, Autoverse Mobility, said, "Independent garage owners today are looking beyond repairs; they are focusing on building brands, adopting technology and redefining customer experience. The conversations at the Summit highlighted the industry's readiness to embrace change and reinforced the importance of continuous learning and collaboration."

The summit included discussions on garage profitability, technical sessions on lubrication, E20 fuel and workshops on diesel particulate filter regeneration. A presentation titled ‘Before WhatsApp, Open Autoverse’ demonstrated how the company’s digital tools assist with spare parts sourcing and business operations.

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NBC Bearings, a brand of National Engineering Industries, has launched a range of automotive aftermarket products.

The expansion includes the introduction of wiper blades, brake pads, belts, steering rods and components for two-wheelers, three-wheelers and passenger cars.

This move marks a shift in the company’s business strategy to diversify its portfolio beyond its existing bearings and engineering offerings.

Rohit Saboo, President & CEO, NBC Bearings, said: "The Indian automotive aftermarket is witnessing unprecedented growth driven by increasing vehicle ownership, longer vehicle life cycles, and rising demand for quality replacement parts. As a trusted brand with decades of engineering excellence, NBC Bearings is uniquely positioned to leverage this opportunity. The launch of our expanded auto parts portfolio is a strategic step towards diversifying our business, strengthening our market presence, and creating new avenues of growth beyond bearings."

The company stated that the new products are intended to meet its established standards for performance and reliability. The range will be distributed through a network across India to reach dealers, workshops and customers.

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