Billionaire industrialist Yohan Poonawalla was recently awarded the coveted Vintage & Classic car Vanguard of India Legacy Excellence Award at the Vintage and Classic Car Club of India (VCCCI) Annual Vintage Car Fiesta, held at the World Trade Centre in collaboration with the Directorate of Maharashtra Tourism and the Western India Automobile Association (WIAA). With this honour, Poonawalla keeps bringing India's automotive heritage to the attention of the world and encourages future generations of collectors and enthusiasts to honour and conserve the automobile's past.

At the 2023 VCCCI Annual Vintage Car Fiesta, Poonawalla was named India's Motoring Ambassador to the World. This honour recognises his outstanding efforts to establish India on the world driving map as well as his unmatched commitment to the vintage car movement. Poonawalla's impressive collection of luxury, sports and antique cars includes some of the most recognisable automobiles in history. The centrepiece of his collection is his most recent purchase, the Rolls-Royce Phantom VIII Extended Wheelbase (EWB) and final Privacy Suite Phantom, which is the priciest automobile in India and among the most beautiful Rolls-Royces in the world. In addition, his collection includes vintage American muscle vehicles, Bentleys and Jaguars that have all been painstakingly restored to keep their historical significance.

In his capacity as India's Motoring Ambassador to the World, Poonawalla has continuously raised the stature of the nation's illustrious automotive heritage abroad. He has received many honours and made India proud, thanks to his participation in prestigious international events like Salon Privé, Concours of Elegance Hampton Court, Concorso d’Eleganza Villa d’Este, RREC Annual Rally & Concours d’Elegance, Sandringham Pageant of Motoring, Valletta Concours, Icons Mallorca, Geneva International Motor Show Qatar and the storied Mille Miglia in the United Arab Emirates. Along with representing India's automotive legacy at these esteemed events, Poonawalla has won several vehicle races and rallies and taken first place in the world's premier auto exhibitions in the UK, Europe, the Middle East and other regions.

Poonawalla said, "It is a privilege to be recognised as India’s Motoring Ambassador to the World and to receive this ‘Vintage & Classic car Vanguard of India Legacy Excellence Award’. Cars are more than just machines – they are pieces of history and art that deserve to be cherished and preserved. I am committed to showcasing India’s rich automotive legacy on the global stage and am deeply grateful to VCCCI and its partners for organising such a spectacular event."

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Godrej Enterprises Group's Material Handling Equipment (MHE) business has initiated operations at a new, state-of-the-art manufacturing plant located in Khalapur, Maharashtra. This development represents a major step forward in bolstering domestic production capabilities and supporting the anticipated expansion of India's logistics, warehousing and supply chain sectors.

Situated within the expansive 360-acre Naoroji Godrej Industrial Park, the new plant is strategically designed to meet the escalating demands of diverse industries, including manufacturing, e-commerce, pharmaceuticals and automotive. The facility boasts an initial annual production capacity of 6,000 units, with the flexibility to scale up to 15,000 units to align with future market requirements.

The plant's advantageous location near critical transport arteries like Nhava Sheva Port and the forthcoming Navi Mumbai International Airport positions it effectively for both domestic distribution and international exports. Its production portfolio includes a comprehensive range of solutions, notably articulated trucks, a segment where Godrej maintains a unique position as the sole Indian producer. These products are currently exported to over 40 nations.

Engineered as a forward-looking manufacturing hub, the facility incorporates advanced Industry 4.0 technologies, including robotic welding and smart quality assurance systems. Operational sustainability is a core focus, achieved through energy-efficient processes and automated systems, a commitment recently recognised with an EcoVadis Gold Medal. This new facility underscores the group's dedication to innovation-led manufacturing and its role in advancing India's status as a global manufacturing centre.

Anil Lingayat, Business Head, Material Handling Equipment Business, Godrej Enterprises Group, said, "The commencement of operations at our Khalapur facility marks an important milestone in strengthening India's material handling manufacturing ecosystem. The facility combines advanced automation, digital manufacturing and indigenous engineering to deliver world-class solutions for a rapidly evolving logistics landscape. As India strengthens its manufacturing and logistics capabilities, efficient movement of goods will be critical to economic growth. Through this facility, we are not just expanding capacity but helping build stronger supply chains, supporting self-reliance and contributing to national priorities such as Make in India, PM Gati Shakti and Viksit Bharat."

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Moove, a mobility fintech – revenue-based vehicle financing and financial services to mobility entrepreneurs globally, has raised USD 250 million in a Series C funding round, bringing its valuation to USD 2.1 billion. The round was led by Mubadala Investment Company and co-led by Woven Capital, Toyota’s Growth Fund and Ion Pacific.

The funding round also included investments from BlueCrest Capital Management, Sona Asset Management and The Raptor Group, joining existing investors such as BlackRock, MUFG, Franklin Templeton, Uber, Left Lane, Silverbacks Holdings, Square Associates, The Latest Ventures, Endeavor Catalyst and the Ontario Power Generation Pension Plan.

The company plans to use the capital to expand its autonomous vehicle business, fund fleet ownership and construct ‘Nests’ depot infrastructure for charging, servicing and maintaining autonomous vehicles. The capital will also support new market launches globally. Moove projects its autonomous vehicle workforce will grow from approximately 150 employees to around 500 by the end of the year.

Since its launch in 2020, Moove has grown to employ 3,300 people across 29 cities in 13 countries, operating approximately 42,000 vehicles and reaching USD 420 million in annualised recurring revenue. The company has expanded through organic operations and acquisitions, including Kovi in Brazil and Tokyo Taxi in Japan. In the autonomous vehicle sector, Moove works as a third-party fleet operator in partnership with Waymo, running operations in Phoenix and Miami, with planned expansion to London.

Ladi Delano, Co-Founder, Co-CEO and Advisory Board Chairman, Moove, said, “Every major technology revolution becomes an infrastructure race. The internet required data centres. AI required compute. Autonomy requires fleets, charging, maintenance, data systems and 24/7 operations in every city - and that is what Moove is building. In our view, as autonomy scales, infrastructure ownership and operations will define the category leaders. We are building to be one of them. We started in Lagos with a simple insight: mobility demand is abundant, but supply cannot scale unless capital, technology and operations move together. Five years later, that insight has evolved into a global platform. Today, we are focused on building the platform that will redefine mobility and enable billions of autonomous journeys worldwide. From our anchor in the UAE, and backed by long-term strategic capital, Moove now has the platform to help take autonomy from breakthrough technology to everyday transportation. This is not a departure from our mission, it is the fullest expression of it.”

Ali Eid AlMheiri, Executive Director of Diversified Assets, UAE Investments Platform at Mubadala, said, “As autonomous mobility moves from innovation to scaled deployment, the infrastructure supporting it becomes increasingly important. Moove is building an integrated operating platform that combines fleet ownership, operational capability, and technology to support the next phase of growth in autonomous mobility. This is particularly important for the UAE. Mubadala is investing in enabling infrastructure and scalable platforms like Moove that support economic diversification and strengthen the UAE’s role as a hub for advanced technologies. Since Mubadala’s initial investment three years ago, Moove has been a great partner and we are glad to continue partnering with Moove in its next phase of growth.”

Betty Lee, Principal at Woven Capital, said, "Moove has demonstrated an exceptional ability to execute across markets, building a global platform across traditional and autonomous vehicle fleets. The next wave of mobility is an infrastructure problem as much as a software one, and Moove is building the foundational layer to solve it. Few companies at this stage have proven they can move with the speed and operational excellence that Moove has demonstrated across so many markets. We’re excited to be part of what they are building and help accelerate their path as they scale."

Michael Joseph, Co-CEO & Co-Founder, Ion Pacific, said, “We’ve partnered with the Moove team for more than five years, and their execution has consistently impressed us. As autonomous mobility moves from possibility to reality, Moove is building a critical infrastructure layer for the sector - one that is complex, adaptive and essential to scaling AVs. We’re excited to be part of that journey.”

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American auto major General Motors and Chinese automotive major SAIC Motor have extended their joint venture agreement for 20 years, completing the renewal one year ahead of schedule, as per media reports.

The agreement enables the 50-50 joint venture, SAIC-GM, to continue operations through 2047. Formed in 1997, SAIC-GM has manufactured and delivered more than 20 million vehicles in China, which serves as General Motors' second-largest market behind the United States.

Under the extended agreement, SAIC-GM plans to introduce more than 30 hybrid and electric vehicle models in China by 2030 to expand its vehicle line-up.

John Roth, General Motors Senior Vice-President and President of GM China, said the extension reflects both sides' confidence in the long-term potential of the partnership.

GM China recorded second-quarter sales exceeding 357,000 units.

General Motors operates two joint ventures in China with SAIC Motor: the SAIC-GM entity and SAIC-GM-Wuling, a partnership involving SAIC Motor and Guangxi Automobile Group.

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Mahindra Tractors, the leading tractor brand in India and a key entity within the Mahindra Group, has inaugurated a vibrant new brand campaign specifically for the Punjab market. The initiative, titled ‘Duniya Vich Ikko Lalkaar’, was formally launched at a Chandigarh event, headlined by the release of a high-energy music video named ‘Oh Ho Ho Ho’. This contemporary track is a reimagination of Sukhbir Singh’s iconic 1999 hit, ‘Ishq Tera Tadpave’.

The newly released video is a cinematic tour across Punjab, designed to visually represent the scale, advanced technology and robust power of Mahindra’s agricultural machinery. It features prominent artists, including the celebrated ‘Prince of Bhangra’, Sukhbir Singh, alongside rapper and director Parmish Verma. This launch serves as the initial phase of a larger, multi-platform campaign intended to resonate with local audiences by celebrating regional pride and a forward-looking mindset.

At its core, the campaign aims to honour the ambitious and entrepreneurial character of Punjab’s populace while underscoring the brand’s substantial legacy and deep ties to the region. The initiative recognises Punjab’s status as a globally significant agrarian hub and seeks to reinforce the trust that Mahindra has cultivated with local farmers through decades of collaborative growth and mutual progress.

This enduring relationship has allowed Mahindra to stay attuned to the evolving agricultural demands of the state. The company’s commitment to innovation is exemplified by its award-winning tractor platforms, including the NOVO, ARJUN and YUVO TECH+ series. These machines are specifically engineered to provide the power, performance and durability necessary to support the highly progressive farming economy prevalent across Punjab.

Parikshit Ghosh, Sr Vice President & Head – Marketing & National Business Operations, Mahindra Tractors, said, “Mahindra Tractors is a global brand born in India, trusted by farmers across markets and recognised for its power, technology and performance. Through Duniya Vich Ikko Lalkaar, we are celebrating the shared spirit of ambition, confidence and global influence that defines both Mahindra Tractors and Punjabi music. This is an expression of our global offerings, bringing together culture and creativity to connect with audiences in a way that is contemporary and unmistakably Punjabi.”

Sukhbir Singh said, "Growing up, Mahindra Tractors was a common sight on farms, and over the years I have watched this brand become a global success story while staying deeply connected to Indian farming. This journey of Mahindra Tractors resonates strongly with me personally. I am delighted to collaborate with this powerful brand on Duniya Vich Ikko Lalkaar. It was exciting to recreate my song with these campaign lyrics that celebrate the passion, pride and global influence that both Punjab and Mahindra Tractors share."

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