Cred, a leading financial technology platform, has unveiled a new car valuation and resale feature within its ‘Cred garage’ vehicle management service, which allows its members to easily determine their car's value and facilitate its sale, streamlining a traditionally cumbersome process.

The service has been developed in partnership with used car platforms Cars24 and Spinny, which enables new functionality for instant car valuations, free doorstep inspections and swift payments upon sale completion. A key focus of the new feature is privacy, with member information remaining secure and private until they actively opt to proceed with an inspection.

The service aims to provide a convenient and transparent way for members to assess their car's market value without the need to visit multiple dealerships or endure unsolicited sales calls. Whether a member is planning to sell, comparing offers or simply curious about their car's current worth, the feature leverages data from two of India's leading digital resale platforms to provide quick and reliable insights. It also serves as a valuable tool for cross-referencing quotes received from offline dealers, ensuring members secure a fair price for their vehicle.

How it works

Cred members can instantly access their car's estimated value within Cred garage, a feature already used by over 7 million members to manage their vehicles. By answering a few straightforward questions, they receive a detailed valuation.

Should they decide to sell, members can schedule a complimentary home inspection at their convenience. The process is designed to be hassle-free, with no extensive paperwork required from the member. Once the vehicle is inspected and an offer is accepted, the partner platforms manage the entire resale process, including the crucial step of ownership transfer.

Member information is only shared with partners if an inspection is booked. Until then, all data remains securely with Cred, preventing any unsolicited calls or messages from dealers. Additionally, Cred garage will continue to provide members with helpful tips on maintaining their vehicles, potentially enhancing their car's resale value in the future.

Akshay Aedula, Product and Growth at Cred, said, “Cred members already manage their vehicles with discipline – tracking challans, renewing insurance, maintaining compliance. By enabling valuation, inspection and resale, we’re closing the loop: turning responsible ownership into real value by making the final step in vehicle management frictionless, secure and in members’ control. This feature is aimed at creating a car resale premium experience in line with the high-value vehicles that members own and enable them to get better value when they upgrade.”

The expansion of Cred garage builds on its existing suite of services, which includes managing challans, renewing pollution certificates, insurance, and FASTag – all from a single platform. Over the past year, more than 2.4 million members have utilised the service to identify pending challans and 5.3 million have received alerts about expiring pollution certificates. With 37 percent of members managing more than one vehicle, this new feature adds significant value to Cred garage.

Cred members constitute a substantial portion of India’s privately owned vehicle demographic. This new feature aims to make car valuation and resale an organised, efficient and spam-free extension of responsible car ownership.

Gajendra Jangid, Co-Founder and CMO, Cars24, said, “At Cars24, we have rebuilt the car-selling experience from the ground up. What was once a slow and unpredictable process is now instant, transparent and fully online. From pricing to paperwork, every step has been simplified to work without friction. This partnership allows us to extend that experience to more people, in a moment that really matters. If we can help someone close a chapter faster and start the next one with clarity, that is a win we deeply care about.”

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Renault India, a wholly-owned subsidiary of the French Renault Group, has announced the official ARAI-certified fuel efficiency for the new Duster Turbo TCe 100. The upcoming midsize SUV achieves a certified fuel economy of 19.41 kmpl, aiming to offer a balance of everyday performance and low fuel consumption.

The TCe 100 powertrain has been developed exclusively for the Duster line and features specific tuning to optimise thermal efficiency and power delivery. The SUV is built on Renault's all-new RGMP platform. The engine and drivetrain are comprehensively engineered to align with this advanced architecture's structural dynamics.

The turbocharged petrol engine produces a peak power output of 100 PS and 160 Nm of torque. Power is sent to the wheels via a 6-speed manual transmission, calibrated to deliver responsive performance and a smooth driving experience across varied road conditions.

Dr V. Vikraman, Chief of Renault Engineering at Renault Group India, said, “The ARAI-certified fuel efficiency reflects Renault’s focus on practical engineering and customer value. The Turbo TCe 100 engine uses turbocharging and efficient combustion to deliver responsive performance with strong fuel economy. With the 6‑speed manual transmission, the powertrain provides a balanced and efficient driving experience.”

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Hyundai Motor India, one of the leading passenger vehicle manufacturers, has announced the launch of the ‘Hyundai Innovation Challenge 2026’. The initiative invites applications from high-potential startups to collaborate on developing next-generation mobility and automobile technologies.

The program is curated and supported in partnership with ZER01NE, Hyundai Motor Group’s global open innovation platform. The challenge is structured as a 6-month innovation initiative designed to bridge the gap between entrepreneurial concepts and commercial validation. Hyundai Motor India is seeking cutting-edge software and hardware solutions across several core technology pillars – electrification & alternative energy systems; new mobility models & connectivity frameworks; Advanced Driver Assistance Systems (ADAS); Artificial Intelligence (AI)-driven automotive tools and next-generation integrated vehicle technologies.

While the application platform outlines 15 specific focus areas, the automaker encourages startups to submit any disruptive ideas that demonstrate strong potential for high-impact mobility solutions, even if they fall outside the listed criteria.

The program will run on a structured evaluation pipeline managed by LINK Innovation, a global startup consulting and accelerator platform. Startups can submit their entries through the designated LINK Innovation website until the end of June 2026. Applications will be reviewed on a rolling basis throughout the open timeline, judged against a set of preliminary technical and operational parameters. Shortlisted startups will undergo a rigorous review focusing specifically on their technology and product readiness levels. Shortlisted candidates will progress to a final pitch round hosted before HMIL's top management.

The selected startups for the final cohort will gain access to Hyundai's industrial capabilities to transform theoretical concepts into market-ready products. They will get opportunities to co-create future mobility solutions alongside Hyundai Motor India, backed by dedicated Proof-of-Concept (PoC) grants. Hands-on technical guidance and expert mentorship from engineering specialists. Access to Hyundai’s robust commercial ecosystem and customer base to unlock market exposure. Long-term avenues for potential corporate investments and enduring strategic business partnerships.

Tarun Garg, Managing Director & CEO, Hyundai Motor India, said, "At Hyundai Motor India, we strongly believe that the future of mobility will be shaped by collaboration, innovation and bold thinking. The Hyundai Innovation Challenge, curated in partnership with Hyundai Motor Group's ZER01NE team, is designed to bring together some of the brightest minds and most promising startups to co-create solutions that redefine mobility."

“Given India’s dynamic entrepreneurial ecosystem and its growing influence on global innovation, the Hyundai Innovation Challenge is poised to bring new tech innovations to the world of mobility. At HMIL, we see startups as partners and co-creators of a smarter, more sustainable future," said Garg.

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Czech automaker Skoda Auto has released the initial exterior sketches of its upcoming flagship electric vehicle, the Skoda Peaq. The seven-seater SUV marks a new design direction for the brand, utilising clean surfaces, structured details and signature electric vehicle styling cues.

The world premiere of the new flagship SUV is scheduled to take place in Monnetier-Mornex, France, at 18:25 on 23 June 2026.

The exterior of the Peaq represents a consistent application of Skoda's new ‘Modern Solid’ design framework. The aesthetic balances rugged proportions with minimalist, aerodynamic elements tailored for the electric era.

The front features slender, T-shaped headlights and a gloss-black ‘Tech-Deck Face’. A connecting element runs between the assemblies to form a frame-like loop motif, which contrasts against a pronounced, volcano-shaped lower bumper.

The side profile is dominated by a high shoulder line and wide D-pillars to emphasise a wide, stable stance. The sketches also reveal flush door handles seamlessly integrated into the structured body panels to optimise aerodynamic efficiency.

At the rear, the Skoda Peaq echoes the front design language with matching T-shaped taillights and a unified connecting element, establishing a cohesive loop motif that serves as a distinct visual signature.

Karl Neuhold, Head of Exterior Design, Skoda Auto, said, “In designing the exterior of the Skoda Peaq, we consistently applied the Modern Solid design language, combining clean lines, balanced proportions and distinctive elements. Precisely sculpted surfaces and clearly structured details create a confident, timeless presence, while signature features such as the T-shaped headlights and Tech-Deck Face express Skoda’s identity in a new electric era.”

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Honda India Foundation (HIF) has inaugurated a new Driving Practice Zone (DPZ) in Mahendragarh, marking the first facility of its kind in the state of Haryana. The community infrastructure project is designed to provide aspiring drivers with a safe, structured environment to practice driving skills and undergo essential road safety training. The facility will be fully accessible and open to the general public free of cost.

The project targets a prominent infrastructure gap common in Tier II and Tier III towns, where a lack of formal, dedicated driving enclosures often compels learners to practice on public roads, escalating safety risks for themselves and other commuters.

The newly opened Driving Practice Zone incorporates both practical and academic training spaces to build comprehensive driver competency before individuals transition to public roads –

• Dedicated Practice Tracks: Specially engineered tracks to help learner drivers systematically build vehicle control, operational confidence, and manoeuvring skills.
• Theoretical Classroom: A dedicated indoor learning space utilised for theoretical instructional sessions, focused on enhancing traffic rule compliance and general road awareness.

Vinay Dhingra, Trustee of the Honda India Foundation, said, “Road safety begins with access to the right training environment. Through this Driving Practice Zone, we aim to provide learner drivers with a safe, structured space to build driving skills, improve awareness and develop responsible road behaviour before they begin driving on public roads. This initiative reflects our continued commitment to making road safety training more accessible at the community level.”

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