Droom Launches AI-powered Platform MyDroom On Eve of 10-Year Anniversary
- By MT Bureau
- October 14, 2024
Droom, a leading automobile marketplace has marked its 10-year anniversary by launching MyDroom, which it says is an AI-powered platform that aims to transform the future of vehicle ownership.
The company states that MyDroom is a one-stop destination for vehicle owners that will provide solutions ranging from predictive maintenance and real-time tracking to personalised recommendations. It will not only help users stay ahead of maintenance schedules but also integrate various services like repairs, roadside assistance, and even car washes into a single platform—making vehicle ownership smarter and more efficient than ever before.
Founded in 2014 by Sandeep Aggarwal, (Founder & CEO) Droom claims it has empowered over 2.5 million customers. The 10-year anniversary milestone celebration was attended by Naveen Jindal, Chairman, Jindal Steel and Power, who was the Guest of Honor and its investor and brand ambassador, Badshah. The event was also attended by over 150 tech entrepreneurs in India.
Till date, Droom has sold over 580,000 vehicles worth a staggering USD 7.3 billion, the company has facilitated more than 4.5 million listings and served a vast network of 23,000 dealers across 1,176 cities. It currently has over 16 million monthly active users and 16.2 million app downloads.
“Our country’s growing pool of educated and skilled men and women driving the social and economic change. The majority of our population comprises youth who are aspiring for opportunities. And for us to provide these opportunities, we need to grow and for growth, we need to cooperate, collaborate and co-exist with our neighbours. He praised every entrepreneur for their hard work and contribution to make India what it is. In continuation he said with the right efforts Haryana will be a developed state in next 10 years and Gurugram will be the developed city of the state in next 5 years,” said Jindal.
Badshah added, “I’ve been a part of Droom’s journey as an investor and ambassador, and it’s been inspiring to see how they continue to innovate and push boundaries. MyDroom is a groundbreaking platform that perfectly aligns with my passion for technology and forward-thinking solutions. I’m excited to see how this will transform the way we manage and experience vehicles.”
Sandeep Aggarwal stated, "The past decade has been an extraordinary journey of innovation, disruption, and growth. We are deeply grateful to our team, customers, and partners for their trust and support. MyDroom marks the next chapter in our story — one that places vehicle owners at the forefront and harnesses AI to deliver a truly personalised, seamless experience. We are excited to lead the industry into the next decade and beyond. Sandeep expressed his gratitude to Naveen Jindal and Baadshah for their presence, highlighting the valuable insights and vision they shared with the esteemed audience."
Toyota Motor Corporation To Build New Plant In Aurangabad, Production To Begin In H1 2029
- By MT Bureau
- May 11, 2026
Toyota Motor Corporation (Toyota) announces plans to build a new Toyota Kirloskar Motor plant in the Bidkin Industrial Area, Aurangabad, in Maharashtra.
The plant will have a production capacity of 100,000 units per year and will employ approximately 2,800 people. It is set to produce Toyota Motor Corporation’s new SUV with the facility capable of stamping, welding, painting and assembly processes.
Toyota Kirloskar Motor’s new plant is planned to start production in the first half of 2029 and is aimed at strengthening Toyota's business foundation in the Indian market with production plans for both domestic and export markets.
At present, Toyota Kirloskar Motor has a manufacturing facility in Bidadi, Karnataka, where it has a capacity to produce around 320,000 units per annum.
Toyota Motor Corporation states it will continue strengthening its production structure to enable a flexible response to future demand growth and market changes in India and surrounding regions, and to deliver products in a timely manner that customers choose.
Opel Announces All-Electric C-SUV Development With Leapmotor
- By MT Bureau
- May 11, 2026
European automotive brand Opel has unveiled plans for a new, all-electric C-segment SUV as part of a strategic collaboration between Stellantis and Leapmotor. The vehicle is designed to expand Opel’s existing SUV line-up, which includes the Grandland, Frontera and Mokka.
The project aims to reduce development time to less than two years by utilising Leapmotor’s electric architecture and battery technology. The SUV will be designed in Russelsheim, Germany, with engineering handled by international teams in both Germany and China. Opel will integrate its own chassis engineering, seating technology and signature design into the platform.
Production is currently being evaluated for the Stellantis plant in Zaragoza, Spain, where it would be manufactured alongside the Opel Corsa. The sales of the new model are expected to commence in 2028.
Florian Huettl, CEO, Opel, said, “The SUV would be is designed and created by us at Opel in Russelsheim and developed by international teams located in Germany and China. The partnership with Leapmotor should enable a development time of less than two years. With this, Opel is planning a further important step in the development of state-of-the-art and accessible electric vehicles for our customers."
Xavier Chereau, Chairman of the Opel supervisory board and Stellantis Chief Human Resources & Sustainability Officer, added, “With this project, Opel would bring together German engineering excellence with global technological innovation speed. This innovative spirit defines the next chapter of our global collaboration with Leapmotor and Opel is taking on a pioneering role with this project."
The project is currently in the feasibility and pre-development stage, with definitive agreements and customary approvals pending. The announcement comes shortly before Stellantis' Investor Day 2026.
Skoda Auto India Expands Network With New Hyderabad Facility
- By MT Bureau
- May 09, 2026
Skoda Auto India has inaugurated a new sales facility in Raidurgam, Hyderabad, in partnership with Mody India Cars. The move strengthens the brand’s presence in Telangana, a key market for its growth strategy in India.
The new facility covers 3,200 sqft and is designed according to Skoda’s global ‘Modern Solid’ design philosophy, with space to display four vehicles. With this addition, Skoda now operates 15 customer touchpoints in the twin cities of Hyderabad and Secunderabad and a total of 19 touchpoints across Telangana, including Karimnagar, Nizamabad and Warangal.
With this, Skoda’s network has now expanded to over 330 touchpoints across 182 cities, up from 120 outlets in 2021. This growth follows a record-breaking Q1 2026, where the company sold 20,028 units, a 17 percent increase YoY, driven largely by the success of the Kylaq sub-compact SUV.
Ashish Gupta, Brand Director, Skoda Auto India, said, “With the inauguration of this new sales facility in Hyderabad, we continue to strengthen Skoda Auto India’s presence across Telangana. This city is a key market for us, and with over 15 Customer Touchpoints now operational, we are bringing our complete product range closer to customers while ensuring they experience the highest standards of service and care. Telangana remains a vital pillar of our growth in India, and with the Kylaq, new Kushaq, Kodiaq and Slavia, we are confident of growing the Skoda brand in this important market.”
Nihar Mody, Dealer Principal, Mody India Cars, said, “We are delighted to partner with Skoda Auto India and bring the brand’s premium experience closer to customers in Hyderabad. This new facility is designed to deliver a premium customer experience, from display to delivery. Our commitment is to provide the customers of this city with the very best of Skoda Auto’s product range and ownership journey.”
The expansion aligns with the company's ‘Skoda Super Care’ initiative, which provides a standard 4-year warranty and roadside assistance to enhance the long-term ownership experience.
Tata Motors Launches Nexon Pure+ PS With Panoramic Sunroof At INR 959,000
- By MT Bureau
- May 09, 2026
Tata Motors Passenger Vehicles (TMPV) has expanded its popular compact SUV offering the Nexon with the Pure+ PS variant at INR 959,000 (ex-showroom, Delhi). This introduction makes the Nexon the first vehicle in India to offer a panoramic sunroof at a price point below INR 1 million. The launch coincides with the milestone of one million Nexon units on Indian roads.
The Pure+ PS variant is available across multiple powertrain options, including a 1.2-litre turbocharged petrol engine, Twin Cylinder iCNG and a diesel engine, with both manual (MT) and automated manual (AMT) transmissions. The Nexon remains the only SUV in India to offer petrol, diesel, CNG and electric powertrains.
The tech-loaded Nexon Pure+ PS variant gets a voice-assisted panoramic sunroof, a 26.03-cm Harman infotainment system with wireless Android Auto and Apple CarPlay. It features a 6-speaker sound system and HD rear-view camera, auto LED headlamps & rain-sensing wipers, and cruise control and electric ORVMs with auto-fold functionality
Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility, said, “As India’s #1 selling car in H2FY26 and India’s #1 SUV in FY26, the Nexon continues to remain as the preferred choice for customers across the country. With a 1 million+ strong family, Nexon has always stood for offering a superior all round package to its buyers at every price point. The introduction of the Pure+ PS variant with India’s first panoramic sunroof under INR 1 million further strengthens its proposition.”

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