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MeriCAR : Car Service Centre & Repair Workshops Blog

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Tag: funding

500 Cr for development of a manufacturing base for electric vehicles in India

mericarMay 16, 2018May 16, 2018

FAME Phase II has proposed setting up of a venture capital fund of INR 500 Cr for development of a manufacturing base for zero-emission vehicles and their components, taking prototypes to manufacturing, and development of R&D among others. As many as 136 startups related to electric vehicles already existin India. “In order to support such […]

The global automotive aftermarket is expected to reach $722.8 billion by 2020

mericarNovember 22, 2017November 22, 2017

According to recent report, In USA, there is still 75% of aftermarket auto repair is performed by independent auto repair shops while 25% of the business lives with dealerships. The average length of vehicle ownership for new and used vehicles has increased 60% in the last ten years. Although Americans may be buying newer vehicles, […]