Automakers

Tata Motors is to introduce new models and extend existing model lines in order to maintain its leading position in the SUV sector. The automaker also intends to provide new trims and variations with feature updates to meet changing client demands. "We plan to further expand the SUV space by adding new nameplates/variants at regular intervals and expanding our consumer base," Tata Motors Passenger Vehicles Vice President Rajan Amba said. 

Online automobile startup "Droom" has raised $200 million in pre-IPO funding, taking its valuation to $1.2 billion and registering itself as India's 17th unicorn company. Investors like "57 Stars" and "Seven Train Ventures", participated in the fund-raiser along with others. The company said that it will use the fund to grow its market all over Indian cities and to international markets eventually.