Insights & Updates: Explore Our Latest Blog Posts
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Most Unsafe Cars in India
Various organizations and agencies such as the Global NCAP (New Car Assessment Programme), the ASEAN NCAP, and the Euro NCAP conduct safety ratings and evaluations of cars in general. These ratings have revealed that several cars sold in India have poor safety ratings, especially in terms of crashworthiness and structural integrity. It is important to note that a car’s safety depends on various factors such as its design, build quality, safety features, and driving conditions.
Are EVs worth a buy now?
With a continuous rise in fuel prices, electric vehicles may often seem like a plausible and reasonable option to switch to. But are they a worthy substitute for fuel vehicles and a convenient alternative to change the course of the automobile industry in India at this very moment? Or are there phantom expenses and underlying issues which might make the purchase a liability instead of an asset? The new users, planning to switch to electric vehicles from petrol or diesel-operated vehicles, often wonder if electric vehicles are worth switching to. Should they buy electric vehicles? Shall electric vehicles be able to meet their range demands? Whether they shall be able to get their value worth? If they shall buy an electric car or just keep to a more advanced version of the fuelled ones? If electric vehicles have any demerits which may weigh heavier than fuelled vehicles?
False financial reporting of GoMechanic
After Zilingo, Bharatpe, and Tell, another Sequoia Capital India-backed startup GoMechanic admits to cooked books and auditing issues. The founder of GoMechanic Amit Bhasin took LinkedIn to admit to errors in financial reporting and governance. He mentioned in his post that the startup made errors in judgments to follow growth at all costs particularly relating to financial reporting which they regret and take full responsibility for. He also added that they have decided to restructure the business along with looking for ‘capital solutions’ and would be letting go 70 percent of the workforce.
