Deep-tech startup Vimag Labs has secured its fifth Indian patent for a software-defined, magnet-free electric motor platform, supporting its commercial vehicle pilots and a USD 5 million Series A funding round.

HMSI President and CEO Tsutsumu Otani said the company is increasing capacity not only to meet rising domestic demand but also to support exports to international markets.

The all-electric iX3, expected to launch in India in early 2027, will be the first production model built on BMW’s Neue Klasse platform.

The partnership comes at a time when India's electric vehicle market continues to expand, increasing the need for battery recycling infrastructure. (Representative image: Pexels)

The company's teaser images show interior configuration options with lounge seats, a central table, and lots of luggage space.

KTM Cup Season 4 will be held in over 30 cities and around 2,000 riders are expected to participate.

BMW overtook Mercedes-Benz in H1 2026 luxury car registrations, hitting 10,043 units to claim a 38% market share.

The lower-spec Volkswagen Tayron will feature a slightly different design than the current R-Line variant.

The new Nissan Tekton shares its underpinnings with the Renault Duster but gets a different identity as the new Nissan flagship in India.

The business comprises Tata's listed passenger and commercial vehicle operations, Jaguar Land Rover (JLR), and its privately held automotive components business.