Page 2 - F1

TVS to acquire 48% stake in two-wheeler startup DriveX for Rs 85 cr

TVS Motor Company on Wednesday said it will acquire 48 per cent stake in Narain Karthikeyan's pre-owned two-wheeler startup 'DriveX' for a consideration of Rs 85 crore. The company said it will acquire 48.27 per cent stake in NKars Mobility Millennial Solutions Pvt Ltd (NMMSPL), which operates under the brand DriveX', through primary and secondary investments. Founded by Formula 1 driver Karthikeyan, DriveX is into leasing of two-wheeler motorcycles and scooters and selling, trading, and distributing pre-owned two-wheeler motorcycles and scooters. "DriveX has a vision to bring a change in this segment by building trust, assurance, and transparency through end-to-end, high-quality products and customer experience through innovative solutions. We are confident of DriveX ability to deliver on this vision," TVS Motor Company Managing Director Sudarshan Venu said in a statement. DriveX Founder and CEO Karthikeyan said DriveX is a digital first business, serving all brands with ...

Verstappen wins the F1 Hungarian GP after Ferrari strategy blunder

Dutch driver Max Verstappen climbed from 10th on the grid to win the F1 Hungarian Grand Prix, as Ferrari and Charles Leclerc lost yet more points to some questionable strategy.

A rallyist and an auto major ride tandem to innovate

In January 2021, 135 km into Stage 4 of the Dakar Rally, Santosh suffered an accident on a gravel track that left him unconscious and in need of resuscitation.

Ferrari driver Charles Leclerc wins Formula 1 Australian Grand Prix

The 24-year-old Leclerc extended his lead in the drivers' championship while claiming his second win of the season following victory in the season-opening race in Bahrain.

Audi and Porsche to enter F1, get green light from Volkswagen

There has long been talk of Audi and Porsche forming partnerships with existing Formula One teams, their most likely method of entry into the highest class of international racing

Formula 1 shifts from racing to human rights in Saudi Arabia

Saudi Arabia also came under scrutiny in October after buying Premier League soccer club Newcastle

Formula One cancels Russian Grand Prix in the wake of Ukraine crisis

Formula One says it is "impossible" to hold a race in Russia later this year following Russia's invasion of Ukraine.

Formula 1 approves new points system for shortened races after Spa fiasco

Talks on the subject have been taking place since the 2021 Belgian Grand Prix at Spa-Francorchamps was shortened due to bad weather

Max Verstappen wins first F1 title with last lap pass of Lewis Hamilton

You are the world champion! The world champion! screamed back Red Bull boss Christian Horner

After 21 races, Formula One down to the wire in thrilling title finish

First driver across the finish line will be crowned champion

Tickets sold to vaccinated, recovered fans for Forumla-1 Bahrain GP

Tickets will be sold to fans for Formula One's season-opening Bahrain Grand Prix providing they have been vaccinated against COVID-19 or prove they recovered from it, organizers said Thursday

F1 icon Michael Schumacher's son Mick to race for team Haas in 2021

Mick Schumacher, 21, leads the Formula 2 title race heading into the final round of the season at Bahrain International Circuit.

More than 4,000 coronavirus tests on F1 personnel prove negative

F1 has its first race in Austria, four months after the opening race in Australia was cancelled and the season postponed

"I Could be the First Man to Win for Three Different Teams", Alonso

"I Could be the First Man to Win for Three Different Teams", Alonso

Gone in 1.88 seconds: Secrets of F1 mechanics changing tyres really fast

The average in the sport is closer to three seconds

Mercedes' Valtteri Bottas wins F1 Russian GP

Mercedes' Valtteri Bottas wins F1 Russian GP