AUTOMOBILE
Pravaig launches electric SUV Defy at Rs 39.5 lakh; deliveries to begin next year
The Bengaluru-based company has commenced the bookings of the model and deliveries are expected to begin from the third quarter of next year.
BUSINESS
PMV, Gensol, OSM eye sub-Rs 8.5 lakh e-car market
With electric cars still being priced at Rs 8.5 lakh and above, new-age startups are sensing an opportunity in the Rs 5-to-8 lakh passenger vehicle segment, in which all available models are petrol-fuelled
BUSINESS
Ultraviolette’s F77 electric motorcycle launched in India at Rs 3.8 lakh
The Ultraviolette F77 is available in two variants: Standard and Recon and both of them has three different trims -Airstrike, Shadow, and Laser
BUSINESS
Omega Seiki set to introduce drone-mounted EVs in logistics space
The company plans to cater to the e-commerce, food and beverage, FMCG, and medical product delivery segments.
BUSINESS
Matter unveils its e-motorcycle, to commence bookings by early 2023
Matter aims to have 200 dealerships across major cities over the next 12 months, and is eyeing exports to various markets in Asia, Africa, and Latin America in the next two years and also plans to launch e-scooters
BUSINESS
Jeep India shelves Renegade subcompact SUV plan, hints at adding more products
The global automaker does not want to play in the volumes segment. Renegade may be introduced in India in the 4xe plug-in hybrid format later but will be very highly priced than the Compass SUV.
BUSINESS
Used car market poised for massive growth post Covid
Used-car sales are likely to almost double to 8 million units by 2027 as people move away from public transport and shared rides for better protection against the virus and online platforms bring transparency and trust to the largely unorganised market
BUSINESS
Tata Motors, Maruti and M&M to splash out Rs 20,000 crore on combustion engine capacity
As per the guidance shared by the chief financial officers of the companies, a combined Rs 20,000 crore will be spent in the next few fiscals on ramping up output of waitlisted models
BUSINESS
M&M unlikely to ditch diesel despite EV drive
M&M feels EV demand cannot grow in a significant way unless charging infrastructure builds up at scale, which requires deep penetration into rural markets.
BUSINESS
Volvo’s Bangalore tech lab to zero in on electromobility, engineering solutions for global markets
With the establishment of this lab, the Bengaluru R&D centre becomes Volvo’s largest product engineering site outside Sweden
BUSINESS
Multiple e-motorcycles to zip on Indian roads
While electric two-wheelers currently account for only about 4 percent of two-wheelers sold in India, experts reckon that increasing fuel prices and government subsidies are making people shift from Internal Combustion Engine vehicles to EVs.
BUSINESS
Zypp Electric aims to deploy 2 lakh scooters by December 2025
The Gurugram-based start-up, which provides e-scooters for last-mile deliveries, is looking to expand to Mumbai, Pune, Jaipur, Hyderabad, Calcutta, Chennai, and Ahmedabad, among others. It is in the final stages of raising Series B funding of $25-30 million
BUSINESS
Auto retail sales zoom over 48% across segments in October
With all the categories in green, FADA claims that this year's festive season will be the best in the last four years
BUSINESS
First Formula E world championship to be held in Hyderabad next year; 100-day countdown starts
For the coming season, Formula E fans will see 11 teams and 22 drivers racing the new Gen3 Formula E cars
BUSINESS
Taiwan’s Gogoro joins hands with Zypp Electric for battery swapping pilot service in India
The joint pilot will kick off in Delhi in December 2022; will cater to fleet operators to support last-mile fulfilment, e-commerce, and hyper-local deliveries.
BUSINESS
With Hero, M&M and top brands pulling out, Auto Expo’23 may be a no-show affair
Expensive set-up costs, an unfavourable venue location, little return on investment and lukewarm sales keep prominent auto companies away
BUSINESS
Electric two-wheeler sales breach 75k mark in October, industry body cautiously optimistic
Industry observers say the surge is largely on the back of multiple product rollouts, enhanced production capacity, wider range of options and the festival season demand
BUSINESS
Maruti Suzuki to realign its strategies laying greater focus on SUVs across segments
Volumes in the entry-level car segment are slipping as prices have surged on regulatory requirements around safety and emissions, and higher cost of inputs.
BUSINESS
Ola Electric's Bhavish Aggarwal wants to eat up the ICE Age
He believes that India can lead the world’s EV market, and said that Ola’s not here to build `me-too’ products.
BUSINESS
Ola Electric aims to take on Honda Activa with its low-cost e-scooter
The new e-scooter will have a smaller battery than Ola’s existing models with a range of at least 100 km on a single charge, said a senior Ola official.
BUSINESS
Consumer electronics makers cash in on festive season
Companies are confident that the shopping momentum building up after two years of the pandemic is sustainable.
BUSINESS
Nissan India counts on hybrids for Indian market, but remains silent on EVs
The Indian arm of the Japanese carmaker is, however, reticent about bringing global electric vehicles such as Leaf to the Indian market
BUSINESS
Jawa, Yezdi & Chetak: Why auto companies are resurrecting old brands
Defunct icons have been revived in order to cash in on their brand appeal and nostalgia for the good old days.
BUSINESS
Bajaj Auto Q2 profit jumps 20% YoY to Rs 1,530 crore
BAL's total sales in the quarter rose 0.6 percent on a YOY basis to 11.51 lakh units, while sales of two-wheelers dropped by 1.1% to 10.19 lakh units.
