BUSINESS
RIL aims for 50 GWh output at its battery unit
RIL sees batteries as an integral part of grid-scale renewable energy and has little or no dependence on noble metals, ensuring supply security, RIL chairman Mukesh Ambani has said
BUSINESS
Lamborghini India on course to hybridise its entire portfolio from next year
The first off the block will be a V12, followed by a V8 SUV, and a V10, both in 2024. And by 2028 it plans to be fully electrified
BUSINESS
2,000 units of Maruti Suzuki Alto K10 booked in a week
The highest priced AMT trim accounts for 34% of the bookings, followed by VXi+, VXi at 28% each, LXi 8% and the base version 2%
BUSINESS
Auto component industry clocks $56.5-bn topline in FY22, aims for enhanced focus on EV parts
Growth came on the back of a slew of regulatory steps and value-addition done by the industry, say experts. The industry is evolving with the times.
AUTOMOBILE
Gensol Engineering dilutes 10% stake to raise Rs 140 Crore for its EV manufacturing project
The renewable energy solutions company plans to make 14,400 electric cars annually at the proposed facility in Chakan, Pune. It will also use the proceeds to grow its solar EPC business.
BUSINESS
Next two years could see multiple quadricycle rollouts
While Bajaj Auto is working on reintroducing its Qute quadricycle in a greener avatar, others like Mahindra & Mahindra (M&M) and Hero MotoCorp are also working on a timeline for foraying into this segment.
BUSINESS
Maruti Suzuki unlikely to reach 100% production levels in Q2 despite easing chip shortage, says official
Semiconductor supplies have reached 95 percent levels and not 100 percent and the situation may remain the same for the entire second quarter of FY23, said Shashank Srivastava
AUTOMOBILE
Will partnership with VW boost M&M’s EV fortunes?
The partnership, several analysts reckon, is a win-win proposition for both companies, would lead to faster electrification in India and support a rapid rollout of new EV products
BUSINESS
Ola’s maiden e-car to give 500 km range on a single charge, says CEO Bhavish Aggarwal
The Ola car is designed to deliver a drag coefficient of less than 0.21, claiming it to be the best in its class, said Aggarwal
BUSINESS
Royal Enfield to launch EVs only in 4-5 years: Eicher MD Siddhartha Lal
We will build the international market like we built the Indian market, the third-generation automobile entrepreneur said
AUTOMOBILE
Apollo Tyres Q1 Result | Net profit surges 49% YoY to Rs 191 crore, revenue grows 30%
Its operating profit increased by 22 percent to Rs 690 crore, as against Rs 567 crore logged in the year-ago period.
BUSINESS
Hyundai launches 4th gen Tucson in India at Rs 27.7 lakh
The 2.0 l petrol line-up will be offered in 2 variants, starting with the Platinum AT trim variant that comes with 45+ Safety & 60+ Bluelink connected car features at a price of Rs. 2769,700.
BUSINESS
HMSI aims to corner 25% share in India’s midsize bike market by 2025
The company has just launched its naked streetfighter motorcycle CB300F
BUSINESS
As chip shortage eases, M&M gears up for capacity expansion
Attributes long wait periods of 20-24 months to unprecedented demand. Says, doesn't have high dependence on Taiwan from a single-source standpoint.
COMPANIES
LG India on course to sell 1.4 million units during CY 2022
AS per TechSci Research, among the key industry players, Voltas (owned by the Tata Group) has a market share of 9 percent, Daikin has 10 percent, LG 11 percent, Blue Star 5 percent, and Johnson Controls-Hitachi Air Conditioning 6 percent market share in FY22.
BUSINESS
Volvo 9600 intercity sleeper buses launched; hybrid and electric variants unlikely
Just like other Volvo Buses, the coaches on the Volvo 9600 platform will be manufactured at its Hosakote plant in Karnataka.
AUTOMOBILE
As semiconductor crisis abates, carmakers firing on all cylinders
Car companies report higher sales in July; multiple roll-outs by top car-makers help
BUSINESS
Apollo Tyres launches EV-specific tyres for cars, scooters
The Apollo Amperion range of tyres are targeted at the electric passenger vehicle segment, and the WAV range are meant for two-wheelers. Both products will be rolled out from the company’s facilities in Tamil Nadu and Andhra Pradesh.
BUSINESS
Ashok Leyland earmarks Rs 1,500 crore capex until FY24
Ashok Leyland will not invest in any new factory. Instead, it would focus on debottlenecking its plants to improve efficiencies in its manufacturing processes.
BUSINESS
Tata Motors to partner with Tata AutoComp to reinforce localisation drive for EV parts
The company plans to invest Rs. 15,000 crore in the EV segment in the next five years. The company,a leader in the EV segment with products such as Nexon, also plans to develop around 10 new offerings in the segment.
BUSINESS
Bajaj Auto gears up to roll out BS-VI version of Qute, to launch e-avatar too
The quadricycle is currently under the ‘business development’ phase, says a senior company official. It will see a commercial roll-out, once it is homologated by the Automotive Research Association of India next year
TECHNOLOGY
EV powertrain retrofitment market gains traction with influx of organised players
While an average electric four-wheeler costs about Rs 15 lakh in India, retrofitting an existing old vehicle costs the owner of that vehicle only about Rs 4-5 lakh, as per estimates by Transparency Market Research
AUTOMOBILE
Volvo XC40 Recharge launched at Rs 55.9 lakh
This will be the first locally built luxury e-car and will be assembled at Volvo Truck India‘s Hosakote plant near Bengaluru in Karnataka
AUTOMOBILE
Maruti Suzuki gives Alto a complete makeover, looks to re-energise hatchback market
The upcoming A-segment car will be based on MSIL’s modular Heartect platform, which also underpins multiple product lines like the S-Presso, Celerio and WagonR, Ertiga and XL6.
