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Newly-listed Ola Electric has laid out a roadmap to profitability banking on higher volume, vertical integration of supply chain and in-house produced cells, while it has shelved plans to make electric car, as of now. Listen in to Founder and CMD Bhavish Aggarwal as he highlights the companies grand plans.
#olaelectric #bhavishaggarwal #olaelectric
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The second-generation Jupiter by TVS Motor will be pitted against other 110 cc ICE scooters such as Honda Activa and Hero Pleasure Plus
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The company expects the strategic changes to result in a special noncash charge of approximately $400 million due to the write-down of certain manufacturing assets linked to the canceled SUV.
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The Czech carmaker had conducted a naming contest to select the name
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The auto retail body has said that the vehicle stockpile has climbed to 70-75 days now as against the ideal inventory of 30-35 days.
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CEO Niranjan Gupta says that the company's EV range will expand into the mid and affordable segment by the end of this financial year.
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Get ready to take your off-road adventures to the next level with the Mahindra Thar Roxx! In this review, we'll put Thar Roxx through its paces, testing its capabilities, features, and performance. With its powerful engine, enhanced suspension, and aggressive styling, does the Thar Roxx live up to its promise of being the ultimate off-road vehicle? Watch to find out!
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Raamdeo, however, is not writing off the incumbents of the two-wheeler business - Hero Moto and Bajaj Auto, and expects them to become strong players in the EV space at 'some point of time'.
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Donald Trump says he is open to offering Tesla CEO Elon Musk a cabinet job and has added he may do away with $7,500 tax credit for electric-vehicle purchases, a move that will hurt the EV maker. "Tax credits and tax incentives are not generally a very good thing," Trump said in an interview after a campaign event in Pennsylvania
#trump #elonmusk #usa #uspresidentialelection2024 #trumpnews
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The middleweight bikemaker is also betting big on Hunter 350, which was launched in August 2022, and is incidentally its most affordable motorcycle (priced at Rs 1.5 lakh)
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Bharat Petroleum Corporation Ltd currently owns about 14 percent of India's oil refining capacity and about a quarter of the fuel retailing network.
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The company will leverage on its plant in Indonesia to cater to other neighbouring markets in the ASEAN region, where it has started selling its electric scooter TVS iQube last year
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The company was making accounting provisions for deferred tax liability on fair value gains on these investments, Maruti Suzuki India said in a regulatory filing.
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The all-new Temerario coupe pairs a 4.0-liter twin-turbo V-8 engine with three electric motors in a continuation of the Italian automaker’s hybrid strategy.
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A highway worthy, family-friendly, bonafide SUV for the ages
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Experts believe that M&M's aim to lead the Rs. 12.5+ lakh SUV segment is ambitious but not unrealistic.
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The new variant of Venue will be powered by 1.2 L Kappa Petrol engine with manual transmission, the Hyundai VENUE S+ variant comes equipped with features like: Smart Electric Sunroof, Digital Cluster
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Luxury carmakers feel the Indian market has not yet evolved to a point that justifies investment in the local manufacture of premium EVs, which cost Rs 50 lakh and above.
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Mahindra & Mahindra rolled out five-door Thar Roxx and may also introduce new products under the brand over the next few years to cater to different sets of customers.
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M&M has invested around Rs 1,100 crore in the development, including creating additional production capacity for the five door Thar, which was designed at the Mahindra India Design Studio (MIDS) in Mumbai
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Ola Roadster X price: CEO Bhavish Aggarwal, at the company's ‘Sankalp 2024’ event, said that the delivery of the Roadster Pro will begin in Diwali next year while the Roadster X and Roadster will be available from January 2025.
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The starting price for the base petrol model of the Thar Roxx is set at Rs 12.99 lakh, while the base diesel model begins at Rs 13.99 lakh.
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The vertical design integration model works on the premise that in the automobile industry value chain, the biggest opportunity to reduce cost is at the design stage and not so much in manufacturing
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The company is yet to reveal the price of the motorcycle but there is talk of the vehicle being priced between Rs 1.5 lakh and Rs 2 lakh
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The two-wheeler segment registered a decent sales growth of 12.5% in July 2024 as compared to a year ago at 14.42 Lakh units, said SIAM.
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Fronx is the second model from Maruti Suzuki to be exported to Japan, after Baleno in 2016.
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Once launched, the E-Class LWB will be taking on the just-launched BMW 5 Series LWB and soon-to-be-launched Audi A6. Estimated to be priced upward of Rs 80 lakh (ex-showroom), the luxury saloon will be available in both petrol and diesel options.
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To be sure, OEMs which are yet to repay the government, have contested the government’s claims and some of them have already taken legal recourse to resolve the issue.
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With this, the complete Range Rover portfolio is now made-in-India, the company said.
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The bookings and test rides of the 2024 Classic 350 across stores, will start on September 1, when the prices for all the variants will also be revealed
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The Chennai-based company is eyeing a double-digit growth in volumes during this fiscal, on the back of a revival in the rural markets.
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BSA was relaunched in 2021 and expanded its reach to 23 countries across Europe and the UK. The brand is owned by Classic Legends, whose portfolio also boasts of Jawa and Yezdi motorcycle brands.
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The Pune-based company plans to utilise the funds towards scaling up production at its manufacturing facility in Supa (Maharashtra), marketing and distribution of its current products including the recently-launched E-Luna, and towards research and development of new products, it said in a statement.
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Inside, the new Mahindra 5-door Thar will carry several modern features such as a digital instrument cluster, a 10.25-inch infotainment system, along with ADAS Level 2.
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Amara Raja Advanced Cell Technologies is building a 16 GWH lithium-ion cell production and battery pack assembly facility in Telangana. After attaining 50 percent of the desired output, it will look for stake dilution.
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With the company selling a record 103 units in India in 2023, Automobili Lamborghini Asia Pacific Region Director, Francesco Scardaoni said his wish is to cross the annual sales mark of 150 units in the country in 2026
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Amara Raja Energy & Mobility is establishing its Gigacorridor for battery pack and cell manufacturing with an overall capacity of 5GWh and 16GWh respectively by 2029.
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Kant also said that transition to low carbon technologies relies hugely on Lithium-ion technologies which are crucial for powering Electric Vehicles and New Energy sectors
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Ola's Bhavish Aggarwal is banking on in-house ability to commercially produce cells by early 2025, and aims to replace all external batteries across products over the next year.
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The company, which on Friday launched the plug-in hybrid version of its flagship SUV Urus with prices starting at Rs 4.57 crore (ex-showroom) plans to bring its other hybrid models going forward as and when it launches those in the global markets.
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'The company considers it necessary to clarify to the stock exchanges that the article is unfounded and there is no truth in the matter,' M&M tells stock exchanges
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Can eye-catching coupé-SUV design help the wonderfully engineered Citroen Basalt get its due?
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For Q1 FY 2024-25, Eicher Motors Ltd recorded best ever total revenue from operations at Rs 4,393 crore
(up 10 percent), EBITDA at Rs 1,165 crores (up 14 percent) and Profit after Tax at Rs 1,101 crores (up 20 percent)
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With the unveiling of the Mercedes-AMG GLC 43 4MATIC Coupe and CLE 300 Cabriolet AMG Line, priced at Rs 1.105 crore and Rs 1.10 crore, respectively, the company has strengthened its top-end product range further.
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Heavy industries additional secretary Hanif Qureshi says the FAME3 outlay has not been finalised as the ministry is gathering views from various quarters of the automobile industry
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FAME-III scheme should be announced at the earliest, says Vivek Srivatsa, chief commercial officer of Tata Passenger Electric Mobility Ltd, the EV arm of Tata Motors.
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The event was kickstarted by Shailesh Chandra, Managing Director of Tata Motors, who highlighted the significant strides the company has made in the electric vehicle sector.
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The development comes months after the two-wheeler manufacturer had announced that it aims achieve its target of producing 10,000 units of its Triumph motorcycles each month by September.
