If the parties agree on the JV, the mass production of the bikes will take place at LML’s facilities in India.
Locally produced at BMW Group plant in Chennai, the new exclusive edition comes in both petrol and diesel engine options.
The underpinning used by Virtus is shared with other models of the Volkswagen Group. including the recently launched Skoda Slavia, Skoda Kushaq and Volkswagen Taigun SUV.
The hike comes after the country’s top carmaker increased vehicle prices by around 8.8 percent between January 2021 and March 2022
The model comes with a 1.5 litre petrol engine paired with both manual and automatic transmissions.
The adventure sports tourer will be available as a completely built-up unit (CBU) and can be booked at BMW Motorrad dealerships, the company said in a statement.
The price revision is the result of a continuous increase in prices of key commodities such as steel, aluminium, palladium, etc, auto major said in a statement.
Speaking as the carmaker celebrated the successful test drive of its EQXX prototype vehicle over more than 1,000 km from Sindelfingen in Germany to the Cote d'Azur on a single charge, CTO Markus Schaefer said efficient design was key to maximising an electric car's range.
The new C-Class will be launched on May 10. An exclusive booking window, only for the existing customers of Mercedes-Benz, is open from April 13-30 and booking for other prospective buyers will open from May 1 onwards, the company said.
Passenger vehicle (PV) dispatches from factories to dealerships in March 2021 stood at 2,90,939 units.
The company has recently opened its first EV charging corridor along the Chennai-Trichi-Madurai highway with one charging unit.
Vehicles are rated from zero to five based on their safety features and automobiles with a higher rating considered safer for occupants.
India's increasing numbers of "dollar millionaires" include young entrepreneurs or high-earning professionals who appreciate the luxury element and technology of the cars, said Martin Schwenk, chief executive of Mercedes-Benz India.
The partnership will harness CSC Grameen’s digital platform to facilitate Mahindra vehicle enquiries and real time online lead transfer to M&M from deep rural pockets, the company said in a statement.
The opportunity includes potential revenue of about Rs 1.5-lakh crore across vehicle segments for original equipment manufacturers (OEMs) and around Rs 90,000 crore in the form of disbursements for vehicle financiers, with shared mobility and insurance accounting for the balance, as per the analysis.
The 11 cities are Delhi NCR, Mumbai, Pune, Surat, Ahmedabad, Bengaluru, Hyderabad, Chennai, Coimbatore, Calicut, and Thrissur, Mercedes-Benz India (MBI) said.
YZF-R15M 60th Anniversary Edition is inspired by the World GP YZR-M1 and marks Yamaha’s association with the premier series of motorcycle road racing since 1961, India Yamaha Motor (IYM) Pvt Ltd said in a statement.
The company, which is expanding the annual production capacity of its current plant at Halol in Gujarat to 1.25 lakh units by 2023, is looking to add another 1.75 lakh units capacity from the second plant and take its overall capacity to 3 lakh units a year in the next two years.
The Mumbai-based automaker, which led the passenger electric vehicle space in the domestic market in last fiscal year, has been receiving an average of 5,500-6,000 bookings in the past two months for its EV range.
The automaker said it has increased customer touchpoints from 25 in 2019 to 51 in 2022 across North India, which translates to a growth of 104 per cent over the last two years.
EV solutions company Magenta in association with Euler Motors is planning to deploy 1,000 e-cargo three-wheelers in cities such as Bengaluru, Hyderabad and Chennai in coming months.
In India, taxi drivers have been unhappy with the emergence of ride-sharing and many unions over the years have gone on strike to protest against the loss of income.
Lithium is a key component in electric vehicle batteries and so automakers are racing to secure supplies.
The Tata Motors-owned luxury automaker noted that the retail sales for the three-month period continued to be constrained by the global semiconductor shortage.
Nissan is working with NASA on a new type of battery for electric vehicles that promises to charge quicker and be lighter yet safe, the Japanese automaker said Friday.