IGL Cuts CNG Prices in Delhi by Rs 2.5/kg
Indraprastha Gas Limited (IGL), the sole supplier of compressed natural gas (CNG) in Delhi, has slashed the selling prices of the gas by Rs 2.5 per kg across all geographical areas of its operation, effective from 6 am on March 7, 2024. The company said that the price reduction was due to a dip in […]
Jio-bp and Hiranandani: A Partnership for EV Charging Infra
Jio-bp, the fuel retail joint venture of Reliance Industries and bp, has announced a partnership with House of Hiranandani to set up electric vehicle (EV) charging infrastructure at their properties across Mumbai, Hyderabad, Chennai, and Bengaluru . This is a strategic move to tap into the growing demand for EVs in India and to provide […]
Yamaha RX100 New Version Reportedly Coming to India
Yamaha RX100 is one of the most iconic motorcycles in India, known for its sleek design, powerful performance and distinctive sound. The bike was discontinued in 1996, but it still has a loyal fan base among enthusiasts. Now, there are reports that Yamaha is planning to bring back the RX100 in a new avatar, with […]
EV Startup Vidyut Raised $10M by 3one4 Capital
Vidyut, an electric vehicle (EV) financing startup, has raised $10 million in its Series A round of funding, led by 3one4 Capital. The company plans to use the funds to expand its presence to 40 cities and offer a full-stack ecosystem for EV owners, including insurance, resale, servicing and maintenance. Vidyut was founded in 2021 […]
Mitsubishi Acquires 30% of TVS Mobility’s New Entity
Mitsubishi Corporation, the Japanese conglomerate, has entered into a strategic partnership with TVS Mobility, one of India’s leading automobile dealerships, to acquire 30% stake in its new entity, TVS Vehicle Mobility Solution Ltd (TVS VMS). The deal was announced on February 19, 2024, and is expected to close by March 31, 2024. TVS VMS is […]
TVS Mobility, Mitsubishi Corp JV for India’s Vehicle Ecosystem
TVS Mobility, a leading player in the Indian automotive distribution and aftermarket industry, has announced a joint venture with Mitsubishi Corporation, a Japanese conglomerate, to establish a comprehensive vehicle mobility ecosystem in India. The new entity, TVS Vehicle Mobility Solution (TVS VMS), will offer a complete portfolio of services to its customers, including new vehicle […]
50:50 Premium vs Mass: Tata FY24 Launch Strategy
Tata Motors, India’s leading automobile manufacturer, has announced its launch strategy for the financial year 2024. The company plans to introduce 10 new models across different segments, with a focus on balancing premium and mass offerings. Here is a detailed analysis of Tata FY24 launch strategy and how it will impact the market. Premium vs […]
Pure EV Secures $8M in Recent Funding Round
Hyderabad-based electric two-wheeler manufacturer Pure EV has raised $8 million from a consortium of investors led by Bennett Coleman and Company Ltd, Hindustan Times Media Ventures, and Ushodaya Enterprises Pvt Ltd. The company is also in the final stages of raising $25 million from foreign institutional investors and is in talks to raise another $15 […]
Two-Wheeler Market: Hero MotoCorp CEO’s Growth Forecast
The domestic two-wheeler market is expected to witness a double-digit revenue growth in the next fiscal year (FY25), according to Hero MotoCorp CEO Niranjan Gupta. He attributed this optimism to the increasing demand for premium models and an anticipated improvement in entry-level two-wheeler sales. Premiumisation of the market Gupta said that there is a shift […]
Skoda Slavia Style Edition: Luxury at Rs 19.13 Lakh
Skoda has launched a new variant of its popular sedan, the Slavia, called the Style Edition. The Style Edition is based on the top-end Style trim and comes with some exclusive features and cosmetic enhancements. It is priced at Rs 19.13 lakh (ex-showroom), which is Rs 30,000 more than the regular Style variant. What’s new […]