Vaan’s E-biking Vision: Changing India’s Travel
Vaan Electric Moto is an Indian lifestyle e-mobility startup that aims to revolutionize transportation with e-bikes. Founded in 2019 by Jithu Sukumaran Nair, a marine engineer and shipbuilder, Vaan has partnered with Benelli Biciclette, Keeway Group, to offer a range of e-bikes, e-scooters, e-mopeds, e-boats and apparel. Vaan launched its brand globally at the EICMA […]
TVS’s Rs 1,000 Crore Investment in Capex
TVS Motor, the second largest two-wheeler maker in India, has announced that it will invest Rs 1,000 crore in capex for both electric vehicle (EV) and internal combustion engine (ICE) products in the financial year 2023-24. The company also plans to spend another Rs 1,000 crore on subsidies and acquisitions, including its premium motorcycle brand […]
JSW’s 38% Stake in MG Motor: Approved by Competition Commission of India
The Competition Commission of India (CCI) has cleared the proposed acquisition of up to 38% stake in MG Motor India by JSW Ventures Singapore, a subsidiary of JSW International Tradecorp and part of JSW Group. The deal is expected to boost the growth prospects of MG Motor India, which is engaged in the manufacturing and […]
Tata Motors’ Sanand Plant Set for EV Production from April
Tata Motors, India’s leading automobile company, is gearing up to start the production of electric vehicles (EVs) at its newly acquired Sanand plant in Gujarat from April 2024. The company aims to leverage the state-of-the-art facility and the strong supplier network in the region to boost its EV portfolio and market share. The Sanand plant […]
Bajaj Eyes CNG 2-Wheelers After 3-Wheeler Success
Bajaj Auto, the Indian two-wheeler giant, is planning to launch its first CNG-powered motorcycle in 2025, following the success of its CNG three-wheelers. The company aims to offer an affordable and eco-friendly alternative to petrol bikes, with lower running costs and emissions. Why CNG bikes? According to Rajiv Bajaj, the CEO of Bajaj Auto, there […]
E-Bikes Over ‘4 Lakh in Hero Moto’s Green Drive
Hero MotoCorp, India’s largest two-wheeler maker, is gearing up for the electric vehicle market with plans to launch premium e-bikes priced over Rs 4 lakh in collaboration with Zero Motorcycles, a US-based company. The company will also expand its green portfolio with more affordable versions of its Vida electric scooter, targeting the entry-level and B2B […]
Tata Motors Hikes Prices, EVs Gain Momentum
Tata Motors, one of India’s leading automobile manufacturers, has announced that it will hike the prices of its passenger vehicles, including electric vehicles (EVs), by 0.7 percent from February 1, 2024. The price hike is aimed at partially offsetting the rise in input costs faced by the company. The price increase will affect popular Tata […]
Hyundai’s Strategic Move: Acquisition of GM’s Talegaon Plant and ₹6,000 Crore Investment in Maharashtra
Hyundai Motor India Ltd. (HMIL), the second-largest carmaker in India, has completed the acquisition of General Motors India’s Talegaon Plant in Maharashtra, as part of its expansion strategy in the country. The acquisition boosts Hyundai’s cumulative production capacity to 1 million units and aligns with the ‘Atmanirbhar Bharat’ initiative. Acquisition Details The Asset Purchase Agreement […]
Suzuki Motorcycle India and SMFG India Credit Co Join Forces: A New Era in Vehicle Financing
A Strategic Partnership Suzuki Motorcycle India Pvt Ltd (SMIPL), a leading two-wheeler manufacturer in the country, has partnered with SMFG India Credit Co Ltd (formerly Fullerton India Credit Co), a Non-Banking Financial Company (NBFC) and a member of Sumitomo Mitsui Financial Group (SMFG), to provide quick and hassle-free financing options for Suzuki two-wheeler customers. The […]
Auto PLI Scheme: Ola Electric Secures Domestic Value Addition Certificate
Ola Electric, the electric vehicle arm of ride-hailing giant Ola, has become the first Indian two-wheeler EV company to receive certification under the Production Linked Incentive (PLI) Scheme for automobiles and auto components. The scheme, approved by the Union Cabinet in September 2023, aims to boost domestic manufacturing of advanced automotive technology products, including electric […]