Hero MotoCorp to invest Rs 600 crore for new parts centre in Andhra Pradesh

In a bid to expand its parts, accessories and merchandise business, Hero MotoCorp will invest up to Rs 600 crore over two years to set up a Global Parts Centre in Tirupati, Andhra Pradesh. The company’s focus on the Parts Accessories and Merchandise (PAM) business has led to the business crossing annualised revenue of Rs 5,000… Continue reading Hero MotoCorp to invest Rs 600 crore for new parts centre in Andhra Pradesh

Steelbird Hi-Tech reports Rs 687 crore revenue in CY2023

Steelbird Hi-Tech, a leading player in helmet manufacturing, reported revenues of  Rs 687 crore during the calendar year 2023.  The company shared that it had produced 80 lakh helmets in CY2023 and remains hopeful of reaching 10 million units in CY2024. In addition to the helmet sales, Steelbird Helmet sold 3,44,865 side boxes, contributing to… Continue reading Steelbird Hi-Tech reports Rs 687 crore revenue in CY2023

Steelbird Hi-Tech reports Rs 687 crore revenue in CY2023

Steelbird Hi-Tech, a leading player in helmet manufacturing, reported revenues of  Rs 687 crore during the calendar year 2023.  The company shared that it had produced 80 lakh helmets in CY2023 and remains hopeful of reaching 10 million units in CY2024. In addition to the helmet sales, Steelbird Helmet sold 3,44,865 side boxes, contributing to… Continue reading Steelbird Hi-Tech reports Rs 687 crore revenue in CY2023

JK Tyre Introduces Sikhsha Sarthi Scholarship Programme

JK Tyre has partnered with the Tata Institute of Social Sciences (TISS) and Protean Vidyadsaarthi to launch the ‘JK Tyre Shiksha Sarthi Scholarship Scheme’ exclusively for the daughters of heavy motor vehicle drivers from the states of Tamil Nadu and Karnataka.  The newly launched scholarship program is tailored for various undergraduate courses, offering financial assistance… Continue reading JK Tyre Introduces Sikhsha Sarthi Scholarship Programme

Lectrix EV launches LXS 2.0 at Rs 79,999

Lectrix EV has launched the LXS 2.0 at Rs Rs 79,999. The e-scooter offers a range of 98kms on full charge and features a 2.3KW battery. Pre booking for the LXS 2.0 is now open with deliveries beginning from March 2024 onwards. K Vijaya Kumar, MD and CEO of SAR Electric Mobility said, “We understand… Continue reading Lectrix EV launches LXS 2.0 at Rs 79,999

Lectrix EV launches LXS 2.0 at Rs 79,999

Lectrix EV has launched the LXS 2.0 at Rs Rs 79,999. The e-scooter offers a range of 98kms on full charge and features a 2.3KW battery. Pre booking for the LXS 2.0 is now open with deliveries beginning from March 2024 onwards. K Vijaya Kumar, MD and CEO of SAR Electric Mobility said, “We understand… Continue reading Lectrix EV launches LXS 2.0 at Rs 79,999

BorgWarner partners with BYD firm FinDreams Battery for LFP battery packs 

BorgWarner, an American automotive and e-mobility supplier, has tied up with FinDreams Battery, a subsidiary of BYD Company, for the localisation of LFP battery packs for commercial vehicles. BorgWarner will be the only non-OEM localised manufacturer, unaffiliated with FinDreams Battery, with rights to localise LFP battery packs for commercial vehicles, utilising FinDreams Battery blade cells in Europe, the… Continue reading BorgWarner partners with BYD firm FinDreams Battery for LFP battery packs 

Ford begins work on affordable EV platform

Ford is readying an all-new EV platform aimed at the affordable end of the market that will rival the entry-level Tesla models and the ones made by several Chinese brands globally. In an earnings call, Ford CEO Jim Farley announced that a “skunkworks team”, which was unknown until now, has been working on the development… Continue reading Ford begins work on affordable EV platform

Lohia Auto expands market electric 2w market, targets e-commerce, bike taxis

Having established its presence in the e-3w market, Lohia Auto Industries is expanding into the e-two-wheeler space which will cater to commercial and personal mobility segments.  “We see significant potential in electric two-wheelers, particularly for last-mile deliveries by e-commerce giants like Zomato, Swiggy, and Big Basket,” said Ayush Lohia, CEO of Lohia Auto Industries.  A part… Continue reading Lohia Auto expands market electric 2w market, targets e-commerce, bike taxis

Toyota restarts despatches of Innova Crysta, Fortuner, Hilux in India

Toyota Kirloskar Motor has announced that despatches of the Innova Crysta MPV, Fortuner SUV and Hilux pick-up have resumed in India. The Japanese brand’s statement said that Toyota has “re-confirmed that the diesel engines meet the stipulated Indian regulations.”  Despatches of the models were suspended on January 29, 2024, amid the discovery of irregularities during… Continue reading Toyota restarts despatches of Innova Crysta, Fortuner, Hilux in India