Today is January 25, 2024. Four years to the date, TVS Motor Co had launched the iQube, its first all-electric scooter. From launch through to end-December 2023, the TVS iQube has seen total wholesales of 252,676 units in the Indian market, in tandem with the rapid growth of the electric two-wheeler segment. In CY2023, electric… Continue reading TVS iQube e-scooter turns four, sales cross 250,000 units, last 100,000 in 6 months
Author: Autocar_Professional India Online News
125cc segment to be larger than entry-level bikes in 3 years, says Bajaj Auto’s Rakesh Sharma
The growth of entry-level motorcycles is likely to slow down in the future as Indian consumers are aspiring for features and performance. Bajaj Auto’s Executive Director Rakesh Sharma believes the share of motorcycles with engine capacity of 125cc and more in the domestic market is likely to outpace the share of entry-level motorcycles in the… Continue reading 125cc segment to be larger than entry-level bikes in 3 years, says Bajaj Auto’s Rakesh Sharma
125cc segment to be larger than entry-level bikes in 3 years, says Bajaj Auto’s Rakesh Sharma
The growth of entry-level motorcycles is likely to slow down in the future as Indian consumers are aspiring for features and performance. Bajaj Auto’s Executive Director Rakesh Sharma believes the share of motorcycles with engine capacity of 125cc and more in the domestic market is likely to outpace the share of entry-level motorcycles in the… Continue reading 125cc segment to be larger than entry-level bikes in 3 years, says Bajaj Auto’s Rakesh Sharma
Altair announces opening of Innovation Experience Centre with showcase of automotive digital twin capabilities
The centre, located in the Altair office in Pune, will provide prospects and customers with a hands-on experience of Altair’s technology solutions – from simulation and design to high-performance computing, data analytics, and AI. Software and cloud solutions company Altair will introduce its newly established Innovation Experience Centre and showcase its state-of-the-art AI-driven technology at… Continue reading Altair announces opening of Innovation Experience Centre with showcase of automotive digital twin capabilities
Bajaj Auto sees India 2W industry volume growing 8-10% YoY in FY24
Bajaj Auto Ltd expects domestic two-wheeler industry volume to grow 8-10% on a year-on-year basis during the current financial year with growth across all segments. The growth rate is likely to be higher in the premium segment, given the premiumisation trend. “We feel the industry should grow by 8-10% with the top half of the… Continue reading Bajaj Auto sees India 2W industry volume growing 8-10% YoY in FY24
Incentives for e-2W not needed beyond a couple of years: Ather Energy’s Swapnil Jain
Swapnil Jain, Co-founder and chief technology officer at Ather Energy is of the opinion that the two wheeler industry will not require incentives beyond a couple of years. “I don’t think beyond a couple of years we would need incentives,” Jain told Autocar Professional on the sidelines of the Symposium on International Automotive Technology (SIAT), an event… Continue reading Incentives for e-2W not needed beyond a couple of years: Ather Energy’s Swapnil Jain
Okaya EV installs high-capacity chargers for Ayodhya Water Metro Project
Okaya EV has successfully commissioned high-capacity EV chargers for the Ayodhya Water Metro Project, a move aimed at boosting sustainable and efficient transportation for religious tourism. Equipped with 150 kWh CCS2 Super-Fast EV chargers, these stations support the eco-friendly boats operating between Guptar Ghat and Naya Ghat. The water metro service, managed by Cochin Shipyard… Continue reading Okaya EV installs high-capacity chargers for Ayodhya Water Metro Project
Toyota Kirloskar Motor to showcase advanced green technologies at Bharat Mobility Global Expo 2024
Toyota Kirloskar Motor (TKM) is set to participate in the Bharat Mobility Global Expo 2024, showcasing its advanced green technology lineup. The pavilion will feature battery electric and strong hybrid electric vehicles, fuel-cell electric vehicles, electrified flexi fuel vehicles, and CNG vehicles. Vikram Gulati, Country Head and Executive Vice President, Toyota Kirloskar Motor, speaking on… Continue reading Toyota Kirloskar Motor to showcase advanced green technologies at Bharat Mobility Global Expo 2024
CEAT reports Rs 181.3 consolidated net profit in Q3FY24 on healthy volumes
CEAT Limited reported a consolidated net profit of Rs 181.3 crore during Q3 FY24 as against Rs 34.8 crore reported in Q3FY23, translating into a year-on-year jump of 420.2%. On the other hand, the company’s operating revenues on other had increased by 8.7% to Rs 2,963.1 crore in Q3 FY24 in comparison to Rs 2,727.2… Continue reading CEAT reports Rs 181.3 consolidated net profit in Q3FY24 on healthy volumes
Volumes, realisation drive 37% YoY growth in Bajaj Auto’s Q3 net profit
Bajaj Auto Ltd today reported a 37 percent year-on-year growth in its standalone net profit for the October-December quarter as higher sales volume on a low base and a richer product mix helped the company improve its margins during the period. Net profit, operating profit, and revenue from operations during the quarter were the highest… Continue reading Volumes, realisation drive 37% YoY growth in Bajaj Auto’s Q3 net profit