JK Tyre & Industries Limited has raised Rs 500 crore by way of a Qualified Institutional Placement (QIP). The QIP funds will be used for growth capex and strengthening the balance sheet. The Qualified Institutional Placement was priced at Rs 345 per share, (including a premium of Rs 343 per share, with a face value… Continue reading JK Tyre raises Rs 500 crore via Qualified Institutional Placement
Author: Autocar_Professional India Online News
Toyota Kirloskar Motor registers best-ever annual sales in CY2023: 221,356 units
Toyota Kirloskar Motor (TKM) has reported domestic market sales of 221,356 units, up 38% YoY (CY2022: 160,364 units). This is the car and SUV manufacturer’s best-ever annual sales performance. The company’s strong performance has been helped by the enhanced production capacity through three-shift operations, which has enabled TKM to meet sustained market demand for its passenger… Continue reading Toyota Kirloskar Motor registers best-ever annual sales in CY2023: 221,356 units
MG Motor India sells 56,902 units in CY2023, EVs account for 25 percent sales
MG Motor India has announced its retail sales figure for calendar year 2023: 56,902 units. This constitutes an 18% year-on-year increase (CY2022: 48,064 units) and marks the fourth consecutive year of growth for the company. The company, which retails the Astor, Gloster, Hector 5-seater, Hector Plus SUVs and two EVs – the ZS EV and… Continue reading MG Motor India sells 56,902 units in CY2023, EVs account for 25 percent sales
The Leasing Solution: Battery leasing could solve problem of increased EV costs after subsidy withdrawal
Makers of electric scooters are now coming up with newer ways of helping customers finance their vehicles. Some OEMs are now selling electric scooters to buyers with the batteries leased separately. As per this system, individuals have the option to pay the upfront cost of the vehicle, while the battery cost can be distributed and… Continue reading The Leasing Solution: Battery leasing could solve problem of increased EV costs after subsidy withdrawal
The Leasing Solution: Battery leasing could solve problem of increased EV costs after subsidy withdrawal
Makers of electric scooters are now coming up with newer ways of helping customers finance their vehicles. Some OEMs are now selling electric scooters to buyers with the batteries leased separately. As per this system, individuals have the option to pay the upfront cost of the vehicle, while the battery cost can be distributed and… Continue reading The Leasing Solution: Battery leasing could solve problem of increased EV costs after subsidy withdrawal
EV share of auto sales in India grows to over 6% percent in CY2023
The Indian automobile industry, which consists of two- and three-wheelers, passenger vehicles (cars, utility vehicles and vans), and commercial vehicles, has had a good outing in CY2023. As per Vahan retail sales data on December 31, 2023 (10pm), India Auto Inc registered total sales of 2,39,15,336 units, up 11% on CY2022’s 2,15,70,424 units but this… Continue reading EV share of auto sales in India grows to over 6% percent in CY2023
EV share of auto sales in India grows to over 6% percent in CY2023
The Indian automobile industry, which consists of two- and three-wheelers, passenger vehicles (cars, utility vehicles and vans), and commercial vehicles, has had a good outing in CY2023. As per Vahan retail sales data on December 31, 2023 (10pm), India Auto Inc registered total sales of 2,39,15,336 units, up 11% on CY2022’s 2,15,70,424 units but this… Continue reading EV share of auto sales in India grows to over 6% percent in CY2023
Record-breaking year for electric two-wheeler sales, Ola-TVS-Ather command 62% market share
If India’s electric vehicle (EV) industry has been able to surpass annual sales of over 1.5 million units for the first time in a calendar year in 2023, it is thanks to the big volumes provided by the most affordable sub-segment – electric two-wheelers. Of the total 15,26,433 EVs sold across all segments in India… Continue reading Record-breaking year for electric two-wheeler sales, Ola-TVS-Ather command 62% market share
Record-breaking year for electric two-wheeler sales, Ola-TVS-Ather command 62% market share
If India’s electric vehicle (EV) industry has been able to surpass annual sales of over 1.5 million units for the first time in a calendar year in 2023, it is thanks to the big volumes provided by the most affordable sub-segment – electric two-wheelers. Of the total 15,26,433 EVs sold across all segments in India… Continue reading Record-breaking year for electric two-wheeler sales, Ola-TVS-Ather command 62% market share
Electric 3-wheeler sales clock 66% growth in CY2023 to over 581,000 units
In tandem with record sales of the electric two-wheeler industry of over 850,000 units, the Indian electric three-wheeler industry surpassed the half-a-million sales milestone for the first time in CY2023. At 581,696 units sold (as per Vahan data at 7.30pm on December 31, 2023), this sub-segment of India EV Inc recorded handsome 66% year-on-year growth… Continue reading Electric 3-wheeler sales clock 66% growth in CY2023 to over 581,000 units