Omega Seiki Mobility (OSM), part of the Anglian Omega Group has unveiled its first electric Small Commercial Vehicle (SCV) christened ‘M1KA’. On September 3, Autocar Professional had broken the news on the company’s plans to launch an e-SCV with 250km range. The company says it will start accepting bookings of the vehicle from Quarter 4… Continue reading Omega Seiki Mobility showcases electric SCV M1KA with 250km range
Author: Autocar_Professional India Online News
Mahindra Finance targets millennials, corporates with new Quiklyz leasing, subscription business
Quiklyz vehicle leasing and subscription business model calls for a monthly fee to access passenger vehicles of choice across brands, at a lower price point versus regular car ownership. Mahindra & Mahindra Financial Services Limited (MMFSL/Mahindra Finance), part of the Mahindra Group, has entered the leasing and subscription business. The new vertical would operate under… Continue reading Mahindra Finance targets millennials, corporates with new Quiklyz leasing, subscription business
Kotak Group strengthens vehicle loan biz, acquires VW Finance’s loan portfolio in India
In what indicates changing market dynamics in India, Kotak Mahindra Group has acquired the vehicle financing loan portfolio of Volkswagen Finance Pvt Ltd (VWFPL), the Indian captive financing arm of the Volkswagen Group. While Kotak Mahindra Prime (Kotak Prime) will acquire the passenger cars and two-wheelers portfolio, Kotak Mahindra Bank Ltd (KMBL) will acquire the… Continue reading Kotak Group strengthens vehicle loan biz, acquires VW Finance’s loan portfolio in India
Citroen C3 unveiled, to be introduced in India in 2022
French carmaker, Citroen, has unveiled its latest offering for India and emerging markets, the Citroen C3. A mass-market, sub-four-metre hatchback with crossover styling, it is built on Citroen’s common modular platform CMP. The Citroen C3 will be introduced in the country in the first half of next year and be locally produced at the company’s plant… Continue reading Citroen C3 unveiled, to be introduced in India in 2022
TVS acquires Swiss e-bike maker EGO Movement
L-R: Sir Ralf Speth, Sudarshan Venu, Daniel Meyer and Ms. Marie TVS Motor Co has acquired a majority stake in European e-bike brand, EGO Movement, thereby marking its foray into the personal e-mobility business. The all-cash deal was conducted through its Singapore Subsidiary TVS Motor (Singapore) and is in line with TVS’ strategy to expand… Continue reading TVS acquires Swiss e-bike maker EGO Movement
Ford fallout: new buyers queue up for discounted models, others feel let down
The bad news is that Ford will stop producing cars in India. The good news is that this has galvanised new customers into queuing up at its dealerships. In Chennai, which is home to Ford’s factory, dealers have been seeing a surge in footfalls over the last few days — more precisely, since the time… Continue reading Ford fallout: new buyers queue up for discounted models, others feel let down
Hyundai, Kia to develop solar energy storage system using recycled EV batteries
OCI Solar Power, one of the largest utility-scale solar energy developers in Texas, CPS Energy, USA’s largest municipally-owned, fully-integrated electric and natural gas utility, and the Hyundai Motor Group, which includes Hyundai and Kia, have signed an MoU to test recycled electric vehicle (EV) batteries for solar energy storage. By September 2022, the parties plan… Continue reading Hyundai, Kia to develop solar energy storage system using recycled EV batteries
Mahindra packs learnings from Formula E into its road cars
Dilbagh Gill: “Traditionally, Mahindra has worked on low-voltage EVs between 32 and 48 volts, but when we talk about Formula E, we are talking about 800V-1,000V.” Mahindra & Mahindra (M&M), which is the sole Indian automobile manufacturer to be participating in the all-electric global racing format – Formula E – since its inception in 2014… Continue reading Mahindra packs learnings from Formula E into its road cars
Tata cranks up EV drive
Anand Kulkarni does not buy the argument that electric vehicles are only for a select few in India.“When we began to look at the key markets for the Nexon EV prior to its launch, mature cities like Mumbai, Delhi, Bengaluru and Hyderabad figured on top but surprisingly, the demand has come from Tier 2 cities… Continue reading Tata cranks up EV drive
Ampere Electric eyes new frontiers with MLR Auto
Any conversation with Nagesh Basavanhalli will see three words — last-mile mobility — come up quite constantly. The MD and Group CEO of Greaves Cotton is clearly passionate about the subject, which explains why the company is literally going the extra mile (no pun intended) in this space. It also puts in context Basavanhalli’s vision… Continue reading Ampere Electric eyes new frontiers with MLR Auto