Customers have started to move towards larger/more powerful vehicles across all segments: ACMA Automechanika New Delhi

Customers have started to move towards larger/more powerful vehicles across all segments: ACMA Automechanika New Delhi Private and commercial vehicle production in 2022 increased by nearly 20 percent and roughly 30 percent respectively, on increased demand and fewer supply chain disruptions as compared to FY21. That’s the word coming in from the Auto Components Industry… Continue reading Customers have started to move towards larger/more powerful vehicles across all segments: ACMA Automechanika New Delhi

Customers have started to move towards larger/more powerful vehicles across all segments: ACMA Automechanika New Delhi

Customers have started to move towards larger/more powerful vehicles across all segments: ACMA Automechanika New Delhi Private and commercial vehicle production in 2022 increased by nearly 20 percent and roughly 30 percent respectively, on increased demand and fewer supply chain disruptions as compared to FY21. That’s the word coming in from the Auto Components Industry… Continue reading Customers have started to move towards larger/more powerful vehicles across all segments: ACMA Automechanika New Delhi

Customers have started to move towards larger/more powerful vehicles across all segments: ACMA Automechanika New Delhi

Customers have started to move towards larger/more powerful vehicles across all segments: ACMA Automechanika New Delhi Private and commercial vehicle production in 2022 increased by nearly 20 percent and roughly 30 percent respectively, on increased demand and fewer supply chain disruptions as compared to FY21. That’s the word coming in from the Auto Components Industry… Continue reading Customers have started to move towards larger/more powerful vehicles across all segments: ACMA Automechanika New Delhi

VE Commercial Vehicles total sales up 35% in March at 11,906 units

VE Commercial Vehicles, a Volvo Group and Eicher Motors joint venture, recorded a 35.2 percent increase in total sales at 11,906 units in March 2023 as compared to 8,803 units in the same month year ago.  This includes 11,677 units of Eicher brand and 229 units of Volvo brand, the company said in a release. … Continue reading VE Commercial Vehicles total sales up 35% in March at 11,906 units

Mahindra Tractor domestic sales jump 20% at 33,622 units in March

Mahindra & Mahindra’s Farm Equipment Sector, part of the Mahindra Group, announced 20 percent increase in domestic sales in March 2023 at 33,622 units, as against 28,112 units during the same month last year. Total tractor sales (Domestic + Exports) during March 2023 were at 35,014 units, as against 29,763 units for the same period… Continue reading Mahindra Tractor domestic sales jump 20% at 33,622 units in March

Lithium-ion battery recycling firm Metastable Materials secures funding led by Sequoia India’s Surge, Speciale Invest and Theia Ventures

Lithium-ion battery recycling firm Metastable Materials secures funding led by Sequoia India’s Surge, Speciale Invest and Theia Ventures Bengaluru-based recycling firm Metastable Materials, which specialises in lithium-ion batteries, has secured seed funding led by Sequoia India’s Surge, Speciale Invest and Theia Ventures, and other angel investors. The angel investors are Akshay Singhal, Co-founder and CEO… Continue reading Lithium-ion battery recycling firm Metastable Materials secures funding led by Sequoia India’s Surge, Speciale Invest and Theia Ventures

Yulu partners with Zomato to scale usage of electric vehicles

Yulu, the electric Mobility-as-a-Service player, has partnered with Zomato for using Yulu DeX EV for intra-city deliveries. About 25,000 – 35,000 Yulu DeX will be given to delivery partners onboarded on Zomato’s platform for last-mile deliveries on custom-made rental plans. Rising fuel prices and financial challenges are significant barriers for youth who want to onboard… Continue reading Yulu partners with Zomato to scale usage of electric vehicles

Statiq wins HPCL tender to supply over 500 EV chargers across 12 states

Statiq will install over 500 chargers for HPCL at the latter’s outlets spread across the states of Andhra Pradesh, Assam, Chhattisgarh, Gujarat, Himachal Pradesh, Kerala, Madhya Pradesh, Maharashtra, Orissa, Rajasthan, Tamil Nadu and West Bengal. Statiq, a public electric vehicle charging station network provider, has been awarded a tender by HPCL, to install more than… Continue reading Statiq wins HPCL tender to supply over 500 EV chargers across 12 states

Ducati eyes India as a manufacturing hub in future

Ducati prices have steadily been on the rise. How have customers taken to this?Marco Biondi (MB): Our returns have reduced, but that’s mostly been down to price increases in the supply chain and logistical challenges. Customers are accepting our prices really well, and the dealers are pointing this out. Price increases are not something super positive,… Continue reading Ducati eyes India as a manufacturing hub in future

Hero Electric attains 1 lakh unit sales milestone for the second year in the row for FY23

Hero Electric attains 1 lakh unit sales milestone for the second year in the row for FY23 India’s largest electric two-wheeler manufacturer, has crossed the 1 lakh unit sales mark for the second consecutive financial year, on the back of its varied and revamped product portfolio.  Hero Electric has introduced a focused range of five… Continue reading Hero Electric attains 1 lakh unit sales milestone for the second year in the row for FY23