Autocar_Professional India Online News – Page 1544

Exclusive: Envision AESC likely to be global battery supplier for Tata Group

Envision AESC, the Japan-headquartered global battery cell supplier, is the lead contender amongst a multitude of potential partners, including LG Chem, CATL and FinDreams, that the Tata Group has explored as part of its ‘Project Apollo’ over the past year. Autocar Professional learns the new battery venture is likely to be steered by Tom Flack,… Continue reading Exclusive: Envision AESC likely to be global battery supplier for Tata Group

EV sales hit 100,000 units for 10th month in a row, cross 800,000 in January-July 2023

The charge of the Indian electric vehicle (EV) industry continues. Retail sales of EVs across the two-, three-, four-wheeler (car and SUV) segments along with goods- and passenger-carrying commercial vehicles in July 2023 have totalled 115,836 units in July 2023. This data is as per the government’s Vahan website as of 9pm on August 2,… Continue reading EV sales hit 100,000 units for 10th month in a row, cross 800,000 in January-July 2023

EV sales hit 100,000 units for 10th month in a row, cross 800,000 in January-July 2023

‘Confident of holding on to 80% market share despite new competition’: Siddhartha Lal

Despite new competition from Harley Davidson and Triumph, Royal Enfield promoter Siddhartha Lal – the MD of Eicher Motors is confident of holding on to 80% market share in the mid to long term in the fast gorwing mid-size motorcycle segment (250 to 750 cc). Speaking to the media in the Q1 earnings call, Lal,… Continue reading ‘Confident of holding on to 80% market share despite new competition’: Siddhartha Lal

‘Confident of holding on to 80% market share despite new competition’: Siddhartha Lal

Eicher Motors’ Q1 PAT up 50% at Rs 918 crore

Iconic bike Royal Enfield manufacturer Eicher Motors reported a 50.4% jump in its June quarter (Q1 FY24) profit of Rs 918 crore. The company posted Rs 610.66 crore in PAT in the corresponding quarter a year ago. Eicher Motors’ total revenue from operations for the quarter was recorded at Rs 3,986 crore, up 17.3% as… Continue reading Eicher Motors’ Q1 PAT up 50% at Rs 918 crore

Royal Enfield has built a fortress, won’t be easy for robbers to penetrate, says Siddhartha Lal

Siddhartha Lal, MD of Eicher Motors says Royal Enfield has built a fortress and it won’t be easy for robbers to penetrate it. This hesitant repartee came from Lal on queries from the media about Rajiv Bajaj’s comment on how the money lies in the mid-size segment for motorcycles. During the Triumph launch, Rajiv Bajaj, MD… Continue reading Royal Enfield has built a fortress, won’t be easy for robbers to penetrate, says Siddhartha Lal

ACMA’s Automotive Raw Materials Conclave and Exhibition stresses need for new-age sustainable materials

The Automotive Component Manufacturers Association of India (ACMA) in partnership with the Alloy Steel Producers Association (ASPA) organised the third edition of the Automotive Raw Materials Conclave and Exhibition. The event, which was held in New Delhi on August 3, was centered around the subject – ‘New Age Materials – Challenges & Opportunities’ – and… Continue reading ACMA’s Automotive Raw Materials Conclave and Exhibition stresses need for new-age sustainable materials

Odysse Electric Vehicles bags order for 10,000 units of its electric scooter from bud-e

Odysse Electric Vehicles, an electric vehicle manufacturer, has secured an order for 10,000 units of its electric scooter, from bud-e, an EV two-wheeler MaaS provider. The delivery will be completed in phases over the next two years. The partnership will bring significant benefits to bud-e, including scalability, and cost savings, the press release noted. Nemin… Continue reading Odysse Electric Vehicles bags order for 10,000 units of its electric scooter from bud-e