Minda Corp. approaches CCI to acquire 24.5% stake in Pricol Minda Corporation, in a regulatory filing on Tuesday, said that its Board of Directors, in its meeting held on May 1, 2023, decided to file an application to CCI “for making an investment in equity shares of Pricol up to 24.5% of total equity shares… Continue reading Minda Corp. approaches CCI to acquire 24.5% stake in Pricol
Author: Autocar_Professional India Online News
Lohum and ACKO partner to Recycle and Reuse batteries covered under EV Extended Battery Warranty Insurance
Lohum and ACKO partner to Recycle and Reuse batteries covered under EV Extended Battery Warranty Insurance Lohum, sustainable energy transition materials producer, and ACKO, the tech-first insurer, have joined hands to recycle and reuse batteries, which will enable EV battery insurance in the country to include provisions for reusing and recycling of the batteries. Under the… Continue reading Lohum and ACKO partner to Recycle and Reuse batteries covered under EV Extended Battery Warranty Insurance
Maruti Suzuki aims to grow by 15-16% in FY24, eyes output of 2.28 million
Maruti Suzuki, the country’s largest carmaker is planning to grow at more than double the market growth in FY24, led by incremental sales coming from the new range of SUVs. According to several people in the know, the company is planning to increase its output by 15-16% to 2.278 million in the current financial year,… Continue reading Maruti Suzuki aims to grow by 15-16% in FY24, eyes output of 2.28 million
Ola clocks in sales of over 30,000 units in April; wrests 40% market share
Electric vehicles company Ola Electric has wrested 40% of the EV scooter market, as it announced its sales figures for the month of April, 2023. Riding on its highest-ever monthly sales in April, selling over 30,000 units, Ola also secured the number one position on the sales for 8th consecutive month, as per the press… Continue reading Ola clocks in sales of over 30,000 units in April; wrests 40% market share
Ashok Leyland total sales up 10% to 12,974 units in April
The growth was on the back of healthy fleet availability, led by demand from construction-led activities, auto carriers, white goods, and FMCG products. Hinduja Group flagship company Ashok Leyland on Tuesday reported a 10 percent increase in total sales to 12,974 units in April 2023, as compared to 11,847 units in the same month last… Continue reading Ashok Leyland total sales up 10% to 12,974 units in April
Joy E-bike evolves Distribution Channel to boost EV Sales, Deep Bharat Connect
Wardwizard Innovations & Mobility, the two-wheeler electric vehicle manufacturer that operates under the brand name Joy e-bike, has restructured its distribution-dealer model and established 150 ‘Distributor Showrooms’ at the district level. The aim is to cement its relationships with Taluka-level Dealers. These showrooms will ensure efficient supply chain management for the distributors and dealers, and… Continue reading Joy E-bike evolves Distribution Channel to boost EV Sales, Deep Bharat Connect
Mahindra tractor sales down 11% in April at 36,405 units
Mahindra & Mahindra on Tuesday reported an 11 percent decline in total tractor sales at 36,405 units in April. The company sold 40,939 units in the same month last year, M&M said in a statement. Domestic tractor sales were at 35,398 units last month, as against 39,405 in July last year, a dip of 10 percent,… Continue reading Mahindra tractor sales down 11% in April at 36,405 units
DICV launches State of the Art ‘BharatBenz Simulated Driver Trainer’
Daimler India Commercial Vehicles (DICV), the wholly owned subsidiary of Daimler Truck and the manufacturer of BharatBenz, has launched its state-of-the-art ‘BharatBenz Simulated Driver Trainer’. The Simulated Driver Trainer is a combination of a computerised and digital experience for any BharatBenz driver who trains on it. The set up consists of a multi-screen display positioned upfront in the… Continue reading DICV launches State of the Art ‘BharatBenz Simulated Driver Trainer’
EV Financing platform Ohm Mobility raises Rs 3 crore in pre-seed funding led by Antler India
EV Financing platform Ohm Mobility raises Rs 3 crore in pre-seed funding led by Antler India Ohm Mobility, a Bengaluru-based end-to-end EV financing platform, has raised Rs 3 crore in pre-seed funding led by Antler India. The round also saw participation from Blume Founders Fund and other angels like Sagar Gubbi (Ecoforge), Anshuman Bapna (Terra.do),… Continue reading EV Financing platform Ohm Mobility raises Rs 3 crore in pre-seed funding led by Antler India
Zypp Electric deploys 2,000 electric scooters in Bengaluru; aims to deploy 8,000 more in next 2 months
Zypp Electric deploys 2,000 electric scooters in Bengaluru; aims to deploy 8,000 more in next 2 months Zypp Electric, which recently secured USD 25m in Series B funding, aims to integrate 5000+ more riders with its service in the coming 2 months and add 8,000 additional electric scooters to its fleet in Bengaluru. Zypp Electric,… Continue reading Zypp Electric deploys 2,000 electric scooters in Bengaluru; aims to deploy 8,000 more in next 2 months