Author: Autocar_Professional India Online News

Omega Seiki, Log9 target India’s e-commerce market with 95km range e-three-wheeler

EV manufacturer Omega Seiki Mobility and the Bengaluru-headquartered advanced battery-tech and deep-tech start-up Log9 Materials today unveiled a jointly-developed, upgraded, longer-range version of Rage+ electric three-wheeler named ‘Rage+ RapidEV Pro’, which comes equipped with Log9’s 7.7 KWh battery, the RapidX 8000. The Rage+ RapidEV Pro, powered by a new 7.7kWH Log9 battery, is available in… Continue reading Omega Seiki, Log9 target India’s e-commerce market with 95km range e-three-wheeler

Volkswagen’s global sales down 23% in H1 amid chip woes

Volkswagen Passenger Cars has reported strong financial numbers for the January to June 2022 period. Effective sale management, improved cost efficiency and consistent implementation of the ACCELERATE strategy have led to a strong financial result. Operating result before special items rose to 1.9 billion euros (H1 2021: 1.2 billion euros). The operating return on sales… Continue reading Volkswagen’s global sales down 23% in H1 amid chip woes

Tata Motors ties up with Axis Bank to finance EV dealers

Shailesh Chandra (L) and Sumit Bali(R) at the signing of the MoU. Tata Motors has teamed up with Axis Bank to provide an exclusive electric vehicle dealer financing solution to its authorized passenger EV dealers. As part of this scheme, dealers can obtain inventory financing above and beyond their ICE finance limit at attractive rates based on… Continue reading Tata Motors ties up with Axis Bank to finance EV dealers

Ceat launches tyres for four-wheeler EVs

Ceat has launched a range of tyres specifically designed for four-wheeler EVs. Normally, EVs operate as silent vehicles with high torque, making the tyre noise more evident. It’s  new ‘EnergyDrive’ tyres, the company claims has what it describes as CALM (CEAT Acoustic Lowering Material) technology created using  patented sound absorbing material which reduces noise by filtration… Continue reading Ceat launches tyres for four-wheeler EVs

Apollo targets dollar 5 billion in revenue by FY26

Apollo Tyres, India’s second largest tyre manufacturer, has worked on a roadmap to reach $ 5 billion revenue by FY26 without compromising on return on capital employed (ROCE) which it expects to be in range of 12-15 percent, earnings before interests taxes, depreciation & amortization (EBITDA) of around 15 percent and net debt- to- EBITDA ratio to be less than… Continue reading Apollo targets dollar 5 billion in revenue by FY26

Quantron posts strong growth in first-half CY2022

Quantron, a system provider of sustainable battery-electric and hydrogen-electric e-mobility for commercial vehicles such as trucks, buses and vans, has reported strong growth in the first half of CY2022. The company says, despite the current challenges in the supply chain sector, it was able to increase sales in January-June this year by more than 360 %… Continue reading Quantron posts strong growth in first-half CY2022

Honda 2Wheelers India begins exports to Australia, NZ

A shipment carrying around 250 units of the SP125, which is  manufactured at HMSI’s Tapukara Plant in Alwar, Rajasthan, has been despatched earlier this month.c Honda Motorcycle & Scooter India (HMSI) has commenced exports of its 125cc motorcycle SP125 to Australia and New Zealand. The motorcycle is exported via the CBU route and will be… Continue reading Honda 2Wheelers India begins exports to Australia, NZ

Maruti’s net profits up 2x in Q1  

Maruti Suzuki India’s  FY23 results have thrown up some interesting numbers. A total of 2,80,000 pending order book due to chip shortage, the highest ever export tally of 69,437 units, and a two-fold jump in consolidated net profit to ₹1,036 crore marked India’s leading passenger car maker’s performance for Q1 of FY23 The waiting period… Continue reading Maruti’s net profits up 2x in Q1  

Ather Energy clocks speedy growth in Maharashtra, opens new showroom in Mumbai

Smart electric scooter maker Ather Energy today inaugurated its newest retail outlet in Malad, Mumbai. The OEM says it is witnessing strong demand from Maharashtra, and has seen a seven-fold growth in numbers over the past year. Ather, however, has not provided details of the total sales in the state. The new Ather Space experience… Continue reading Ather Energy clocks speedy growth in Maharashtra, opens new showroom in Mumbai