Founded in 2015 by renowned auto veteran Freeman Shen, WM Motor was seen to be among rising Chinese EV startups Nio , Li Auto and XPeng. Its backers included Chinese tech giant Baidu and Shanghai’s state-owned asset regulator. Chinese electric vehicle startup WM Motor said it has filed for a pre-restructuring process, marking the demise… Continue reading Chinese EV startup WM Motor files for pre-restructuring
Category: Automotive
Tamil Nadu EV sales likely to reach 1.5 mn units by 2030
Launched by OMI Foundation, along with Union power minister RK Singh and representatives of the Centre, the state government, Niti Aayog, World Bank and others, the dashboard (evreadyindia.org) estimates that Tamil Nadu will see over 47.35% compounded annual growth rate (CAGR) between calendar year (CY) 2022 and CY 2030 to reach 14.88 lakh EV sales.… Continue reading Tamil Nadu EV sales likely to reach 1.5 mn units by 2030
Exclusive: Skoda Auto board visits India to define next phase of expansion
Underscoring the importance of India as a critical hub, the entire board of management of Skoda Auto visited India in the last fortnight to define the future game plan for the country. Autocar Professional learns this is the second visit by the entire board in less than 12-14 months to deliberate the potentially bigger role… Continue reading Exclusive: Skoda Auto board visits India to define next phase of expansion
With 11.61 million units dispatched in H1, India Auto Inc well set for a strong FY2024
The India auto wholesales growth story just got 6% bigger. As per apex industry body, the Society of Indian Automobile Manufacturers (SIAM), India Auto Inc dispatched a total of 1,16,14,781 units across the passenger vehicle, two- and three-wheeler and commercial vehicle segments in the first six months of FY2024. This constitutes a 6% year-on-year increase… Continue reading With 11.61 million units dispatched in H1, India Auto Inc well set for a strong FY2024
Ceat Q2FY24 PAT rises multi-fold at Rs 208 crore
Tyremaker Ceat has reported an over 25-fold jump in its consolidated profit after tax (PAT) in July-October quarter results for fiscal 2023–24 (Q2FY24) at Rs 208 crore, compared to Rs 8 crore in the corresponding period last year. On a consolidated basis, the company’s revenue closed at Rs 3,053 crore, up 5.5% in Q2FY24, as… Continue reading Ceat Q2FY24 PAT rises multi-fold at Rs 208 crore
ReadyAssist, Lectrix EV join hands to provide 24/7 roadside assistance for e2Ws
ReadyAssist has partnered with Lectrix EV to offer round-the-clock emergency roadside assistance support to Lectrix EV 2-Wheeler customers, including both the extensive dealer network and valued fleet partners. ReadyAssist will provide after-sales support, addressing the unique needs of all Lectrix customers. ReadyAssist’s proprietary technology platform ensures a seamless and real-time interface on their app, simplifying… Continue reading ReadyAssist, Lectrix EV join hands to provide 24/7 roadside assistance for e2Ws
ReadyAssist, Lectrix EV join hands to provide 24/7 roadside assistance for e2Ws
ReadyAssist has partnered with Lectrix EV to offer round-the-clock emergency roadside assistance support to Lectrix EV 2-Wheeler customers, including both the extensive dealer network and valued fleet partners. ReadyAssist will provide after-sales support, addressing the unique needs of all Lectrix customers. ReadyAssist’s proprietary technology platform ensures a seamless and real-time interface on their app, simplifying… Continue reading ReadyAssist, Lectrix EV join hands to provide 24/7 roadside assistance for e2Ws
ReadyAssist, Lectrix EV join hands to provide 24/7 roadside assistance for e2Ws
ReadyAssist has partnered with Lectrix EV to offer round-the-clock emergency roadside assistance support to Lectrix EV 2-Wheeler customers, including both the extensive dealer network and valued fleet partners. ReadyAssist will provide after-sales support, addressing the unique needs of all Lectrix customers. ReadyAssist’s proprietary technology platform ensures a seamless and real-time interface on their app, simplifying… Continue reading ReadyAssist, Lectrix EV join hands to provide 24/7 roadside assistance for e2Ws
ReadyAssist, Lectrix EV join hands to provide 24/7 roadside assistance for e2Ws
ReadyAssist has partnered with Lectrix EV to offer round-the-clock emergency roadside assistance support to Lectrix EV 2-Wheeler customers, including both the extensive dealer network and valued fleet partners. ReadyAssist will provide after-sales support, addressing the unique needs of all Lectrix customers. ReadyAssist’s proprietary technology platform ensures a seamless and real-time interface on their app, simplifying… Continue reading ReadyAssist, Lectrix EV join hands to provide 24/7 roadside assistance for e2Ws
Mahindra Truck and Bus inaugurates 78th dealership in Ayodhya
After year-on-year growth of over 50% in business volume in FY23, Mahindra’s Truck and Bus Division (MTBD) today inaugurated Sunrise Truck and Bus, its new, state-of-the-art dealership in Ayodhya, Uttar Pradesh. Jalaj Gupta, Business Head – Commercial Vehicles, Mahindra & Mahindra Ltd. said, “The ongoing growth of the Indian CV market provides an opportunity for… Continue reading Mahindra Truck and Bus inaugurates 78th dealership in Ayodhya