Electric two-wheelers are gaining popularity in India, with adoption rates more than doubling in the past two years, and are poised to grow even further. To win in the electric two-wheeler market, vehicles require deep customisation to cater to different consumer segments, and it is critical for OEMs to focus on those demands and develop… Continue reading E2Ws require customisation, OEMs must prioritise consumer demand: BCG
Category: US Motoring Press
TI Clean Mobility to raise Rs 580 crore via equity, Compulsorily Convertible Preference Shares
TI Clean Mobility Private Limited (“TICMPL”), a subsidiary of Tube Investments of India Limited, has signed definitive documents today, with South Asia Growth Invest III LLC and South Asia EBT Trust III (collectively GEF), to raise Rs 580 crore in the form of Equity and Compulsorily Convertible Preference Shares (“CCPS”). As announced earlier, TICMPL planned to… Continue reading TI Clean Mobility to raise Rs 580 crore via equity, Compulsorily Convertible Preference Shares
Ceat plans Rs 1,000 crore capex in FY25 for capacity expansion
Ceat has earmarked a capex of Rs 1,000 crore for capacity expansion in FY25, a top company official said. This will include Rs 750 crore as the growth capex and Rs 250 crore as the maintenance capex. Notably, the company has ended FY24 with a capex spent of Rs 860 crore. “Our expansion plans are… Continue reading Ceat plans Rs 1,000 crore capex in FY25 for capacity expansion
10 surprising things made by car companies, that aren’t cars
The Toyota Home website shows a wide range of options, with the most common Sincé series of dwellings essentially a series of modular pre-fabs built around a rigid steel-frame structure. But while around 10 million Toyota and Lexus vehicles were shipped globally in 2023, annual Toyota house sales typically number just a few thousand each… Continue reading 10 surprising things made by car companies, that aren’t cars
Lexus reports 63% growth rate in FY24
Lexus reported a growth rate of 63% in fiscal year 2023-24 as compared to the previous fiscal year 2022-23. Building on this momentum built in the last year, Lexus has continued its journey into 2024-25, achieving an impressive growth of 60% in April 2024 compared to the same period last year, the press release noted. NX350h… Continue reading Lexus reports 63% growth rate in FY24
Zen Mobility inaugurates manufacturing plant in Manesar for micro pods with 50,000- unit capacity
Zen Mobility inaugurated its manufacturing plant in Manesar. With a capacity of 50,000 units per year, the facility is dedicated to the production and assembling of the Zen Micro Pods, the company’s flagship electric vehicles tailored for urban commuters. Beyond manufacturing, the plant houses advanced research and development facilities for design engineering and product planning. … Continue reading Zen Mobility inaugurates manufacturing plant in Manesar for micro pods with 50,000- unit capacity
Bridgestone India launches new Dueler All-Terrain 002 tyres
Bridgestone India unveiled its latest innovation in tyre technology, the Dueler All-Terrain (A/T) 002, designed to provide enhanced grip and stability for both on-road and off-road driving experiences. The Dueler A/T002, part of Bridgestone’s Dueler range, boasts superior wet and dry grip, handling, and extended wear life, making it a premium choice for SUVs &… Continue reading Bridgestone India launches new Dueler All-Terrain 002 tyres
Toyota Innova Crysta GX+ priced at Rs 21.39 lakh
Toyota Kirloskar Motor has introduced a new GX+ variant for the Innova Crysta, launched at a base price of Rs 21.39 lakh. The newly introduced Innova Crysta GX+ grade is loaded with 14 additional features, the press release noted. The Innova Crysta GX+ is available in both seven- and eight-seat configurations, priced at Rs 21.39 lakh… Continue reading Toyota Innova Crysta GX+ priced at Rs 21.39 lakh
FADA, Frost & Sullivan partner for Customer Experience study
The Federation of Automobile Dealers Associations (FADA) has partnered with Frost & Sullivan to spearhead an ambitious Customer Experience Index Study. This project aims to meticulously analyse various aspects of the customer journey, encompassing sales, after-sales service and product quality across the passenger vehicle spectrum. In its maiden year, the comprehensive study will target the… Continue reading FADA, Frost & Sullivan partner for Customer Experience study
FADA, Frost & Sullivan partner for Customer Experience Index
The Federation of Automobile Dealers Associations (FADA) has partnered with Frost & Sullivan to spearhead an ambitious Customer Experience Index Study. This project aims to meticulously analyse various aspects of the customer journey, encompassing sales, after-sales service and product quality across the passenger vehicle spectrum. In its maiden year, the comprehensive study will target the… Continue reading FADA, Frost & Sullivan partner for Customer Experience Index