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
Category: US Motoring Press
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
Renault India launches enhanced range of Kiger at Rs 7.99 lakh
French automotive brand Renault India has launched an enhanced range of Kiger, offering KIGER RXT (O) MT variant at Rs 7.99 lakh. It comes with features like 8” touchscreen with wireless connectivity, LED Head lamps, Alloy Wheels & High Center Console, and a whole gamut of features offering an enhanced driving experience. The company has also launched best ever offers… Continue reading Renault India launches enhanced range of Kiger at Rs 7.99 lakh
Mahindra & Mahindra sells 34,694 SUVs in April to record 57% growth
Mahindra & Mahindra has reported wholesales of 34,694 SUVs, which marks solid 57% year-on-year growth (April 2022: 22,168 units). Compared to March 2023 sales of 35,997, April 2023 numbers are down 3.61% month on month. The company also sold four sedans/vans last month, down 99% on April 2022’s 358 units. M&M’s performance comes despite disruptions… Continue reading Mahindra & Mahindra sells 34,694 SUVs in April to record 57% growth
Inside the industry: Electric cars lead European industry comeback
The European figures for the first quarter of 2023, telling the stories or part-stories that will set the tone or provide the challenges for the rest of the year. What’s significant? Underlining the easing of the chip supply crisis, car registrations are up 17.9% year on year. That compares to the UK market’s rise of… Continue reading Inside the industry: Electric cars lead European industry comeback