Steelbird Hi-Tech, a leading player in helmet manufacturing, reported revenues of Rs 687 crore during the calendar year 2023. The company shared that it had produced 80 lakh helmets in CY2023 and remains hopeful of reaching 10 million units in CY2024. In addition to the helmet sales, Steelbird Helmet sold 3,44,865 side boxes, contributing to… Continue reading Steelbird Hi-Tech reports Rs 687 crore revenue in CY2023
Category: US Motoring Press
JK Tyre Introduces Sikhsha Sarthi Scholarship Programme
JK Tyre has partnered with the Tata Institute of Social Sciences (TISS) and Protean Vidyadsaarthi to launch the ‘JK Tyre Shiksha Sarthi Scholarship Scheme’ exclusively for the daughters of heavy motor vehicle drivers from the states of Tamil Nadu and Karnataka. The newly launched scholarship program is tailored for various undergraduate courses, offering financial assistance… Continue reading JK Tyre Introduces Sikhsha Sarthi Scholarship Programme
Lectrix EV launches LXS 2.0 at Rs 79,999
Lectrix EV has launched the LXS 2.0 at Rs Rs 79,999. The e-scooter offers a range of 98kms on full charge and features a 2.3KW battery. Pre booking for the LXS 2.0 is now open with deliveries beginning from March 2024 onwards. K Vijaya Kumar, MD and CEO of SAR Electric Mobility said, “We understand… Continue reading Lectrix EV launches LXS 2.0 at Rs 79,999
Lectrix EV launches LXS 2.0 at Rs 79,999
Lectrix EV has launched the LXS 2.0 at Rs Rs 79,999. The e-scooter offers a range of 98kms on full charge and features a 2.3KW battery. Pre booking for the LXS 2.0 is now open with deliveries beginning from March 2024 onwards. K Vijaya Kumar, MD and CEO of SAR Electric Mobility said, “We understand… Continue reading Lectrix EV launches LXS 2.0 at Rs 79,999
BorgWarner partners with BYD firm FinDreams Battery for LFP battery packs
BorgWarner, an American automotive and e-mobility supplier, has tied up with FinDreams Battery, a subsidiary of BYD Company, for the localisation of LFP battery packs for commercial vehicles. BorgWarner will be the only non-OEM localised manufacturer, unaffiliated with FinDreams Battery, with rights to localise LFP battery packs for commercial vehicles, utilising FinDreams Battery blade cells in Europe, the… Continue reading BorgWarner partners with BYD firm FinDreams Battery for LFP battery packs
Ford begins work on affordable EV platform
Ford is readying an all-new EV platform aimed at the affordable end of the market that will rival the entry-level Tesla models and the ones made by several Chinese brands globally. In an earnings call, Ford CEO Jim Farley announced that a “skunkworks team”, which was unknown until now, has been working on the development… Continue reading Ford begins work on affordable EV platform
Lohia Auto expands market electric 2w market, targets e-commerce, bike taxis
Having established its presence in the e-3w market, Lohia Auto Industries is expanding into the e-two-wheeler space which will cater to commercial and personal mobility segments. “We see significant potential in electric two-wheelers, particularly for last-mile deliveries by e-commerce giants like Zomato, Swiggy, and Big Basket,” said Ayush Lohia, CEO of Lohia Auto Industries. A part… Continue reading Lohia Auto expands market electric 2w market, targets e-commerce, bike taxis
Toyota restarts despatches of Innova Crysta, Fortuner, Hilux in India
Toyota Kirloskar Motor has announced that despatches of the Innova Crysta MPV, Fortuner SUV and Hilux pick-up have resumed in India. The Japanese brand’s statement said that Toyota has “re-confirmed that the diesel engines meet the stipulated Indian regulations.” Despatches of the models were suspended on January 29, 2024, amid the discovery of irregularities during… Continue reading Toyota restarts despatches of Innova Crysta, Fortuner, Hilux in India
Toyota drops C SUV project for India
Close on the heels of announcing a new plant in Bidadi, Bengaluru, Toyota Kirloskar, the Indian subsidiary of the world’s largest carmaker Toyota Motor Corporation, has decided to drop the C SUV project scheduled for 2026. To create space for this new product, Toyota Kirloskar had decided to expand the capacity at the factory with… Continue reading Toyota drops C SUV project for India
Maruti Ertiga sales cross a million units in India, last 100,000 units sold in just 8 months
The Maruti Ertiga MPV has achieved sales of a million units (10 lakh) in the domestic market. Launched on April 16, 2012, Maruti Suzuki India’s first crack at the MPV segment has taken 143 months or 11 years and nine months to achieve this big number. As accurately predicted on June 26, 2023 by Autocar Professional, the Ertiga… Continue reading Maruti Ertiga sales cross a million units in India, last 100,000 units sold in just 8 months