Montra Electric, the electric vehicle (EV) brand of the Chennai-based Murugappa Group, is gearing up for aggressive growth, targeting an investment of around Rs 500 crore in FY24–25 and aiming to capture a 15% share of the Indian EV market within the next four to five years. In an interview with Autocar Professional Managing Director Kalyan Kumar… Continue reading Montra Electric targets Rs 500 crore investment in FY24–25; aims to capture 15% of Indian market in four to five years
Category: US Motoring Press
Montra Electric targets Rs 500 crore investment in FY24–25; aims to capture 15% of Indian market in four to five years
Montra Electric, the electric vehicle (EV) brand of the Chennai-based Murugappa Group, is gearing up for aggressive growth, targeting an investment of around Rs 500 crore in FY24–25 and aiming to capture a 15% share of the Indian EV market within the next four to five years. In an interview with Autocar Professional Managing Director Kalyan Kumar… Continue reading Montra Electric targets Rs 500 crore investment in FY24–25; aims to capture 15% of Indian market in four to five years
Montra Electric targets Rs 500 crore investment in FY24–25; aims to capture 15% of Indian market in four to five years
Montra Electric, the electric vehicle (EV) brand of the Chennai-based Murugappa Group, is gearing up for aggressive growth, targeting an investment of around Rs 500 crore in FY24–25 and aiming to capture a 15% share of the Indian EV market within the next four to five years. In an interview with Autocar Professional Managing Director Kalyan Kumar… Continue reading Montra Electric targets Rs 500 crore investment in FY24–25; aims to capture 15% of Indian market in four to five years
Hero MotoCorp eyes 13 new models to ride on electrification wave
Hero MotoCorp, the world’s largest two-wheeler maker, has planned an ambitious electric vehicle roadmap with over a dozen model launches planned in the coming five years across segments and price points. Having ruled the roost in the mainstream mass-market segment for decades, Hero MotoCorp is making a significant shift in its strategy, eyeing the premium… Continue reading Hero MotoCorp eyes 13 new models to ride on electrification wave
Diesel to reign supreme for now, says Ashok Leyland CTO
While the rumble of diesel engines still dominates Indian roads, the future is a multi-track highway paved with electric, hydrogen and CNG options. This, warns President and CTO of Ashok Leyland, Dr N Saravanan, is throwing challenges in the works for legacy original equipment manufacturers (OEMs) like their firm. “The challenge for all OEMs is… Continue reading Diesel to reign supreme for now, says Ashok Leyland CTO
Diesel to reign supreme for now, says Ashok Leyland CTO
While the rumble of diesel engines still dominates Indian roads, the future is a multi-track highway paved with electric, hydrogen and CNG options. This, warns President and CTO of Ashok Leyland, Dr N Saravanan, is throwing challenges in the works for legacy original equipment manufacturers (OEMs) like their firm. “The challenge for all OEMs is… Continue reading Diesel to reign supreme for now, says Ashok Leyland CTO
Balkrishna Industries report Rs 309 crore net profit in Q3FY24, stocks fall by 6.7%
Balkrishna Industries, a leading player in the global off-highway tyre (OHT) market, reported a standalone net profit of Rs 309 crore during Q3FY24, a jump of 210% over Rs 100 crore clocked in Q3 FY23. The company’s revenues, on the other hand, were reported at Rs 2,316 crore in Q3 FY24 as against Rs 2215… Continue reading Balkrishna Industries report Rs 309 crore net profit in Q3FY24, stocks fall by 6.7%
Amara Raja’s first giga factory will be operational by the end of 2025: Vijayanand Samudrala
Amara Raja Energy & Mobility will have its first giga factory operational by the end of next year. Vijayanand Samudrala, President of the automotive battery maker announced this as he addressed a session at the India Battery Manufacturing and Supply Chain Summit 2024 (IBMSCS) in Hyderabad. “We will have three or four individual factory buildings, dealing… Continue reading Amara Raja’s first giga factory will be operational by the end of 2025: Vijayanand Samudrala
Bajaj Auto Vice Chairman, Madhur Bajaj, resigns due to health reasons; board proposes new appointments: Report
In light of health concerns, Madhur Bajaj, Vice Chairman of Bajaj Auto Ltd, has tendered his resignation, as disclosed in a regulatory filing. Effective January 24, 2024, the company officially acknowledged Madhur Bajaj’s departure from his role at the close of business hours on that date, as reported by PTI. In a statement, Madhur Bajaj… Continue reading Bajaj Auto Vice Chairman, Madhur Bajaj, resigns due to health reasons; board proposes new appointments: Report
New Chetak, bigger Pulsar, CNG 2W on cards for Bajaj Auto in the coming months
Riding on strong outperformance and market share gains, Bajaj Auto is stepping on the accelerator to bring out new products, on network expansion and on new technologies to push ahead. On the anvil are a series of new launches across segments right from Chetak, Pulsar 400 as well as a compressed natural gas-powered two-wheeler. The… Continue reading New Chetak, bigger Pulsar, CNG 2W on cards for Bajaj Auto in the coming months