Today is when Bajaj Auto will take the covers off India’s and the world’s first CNG motorcycle – the Freedom 125 – clearly shining the spotlight on compressed natural gas as an alternative fuel for motoring. Demand for CNG-fuelled vehicles across the passenger vehicle, three-wheeler, goods carriers and buses in India continues to be on… Continue reading CNG vehicle sales soar 33% in first-half 2024 to 550,000 units, cars and SUVs lead the charge
Tag: Suzuki
Suzuki Motor Corp launches $41m social impact fund for India
Japanese automaker Suzuki Motor Corporation on Thursday launched a $41-million (Rs 340 crore) social impact fund to invest in Indian startups focused on agriculture, financial inclusion, rural supply chain, and rural mobility. Called Next Bharat Ventures, the fund will offer a four-month residency programme for early-stage entrepreneurs. The flagship programme, which is now accepting applications,… Continue reading Suzuki Motor Corp launches $41m social impact fund for India
Next Bharat Ventures launches Rs 340 crore fund for social impact startup ecosystem
Next Bharat Ventures IFSC Private Limited– a subsidiary of Suzuki Motor Corporation announced the launch of a Rs 340 Crore fund, that aims to act as a growth catalyst for the social impact startup ecosystem in India. Next Bharat is a social impact investment fund dedicated to fostering impact entrepreneurs who are creating value for… Continue reading Next Bharat Ventures launches Rs 340 crore fund for social impact startup ecosystem
Suzuki launches INR 340 cr investment vehicle Next Bharat Ventures for Indian startups
It will also act as a fund-of-funds (FoF), investing as an LP in other smaller funds. Japanese automotive major Suzuki has launched a venture investing arm — Next Bharat Ventures — with a corpus of INR 340 crore to back early-stage startups. The vehicle will be set up as a subsidiary of Suzuki, which is… Continue reading Suzuki launches INR 340 cr investment vehicle Next Bharat Ventures for Indian startups
Maruti Suzuki commences operation of biogas plant at Manesar factory
The pilot plant, which generates biogas from Napier grass cultivated at the Manesar plant site and also food waste from the plant canteen, is expected to produce 0.2 tonnes of biogas per day, resulting in reduction of about 190 tonnes of CO2 annually. Maruti Suzuki India, which has installed a pilot plant for biogas generation and… Continue reading Maruti Suzuki commences operation of biogas plant at Manesar factory
Maruti Suzuki commences operation of biogas plant at Manesar factory
The pilot plant, which generates biogas from Napier grass cultivated at the Manesar plant site and also food waste from the plant canteen, is expected to produce 0.2 tonnes of biogas per day, resulting in reduction of about 190 tonnes of CO2 annually. Maruti Suzuki India, which has installed a pilot plant for biogas generation and… Continue reading Maruti Suzuki commences operation of biogas plant at Manesar factory
Automakers take lead in FY24 salary hikes with double-digit raises
As per Deloitte, the average salary hike in the auto sector this year is 10.4%. The increments for top performers in the sector are higher than 2023. New Delhi: Automakers have taken the lead in salary increases among all sectors in India, handing out double-digit hikes to their employees for fiscal 2024 amid a robust… Continue reading Automakers take lead in FY24 salary hikes with double-digit raises
Suzuki Motorcycle India sales grow 9% YoY in June
Suzuki Motorcycle India sold 71,086 units in the domestic market, up 13% on year. However, its exports declined to 17,678 units from 17,201 units. Suzuki Motorcycle India reported 9% growth in its wholesales during June on a year-on-year basis with robust momentum in the domestic market. The automaker sold a total of 88,287 two-wheelers during… Continue reading Suzuki Motorcycle India sales grow 9% YoY in June
Tata Motors PV sales up 7% at 293,114 units, EVs rise 5% to 37,219 units in H1 2024
Tata Motors, which had registered record passenger vehicle sales in FY2024 and CY2023, has released its wholesales numbers for June 2024 as well as the first quarter of FY2025. What’s apparent is that growth is slowing down for the company. Despite being in growth zone in the first six months of 2024 with dispatches of… Continue reading Tata Motors PV sales up 7% at 293,114 units, EVs rise 5% to 37,219 units in H1 2024
MSIL gets 21,000 bookings for Dream Series models launched in June, extends scheme to July
Maruti Suzuki India (MSIL), which has been struggling with dwindling sales of its entry-level models, with the ubiquitous Alto and S-Presso, registering a notable 33.15 percent decline in June, itself, has extended the limited-edition run on these models. The company, which introduced the discounted versions of the Alto, S-Presso, and Celerio under the ‘Dream Series’ editions… Continue reading MSIL gets 21,000 bookings for Dream Series models launched in June, extends scheme to July