Sector: Two Wheelers
Triumph’s Speed 400 and Scrambler 400 X unveiled, India-launch on July 5
Britain’s iconic motorcycle manufacturer, Triumph, has unveiled the first two Made-in-India, Triumph Speed 400 and Scrambler 400 X bikes. These bikes have been developed in a collaboration between the British Triumph and India’s Bajaj Auto. The bikes will be built at Bajaj’s Chakan facility in Maharashtra. The two bikes, Speed 400 and Scrambler 400X, appear … Read more
Hero MotoCorp needs to recover market share in 125cc bike segment: CFO
Hero MotoCorp on Wednesday said that the firm needs to recover its market share in the 125-cc engine motorcycle segment as it sees an opportunity in building a premium portfolio. Hero MotoCorp’s sales in the 111cc-126 cc motorcycle segment increased by 5.65 per cent year-on-year to 452,274 units in April-December of FY23, according to data … Read more
Impressed with their recent launch, Eicher makes an exploratory investment in an European EV start-up
Eicher is taking a strategic stake in Stark Future SL, investing € 50 mn (apprx Rs 450 cr) in lieu of a 10.35% equity stake. Stark is a European electric motorcycle manufacturer, incorporated in Barcelona Spain, in July 2020 with specific focus in the area of performance electric motorcycles. It has recently launched the motocross … Read more
Hero finally launches VIDA Electric Scooter
After consistent delays over the last few months, Hero has kept up with the festival period launch of it’s much awaited VIDA Electric Scooter. The model is called VIDA V1 and is being offered in two variants – V1 Pro and V1 Plus. Top speed is 80 kmph, running range is indicated at 143 and … Read more
Hero delays EV launch again. Actual reason might be different from official.
Hero Motocorp Ltd (HML) at 34% market share is the largest two wheeler manufacturer in India. Given the increasing interest in Electric Vehicles (EV) globally, market has been keenly awaiting the launch by HML. The Company has also made it’s intentions clear –Â beside in the process of launching it’s own EV, it has also … Read more
Cost of EVs to be at par with petrol-run vehicles in 2 years: Nitin Gadkari
Road transport minister Nitin Gadkari on Tuesday said rapid strides in technology and green fuel will reduce the cost of electric automobiles, bringing them at par with petrol-run vehicles in the next two years. Replying in the Lok Sabha on the demands for grants for road transport and highways ministry, 2022-23, Gadkari emphasised the need … Read more
Hamara Bajaj: Business icon who always spoke his mind dies at 83
Rahul Bajaj, chairman emeritus of Bajaj Auto, who died in Pune on Saturday of cardiac and respiratory ailments at the age of 83, wasn’t known to mince words, or give up without a fight. In 1970-71, when licences and production capacities were tightly controlled by the government, he vigorously argued his company’s case for producing … Read more
Ola Electric raises $200 mn in funding at a valuation of $5 billion
Ola Electric on Monday said it has raised over USD 200 million (about Rs 1,490.5 crore) from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others, valuing the electric vehicle maker at USD 5 billion. In September last year, Ola Electric had announced raising a similar amount in funding from Falcon Edge, Softbank and others … Read more