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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

Shahkar Abidi     calendar25 Jan 2024

The capex will be used to fuel expansion across various verticals including setting up facilities for small commercial vehicles, bolstering R&D, prototyping capabilities, etc.

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Hero MotoCorp plans over a dozen EVs, to roll out Vida motorcycle range News
Hero MotoCorp plans over a dozen EVs, to roll out Vida motorcycle range

By Kiran Murali and Ketan Thakkar calendar25 Jan 2024

The automaker’s Vida range is likely to have 10 models, including scooters and motorcycles in the long term, while fou...

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New Chetak, bigger Pulsar, CNG 2W on cards for Bajaj Auto in the coming months  News
New Chetak, bigger Pulsar, CNG 2W on cards for Bajaj Auto in the coming months 

By Kiran Murali calendar25 Jan 2024

Bajaj Auto has been focusing on the 125cc plus segment in the motorcycle market to improve its market share and improv...

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Lohum to recycle end-of-life EV batteries for Tork Motors News National
Lohum to recycle end-of-life EV batteries for Tork Motors

autherAutocar Professional Bureau calendar25 Jan 2024

The multi-year agreement is for the collection and recycling of Tork’s flagship Kratos R electric motorcycles’ lithium...

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TVS iQube e-scooter turns four, sales cross 250,000 units, last 100,000 in 6 months Analysis Sales
TVS iQube e-scooter turns four, sales cross 250,000 units, last 100,000 in 6 months

By Ajit Dalvi calendar25 Jan 2024

Launched on January 25, 2020, demand for TVS Motor Co’s first electric scooter has seen rapid growth in the past year ...

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125cc segment to be larger than entry-level bikes in 3 years, says Bajaj Auto’s Rakesh Sharma News
125cc segment to be larger than entry-level bikes in 3 years, says Bajaj Auto’s Rakesh Sharma

By Kiran Murali  calendar25 Jan 2024

"I don’t expect it to disappear but gradually the 125cc plus segment could become larger," says Sharma.

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Bajaj Auto sees India 2W industry volume growing 8-10% YoY in FY24 News
Bajaj Auto sees India 2W industry volume growing 8-10% YoY in FY24

By Kiran Murali calendar24 Jan 2024

Positive Growth across all motorcycle segments, strong performance in 125cc and above categories.

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Volumes, realisation drive 37% YoY growth in Bajaj Auto’s Q3 net profit  News
Volumes, realisation drive 37% YoY growth in Bajaj Auto’s Q3 net profit 

By Kiran Murali calendar24 Jan 2024

Higher domestic volumes and a richer product mix helped the company improve its operating profit margin by 100 basis p...

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TVS Motor Company's net profit jumps 68% to Rs 593 crore in December quarter News
TVS Motor Company's net profit jumps 68% to Rs 593 crore in December quarter

autherAutocar Professional Bureau calendar24 Jan 2024

The company's operating revenue grew by 26% at Rs 8,245 crore for the quarter ended December 2023.

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Royal Enfield Bullet Military Silver variant priced at Rs 1.79 lakh News
Royal Enfield Bullet Military Silver variant priced at Rs 1.79 lakh

By Dinshaw Magol, Autocar India calendar24 Jan 2024

Gets silver pinstripes, not golden ones like on higher variants.

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POLL OF THE MONTH

Will Legacy Players Be Able to Squeeze Out Startups from India's Electric 2-Wheeler Market?

Will Legacy Players Be Able to Squeeze Out Startups from India's Electric 2-Wheeler Market?

Yes

 

91.67%

No

 

8.33%

Total Votes : 12