Tag: Automaker

  • GT Force launches two new e-scooters in India

    GT Force launches two new e-scooters in India

    Electric two-wheeler manufacturer GT Force has announced the launch of its highly anticipated electric two-wheeler models GT Soul and GT One. As an electric two-wheeler manufacturing company, GT Force was established with the primary goal of revolutionizing and transforming the adoption of electric mobility in India. Speaking on the launch, Mukesh Taneja, Co-Founder & CEO […]

  • EVeium launches three electric scooters in India

    EVeium launches three electric scooters in India

    Bengaluru-based EV two-wheeler manufacturer, EVeium on Wednesday launched its three new electric scooters ‘Cosmo’, ‘Comet’ and CZAR in the Indian market. The brand has launched these e-scooters under the high-speed category with the price ranging from Rs 1.44 lakh to Rs 2.16 lakh. Speaking on the launch, Muzammil Riyaz, Partner & Promoter of Evieum, said, […]

  • Jaguar Land Rover to launch electric SUV I-PACE on March 9 in India

    Jaguar Land Rover to launch electric SUV I-PACE on March 9 in India

    Automaker Jaguar Land Rover India (JLR) has announced to launch its electric SUV I-PACE in India on March 9, 2021. Speaking on the development, Rohit Suri, Managing Director and President of JLR India said, “After the fabulous response to the digital launch of Land Rover Defender, we are excited about curating yet another digital experience […]

  • Force Motors to raise Rs 500 crore through NCDs

    Force Motors to raise Rs 500 crore through NCDs

    Automobile company Force Motors on Tuesday said, “Its board has approved to raise to Rs 500 crore through issuance of non-convertible debentures (NCDs).” In a filing with the stock exchange, Force Motors said, “The board of directors in its meeting held on 11 January, approved issuance of non-convertible debentures (NCDs) of up to Rs 500 […]

  • TVS Motors records 17.5% sales rise in December

    TVS Motors records 17.5% sales rise in December

    Automaker giant, TVS Motors has recorded a 17.5 percent increase in its total sales to 2,72,084 units in December 2020. TVS in its statement said, “The company sold 2,72,084 units in December 2020, as compared to 2,31,571 units that sold in the same month in 2019.” The domestic two-wheeler sales increased by 13 percent, and […]

  • Bajaj Auto becomes first global two wheeler company to reach Rs 1 trillion market cap

    Bajaj Auto becomes first global two wheeler company to reach Rs 1 trillion market cap

    India based leading automaker, Bajaj Auto has become the first two-wheeler company globally to cross Rs 1 lakh crore market capitalization. The company in its statement said, “This market valuation is considerably higher than all other domestic two-wheeler companies.” “As per analysts, a market capitalization of over Rs 1-lakh crore has not been achieved before […]

  • Audi India to hike prices across models by 2 percent

    Audi India to hike prices across models by 2 percent

    Automaker Audi India on Tuesday announced to increase prices across its entire model by 2 percent. Audi India in its statement said, “The company has revised the prices by up to 2 percent across its entire model range owing to weakening of rupee and rising input cost.” Speaking on the development, Mr. Balbir Singh Dhillon, […]

  • Hyundai Venue marks one lakh sale

    Hyundai Venue marks one lakh sale

    Automaker giant Hyundai Motor India Ltd (HMIL) said, “Its compact SUV Venue has crossed one lakh sales mark since the launch.” In a statement issued, Hyundai said, “Since the launch last year, the company has sold 97,400 units of SUV Venue in the domestic market and 7,400 units in the international market.” “It is the […]

  • Hyundai Motor to get price hike from January

    India’s largest automaker Hyundai Motor India has announced that, “It will increase the prices of its entire product range from next month.” In a statement, the company said, “The increase in the price may vary for different models and fuel types.” “The increase in price has been-constrained on account of the increase in input and […]

  • Union Minister Nitin Gadkari calls carmakers to focus on alternative fuel vehicles

    Union Minister Nitin Gadkari calls carmakers to focus on alternative fuel vehicles

    Terming huge crude oil import a “big economic challenge” for the country, Union Minister Nitin Gadkari on Wednesday urged automakers to focus on alternative fuel vehicles as well and ensured Government‘s support in the venture. Gadkari also stressed the need for diversifying agriculture towards power and energy to meet the goal of bio-fuel generation. “I […]