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Toyota Kirloskar Motor Unveils the All-New Vellfire in India

3Aug

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Toyota Kirloskar Motor Unveils the All-New Vellfire in India

Bangalore, 3rd Aug 2023.Toyota Kirloskar Motor (TKM) today launched the highly anticipated All-New Vellfire, a luxurious self-charging strong hybrid electric masterpiece that redefines the essence of comfort, sophistication, and performance in the Indian automotive landscape. The All-New Vellfire offers excellent comfort and refined mobility, commanding force and dynamic prowess that elevates the driving experience to extraordinary heights. Crafted with seamlessly intuitive technology and thoughtful amenities, the vehicle embodiesconvenience and opulence into every journey.While the All-New Vellfire delivers a powerful performance, it also ensures low fuel consumption and carbon footprints. Vellfire being a strong hybrid electric vehicle (SHEV), studies have shown that SHEVs can ru...

HERO MOTOCORP ANNOUNCES NEW PRICES OF HARLEY-DAVIDSON X440

2Aug

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Automobile News, Business News, Feature

HERO MOTOCORP ANNOUNCES NEW PRICES OF HARLEY-DAVIDSON X440

New Delhi, August 02, 2023Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today announced the new pricing of the Harley-Davidson X440.The Harley-Davidson X440 will now start from INR 2,39,500 onwards (Ex-showroom, Delhi). This price increase of INR 10,500 will apply to all the variants.Harley-Davidson X440 will be available at current introductory price of INR 2,29,000, till 3rd August 2023. Customers can book their motorcycle online, by visiting www.harley-davidsonX440.com with a booking amount of INR 5000/-.Mr. Niranjan Gupta, Chief Executive Officer (CEO), Hero MotoCorp, said,“Since the time of its launch, Harley-Davidson X440 has created a significant excitement in the industry. We had launched this at an i...

Tata Motors registered total sales of 80,633 units in July 2023

2Aug

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Automobile News, Business News

Tata Motors registered total sales of 80,633 units in July 2023

New Delhi, August 2023.Tata Motors Limited sales in the domestic & international market for July 2023 stood at 80,633 vehicles, compared to 81,790 units during July 2022.Domestic Sales Performance:CategoryJuly 2023 July 2022% change(Y-o-Y)Total Domestic Sales78,84478,9780%Commercial Vehicles:CategoryJuly 2023 July 2022Growth(Y-o-Y)HCV Trucks8502747314%ILMCV Trucks48995524-11%Passenger Carriers4292345424%SCV cargo and pickup1352315022-10%CV Domestic3121631473-1%CV IB17282681-36%Total CV3294434154-4%Domestic sale of MH&ICV in July 2023, including trucks and buses, stood at 13,291 units, compared to 12,012 units in July 2022.Total sales for MH&ICV Domestic & International Business in July 2023, including trucks and buses, stood at 13,830 u...

Honda Cars India begins production of its mid-size SUV Honda Elevate

1Aug

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Automobile News

Honda Cars India begins production of its mid-size SUV Honda Elevate

New Delhi, August 2023.Honda Cars India Ltd. (HCIL), a leading manufacturer of premium cars in India, started the production of its new mid-size SUV, Honda Elevate. The production roll-out of the car at the company’s state-of-the-art manufacturing facility in Tapukara, Rajasthan marked India as the first country to produce this global SUV. Reaffirming Honda’s commitment to making in India, the Elevate has a localization of more than 90%.The launch of the all-new Honda Elevate is scheduled in September 2023 along with start of deliveries. The company has already commenced the pre-launch bookings of the Elevate. Speaking on the occasion, Mr Takuya Tsumura, President & CEO, Honda Cars India Ltd. said “Today is a significant milestone in our SUV end...

BMW Motorrad India announces fourth edition of the Indian National Qualifier for International GS Trophy 2024

1Aug

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Automobile News, Sports News

BMW Motorrad India announces fourth edition of the Indian National Qualifier for International GS Trophy 2024

Gurugram, August 01, 2023.The BMW Motorrad International GS Trophy 2022 Indian Regional Qualifier rounds will be held in Bengaluru (1st Oct), Mumbai (15th Oct) and Delhi (5th Nov). The winners of the qualification rounds will fight for the place in 'Team India' at the National Finals. All male and female BMW GS Motorcycle owners in India are eligible to compete in the Indian National Qualifier. The details of the National finals will be announced later.Participants are required to perform multiple tasks such as off-road rides and technical tests on their own BMW GS motorcycles. The winners will be based on flawless execution and highest scores across all tasks. The National finals will further test the regional winners mettle on BMW R 1250 GS provided by BMW Motorrad India.The ...

Maruti net profit surges over 2-fold to Rs 2,525 cr in Q1 on robust sales, improved realisation

31Jul

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Automobile News, Business News

Maruti net profit surges over 2-fold to Rs 2,525 cr in Q1 on robust sales, improved realisation

Jaipur, July 31, 2023.Maruti Suzuki India (MSI) on Monday said its consolidated net profit surged over two-fold to Rs 2,525 crore for the first quarter ended on June 30, 2023, riding on the back of robust sales, improved realisation, cost reduction efforts and higher non-operating income.The country's largest carmaker reported a net profit of Rs 1,036 crore in the same period of 2022-23.Total revenue from operations increased to Rs 32,338 crore in the April-June quarter from Rs 26,512 crore in the year-ago period, according to an exchange filing by the company.

HERO MOTOCORP RECEIVES AN OVER WHELMING RESPONSE FOR HARLEY-DAVIDSON X440

28Jul

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Automobile News, Business News, Feature, National News

HERO MOTOCORP RECEIVES AN OVER WHELMING RESPONSE FOR HARLEY-DAVIDSON X440

New Delhi, July 28, 2023Harley-Davidson X440, the first co-developed premium motorcycle of Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters and iconic American motorcycle-maker Harley-Davidson has received highly positive response in customer bookings, since its launch on July 3rd, 2023.The company will close the online booking window on August 3rd 2023, as the test rides at national scale for the pre-booked customers will begin from September 1st 2023 onwards. Hero MotoCorp will start the production of the Harley-Davidson X440 in September at the company’s Garden Factory at Neemrana, in the northern Indian state of Rajasthan, and commence customer deliveries from October 2023. Deliveries to customers will be made on a prioritised basis as per booking dat...

Bengaluru’s public transportation to add a new dimension; BMTC to induct advanced electric buses

28Jul

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Automobile News, Feature

Bengaluru’s public transportation to add a new dimension; BMTC to induct advanced electric buses

Bengaluru, July, 2023.The citizens of Bengaluru will now have smarter, safer and a greener public transportation. A prototype of the Tata Motors’ smart electric bus was flagged off today, by Shri Ramalinga Reddy, Hon’ble Minister of Transport, Government of Karnataka, Dr. N. V. Prasad, IAS, Secretary to Government, Transport Department and Ms. G Sathyavathi, IAS, Managing Director, Bengaluru Metropolitan Transport Corporation (BMTC) along with delegates from Government of Karnataka, BMTC and Tata Motors. As part of the larger order signed between TML Smart City Mobility Solutions Ltd., a fully owned subsidiary of Tata Motors, and BMTC, the company will supply, operate and maintain 921 units of state-of-the-art 12-metre low-floor electric buses for a period 12 y...

Tata Motors Q1 Results: Auto major posts Rs 3,203 cr profit on JLR push; revenue jumps 42%

25Jul

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Automobile News, Business News, Feature

Tata Motors Q1 Results: Auto major posts Rs 3,203 cr profit on JLR push; revenue jumps 42%

New Delhi, July 25, 2023.Tata Motors Ltd. (TML) announced its results for quarter ending June 30, 2023. Consolidated(₹ Cr Ind AS)Jaguar Land Rover(£m, IFRS)Tata Commercial Vehicles(₹Cr, Ind AS)Tata Passenger Vehicles(₹ Cr, Ind AS)FY24Vs. PYFY24Vs. PYFY24Vs. PYFY24Vs. PYQ1 FY24Revenue102,23642.1 %6,90357.0 %16,9914.4% 12,83911.1% EBITDA (%)14.4700 bps16.3960 bps9.4390 bps5.3(80) bpsEBIT (%)8.1880 bps8.61,300 bps6.5 370 bps1.010 bpsPBT (bei)5,330₹10,292 crs435£959m937₹635 crs186₹172 crsTata Motors Consolidated:TML continued its strong performance in Q1 FY24 with Revenues at ₹102.2K Cr (up 42% yoy), EBITDA at ₹14.7K Cr (up 177% yoy) and EBIT of ₹8.3KCr (higher by ₹8.8KCr), all showing a sharp improvement driven by JLR and CV bu...

JLR India achieves highest ever Q1 sales with 102% YoY growth

24Jul

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Automobile News, Business News, Feature

JLR India achieves highest ever Q1 sales with 102% YoY growth

Mumbai, 24th July 2023.JLR India today reported its best ever Q1 sales performance with a growth of 102%, retailing a total of 1048 units, in the first quarter of FY24 compared to the same period last year. This performance was enabled bya phenomenal growth of 209% in Range Rover, Range Rover Sport and Defender sales. The three models continue to see sustained demand, contributing 78% of the current order book.Mr. Rajan Amba, Managing Director, JLR India, said, “JLR India has delivered record sales in Q1 FY24 with our volumes doubling as compared to that in Q1 FY23. This performance is testament to the exceptional equity of the JLR brands and our class-leading collection of modern luxury vehicles. Backed by the growing demand among our discerning clients, our order book remains str...

Tata Motors inaugurates state-of-the-art registered vehicle scrapping facility in Bhubaneswar

24Jul

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Automobile News, Business News, Feature

Tata Motors inaugurates state-of-the-art registered vehicle scrapping facility in Bhubaneswar

Bhubaneswar, July, 2023.Tata Motors, India’s leading automobile manufacturer, continues its commitment to sustainable mobility with the launch of its second Registered Vehicle Scrapping Facility (RVSF) in Bhubaneswar, Odisha. Named ‘Re.Wi.Re - Recycle with Respect’, this advanced facility was inaugurated by Smt Tukuni Sahu, Hon'ble Minister of Water Resources, Commerce & Transport, Government of Odisha. The event was graced by delegates from the Odisha Government and Tata Motors. The state-of-the-art facility uses environmentally friendly processes and has the capacity to disassemble 10,000 end-of-life vehicles safely and sustainably each year. The RVSF is developed and operated by Tata Motors’ partner Empreo Premium to scrap end-of-life passenger and commercial vehicles of all bra...