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“Aslov Auto’s continuing journey of expanding their brand to more places with the same passion and vision they had at the beginning” Bhopal-based automobile company Aslov Auto is expanding its wings to Nepal. The company was founded by an Indian Navy veteran and an ex-Reva engineer.
Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, in collaboration with its authorised distributor CG Motors, has announced its business expansion plans in Nepal. CG Motors is set to rapidly expand the sales and service network across Nepal to meet the increasing demand from customers.
After announcing plans for expanding into the Nepalese market earlier this year , Gogoro is back with updated details for the October launch of commercial operations. The battery-swapping giant that boasts hundreds of thousands of daily battery swaps across Asia is gearing up to see Nepal join its ranks soon for commercial operations.
Gogoro has been on a roll lately, showing off a steady stream of new scooter models and simultaneously expanding its markets into new countries. Now, the battery-swapping electric scooter leader is adding another pin to the map: Nepal. Both are key features for the Nepalmarket. “We
Many automakers have already rased their dealership in many cities such as Revolt Motors and Bajaj Auto had recently opened their bookings in various cities and continuously many electric vehicles are launching such as Tata Motors has launched its Nexon EV in Nepal recently.
AA-T) and AISIN Automotive Haryana Private Limited (AHL), to market and sell the auto components in independent aftermarket for passenger car products. This Venture will capitalize on ASK and AISIN Brands, providing a diverse portfolio to cater to evolving market demands.”
The company will commence the assembly of its high- and low-speed electric two-wheelers at the new facility, with an initial annual target of more than 20,000 units to cater to the growing demand in the Eastern and Northern regions of India, as well as the export market in Nepal.
TVS Motor Company (TVS) has today expanded its iQube range of electric scooters in one of its key markets – Delhi-NCR. The company is also foraying into international markets with its all-electric range, and it has already begun selling the iQube in Nepal, Sri Lanka, and France, while Italy is next in line.
It expects a double-digit revenue growth in FY’25 led by a gain in the 125cc segment with the launch of Xtreme 125R, a ramp-up of premium motorcycle portfolio and EV market share gain on the back of new launches. In March 2024, the company sold 490,415 units of motorcycles and scooters.
Having launched retail operations and eight products including the iQube and X EVs earlier this month in Italy , the Chennai-based auto major has launched its iQube electric scooter in Sri Lanka. The iQube, which has sold over 300,000 units (including 189,896 units in FY2024) since launch in January 2020, is also sold in Nepal.
Honda Elevate is the only SUV from the Japanese auto giant in India. The Elevate hit the Indian roads in September 2023 as the first SUV from the Japanese auto giant after the WRV was discontinued. Honda sells the Elevate SUV both in India and markets abroad. Honda Cars had launched the Elevate SUV in India in September 2023.
Honda Cars India has launched the Elevate in Japan which is their home market. In the Indian market, the Elevate is being sold only with a 1.5-litre, The Elevate made its global debut with India as the first market to launch the model in September last year and the brand has sold over 30,000 units in the past 6 months.
TVS Motor Co has wrapped up CY2023 on a high note with its best-ever annual sales in the domestic market as well as record EV sales. 2 EV OEM and a 19% market share in the fast-growing Indian e-two-wheeler market. 2 rank (after Ola Electric) and a 19% market share in the fast-growing Indian e-two-wheeler market.
TVS Motor Co has wrapped up CY2023 on a high note with its best-ever annual sales in the domestic market as well as record EV sales. 2 EV OEM and a 19% market share in the fast-growing Indian e-two-wheeler market. 2 rank (after Ola Electric) and a 19% market share in the fast-growing Indian e-two-wheeler market.
This would mean that, similar to the market scenario on June 1, 2023, electric two-wheeler prices will rise as most OEMs would typically pass on the load to the consumer. Interestingly, other than Bajaj Auto, the other three have their EV manufacturing plants in Tamil Nadu. Under EMPS which has a total outlay of Rs 333.39
According to industry estimates, the state’s automotive sector is now valued at USD 3 billion, with Gujarat exporting automobiles and auto components with over eight lakh vehicles exported in the fiscal year 2020-21. This will lead to 1.7 times more production and 2.7 times more exports this year.
After record-breaking sales in the previous financial year, tractor sales are on a slow lane in India – the world’s biggest market for tractors. However, the market has dampened this year. percent in the domestic market. Can you please help us understand what the perception of Made-in-India tractors in global markets is?
While domestic market wholesales are posting strong double-digit growth on the back of a much-awaited rural India recovery, export demand for made-in-India two-wheelers is finally beginning to see the green shoots of recovery. Exports comprised 22% of its combined domestic market and export sales of 40,44,824 or 4 million units in FY2024.
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