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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.
Gayam Motor Works (GMW), a pioneer in the Indian electric mobility space, has announced a $50 million investment commitment from Luxembourg-based GEM Global Yield LLC SCS (GEM) as the company plans to go public.
Furthermore, the company plans to set up a new 100-acre EV ancillary cluster in Gujarat to manufacture components and the focus will be on consolidating operations and maximising output from the Gujarat facilities for now.
The company claims that its electric scooters offer “best-in-class comfort and superior performance.” The company explained it received approval for its electric scooters from the International Centre for Automotive Technology (ICAT) in late 2019. But due to the global pandemic, the launch might get delayed.
Now, the battery-swapping electric scooter leader is adding another pin to the map: Nepal. Gogoro’s e-scooters are most famous for their battery-swapping architecture, with the company’s iconic green and black battery modules serving as the basis for hundreds of thousands of battery swaps each day.
ASK Automotive Ltd – AISIN Group Companies Joint Venture New Delhi: ASK Automotive Limited, India’s largest manufacturer of Brake Shoes and Advanced Braking Systems for Two-Wheelers, announced a Landmark Joint Venture Agreement with AISIN Group Companies, comprising AISIN Asia (Thailand) Co.
Solidifying its leadership position of 23 consecutive years, Hero MotoCorp, globally the largest manufacturer of scooters and motorcycles closed the financial year 2023-24 (April 1, 2023-March 31, 2024) with sales of 56,21,455 units of motorcycles and scooters, registering growth of 10% in the fourth quarter (Jan-Mar’24) of the fiscal year.
TVS Motor Company is fast upping the ante on its global footprint with both its IC engine two-wheelers and also electric vehicles. 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. Two lithium-ion battery packs of 3.4
In the next 3 years, the company is planning to expand its charging network to million chargers in 500 cities across India to encourage and power millions of two and three-wheeler EVs. Since 2019, its launch Revos has been deployed in 10,000 devices (EVs + chargers) in 30 OEMs across India, China, Vietnam, Nepal and Egypt. million or
The company will sell the Elevate under the ‘WR-V’ nameplate. 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. It comes mated to a 6-speed manual gearbox or a CVT automatic transmission.
million or 32 lakh) of WagonR in the country and also exported it under the Suzuki moniker to several foreign markets like Bangladesh, Bhutan and Nepal, among others. Aspersions are often raised on the crash worthiness of the WagonR – the model scored a one-star rating in Global NCAP crash tests. Why is Maruti WagonR popular?
Ampere Magnus Ampere Vehicles is a decade-plus electric two-wheeler company focused primarily on affordable entry-level electric scooters. But in recent years, the company has expanded its presence to more than 200 cities in India. Okinawa Ridge Plus Okinawa Autotech is an Indian company that manufactures electric scooters.
The company would go on to sell 880,000 units of this first-generation model. The third-generation WagonR, based on the company’s HEARTECT platform, was launched in 2019 with a firm focus on safety. The most-recent Global NCAP crash tests on the model assigned it a one-star rating (out of five).
The company intends to establish a foothold in major EV markets throughout the world. The company will first introduce one of its models ‘Doodle’ followed by the launch of a premium and ultra-premium range of e-bikes in the next six months. Europe: The Hot Bed For EVs. Always Backed By Data. Emotorad’s Latest Models.
The Tenth Vibrant Gujarat Global Summit 2024 kicked off in Gandhinagar today. Over 50 Global CEOs including senior officials from the semiconductor, aerospace, and defence sectors, have confirmed their participation in the summit. The company will invest approximately Rs 13,000 crore (USD 1.6
India is now the biggest tractor industry globally. The value proposition lies in the enhanced capabilities of these higher horsepower tractors, making them a preferred choice for both companies and customers. Can you please help us understand what the perception of Made-in-India tractors in global markets is? percent decline.
Many of want to get an electric scooter that has operations all over India, companies that invest in RnD, companies that offer performance scooters. We mailed the company but no one responded to our questions. Regarding localization, we again did not get any information on localization from the company.
This comes after a fairly long period of dampened economic conditions in some of the key global markets which saw rough macroeconomic conditions, country-specific local currency depreciation, availability of foreign exchange and also regulatory issues. Let’s take a closer look at the top exporting companies. The longstanding No.
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