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Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years. The Government of Nepal, Finance Minister Yuba Raj Khatiwada announced the budget for the fiscal year 2021-22 which allocated a total of 1.64 trillion NPR ($14 billion) for the energy sector in Nepal. The government has set the growth of 6.5
“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.
is expanding its footprint across Asia with strategic investments from lubricant maker Castrol; upcoming launches in Kathmandu, Nepal, and Singapore; and market growth in the Philippines. Sustainable transportation leader Gogoro Inc.
It is also demonstrating a smaller 60 hp (45 kW) application, developed targeted at the growing unmanned aerial vehicle (UAV) market. The marketing rights of the joint venture company will extend to all South Asian Association for Regional Cooperation (SAARC) countries: India, Sri Lanka, Nepal, Bhutan, Maldives, Bangladesh and Pakistan.
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.
It differs from other technologies on the market such as weight sensors, that can be prone to false alerts and mis-detects, cameras limited by blind spots or other radar systems with a limited range of passenger detection. magnitude earthquake struck Nepal in 2015.
According to the CEO and MD of Stellantis India, Aditya Jairaj, the company aims to become the first multinational OEM to export EVs from the company. Aditya shared that the company has plans to export EVs to other markets, including Nepal and Bhutan. Tesla isn’t the only company with eyes and ears in India.
Greta Electric Scooters a Gujarat based electric scooter has entered the EV electric two-wheeler market. The company claims that its electric scooters offer “best-in-class comfort and superior performance.” The company is also offering a choice between a drum and disc brake options.
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
Prevail Electric Mobility, an affiliate of French lubricants firm FRVelion, would build up an additional production plant in India for electric two-wheelers to fulfill demand in the nation as well as cater to the Nepal and Sri Lankan markets according to a top business official. . Plans Expansion Before Launching. Conclusion.
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.
While we are talking about the company’s electric scooters and their extended warranty. Shrimal Marketing. Ratna Marketing. Pure EV high-speed electric scooters are EPluto 7G and ETrance Neo and two low-speed models are EPluto and ETrance. Let us now look at the extended warranty for both models in detail. Hyderabad.
TVS Motor Company (TVS) has today expanded its iQube range of electric scooters in one of its key markets – Delhi-NCR. The company, which has clocked sales of over 15,000 units in the national capital region since the launch of the iQube in CY2020, has introduced three new variants in its all-electric portfolio.
The company also registered 16% growth in its global business sales during the fiscal year. In March 2024, the company sold 490,415 units of motorcycles and scooters. The Company also expanded the presence of its emerging mobility brand VIDA, Powered by Hero, to over 100 cities in the country.
Bounce Infinity, an electric scooter and removable battery company, has raised $20 million from existing investors, including Sequoia. Co-founder and CEO of the company, Vivekananda Hallekere, confirmed that the Bangalore-based company has completed its first tranche. Hallekere said it was not in talks to sell the company.
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
Honda Cars India has launched the Elevate in Japan which is their home market. The company will sell the Elevate under the ‘WR-V’ nameplate. In the Indian market, the Elevate is being sold only with a 1.5-litre, The All-New Honda Elevate has been very well appreciated in the Indian market becoming our key pillar of business.
This vehicle already had many pre-registrations before it hit the market. Ampere Magnus Ampere Vehicles is a decade-plus electric two-wheeler company focused primarily on affordable entry-level electric scooters. Initially, we focused mainly on small markets in South India. The maximum speed allowed is 55 km/h.
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.
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. Over the past 25 years, Maruti Suzuki has sold over three million units (3.2 Why is Maruti WagonR popular? But its spacious cabin, reliability and frugal 1.1-litre
Also Read : Five alternatives to WagonR in today’s market Why is Maruti WagonR popular? The company would go on to sell 880,000 units of this first-generation model. After a decade of success, Maruti Suzuki introduced the second-generation WagonR in the market. What are the challenges for Maruti WagonR?
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. Now let us have a sneak peek at EMotorad’s plans.
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. A close look at the company-wise data table below will reveal that 22 of the Top 25 OEMs have registered their best-ever monthly sales in March 2024.
billion with 58 companies as part of the ongoing Vibrant Gujarat Summit. Toshihiro Suzuki, President of Suzuki Motor Corp, who was present at the Vibrant Gujarat Summit, said that the Indian automotive market has been expanding steadily to become the third largest automobile market. This will lead to 1.7 lakh to one million.
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?
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.
On the dealer front, Pure now has 84 operational outlets, including one in Nepal. Pure is not too keen about Multi brand showrooms because the company believes that it is not good for brand building. We have seen companies like Exide which have set up a separate eco system for batteries in the ICE market.
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. Let’s take a closer look at the top exporting companies. 2 in the domestic market is No. 3 in exports.
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