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The iQube, priced at LKR 10,99,760 (Rs 304,933), is available for test rides and bookings at TVS Lanka dealerships in Colombo, Gampaha, Kalutara, Galle and Jaffna; buyers can make a downpayment of LKR 110,000 (Rs 30,500) and monthly instalments starting from LKR 27,000 (Rs 7,486). The TVS iQube, which develops peak power of 4.6
Axial Vector will enter into a patent license agreement to the JV on its technology, and will receive a five-year royalty payment in addition to its JV ownership starting with 5% of product sales value. Founded in 1888, Kirloskar Group today is a multi-product, multi-location engineering conglomerate with annual sales exceeding US$1.0
As part of the JV, Leclanché will provide access to its expertise and intellectual property for lithium-ion cells, modules and battery management systems; Exide Industries will leverage its extensive sales network and brand. The JV’s production plant will be based in Gujarat. Leclanché SA is the perfect partner for us in India.
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.
Bajaj Auto has open over four-fold build up in gross sales of its Chetak electrical scooter to 36,260 devices in FY23 as in comparison to the former fiscal when the e-scooter clocked 8,187 devices, the corporate famous in its annual document for 2022-23. s feet in gross sales in Q1 FY24 over the similar quarter latter fiscal.
Bounce Infinity, an electric scooter and removable battery company, has raised $20 million from existing investors, including Sequoia. They said the deal would provide the startup with a significant cash runway while discussing an external round or strategic sale. However, it denied consideration of direct sales.
The shipments mark a step towards establishing Hero Motors as the largest fully integrated e-bike company in Europe. . The company expects to grow its figures and it aims to become a new leader in the European market. It believes that sales of e-bikes are expected to reach around 15 million units in Europe by 2030.
The company would go on to sell 880,000 units of this first-generation model. Sales were bolstered further still. The third-generation WagonR, based on the company’s HEARTECT platform, was launched in 2019 with a firm focus on safety. Factory-fitted CNG kit added fuel to the sales fire. The result?
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. Domestic tractor sales peaked at around 945,000 units in 2022-2023 (April-March) as factors such as a good monsoon season and farm incomes lightened farmers’ sentiments across the country.
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