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American Suzuki restructures under Chapter 11; exiting auto market in US

Green Car Congress

American Suzuki Motor Corporation (ASMC), the sole distributor in the continental United States of Suzuki Motor Corporation automobiles, motorcycles, all-terrain vehicles and marine outboard engines, will restructure under chapter 11. The company plans to wind down and discontinue new automobile sales in the continental US.

Suzuki 225
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American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

Green Car Congress

American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). Earlier post.)

Suzuki 218
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Nikkei: India passes Japan to become world’s No. 3 auto market in 2022

Green Car Congress

Adding December’s sales volume reported Sunday by Maruti Suzuki, India’s largest carmaker, brings the total to roughly 4.25 from 2021, according to data from the Japan Automobile Dealers Association and the Japan Light Motor Vehicle and Motorcycle Association. million units. million vehicles sold.

Japan 218
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The beginning of an electric vehicle era for Suzuki

Electric Vehicles India

The Suzuki Burgman Electric Scooter brings urban mobility to the next level Two established two-wheeler brands, Bajaj and TVS, have entered the electric scooter segment. By then, Suzuki will also have completed its first electric scooter. By then, Suzuki will also have completed its first electric scooter.

Suzuki 89
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India: Sales of Electric Scooters & Motorcycles: December 2022

Plug In India

For the month of December, 67,676 new electric scooters and motorcycles were registered in India as per data available from the Vahan portal In December about 11,37,824 new two wheelers ware sold, out of which 67,676 are EV's. Tork Kratos R electric motorcycle sold 58 units in October. SUZUKI MOTORCYCLE INDIA PVT LTD Ditto as above.

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Upcoming electric vehicles in India

Electric Vehicles India

Honda Motorcycle & Scooter India (HMSI) said that the company will start a feasibility test of its upcoming electric scooter with its dealerships by the end of the 2021 festive season. Suzuki Burgman Electric. Suzuki Burgman electric is a high-performance electric scooter that offers the power of a 125 cc petrol scooter.

India 97
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India: Sales of Electric Scooters & Motorcycles: January 2023

Plug In India

For the month of January, 64,442 new electric scooters and motorcycles were registered in India as per data available from the Vahan portal In January about 14,79,771 new two wheelers ware sold, out of which 64,442 are EV's. Tork Kratos R electric motorcycle sold 62 units in October. SUZUKI MOTORCYCLE INDIA PVT LTD Ditto as above.