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The JV will be held 76% by KOEL—India’s largest manufacturer of diesel engines, both air-cooled and liquid cooled, covering a power range of 3 hp to 11,000 hp—and 24% by Axial Vector. Founded in 1888, Kirloskar Group today is a multi-product, multi-location engineering conglomerate with annual sales exceeding US$1.0
Exide Industries Ltd, India’s largest manufacturer of lead acid storage batteries and power storage solutions provider, and Switzerland-based Li-ion battery manufacturer Leclanché SA announced a joint venture to build lithium-ion batteries and provide energy storage systems for India’s electric vehicle market and grid-based applications.
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.
Hero Cycles a leading bicycles brand owned by the largest motorcycle manufacturer in the world Hero Motors has delivered its first batch of made in India electric bicycles to Germany. The Indian motorcycle manufacturer electric bicycle division has now looking for Europe and the continent’s burgeoning electric bicycle market.
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 company ships to South Africa, Nepal, Kuwait, South America, and SriLanka. As of now, it has raised more than $220 million.
Sales were bolstered further still. Factory-fitted CNG kit added fuel to the sales fire. As such, WagonR managed to scale mount one million (sales) in July of 2024. Longer, wider and taller, the model now also packed in additional safety features like ABS, airbags and fog lamps. The result? Where is WagonR exported to?
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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