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Axial Vector and Kirloskar Oil Engines Forming JV for Mass Production of Axial-Type Engines

Green Car Congress

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. It is also demonstrating a smaller 60 hp (45 kW) application, developed targeted at the growing unmanned aerial vehicle (UAV) market.

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TVS Motor Co launches iQube e-scooter in Sri Lanka | Autocar Professional

Baua Electric

Having launched retail operations and eight products including the iQube and X EVs earlier this month in Italy , the Chennai-based auto major has launched its iQube electric scooter in Sri Lanka. TVS Motor Co has a longstanding presence of over two decades in Sri Lanka where it retails its two- and three-wheelers.

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Exide and Leclanché launch Li-ion battery JV in India

Green Car Congress

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.

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TVS clocks 15,000 units iQube sales in Delhi-NCR, launches 3 new variants  | Autocar Professional

Baua Electric

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.

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Bounce Infinity Raises $20M in Funding from Existing Investors

Electric Vehicles India

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 source claims the company wants to expand its export market. The company ships to South Africa, Nepal, Kuwait, South America, and Sri Lanka.

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Hero Cycles delivers first batch of made in India electric bicycles to Germany 

Electric Vehicles India

The Indian motorcycle manufacturer electric bicycle division has now looking for Europe and the continent’s burgeoning electric bicycle market. New leader in the European market. The company expects to grow its figures and it aims to become a new leader in the European market. 15 million units in Europe by 2030.

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Moderate revenue growth expected for CV makers next fiscal: CRISIL | Autocar Professional

Baua Electric

Domestic sales, accounting for over 90% of total volume, are expected to approach the previous peak of ~10 lakh units seen in fiscal 2019. Conversely, export volumes are likely to remain sluggish due to inflationary pressures and economic slowdowns in key markets such as Sri Lanka, Africa, and Latin America.