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Starlink is expected to gain access to SriLanka after its parliament passes a new telecommunications bill. The new bill will allow Starlink to apply for a license and launch its services in SriLanka. Under this category, Starlink may apply to be a licensed service provider in SriLanka.
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 SriLanka. TVS Motor Co has a longstanding presence of over two decades in SriLanka where it retails its two- and three-wheelers.
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.
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.
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. TVS Motor Company (TVS) has today expanded its iQube range of electric scooters in one of its key markets – Delhi-NCR.
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.
It believes that sales of e-bikes are expected to reach around 15 million units in Europe by 2030. The company has also a state of the art manufacturing facility in SriLanka as well as a Design Centre in the UK. 15 million units in Europe by 2030.
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 SriLanka, Africa, and Latin America.
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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