Datasets:

Aswinabd17

/

scraped_cleaned_automobile.csv

like 0

Ferrari unveils $423,000 Sports Car with 1960s bloodline

Ferrari NV has unveiled a 395,000 Euros ($423,000) combustion engine sports car meant to help the Italian manufacturer defend its industry-leading margins. The 12Cilindri, also sold as a 435,000 Euros Spider convertible version, is inspired by Ferrari's touring cars from the 1960s and represents a fresh option amid several sold-outs.

https://www.ndtvprofit.com/business/ferrari-unveils-new-12cilindri-ice-supercars-at-miami-f1-grand-prix?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

(Bloomberg) -- Ferrari NVhas unveileda395,000($423,000) combustion engine sports car meant to help the Italian manufacturer defend its industry-leading margins. The 12Cilindri, also sold as a435,000 Spider convertible version, is inspired byFerraris touringcars from the 1960sand represents a fresh optionamid several sold-outs. The two-seater shows off Ferraris ability to sell cars that on average costfour times as much as those of Porsche AG. Ferrari has hiked prices and benefited from its wealthy buyers being less acutely affected by inflation and high interest rates. While the company has started to shift toward battery power, its relying largely on its highly profitable combustion engine vehicles to bolster margins. Unveiled Thursday in Miami ahead of theFormula 1 Grand Prixin the city, Ferraris latest modelfeatures a 12-cylinder enginepacking819 horsepower. Deliveries of the closed-roof versionwill startby the end of this year, with the convertible arrivingin early 2025. A company spokesperson declined to comment on how many would be made. The car has the same cockpit styleas the Purosangue, which Ferrari unwrapped in 2022 to enter the lucrative market for sport utility vehicles. While the new model line demonstrates Ferraris continued commitment tocombustion engines, Chief Executive Officer Benedetto Vigna has started to pave the way toward electrification. The Maranello, Italy-based manufacturer is building a factory to make hybrid and electric carsthat will be ready next month and plans to unveil its first fully electric vehicle in the fourth quarter of 2025. Read More:Ferrari Opens Cell Lab as Electric Supercar Race Heats Up Competition to make the transition is intensifying. Chinas BYD Co. unveiled a 1.68 million yuan ($233,450) high-performance EV inFebruary thats meant to challenge Ferrari andLamborghini. Whileboth manufacturers have released hybrid models, Lambos own fully electric supercar isnt due until 2028. At the same time,demand for EVs has been slowing recently, especiallyin Europe. Ferraris F1 team, which will welcome star driverLewis Hamilton in the 2025 racing season, and itsreputation for qualityhave helpedmake itthestrongest luxury automotivebrand inthe world, according to Bloomberg Intelligence. Ferrari is outpacing its peers for a second consecutive year,Joel Levington,director of credit researchfor Bloomberg Intelligence, said last month. We suspect this trend will continue, Levington said,as none of the concerns about the broader auto industryrisingprices, increasing subprime auto loan delinquencies and the potential for write-offs of electrical vehicle investmentsshouldvex the Italian sports car manufacturer. Weighing 1,560kg (3,440 pounds), the 12Cilindriis styled like a berlinettalittle saloon in Italianwith a glass roof that swoops low in the back.A novel design in front replaces traditional headlights with asingle wraparound bandreminiscent of the Ferrari Daytona. With a top speed of more than 211 miles per hour, the car can race to 100 kilometers (62 miles) per hour in 2.9 seconds. Ferrari said it developed softwarethat can modify the maximum torque available as a function of the gear selected, giving the driverthe feeling of smooth, progressive pickup as the transmission ratio increases. We were inspired by the cars of the 1950s and 1960s, said Enrico Galliera, Ferraris Chief Marketing and Commercial Officer, speaking at the buzzy launch event in a hangar-sized tent on the beach outside the Faena Hotel.It was important to have a certain level of comfort because the races were 6, 12, 24 hours. The car is the perfect explanation of Ferrari, he said.Tradition and innovation. (Adds statements from Enrico Galliera in the final paragraphs.) More stories like this are available on bloomberg.com 2024 Bloomberg L.P.

Bajaj Auto gets a new flagship in Pulsar NS400Z

Bajaj Auto Ltd. has launched its biggest Pulsar yet, to build on the brand equity the motorcycle enjoys, even after more than two decades in continuous production. With the Pulsar NS400Z, the Pune-based automaker has at once gained a new flagship that promises power to the masses. At Rs 1.85 lakh, it will also be the cheapest of the lot.

https://www.ndtvprofit.com/business/bajaj-pulsar-ns400z-launch-price-specifications?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Bajaj Auto Ltd. has launched its biggest Pulsar yet, to build on the brand equity the motorcycle enjoys, even after more than two decades in continuous production. With the Pulsar NS400Z, the Pune-based automaker has at once gained a new flagship that promises power to the masses and delivers a flavour of motorcycling that is distinct from its brethren in the Dominar 400, KTM 390 Duke and the Triumph Speed 400all middleweight pocket rockets made by Hamara Bajaj. At Rs 1.85 lakh, it will also be the cheapest of the lot. Equipped with the 373 cc engine that powered the KTM 390 Duke until last year, the Pulsar NS400Z borrows its underpinnings from the Dominar 400 as well as the much-smaller Pulsar NS200. The new motorcycle produces 40 BHP of power at the crank and sends 35 NM of torque to the rear wheel via a six-speed powertrain. The braking duties are handled by upside-down forks at the front and a single disc at the rear. In terms of equipment, the motorcycle gets LED lights all around, including the lightning bolt-shaped daylight running lights that flank the projector headlight upfront. At the back, the signature trailing tail-lights make their presence felt. Unlike the other Pulsars in Bajaj Autos line-up, the Pulsar NS400Z gets a flat handlebar that should aid handling in city traffic as well as enable effortless cruising on the highway. The instrument cluster gets a colour TFT screen with Bluetooth connectivity and turn-by-turn navigation on some variants. The motorcycle is available in four coloursblack, white, red and greywith a smattering of graphics. Online bookings are now open at Rs 5,000.

Bajaj set to unveil the biggest and most powerful Pulsar ever

Bajaj has announced the launch of the biggest Pulsar ever on May 3, 2024. With exceptional power and bold design, riders can conquer any terrain with ease with its advanced tech and safety features, the automobile company said. Bajaj invites everyone to join the world premiere of the biggest Pulsar ever at 11 AM IST on YouTube.

https://www.youtube.com/watch?v=n4RzEv_y63E?utm_customdetails3=InShorts_PulsarNS400&utm_source=InShorts_PremiumStories&utm_medium=Display&utm_campaign=Sok_Branding_Bajaj_Auto_Pulsar_NS400Launch_May24_InShorts_PremiumStories&utm_content=Sok_Branding_Bajaj_Auto_Pulsar_NS400_May_InShorts_PremiumStories&utm_customdetails=Sok_Branding_Bajaj_Auto_Pulsar_NS400_May24_InShorts_PremiumStories&utm_source_platform=InShorts_PremiumStories&utm_customdetails1=PulsarNS_Awareness_Launch&utm_customdetails2=Display_Others

3 exciting cars launching in May, 2024: Tata, Maruti & More

In May 2024, three new cars are set to be introduced in the Indian automobile space. Maruti's New-Gen Swift, powered by the new K Series 1.2-liter 3-cylinder engine, is slated for release, boasting a refreshed design and advanced features. Tata Altroz Racer, initially planned for April, now arrives with exterior enhancements and advanced interior technology.

https://trak.in/stories/3-exciting-car-launches-in-may-maruti-tata-more/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Rohit Kulkarni May 03, 2024 As April closes and May arrives, so do arrive three new cars in the Indian automobile space in the month of May 2024. Marutis New-Gen Swift Powered by the new K Series 1.2-liter 3-cylinder engine, projecting 80bhp and 108Nm of torque, this new gen car is slated for release in May, this model is touted to have a refreshed design featuring a revamped grille, LED headlamps, and sleek black alloy wheels. On the inside, there is a floating infotainment system and revamped HVAC controls, accompanied by rectangular AC vents and fresh upholstery. Other additions include encompass connected car technology, blind spot warning, and wireless charging. When it comes to the moolah, then an increase of Rs 70k to 80k is anticipated. Tata Altroz Racer Initially planned to be released in April, the release has now been moved to May. Plonked with Nexons 1.2-liter turbo petrol engine, generating 118bhp & 172Nm of torque, this model has exterior enhancements for a sportier allure. Other additions in the interior include an all-black theme with striking red stitching, ventilated seats, and advanced tech features like a 10.25-inch touchscreen system and digital instrument cluster. The Racer model is speculated to cost in the range between Rs 11 lakh to Rs 14 lakh. Force Gurkha 5-door Poised to go live in May alongside revival of its 3-door counterpart, this models expected updated include revised bumpers, grille, and an extended length for added boot space. A larger infotainment system and dashboard tweaks are expected on the interior. Powering the Gurkha is the 2.6-liter Mercedes-sourced diesel engine, delivering 91bhp and 250Nm of torque, setting the stage for competition with the upcoming Mahindra Thar 5-door. Source Previous article Next article Get latest news and views related to startups, tech and business Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.

Tesla revokes internship offers weeks before start date: Report

Tesla is revoking summer internship offers weeks before interns were about to start, Bloomberg reported citing some students. This comes after CEO Elon Musk recently announced the EV maker will lay off 10% of its global workforce. The company reportedly laid off senior director Rebecca Tinucci and around 500 employees from its Supercharger business earlier this week.

https://www.moneycontrol.com/news/business/tesla-interns-say-offers-are-getting-revoked-weeks-before-their-start-date-12713298.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Elon Musks latest cost-cutting victims: summer interns. Tesla Inc. is rescinding offers just weeks before internships were set to start, prompting aspiring employees to take to LinkedIn to appeal to other employers to take them in. At 8:46am, I opened a Tesla email for flight info. By 11:25am, my internship offer was gone, wrote Miami University student Joshua Schreiber, who said his start date was three weeks away and that he had already spent thousands on housing. Schreiber, like many other would-be Tesla interns, are getting uncomfortably close to the end of the school year. They say the surprise calls from Tesla informing students that their offers no longer stand have left them without a lot of time to find replacement gigs for the summer. In one instance, a current Tesla employee posted on LinkedIn, asking her own virtual network to step up and nab one of the interns who was meant to start soon at the carmaker. Please make our loss your gain! wrote Diana Rosenberg, who works in battery supply at Tesla, according to her profile. Rosenberg blamed the decision to rescind the intern offer on the massive layoffs unfolding at the carmaker. Last month, Musk announced that Tesla had made the difficult decision to reduce our headcount by more than 10% globally. Since then, several executives have left the company as Musk has pushed for further cuts. Most of the companys 500-person Supercharger division and its newly formed marketing team have been axed, Bloomberg News has reported. People familiar with Musks thinking have said the billionaire is determined to cut headcount amid sagging electric vehicle sales and big expenditures for his robotaxi dreams. They say Musk is targeting a 20% reduction, Bloomberg has reported. Revoking intern offers is unlikely to save Tesla much money. At least one of the posts was for an unpaid position, while paid internships at the company typically offer $18 to $28 an hour, according to data from Glassdoor. But the decisions will affect the companys hiring pipeline: More than 3,000 university and community college students from around the world are hired for Tesla internships each year, according to the companys last Impact Report. Perform meaningful work from day one, reads the companys intern website. The move has also delivered a stark life lesson to the students. Rejection is redirection, wrote Brook Gura, a communications student at the University of Texas at Austin, who said that she got a call that her offer was yanked three weeks before her start date as part of the companys mass layoffs. While I am incredibly disappointed that I will not have the summer I intended to have, I know that this moment will only help me grow stronger as a professional. Gura, Schreiber and Rosenberg declined to comment beyond their posts. Musk didnt respond to a request for comment.

Uber exits Pakistan amid rising competition

Uber Technologies has announced its withdrawal from Pakistan due to escalating competition in the region. This strategic move comes after years of struggling to maintain a profitable market share against local and international rivals. The exit reflects broader challenges faced by ride-sharing firms globally, as they navigate regulatory pressures and increasingly competitive landscapes.

https://www.boomlive.in/web-stories/news/uber-withdraws-from-pakistan-amidst-surging-competition-1987?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Bajaj Auto gains on reporting 17% rise in April sales

Bajaj Auto is currently trading at Rs. 9078.75, up by 171.00 points or 1.92 % from its previous closing of Rs. 8907.75 on the BSE.The scrip opened at Rs. 8934.95 and has touched a high and low of Rs. 9099.95 and Rs. 8823.75 respectively. So far 10493 shares were traded on the counter.

https://investmentguruindia.com/newsdetail/bajaj-auto-gains-on-reporting-17-rise-in-april-sales133923?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Kalyan Jewellers India soars on reporting 27% consolidated revenue growth in Q1FY25 Dhanlaxmi Bank rises on reporting 6% growth in gross advances in Q1FY25 Mahindra Lifespace climbs on closing two deals worth Rs 2050 crore in Mumbai, Benga... Punjab National Bank surges on reporting 10% rise in global business during Q1FY25 IDBI Bank gains on reporting 15% rise in total business during Q1FY25 Advait Infratech zooms on securing letter of intent worth Rs 158.90 crore Quick Heal Technologies rises on partnering with NewJaisa Technologies Sanghvi Movers jumps on incorporating wholly owned subsidiary Satin Creditcare Network inches up on raising Rs 50 crore through NCDs FSN E-Commerce Ventures rises as its arm incorporates wholly owned subsidiary in Qatar Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Bajaj Auto is currently trading at Rs. 9078.75, up by 171.00 points or 1.92 % from its previous closing of Rs. 8907.75 on the BSE. The scrip opened at Rs. 8934.95 and has touched a high and low of Rs. 9099.95 and Rs. 8823.75 respectively. So far 10493 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9356.00 on 02-Apr-2024 and a 52 week low of Rs. 4427.30 on 05-May-2023. Last one week high and low of the scrip stood at Rs. 9120.00 and Rs. 8643.10 respectively. The current market cap of the company is Rs. 253745.08 crore. The promoters holding in the company stood at 55.06 % while Institutions and Non-Institutions held 23.06 % and 21.88 % respectively. Bajaj Auto has reported rise of 17% in total sales to 3,88,256 units in April 2024 as against 3,31,278 in the same month last year. Total domestic (2-WH + CV) sales increased by 17% to 2,49,083 units in April 2024 as compared to 2,13,172 units in April 2023. Total exports (2-WH + CV) increased by 18% to 1,39,173 units in April 2024 as compared to 1,18,106 units in April 2023. Total domestic two-wheeler sales were up by 19% at 2,16,950 units in April 2024 as compared to 1,81,828 units in the year-ago month. Total domestic Commercial Vehicles sales stood at 32,133 units in April 2024 as against 31,344 units in April 2023, registering a rise of 3%. Bajaj Auto is an Indian company which manufactures motorcycles, three-wheelers and quadricycles. Boost to disposable incomes via tax cuts will spur demand for consumer durables Bajaj Auto launches world's first CNG-powered motorcycle `Freedom 125` Advanced Enzyme Technologies surges on getting nod to acquire additional stake of 5.89% in J... Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

New Maruti Suzuki Swift teased before India launch

Carmaker Maruti Suzuki will launch new Swift later this month. Bookings for the 2024 Maruti Suzuki Swift, which is set to come with 6-airbags, anti-lock brakes and stability control, is now open. Transmission options are expected to include both manual and automatic variants. New Swift will compete with Hyundai Grand i10 Nios as well as the Tata Punch.

https://www.freepressjournal.in/amp/automobiles/new-maruti-suzuki-swift-teased-before-india-launch-bookings-open-at-rs-11000?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Maruti Suzuki Swift | Excitement is building as Maruti Suzuki prepares to unveil the all-new Swift in May 2024. Giving us a sneak peek with the tagline, New Epic Swift, the carmaker hints at whats to come with a teaser image showing off the front of the car. What we can see suggests an updated look with sharper LED headlights, a redesigned grille, and a cool red paint job. While we cant see all the exterior changes, there is a buzz about new alloy wheels and redesigned LED tail-lights. Inside, expect upgrades like a fancy floating touchscreen for your music and bigger display for car info. Theyre also adding USB-C ports for faster charging and rear AC vents for the comfortable ride. Safety wise, the 2024 Maruti Suzuki Swift is set to come with 6-airbags, anti-lock brakes, and stability control. Though some fancy features like advanced driving aids and rear disc brakes seen at the Tokyo Motor Show might not make it to the India version, the focus seems to be on what really matters for local customers. New-Gen Suzuki Swift (Representational) | Both the Japan-spec and India-spec Maruti Suzuki Swift are set to powered by the Z Series 1.2-litre, three-cylinder petrol engine, marking a notable consistency between the two markets. Anticipate power and torque outputs to align closely with those of the existing K Series 1.2-litre, four-cylinder petrol engine. Currently, the K12 engine delivers 89bhp and 113Nm of peak torque. Transmission options are expected to include both manual and automatic variants, although Maruti Suzuki has not yet confirmed these details officially. Ahead of its anticipated launch on May 9, Maruti Suzuki has opened bookings for the new Swift, signaling the beginning of excitement among potential buyers. Interested individuals can secure their spot with a booking amount of Rs 11,000. Pricing projections place the new Swift in the range of Rs 6.5 lakh to Rs 10 lakh (ex-showroom). Upon its debut in the Indian market, the 2024 Maruti Suzuki Swift is poised to compete with contenders like the Hyundai Grand i10 Nios, priced between Rs 5.92 lakh and Rs 8.23 lakh, as well as the Tata Punch, ranging from Rs 6.13 lakh to Rs 9.60 lakh. Maruti Suzuki Swift - Present Generation Model | Commenting on the announcement,Mr. Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, The Swift has been an iconic brand for Maruti Suzuki, one that has evolved with changing times to redefine customer expectations. Its 29 lakh strong customer base and numerous awards & accolades are a testament to how the iconic Swift has gone from strength to strength. The Epic New Swift stays true to its much-loved sporty DNA, while balancing new-age expectations of environment friendliness with low emissions. As always, the next-generation Swift is all set to create new benchmarks in the premium hatchback segment and further the concept of the Joy of Mobility in its own right. Free Press Journal

Hero MotoCorp's sales surge 35% in April 2024.

Hero MotoCorp is currently trading at Rs. 4603.00, up by 60.60 points or 1.33% from its previous closing of Rs. 4542.40 on the BSE.The scrip opened at Rs. 4617.10 and has touched a high and low of Rs. 4617.10 and Rs. 4555.00 respectively. So far 7203 shares were traded on the counter.

https://investmentguruindia.com/newsdetail/hero-motocorp-gains-on-reporting-35-growth-in-total-sales-in-april-2024805619?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Kalyan Jewellers India soars on reporting 27% consolidated revenue growth in Q1FY25 Dhanlaxmi Bank rises on reporting 6% growth in gross advances in Q1FY25 Mahindra Lifespace climbs on closing two deals worth Rs 2050 crore in Mumbai, Benga... Punjab National Bank surges on reporting 10% rise in global business during Q1FY25 IDBI Bank gains on reporting 15% rise in total business during Q1FY25 Advait Infratech zooms on securing letter of intent worth Rs 158.90 crore Quick Heal Technologies rises on partnering with NewJaisa Technologies Sanghvi Movers jumps on incorporating wholly owned subsidiary Satin Creditcare Network inches up on raising Rs 50 crore through NCDs FSN E-Commerce Ventures rises as its arm incorporates wholly owned subsidiary in Qatar Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Hero MotoCorp is currently trading at Rs. 4603.00, up by 60.60 points or 1.33% from its previous closing of Rs. 4542.40 on the BSE. The scrip opened at Rs. 4617.10 and has touched a high and low of Rs. 4617.10 and Rs. 4555.00 respectively. So far 7203 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4979.95 on 12-Feb-2024 and a 52 week low of Rs. 2470.60 on 02-May-2023. Last one week high and low of the scrip stood at Rs. 4617.10 and Rs. 4370.00 respectively. The current market cap of the company is Rs. 91564.16 crore. The promoters holding in the company stood at 34.76%, while Institutions and Non-Institutions held 56.69% and 8.55% respectively. Hero MotoCorp has sold 533,585 units of motorcycles and scooters in April 2024. This translates into a robust 34.7% growth over the corresponding month (April 2023), when it had sold 3.96 lakh units and a sequential growth of 9% over the previous months (March 2024) sales of 490,415. The volume growth in the month of April highlights the companys sales trend, especially in the 125cc and 400+cc segments. The Xtreme 125R is witnessing a strong pull across the country and the company is swiftly ramping-up supplies to ensure smooth deliveries. During the month, the company along with its authorized distributor CG Motors, inaugurated a product assembly facility in Nepal. The facility will have a capacity of 75,000 units per annum and will bring new investments and create job opportunities in the region. CG Motors will be rapidly expanding the sales and service network across Nepal to cater to the growing customer base. They have opened the flagship showroom in Kathmandu and will have over 100 sales and service outlets within the next three months. Hero MotoCorp is the worlds largest manufacturer of motorcycles and scooters. India`s forex reserves hit record high of $651.5 billion as of May 31 Hero MotoCorp rises on reporting 15% growth in total sales in June 2024 Aster DM Healthcare climbs after concluding separation of India, GCC businesses Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

Ashok Leyland shines on reporting 10% rise in April sales

Ashok Leyland is currently trading at Rs. 198.80, up by 6.20 points or 3.22% from its previous closing of Rs. 192.60 on the BSE.The scrip opened at Rs. 195.90 and has touched a high and low of Rs. 199.65 and Rs. 194.50 respectively. So far 929298 shares were traded on the counter.

https://investmentguruindia.com/newsdetail/ashok-leyland-shines-on-reporting-10-rise-in-april-sales974333?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Kalyan Jewellers India soars on reporting 27% consolidated revenue growth in Q1FY25 Dhanlaxmi Bank rises on reporting 6% growth in gross advances in Q1FY25 Mahindra Lifespace climbs on closing two deals worth Rs 2050 crore in Mumbai, Benga... Punjab National Bank surges on reporting 10% rise in global business during Q1FY25 IDBI Bank gains on reporting 15% rise in total business during Q1FY25 Advait Infratech zooms on securing letter of intent worth Rs 158.90 crore Quick Heal Technologies rises on partnering with NewJaisa Technologies Sanghvi Movers jumps on incorporating wholly owned subsidiary Satin Creditcare Network inches up on raising Rs 50 crore through NCDs FSN E-Commerce Ventures rises as its arm incorporates wholly owned subsidiary in Qatar Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Ashok Leyland is currently trading at Rs. 198.80, up by 6.20 points or 3.22% from its previous closing of Rs. 192.60 on the BSE. The scrip opened at Rs. 195.90 and has touched a high and low of Rs. 199.65 and Rs. 194.50 respectively. So far 929298 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 199.65 on 2-May-2024 and a 52 week low of Rs. 142.10 on 03-May-2023. Last one week high and low of the scrip stood at Rs. 199.65 and Rs. 177.05 respectively. The current market cap of the company is Rs. 58388.87 crore. The promoters holding in the company stood at 51.52%, while Institutions and Non-Institutions held 33.76% and 14.72% respectively. Ashok Leyland has reported 10% rise in its total sales, including exports, at 14271 units in April 2024 as compared to 12974 units in April 2023. Light Commercial Vehicle (LCV) sales stood at 5148 units in April 2024. Medium and heavy commercial vehicles (M&HCV) Trucks and bus sales stood at 6752 units and 2371 units, respectively. Domestic sales in April 2024 stood at 13446 units. Domestic LCV sales stood at 4835 units in April 2024. Domestic M&HCV Trucks and M&HCV bus sales stood at 6537 units and 2074 units, respectively. Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The companys products include buses, trucks, engines, defense and special vehicles IndiGo & British Airways sign codeshare agreement MKP Mobility touches roof on acquiring 49% stake in CMR-Kataria Recycling Genus Power Infrastructures inches up on incorporating step-down subsidiary Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

Tesla's HR head Allie Arebalo exits amid layoffs: Report

Tesla's head of human resources Allie Arebalo has exited the company after six years, Bloomberg reported. It's unclear whether she stepped down or was part of the layoffs ongoing at the EV maker. Arebalo's exit comes weeks after the resignation of Senior Vice President Drew Baglino, who was one of the four members of Tesla's leadership team.

https://www.moneycontrol.com/news/business/companies/teslas-top-executive-allie-arebalo-exits-as-staff-upheaval-spreads-12712482.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Tesla Inc.s top human resources executive, Allie Arebalo, has left the company, joining a handful of other senior leaders that have recently departed. Arebalo is no longer with the company as of this week, according to two people familiar with the matter, who asked not to be identified discussing private personnel information. Its not clear whether the HR executive, who reported directly to Chief Executive Officer Elon Musk, was let go as part of broader job cuts across Tesla or if she stepped down. Musk and Arebalo didnt immediately respond to requests for comment. The electric-vehicle maker has been slashing jobs across the organization, targeting a staff reduction of about 20%, Bloomberg reported last month. Some of Musks top lieutenants have also resigned in the past few weeks, including Senior Vice President Drew Baglino, one of only four named Tesla officers. Musk has been fixated on cutting costs and staff since vehicle sales started to decline in recent months. He also eliminated most of the companys Supercharger team, which oversees partnerships with other automakers in the process of adopting Teslas charging connectors. Arebalo was one of the most senior women at the company. She had been in her role since February 2023 and worked for Tesla for about six years, according to her LinkedIn profile.

Maruti Suzuki India starts pre-booking New Swift at Rs 11K/unit

Leading carmaker Maruti Suzuki India on Wednesday started the pre-bookings of the 4th generation Epic New Swift at Rs 11,000 per unit.The company said that the new generation Swift builds on its much-loved signature sporty design while enhancing its dynamism and fun-to-drive quotient.

https://investmentguruindia.com/newsdetail/maruti-suzuki-india-begins-pre-booking-of-epic-new-swift-at-rs-11k-per-unit205029?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Tata Power launches rooftop solar initiative for homes in UP Honda India Foundation (HIF) signs MOU with Marriot Group of Hotels Accel to host India`s largest Cybersecurity Summit on July 25 Bajaj Auto launches world's first CNG-powered motorcycle `Freedom 125` Government makes ISI mark mandatory for steel & aluminium utensils to ensure safety... After Eiffel Tower, UPI goes live at another location before Paris Olympics After Apple, Google set to manufacture Pixel phones in India Over 9 bn eSIM-capable devices to be shipped by 2030 globally CREDAI - COLLIERS Developer Sentiment Survey `24 : More than 50% of Developers Seek... India ranks 3rd in fintech funding globally in Jan-June period Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Leading carmaker Maruti Suzuki India on Wednesday started the pre-bookings of the 4th generation Epic New Swift at Rs 11,000 per unit. The company said that the new generation Swift builds on its much-loved signature sporty design while enhancing its dynamism and fun-to-drive quotient. "Its 29 lakh strong customer base and numerous awards & accolades are a testament to how the iconic Swift has gone from strength to strength," Partho Banerjee, senior executive officer, marketing & sales, Maruti Suzuki India, said in a statement. "The Epic New Swift stays true to its much-loved sporty DNA while balancing new-age expectations of environment friendliness with low emissions," he added. To pre-book the Epic New Swift, customers can visit the company's official website and the nearest Maruti Suzuki ARENA showroom. Meanwhile, Maruti Suzuki India has reported a 48 per cent jump in net profit to Rs 3,878 crore for the January-March quarter of 2023-24 compared to the same quarter of 2022-23. The company declared its highest-ever dividend of Rs 125 per share. It also reported its highest revenue of Rs 38,235 crore in the fourth quarter. Gold slips as dollar firms to kick start major data week Indian carmakers post SUV-led June sales growth amid heat waves RBI FAQs for Paytm Payments Bank customers -- All you need to know Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

MG Motor India clocks retail sales of 4,485 units in April

Car manufacturer Morris Garages (MG) Motor India on Wednesday announced that it clocked retail sales of 4,485 units in the country in April.The recently launched MG Hector BLACKSTORM has been receiving a positive response from SUV enthusiasts across the country," the car manufacturer said.

https://investmentguruindia.com/newsdetail/mg-motor-india-clocks-retail-sales-of-4-485-units-in-april746953?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Government sets ball rolling for Tranche-II green hydrogen projects India gives the voice to Global South on AI global forums IIT-Madras partners with industry players to offer employability-focussed programmes AstraZeneca to expand its Chennai GCC at Rs 250 crore outlay Indian FMCG sector to see revenue jump 7-9 pc this fiscal, rural demand surges Cement volumes to grow 7-8 pc in FY25, top 5 firms to solidify market share GPAI members hail India`s leadership in global AI discourse Corporate investments will accelerate North-Eastern region`s growth: Experts Indian startups raised nearly $7 billion in first half of 2024 Committed to learning from India how to make AI more impactful for society: OpenAI Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Car manufacturer Morris Garages (MG) Motor India on Wednesday announced that it clocked retail sales of 4,485 units in the country in April. The company's electronic vehicle (EV) portfolio contributed 34 per cent of the total units sold in this period. "The recently launched MG Hector BLACKSTORM has been receiving a positive response from SUV enthusiasts across the country," the car manufacturer said. Last month, MG Motor announced its network expansion plans in Tier 3 and Tier 4 cities and rural markets across the country. The company had said that it is set to establish 100 new touchpoints by the end of the year to enhance accessibility and bring the brand closer to customers. Each of these dealerships will offer the latest MG models on display, digital configurators, and aftersales support, ensuring a seamless and immersive experience for customers, according to the company. "We are working towards introducing 100 new MG dealerships this year, tailored particularly for rural and Tier 3 and Tier 4 cities," said Satinder Singh Bajwa, Chief Commercial Officer, MG Motor India. The company also mentioned that it aims to attain 100 per cent nationwide coverage and plans to have 520 touchpoints in 270 cities by the end of FY2024. Markets to remain choppy in expiry week with range bound movement Tata Power launches rooftop solar initiative for homes in UP India playing an important role in advanced manufacturing: TCS Chairman Chandrasekaran Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

Industry Expects Brownfields Inclusion In EV Policy Guidelines

The proposed emphasis on brownfields investments alongside OEM incentives reflects a comprehensive approach aimed at nurturing a resilient EV ecosystem. There are speculations about the brownfields being included in the guidelines to provide benefits under the scheme as the manufacturers have urged the central government to broaden the definition of investment in this space.

https://www.entrepreneur.com/en-in/growth-strategies/industry-expects-brownfields-inclusion-in-ev-policy/473517?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media LLC May 1, 2024 Share Opinions expressed by Entrepreneur contributors are their own. The government is poised to unveil the guidelines for the EV policy which was approved on March 15, in a few weeks, with expectations that it will be fully operational within the next few months. According to the reports, there are speculations about the brownfields being included in the guidelines to provide benefits under the scheme as the manufacturers have urged the central government to broaden the definition of investment in this space. On March 15, e-vehicle policy was approved to promote India as a manufacturing destination for EVs. As per the policy, companies that set up manufacturing facilities for e-vehicles will be allowed limited imports of cars at lower customs duty. Such companies will have to set up manufacturing facilities in India in three years and attain a localisation level of 50 per cent by the fifth year. According to an official, getting brownfields included in the policy will be discussed further while making the guidelines. However, the official also mentioned that theoretically it would not be possible to give benefits on the basis of brownfields and OEMs need to set up a separate factory to get the domestic valuation addition (DVA) of 25 per cent in the first three years. Aditya Singh Ratnu, Chief Executive Officer, Zevo India said that our expectations extend beyond mere regulation; we seek a roadmap that incentivizes research and development, infrastructure investment, and market expansion. "We envision a policy framework that addresses the diverse needs of stakeholders, including manufacturers, suppliers, consumers, and policymakers, fostering collaboration and partnership towards a common goal of sustainability and progress," Aditya added. Since the policy has been approved, there have been questions for OEMs if the policy and benefits will allow them to tap into brownfields and not just greenfields to draw benefits under the scheme. Advocating the inclusion of brownfields in the scheme, Kunal Gupta, Founder and CEO, EMotorad said that brownfields offer opportunities to revitalise existing resources, redevelop and create new jobs, address environmental challenges, and reinstate neighbourhoodsall while reducing startup time, costs, and investments and increasing tax revenues." Raghav Arora, Co-Founder & CTO, Statiq said that the inclusion of brownfields in the policy discussions presents a unique opportunity to repurpose underutilised land for EV infrastructure development. "Converting brownfields into EV charging stations revitalises urban areas while addressing environmental concerns through sustainable mobility solutions," he added. Speaking about the Domestic Value Addition (DVA), Dinesh Arjun, Co-founder & CEO, Raptee said that it is imperative that local manufacturing and a strict control of DVA is ensured. This policy will also help grow and retain the talent pool in India and further our vision to Atmanirbhar Bharat. According to the policy, to achieve the DVA level of 25 per cent by the third year and 50 per cent by the fifth year, the government has sanctioned a customs duty of 15 per cent applicable to completely knocked-down (CKD) units for a duration of five years. Meanwhile, VG Anil, CEO, ARENQ said that EV policy guidelines will play a pivotal role in shaping the future of sustainable mobility. He expects that these guidelines should prioritize technological innovation, promote research and development initiatives, and ensure a supportive ecosystem for the growth of the EV batteries industry. " Salesforce covered Benioff's personal security costs last fiscal year. Most folks have a hard line between work and life. "It's just business," "I am a different person at work," etc. But what if we brought some of the beauty of the personal into the professional? Maximize and win your day with these key strategies that are guaranteed to boost your productivity and help you achieve your goals. Employees can choose to work the eight hours in a weekend shift or divvy up the time by adding two hours to their regular weekday shifts. Discover how to master keyword selection, content structure and on-page SEO to rank better on Google. Live launching and traditional evergreen strategies are outdated marketing tactics. Here's how to build an evergreen funnel that actually converts. . Entrepreneur and its related marks are registered trademarks of Entrepreneur Media LLC

Elon Musk lays off entire Tesla Charging Network Team

Tesla CEO Elon Musk sent an email to senior staff and told them to cut more employees who do not pass the 'excellent, necessary and trustworthy' test and resign. The layoffs at Tesla had been going on for weeks, started with Elon Musk's EV company cutting 10% of its global workforce due to ongoing competition and slow sales.

https://www.latestly.com/auto/tesla-layoffs-elon-musk-lays-off-entire-tesla-charging-network-team-says-will-fire-more-employees-who-do-not-pass-excellent-necessary-and-trustworthy-test-5932630.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

New Delhi, May 1:Elon Musk has disbanded Tesla's charging team in a new layoff round, a move which was unexpected and "surprising to everyone". The layoffs at Tesla's Supercharger network come despite onboarding top automakers like Ford and General Motors to use its connectors. Tesla's Supercharger network has the connector technology known as the North American Charging Standard (NACS), which is being adopted by major automakers. In an email to senior staff, the Tesla CEO told them to cut more employees who "don't obviously pass the excellent, necessary and trustworthy test" or resign.Tesla Layoffs Continue: CEO Elon Musk Lays Off Senior Management People by Sending Email, Plans To Cut More Hundred Jobs, Says Report. Will Jameson, one of the affected employees at the charging, posted on X that he has let "our entire charging org go." "What this means for the charging network, NACS, and all the exciting work we were doing across the industry, I don't yet know. What a wild ride it has been," he posted on X.Google Layoffs Continue: Tech Giant Lays Off Unspecified Numbers of Employees From Flutter, Dart and Python Teams; Know Why. However, Tesla "will continue to build out some new Supercharger locations, where critical, and finish those currently under construction", according to Musk's email, reports TechCrunch. These fresh job cuts came after Tesla laid off more than 10 per cent of its global workforce as part of a restructuring plan. The tech billionaire has also dissolved Tesla"s public policy team. . Latestly.com, 2024

Mahindra's new compact SUV launched at Rs 7.49 lakh

Mahindra XUV 3XO has finally hit the Indian market with a starting price of Rs 7.49 lakh, marking the launch of the facelifted version of the XUV300. Orders for the updated subcompact SUV will commence from May 15, with deliveries expected to begin on May 26, 2024. XUV 3XO features an updated interiors featuring a larger touchscreen.

https://trak.in/stories/mahindras-new-compact-suv-launched-at-rs-7-49-lakh-mahindra-xuv-3xo/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Sheetal Bhalerao May 01, 2024 After a series of teasers and test mule sightings, it appears that the Mahindra XUV 3XO, has been finally launched in India with a starting price of Rs 7.49 lakh (ex-showroom). The Mahindra XUV 3XO, which is the facelifted version of the XUV300, will start accepting orders for its updated subcompact SUV starting from May 15. The vehicle maker is expecting the commencement of deliveries from May 26, 2024. Mahindra XUV 3XO Looks & Design This new launch has received significant design changes inside and out as its fascia is all new and includes a redesigned grille, new headlights with longer fang-shaped LED DRLs, and an updated front bumper. Although its side silhouette remains the same as before, it now features newly designed alloy wheels. The back of this Mahindras facelifted subcompact SUV gets a sharper look with the tailgate flaunting the new XUV 3XO moniker, with all new connected LED taillamps and taller bumper design. When it comes to the cabin, the Mahindra 3XO features the same dashboard layout as the XUV400 EV. This facelifted version gets an updated center console and redesigned central AC vents to sit below the bigger 10.25-inch touchscreen infotainment system with wireless Android Auto and Apple CarPlay, as well as Adreno X connected car tech. The XUV 3XO comes with metallic pedals while Giving it a sporty appeal. While retaining the same steering wheel design, it sits in front of a 10.25-inch digital drivers display now. But, the talk of the town remains the Mahindra 3XO cabin (literally) is the first-in-segment panoramic sunroof. Mahindra XUV 3XO Specifications & Features Coming to the amenities, Mahindra has equipped the XUV 3XO with features including 7-speaker Harman Kardon sound system, dual-zone AC, rear AC vents, cruise control, and connected car technology with remote AC control feature. This also includes the updates with wireless charging and ventilated front seats. They have taken care of passenger safety in the new Mahindra sub-4 meter SUV by including features such as six airbags (as standard), a 360-degree camera with blind view monitor, electronic stability control (ESC) with hill hold and hill descent control, traction control, and roll-over mitigation. The vehicle also comes with 3-point seatbelts and seatbelt reminders for all seats, and all-wheel disc brakes. Besides this, a full suite of advanced driver assistance systems (ADAS) features like adaptive cruise control, autonomous braking, and lane keep assist are also present. Notably, the car maker has retained the same turbo-petrol and diesel engine options with the XUV 3XO. Their specifications have been detailed below: Moreover, Its T-GDi (direct injection) and turbo petrol engines come with the option of a 6-speed torque converter automatic. Packed with all these features, XUV 3XO seems to be all prepared to take on its rivals like Tata Nexon, Maruti Brezza, Hyundai Venue, Kia Sonet, Renault Kiger, Nissan Magnite and upcoming Skoda Sub-4m SUV. Previous article Next article Get latest news and views related to startups, tech and business Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.

Maruti will launch low-cost hybrid cars for Indians

Maruti Suzuki, under the umbrella of Suzuki Motor Co., is spearheading efforts to democratize hybrid car technology in India by developing cost-effective solutions. Considering the success of plug-in hybrid vehicles in Europe and the US, Maruti Suzuki eyes their introduction in the Indian market. Anticipating legislative advancements, Maruti Suzuki sees potential growth in the hybrid car segment.

https://trak.in/stories/maruti-will-launch-low-cost-hybrid-cars-for-indians-will-start-with-export-to-europe/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Radhika Kajarekar May 01, 2024 To make hybrid cars more accessible to Indian consumers, Suzuki Motor Co., the parent company of Maruti Suzuki, is working on creating cost-effective technology. Maruti Suzuki is thinking of bringing plug-in hybrid vehicles, which are presently available in Europe and the US, to India. Maruti Suzuki Working On Cost-effective Hybrid Technology The company believes that the market for hybrid technology will develop as a result of improvements in legislation, such as lower taxes on hybrid cars. Hybrid cars combine electric motors and internal combustion engines to provide convenience without the constant need for recharge. Despite being more expensive, hybrid automobiles are becoming more and more preferred than electric ones due to their convenience on a global scale. For the JanuaryMarch quarter, Maruti Suzuki had a 48% increase in net profit, while revenue increased by 20% year over year. On the other hand, its operating performance suffered during the quarter due to a decline in sales of its CNG vehicles. The chairman of Maruti Suzuki claims that high taxes, such the 43% tariff on hybrid vehicles, have an impact on the demand for hybrid cars in India. Sales of hybrid vehicles in the current fiscal year are contingent upon possible tax adjustments made by the GST Council. Maruti To Export Electric Vehicles To Europe Prior to introducing its electric vehicles in India, Maruti Suzuki intends to export them to Europe. The business anticipates that EV production will begin in the current fiscal year, with initial shipments to Europe. According to the chairman of Maruti Suzuki, double-digit growth in the Indian passenger car market is unlikely to occur in FY25. The market for small automobiles, which has been negatively impacted by price increases since the epidemic, is not anticipated to expand considerably over the coming years. Maruti Suzukis deliberate approach to entering the electric vehicle industry is seen in its decision to export EVs to Europe prior to their launch in India. Government regulations and market conditions will have a big impact on how the car industry develops in the near future. Image Source Previous article Next article Get latest news and views related to startups, tech and business Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.

This is how Bajaj Pulsar NS400 looks: Check leaked images, specs

Bajaj is gearing up for the launch of the Pulsar NS400, evident from a recent spy photo showcasing its robust, muscular design. The bike boasts bolt-shaped LED DRLs, a single LED projector headlamp, and an aggressive appearance accentuated by a well-designed headlight cowl. It is powered with features like a gold-finished USD fork and LED turn indicators.

https://trak.in/stories/this-is-how-bajaj-pulsar-ns400-looks-images-leaked-check-specs-usps/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Radhika Kajarekar May 01, 2024 The introduction of the Bajaj Pulsar NS400 is almost approaching, and a recent spy photo shows off its muscular appearance. Bajaj Pulsar NS400 Spotted Bolt-shaped LED DRLs and a single LED projector headlamp give the front end a unique appearance. The bike looks aggressive because of the well-designed headlight cowl. The anticipated all-digital instrument cluster, which will be located above the headlight, might have turn-by-turn navigation and Bluetooth connectivity. The bike feels more upscale thanks to the gold-finished USD fork and LED turn indicators.The side profile features an integrated fuel tank extension, a cosmetic improvement over the previous model, based on the Pulsar NS200 design. The bikes appearance is enhanced by a small belly pan and a radiator shroud with a carbon fiber-style sticker. The black side panel creates a striking contrast, while the tail portion carries on the NS200s design development. The perimeter frame is hung below by a preload-adjustable monoshock and a USD fork. Single discs in the front and back are used for braking, and dual-channel ABS is standard. There might be ABS modes, like the Pulsar N250. Engine Specs And Features The engine specs are yet unknown, but potential options include the 373cc Bajaj Dominar 400 engine or the 399cc single-cylinder KTM 390 Duke engine.The second engine choice seems more feasible given the desired price point of about Rs 2 lakh. More information will be disclosed on May 3, 2024, the day of the official debut. The performance and features of the Pulsar NS400 are expected to live up to high expectations, making the unveiling a momentous occasion for Bajaj. It is anticipated that Pulsar enthusiasts would be drawn to the bikes muscular and sporting look. The bikes overall appeal is improved by the addition of contemporary technologies like LED lights and Bluetooth connectivity. The anticipated performance metrics, such as the horsepower output, will be critical in figuring out how competitive the bike is in its class. In order to position the Pulsar NS400 against its rivals in the market, pricing will be a key factor. All things considered, the excitement surrounding the debut is a reflection of the importance of the Pulsar NS400 for Bajaj as well as the expectations of both enthusiasts and customers. Image Source Previous article Next article Get latest news and views related to startups, tech and business Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.

Travel to Ooty, Kodaikanal? E-pass mandatory

To streamline vehicular traffic entering Nilgiris and Kodaikanal during summer, the Madras High Court has made e-pass mandatory for travelers to the two hill stations. Only vehicles with e-passes will be allowed to enter the towns. The court has asked district collectors to develop such a system. The pilot test is from May 7 to June 30.

https://thefederal.com/amp/category/states/south/tamil-nadu/madras-hc-orders-e-pass-system-to-enter-nilgiris-kodaikanal-how-will-it-work-120285?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

In a bid to streamline heavy vehicular traffic entering Nilgiris and Kodaikanal during summer, the Madras high court has made e-pass mandatory for non-residents of these two scenic hill stations. Filling up an online form Visitors to these sought after hill stations will probably have to fill up an online form and generate an e-pass. Vehicles with e-pass only will be allowed to enter, said the court, who has asked district collectors of Nilgiris and Dindigul to develop such a system. Kodaikanal is located in Dindigul district. Pilot test from May 7 to June 30 The possession of such e-passes can be properly checked at the entry points without fail. Such a system can be developed and implemented with effect from May 7, 2024 and shall be in vogue on a pilot/test basis up to June 30, 2024, the bench added. New system to be widely advertised There should be adequate publicity about the new system on the website/mobile app which were going to be developed. Advertisements can be issued nation-wide and more specifically in the regional newspapers of the neighbouring states - Kerala, Karnataka and Andhra Pradesh, said the division bench comprising Justices N Sathish Kumar and D Bharatha Chakravarthy. This order was given on Monday (April 29) while passing interim orders in a case relating to fixation of carrying capacity in respect of the Nilgiris and Dindigul districts. Exemption for vehicles of local residents The vehicles of local residents, commercial vehicles regularly carrying agricultural products can be exempted by issuing an appropriate notification, the bench suggested. It has to be worked out if the e-passes either have to be valid for one entry or for multiple entries, there must be a related provision, said the bench. Why court decided to regulate vehicle entry? A "whopping" 20,011 vehicles enter the Nilgiris every day, which includes 11,509 cars and 6,524 two-wheelers on an average during the peak season, the court said, adding, "it can be seen that the situation is alarming." "There can be absolutely no place even for movement of traffic and it is affecting everyone, the residents, the tourists, the visitors etc., without exception. More specifically, the local residents can not move even for their regular livelihood including for medical emergency and their very right to life is affected; the tourists also cannot reach their destinations and it spoils their very experience... the environment is the worst affected," the court said. Meddling with elephant corridors The roads were carrying beyond their capacity. It can also be seen that all these routes were "meddling/interfering with the elephant corridors." And in view of traffic jams, vehicles are stranded in the roads cutting across forests and the animals are worst affected. It causes irreparable damage to the environment, the bench noted. Traffic management The court also directed Nilgiris district collector to also ensure the traffic management for the current season, particularly, consider stopping tourists vehicles entering via Kalhatti Ghat Road. This is because it is said to be one of the primary reasons for the traffic congestion as well as detrimental to the environment. The Collector shall, however exempt the vehicles of the local residents, the bench added and posted to July 5, further hearing of the case. (With inputs from agencies) Copyright @2023 Powered by Hocalwire

'Entrepreneurs Need To Target R&D Of A Million Engineers In India'

Ather Energy founder and CEO Tarun Mehta has emphasized on the increased spending on R&D in the auto industry saying Given the demographic advantage we are sitting on, our policy focus on R&D needs to go up in an immense way. Apparently BYD now has more people in R&D than the rest of the auto industry outside of China, Combined.

https://www.entrepreneur.com/en-in/news-and-trends/entrepreneurs-need-to-target-rd-of-a-million-engineers-in/473449?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media LLC Apr 30, 2024 Share Opinions expressed by Entrepreneur contributors are their own. Ather Energy founder and CEO Tarun Mehta has emphasised on the increased spending on research and development (R&D) in the auto industry saying Given the demographic advantage we are sitting on, our policy focus on RnD needs to go up in an immense way. He said that entrepreneurs need to target an R&D of a million engineers in India. "Given the demographic advantage we are sitting on, our policy focus on R&D needs to go up in an immense way. Remember, suppliers come and setup capacities where OEMs produce. OEMs produce where their new product development (NPD) happens. And NPD happens where there are engineers. That's why China today wins the NPD game so that it can continue to maintain its eventual manufacturing advantage," he wrote on X. The post was in context with Chinese carmaker BYD's R&D strategy where is has claimed that the company has been expanding its R&D team for several years with the number of engineers hired by the company growing 31.5 per cent year-on-year to around 40,400 in 2021. That number increased 72.6 per cent year-on-year to nearly 70,000 as of last year. "Apparently BYD now has more people in R&D than the rest of the auto industry outside of China, COMBINED," he added. He said that the most important progress is technological progress and China, for all its faults, is doing good job on this. "An R&D team size approaching one lakh people with some 20-30K engineers hired last year alone! Almost 10 per cent of their revenue is spent on R&D, even at the scale of USD 40-50 billion in annual revenues," he added. He said that Indian companies are often quite happy seeing a 3-4 per cent R&D spend but we need to focus a lot on the numbers otherwise no one can beat a 10-100X numbers advantage. "If we have a 10-20X growth ahead of us for the next few decades then we need to target big numbers everywhere. 10-15 per cent R&D spend in all critical sectors. A million engineers in all critical sectors," he said. Replying to a comment on the micro-blogging platform, he said that key concern is a fear of investing in R&D. Too many promoters, and even professional CEOs weren't engineers in the past. And very few have seen value creation happen by 'building'. Too many CEOs rewarded for successful 'joint ventures' rather than for being kick ass builders. Feature Writer Is email marketing worth it anymore? Time to debunk the biggest myths and set the record straight. Huang co-founded the now trillion-dollar AI chip maker Nvidia at a Denny's in San Jose, California, 31 years ago. Nvidia was founded in 1993 and went public in January 1999, first trading at $12 per share. Cuban put xAI's Grok and OpenAI's ChatGPT in a head-to-head contest following the presidential debate. Here's the bot that came out on top. The franchise has won a record 18 NBA titles. This lifetime subscription to Prism Drive Secure Cloud Storage makes saving files more affordable. . Entrepreneur and its related marks are registered trademarks of Entrepreneur Media LLC

BluSmart Crosses INR 500 Crore In Annual Run Rate In FY24

BluSmart, e-Mobility ride-hailing service and EV Charging Infrastructure network announced that it has crossed Annual Run Rate (ARR) of INR 500 crore achieving 102 per cent growth over previous year. BluSmart's gross business value (GBV) witnessed phenomenal growth, delivering a CAGR of 300 per cent over the last three years, and is well poised for continued growth.

https://www.entrepreneur.com/en-in/news-and-trends/blusmart-crosses-inr-500-crore-in-annual-run-rate-in-fy24/473440?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media LLC Apr 30, 2024 Share BluSmart, e-Mobility ride-hailing service and EV Charging Infrastructure network announced that it has crossed Annual Run Rate (ARR) of INR 500 crore achieving 102 per cent growth over previous year. BluSmart's gross business value (GBV) witnessed phenomenal growth, delivering a CAGR of 300 per cent over the last three years, and is well poised for continued growth. The growth is a testament to the deep customer love it has received for prioritising reliability, safety and sustainability with industry-first offering of zero cancellations, on-time arrivals, and zero emission cabs. Leading with the mission statement of "Decarbonising Mobility at Scale", BluSmart has pioneered a "born electric, full stack, vertically integrated" business model managing and operating its EV fleet and Charging Infrastructure at scale. Pioneering the electric revolution today, BluSmart has the largest EV fleet in South Asia of over 7,300 EVs, which have covered ~460 Million clean kilometers saving 34 Million Kgs of CO2 emissions. BluSmart charging network has also grown multi-fold and spans across prime locations in Delhi NCR and Bengaluru. Earlier this year, BluSmart became the first mobility player in India to achieve 100% emissions-free status, through its efforts towards sourcing 100 per cent green energy. Since its inception in 2019, BluSmart has steadily grown its fleet size and customer base, prioritising reliability and quality of rides, and thereby prioritising customer experience. Starting with a few pin codes in Gurgaon, remaining resilient during the tough COVID-19 impacted years, BluSmart has now got a loyal customer base in Delhi NCR and even Bangalore. BluSmart aims to reach 10,000 EV fleet by the end of 2024. Commenting on the significant growth trajectory for the company, Anmol Singh Jaggi, Co-founder, BluSmart, said "BluSmart's achievement of crossing INR 500 Crore ($60 Million) in Annual Run Rate marks a pivotal moment in our journey. As we surge ahead, our commitment to building a fully integrated energy-infrastructure, mobility and technology business remains unwavering. We are witnessing a rise in demand for sustainable mobility solutions, reinforcing the growth of a greener, more sustainable future. Fueled by this momentum, we are poised to deepen our impact by expanding our EV fleet and charging infrastructure, catering to our ever-growing customer base." Entrepreneur Staff Editor Is email marketing worth it anymore? Time to debunk the biggest myths and set the record straight. Huang co-founded the now trillion-dollar AI chip maker Nvidia at a Denny's in San Jose, California, 31 years ago. Nvidia was founded in 1993 and went public in January 1999, first trading at $12 per share. Cuban put xAI's Grok and OpenAI's ChatGPT in a head-to-head contest following the presidential debate. Here's the bot that came out on top. The franchise has won a record 18 NBA titles. This lifetime subscription to Prism Drive Secure Cloud Storage makes saving files more affordable. . Entrepreneur and its related marks are registered trademarks of Entrepreneur Media LLC

Tesla CEO Elon Musk cuts more jobs amid declining sales

Elon Musk reportedly sent an email to the people on Monday working in senior management role and asked them to leave Tesla from Tuesday (April 30). The report also said that the EV company will cut more hundreds of jobs amid the declining sales and rising global competition from other companies.

https://www.latestly.com/auto/tesla-layoffs-continue-ceo-elon-musk-lays-off-senior-management-people-by-sending-email-plans-to-cut-more-hundred-jobs-says-report-5930061.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Austin, April 30:The recent Teslalayoffs in 2024 have sent shockwaves across the EV and automobile industry, raising concerns among long-time employees.Elon Musk's Teslamade the difficult decision to cut 3,332 jobs in California and 2,688 in Texas last week, a significant portion of its global workforce. These layoffs have resulted fromslow sales and intense price warsfrom competitors,highlight the challenges faced by the EV industry. Notably, China's BYD Auto outpaced Tesla in2023, producing three millionenergy vehicles. Elon Musk, frustrated due to falling sales of Teslareportedly planning tolay offhundreds more employees, said thereportbyThe Information. As per the report,the recent Tesla layoffs wereimplemented by Musk's lieutenants, which led to the trimming of seniormanagement roles. Elon Musk sent emails to two senior Tesla employees to announce their termination from the following day. The emails about layoffs were sent by Tesla CEO toRebecca Tinucci, a senior director of the company's Supercharger group, and Daniel Ho, the head of the new products.Google Layoffs Continue: Tech Giant Lays Off Unspecified Numbers of Employees From Flutter, Dart and Python Teams; Know Why. Sawyer Merritt Tweet on Elon Musk Asking Resignation ofSenior Executives Who are Unfit For Role: The email reportedly informed that senior employees wouldleaveTesla on Tuesday (April 30) morning.The reportmentioned thatthe new round of Tesla layoffs will cutmorethana hundred roles as thecompany's struggle continues with declining sales andrising competition. The report did notmention more details about the layoffs and which departments or roleswould be cut in the next round. The Teslalayoffs remain constant in news with frequent announcements of job cuts. According to a post on X by Sawyer Merritt, Co-Founder of Twin Birch, Elon Musk emailed the Tesla executives and stated, "Starting at 10 AM EST Tuesday, I will ask for the resignation of any executives who retains more than three people who don't obviously pass the excellent, necessary and trustworthy test".Meta Layoffs: Metas Oversight Board Prepares To Lay Off Its Employees; Check Details. Tesla CEOElon Musk recently visited China for the approval for company's driving software. He postponed his visit to India due to the ongoing Teslaobligations. The tech billionaire was going to announce his major investment plans in India and meet PMNarendra Modi to discuss Tesla's entry in the market. Now, with all the plans on hold,Elon Musk would visit India laterthis year. . Latestly.com, 2024

Tesla cars get all-clear in China after Elon Musk's lobbying visit

In a big relief for Tesla, its vehicles have passed the key test of compliance with China's data security rules. Billionaire CEO Elon Musk had air-dashed to Beijing on April 28 to meet Premier Li Qiang, in order to woo the global second-largest market for his electric vehicles. In recent months, Tesla EVs faced entry bans in Chinese government-affiliated buildings.

https://www.connectedtoindia.com/china-lifts-entry-ban-on-tesla-cars-as-elon-musk-woos-global-no-2-market-for-his-evs/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

In a big relief for Tesla, its vehicles have passed the key test of compliance with Chinas data security rules. The companys billionaire CEO Elon Musk had air-dashed to Beijing on Sunday to meet Premier Li Qiang, in order to woo the global second-largest market for his electric vehicles (EVs). Musk pressed for an all-clear approval for Tesla cars, which faced stiff competition from local rivals. In recent months, Tesla had faced entry bans in Chinese government-affiliated buildings, besides military bases, due to security concerns over data leaks. Yesterday, Tesla passed the security assessment by a state-owned Chinese industrial association. The China Association of Automobile Manufacturers (CAAM) and the National Computer Network Emergency Response Technical Team/Coordination Centre of China have published a list of 76 models of intelligent connected vehicles that meet the countrys auto data security requirements, including those from Tesla. The list was released after security tests jointly conducted by the two organisations clearing models of local Chinese electric vehicles, including Li Auto, Lotus, Hozon New Energy Automobile, and NIO, besides BYD and Tesla, state-run Xinhua news agency reported. In tests starting in November 2023, cars were assessed to see if they met four compliance requirements: The tests were carried out according to related laws and standards, and the carmakers submitted their models voluntarily, according to the Association. The Association said that the test aimed to help regulate auto data processing, protect the rights of car users, and build a sound environment for auto data security and the industry. Significantly, Tesla was included in the list, which was released right after Musk flew to Beijing on a surprise visit. This was Musks second visit to China, which is Teslas second-biggest market. Built and put into operation in 2019, the Shanghai factory, Teslas first Gigafactory outside the United States of America, delivered 947,000 vehicles in 2023, which was 33 per cent more than in 2022. Reports had said that Tesla vehicles faced restrictions in China in an increasing number of meeting halls and exhibition centres across the country, besides military bases. Even highway operators, local authority agencies, and cultural centres reportedly began restricting the Tesla EVs, which began impacting its sales in China. Musk arrived in Beijing on Sunday at the invitation of the China Council for the Promotion of International Trade. Tesla was already in negotiations with the Chinese authorities about the lifting of all restrictions, the state-run China Daily reported. Elon Musk and Chinese trade promotion council head meet in Beijing pic.twitter.com/MdwguYf5sO Tesla said in a statement that the endorsement of its Model 3 and Model Y vehicles assembled at the Shanghai Gigafactory would lead to an easing of restrictions on its cars access to certain state-backed entities, airports and motorways. The result of the review will give Tesla car owners and other fans of its cars a lot of confidence in driving them on the streets of China, said Chen Jinzhu, CEO of the consultancy Shanghai Mingliang Auto Service. Since the CAAM is a government-backed auto industry association, the review certainly will have an influence on relevant authorities policymaking, Chen told the Hong Kong-based South China Morning Post. The endorsement also bodes well for Chinas probable approval of Teslas Full Self-Driving (FSD) system, its autonomous driving software, for which Musk reportedly is lobbying. Premier Li said that Teslas operations in China represented a successful example of an economic tie-up between China and the US, as he encouraged more co-operation between the two countries. Musks visit to Beijing aims to bring the Texas-based carmakers autonomous driving technology to China amid intensified competition with local competitors in an EV market that accounts for about 60 per cent of global sales, the Post reported on Sunday. WATCH: Elon Musk pushed for China's approval for Tesla to roll out advanced driver-assistance systems in a whirlwind trip to Beijing https://t.co/wZQd72C1nU pic.twitter.com/FIwLqvLsbk Calling Teslas development in China a successful example of trade co-operation between Beijing and Washington, Premier Li Qiang expressed the hope that the US would work in the same direction as China to promote the stable development of bilateral ties. Chinas huge market would always remain open to foreign enterprises, he emphasised. Musk said thanks to the hard work and wisdom of the Chinese team. He said that it was good to see electric vehicles making progress in China, and added that all cars will be electric in the future. According to China Daily, the countrys new energy vehicle sales surged 37.9 per cent year-on-year to about 9.5 million last year, accounting for more than 60 per cent of the global total. IPL needs to do away with on-ground cheer leading? View Results 2016. ConnectedtoIndia. All rights reserved.

Tesla once ran out of cash, I myself began delivering cars: Musk

Elon Musk took to X on Monday to speak about Tesla's struggles in early days. Tesla aimed to deliver 4,750 cars in Q1 2013 to make profit for first time. "Tesla was out of cash, so it was case of deliver or die," Musk said. "We redirected everyone...legal, finance, HR, designers...to delivering cars. I personally delivered many cars," he added.

https://twitter.com/elonmusk/status/1784785885416067521?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

US regulator finds Tesla autopilot had a role in 13 fatal crashes

American auto-safety regulators have said their probe into Tesla's Autopilot feature found that it was involved in at least 13 fatal crashes. The probe also found the company's claim did not match up to reality. It found evidence that "Tesla's weak driver engagement system was not appropriate for Autopilot's permissive operating capabilities", which resulted in a "critical safety gap".

https://www.connectedtoindia.com/us-regulator-finds-tesla-autopilot-was-involved-in-13-fatal-crashes/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

American auto-safety regulators have said their probe into Teslas Autopilot feature found that it was involved in at least 13 fatal crashes. The probe also found the companys claim did not match up to reality. The National Highway Traffic Safety Administration (NHTSA) disclosed on Friday that during its three-year Autopilot safety investigation, which it launched in August 2021, it identified at least 13 Tesla crashes involving one or more death, and many more involving serious injuries, in which foreseeable driver misuse of the system played an apparent role, The Guardian reported. It also found evidence that Teslas weak driver engagement system was not appropriate for Autopilots permissive operating capabilities, which resulted in a critical safety gap. The NHTSA also raised concerns that Teslas Autopilot name may lead drivers to believe that the automation has greater capabilities than it does and invite drivers to overly trust the automation, The Guardian reported. The agency also found that the companys autopilot may even discourage drivers from taking manual control of the vehicle compared to other automated driving systems. NHTSAs new investigation focuses on the software update Tesla rolled out to fix these issues in December, which prompts drivers with increased warnings and alerts to pay greater attention when using Autopilot and Autosteer, reported The Verge. Reacting to the development, Senator Edward J. Markey (D-Mass.), member of the Commerce, Science, and Transportation Committee, and Senator Richard Blumenthal (D-Conn.) said in a statement: Within days of Teslas December recall of Autopilot, it became clear the company had not done enough to protect drivers and all road users from the dangers of this unsafe technology. That is why, last week, we sent a letter to NHTSA urging the agency to more urgently steer Tesla towards safety. As part of NHTSAs new query, the agency should require Tesla to restrict its Autopilot feature to the roads it was designed for. We urge the agency to take all necessary actions to prevent these vehicles from endangering lives, they said. In August 2021, Senators Markey and Blumenthal sent a letter to the Federal Trade Commission (FTC), calling for it to launch an investigation into Teslas advertising of driving automation systems. In February 2022, Senators Markey and Blumenthal sent a letter to Tesla Co-founder and CEO Elon Musk following numerous reports of dangerous braking flaws in Teslas Autopilot and Full Self-Driving systems and amid several federal safety investigations, voicing serious concerns with the implementation of the companys technology. IPL needs to do away with on-ground cheer leading? View Results 2016. ConnectedtoIndia. All rights reserved.

Maruti Suzuki posts ₹3,878 cr profit in Q4, declares ₹125 dividend

Maruti Suzuki reported a net profit of ₹3,878 crore for the fourth quarter of FY24, up 48% from the same period a year ago. Its revenue also surged roughly 20% to ₹38,235 crore in Q4. The automaker's board has recommended a dividend of ₹125 per share for FY24, marking the highest-ever dividend in its history.

https://www.moneycontrol.com/news/business/maruti-suzuki-q4-net-profit-rises-to-rs-3878-cr-12708336.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Maruti Suzuki India, on Friday reported a 48 percent rise in its net profit to Rs 3,878 crore for the fourth quarter ended March 31, 2024, on account of higher sales volume and favourable commodity prices. The companys profit after tax (PAT) during the corresponding period last year stood at Rs 2,624 crore. The country's largest carmaker registered a revenue of Rs38,235crorein the three months ended March 31.Additionally, the company declared its highest-ever dividend of Rs 125 per share. Analysts had projected a profit of Rs 3,916 crore on a revenue of Rs 38,772 crore, according to the average of nine brokerage estimates. The New Delhi-headquartered firm, which has a wider portfolio of products such as the Baleno, Swift, Jimny, Grand Virara and Invicto, reported a Q4FY24 sales volume of 584,031 units against 514,927 units in the year-ago period, recording a 13 percent jump. For the entire financial year, the companys standalone net profit went up by over 64 percent to Rs 13,209 crore as against Rs 8,049 crore during the previous year ended March 2023. Its total revenue from operations went up by nearly 20 percent to Rs 140,933 crore in the year ended March 2024 as compared to Rs 117,523 crore during FY23. For the first time, the company surpassed annual total sales milestone of 2 million units in FY24. The company continued to be the top exporter for the third consecutive year, now contributing 41.8 percent of total passenger vehicle exports from India, Maruti Suzuki said in a statement. The carmaker's domestic volumes stood at 505,291 units, 12 percent higher on a year-on-year (YoY) basis. The exports stood at 78,740 units, up 22 percent YoY. Maruti Suzuki is confident of its overseas shipments crossing 300,000 units in FY25 as it scales up to meet the export target of up to 800,000 units by 2030. Chairman RC Bhargava was upbeat about the business environment in the country and said, "I strongly believe that the new government which is coming up in less than two months will propel the economy to phenomenal levels." Maruti Suzuki hasrecently expanded the manufacturing capability at its Manesar plant in Haryana by 100,000 units per year, taking the total capacityto 900,000 vehicles per year at the unit. The New Delhi-headquartered company has revealed that it has already surpassed annual total sales milestone of 2 million units in FY24. Furthermore, it has continued to be the top exporter for the 3rd consecutive year, now contributing 41.8 percent of total passenger vehicle exports from India. On April 26, Maruti Suzuki's shares on BSEclosed trading 1.26 percent lower at Rs 12,760 apiece. In January, Maruti Suzuki hiked prices by up to 0.45 percent across models.OnApril 10, a second hike followed with the raising prices on Swift and select variants of Grand Vitara Sigma by up to Rs 25,000.

Schaeffler India's Q1 profit up on improved demand

Auto components maker Schaeffler India on Thursday reported a 3.8% rise in first-quarter profit, boosted by demand in its automotive segment.The Indian unit of Germany's Schaeffler AG said profit rose to 2.28 billion rupees ($27.36 million) for the three months ended March 31 from 2.19 billion rupees a year earlier.

https://investmentguruindia.com/newsdetail/auto-parts-maker-schaeffler-india-posts-rise-in-q1-profit-on-better-demand269379?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Kalyan Jewellers India soars on reporting 27% consolidated revenue growth in Q1FY25 Dhanlaxmi Bank rises on reporting 6% growth in gross advances in Q1FY25 Mahindra Lifespace climbs on closing two deals worth Rs 2050 crore in Mumbai, Benga... Punjab National Bank surges on reporting 10% rise in global business during Q1FY25 IDBI Bank gains on reporting 15% rise in total business during Q1FY25 Advait Infratech zooms on securing letter of intent worth Rs 158.90 crore Quick Heal Technologies rises on partnering with NewJaisa Technologies Sanghvi Movers jumps on incorporating wholly owned subsidiary Satin Creditcare Network inches up on raising Rs 50 crore through NCDs FSN E-Commerce Ventures rises as its arm incorporates wholly owned subsidiary in Qatar Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Auto components maker Schaeffler India on Thursday reported a 3.8% rise in first-quarter profit, boosted by demand in its automotive segment. The Indian unit of Germany's Schaeffler AG said profit rose to 2.28 billion rupees ($27.36 million) for the three months ended March 31 from 2.19 billion rupees a year earlier. Revenue from operations rose 9.2% to 18.49 billion rupees. For further earnings highlights, click (Full Story) KEY CONTEXT Demand from passenger vehicles and two-wheelers had been favourable for auto ancillaries on a year-on-year basis. Schaeffler and SKF India are the leading players in the over $2 billion Indian bearings market. Analysts expected Schaeffler to register the highest revenue and profit growth among peers. Smaller peers SKF India and NRB Bearings Ltd are yet to report quarterly results. PEER COMPARISON Valuation (next Estimates (next 12 months) Analysts' sentiment 12 months) RIC PE EV/EBITDA Revenue growth% Profit Mean # of Stock to Div growth% rating* analys price yield ts target** (%) Schaeffler India 45.96 30.45 12.67 16.36 Hold 9 1.08 0.79 Ltd SKF India Ltd 34.92 25.60 11.35 22.49 Buy 9 0.92 0.87 NRB Bearings Ltd 26.24 19.88 9.99 -49.85 Strong 1 0.88 1.43 Buy Timken India Ltd 46.06 35.36 9.87 24.03 Hold 5 1.03 0.05 * Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY-MARCH STOCK PERFORMANCE -- All data from LSEG -- $1 = 83.3330 Indian rupees Rupee weakens against US dollar on Thursday MKP Mobility touches roof on acquiring 49% stake in CMR-Kataria Recycling 3M India posts smallest profit growth in nine quarters as costs bite Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

Bajaj to launch world's first CNG motorcycle

Bajaj Auto plans to launch the world's first commercially available CNG-powered bike, a move amidst the rising popularity of EVs. With its history of CNG three-wheelers, Bajaj aims to transfer this technology to motorcycles. Despite the potential for lower running costs and emissions, challenges remain in pricing, infrastructure, and market acceptance compared to electric alternatives.

https://www.thecore.in/top-stories/bajaj-wants-to-introduce-the-worlds-first-cng-bike-but-will-it-work-4506740?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

With CNG bikes, Bajaj Auto is trying to make history. At a time when electric vehicles are gaining popularity, the product isn't as promising as its rickshaws once were. First came the electric vehicles (EVs). And now, another clean energy alternative is offering itself as an option for two-wheeler owners. Compressed natural gas, known as CNG in common parlance, is being used to power a portfolio of bikes that Bajaj Auto is developing. CNG two-wheelers aren?t entirely unheard of, but this will be the first set of bikes that consumers can buy commercially. So far, state government-backed pilot projects that retrofitted CNG kits on scooters encountered several hiccups in performance, infrastructure issues and cost, which hindered wider adoption. Retrofitting typically involves modifying a vehicle to incorporate a new technology or component, such as adding a CNG kit to an internal combustion engine vehicle. A pioneer of CNG technology in India, Bajaj rolled out its first CNG three-wheelers in the early 2000s, soon after the Supreme Court?s 1998 directive for all public transport (buses, taxis, and auto-rickshaws) in Delhi to be made CNG-powered. In 2022, about 95,000 CNG auto rickshaws were running in Delhi. Today, the automaker leads the three-wheeler market, with a 67% market share in FY2024. And nearly three-fourths of its three-wheeler sales First came the electric vehicles (EVs). And now, another clean energy alternative is offering itself as an option for two-wheeler owners. Compressed natural gas, known as CNG in common parlance, is being used to power a portfolio of bikes that Bajaj Auto is developing. CNG two-wheelers arent entirely unheard of, but this will be the first set of bikes that consumers can buy commercially. So far, state government-backed pilot projects that retrofitted CNG kits on scooters encountered several hiccups in performance, infrastructure issues and cost, which hindered wider adoption. Retrofitting typically involves modifying a vehicle to incorporate a new technology or component, such as adding a CNG kit to an internal combustion engine vehicle. A pioneer of CNG technology in India, Bajaj rolled out its first CNG three-wheelers in the early 2000s, soon after the Supreme Courts 1998 directive for all public transport (buses, taxis, and auto-rickshaws) in Delhi to be made CNG-powered. In 2022, about 95,000 CNG auto rickshaws were running in Delhi. Today, the automaker leads the three-wheeler market, with a 67% market share in FY2024. And nearly three-fourths of its three-wheeler salesare driven by CNG variants. It is just a question of shifting their technology from three-wheelers to two-wheelers and trying to find the best and optimum usage, veteran auto expert and classic car restorer Tutu Dhawan toldThe Core. Not only have previous attempts at CNG two-wheeler prototypes by certain state governments failed, but Bajaj has also said that its CNG motorcycles will be priced higher than their petrol counterparts. With EVs rising in popularity and the wide gaps in CNG infrastructure, one wonders what led Bajaj down this path and whether its project will find success. CNG is cleaner emits less carbon dioxide and cheaper. Currently, in Delhi, CNG costs Rs 76.59 per kg compared to Rs 94.72 for a litre of petrol. This has prompted state governments across India to push for CNG adoption, which has even found some success. The highest rate of adoption still remains limited to commercial vehicles like taxis and rickshaws. CNG vehicles are a small share of the total vehicles sold in India and three-wheelers sales in the category are also slowing down, thanks to electrification. In FY24, about 3,03,817 of the total 9,86,797 three-wheelers sold were CNG (about 31%), while about 54% were EVs. CNG infrastructure is mostly limited to urban centres at the moment, with Gujarat and Maharashtra having the highest number of CNG stations. There are currently alittle over 6,000 CNG stations in the country. As EVs become more popular, Bajaj too, is investing heavily in its EV business. For FY2025, the company has set a capex of about Rs 800 crore, mostly for its three-wheeler plant, and its electric scooters under the Chetak brand. The companys CFO Dinesh Thapar toldThe Economic Times that investment in the CNG bike was not large and that the bulk of their capex was being spent on the capabilities and capacities of our electric business. But why then is Bajaj investing in CNGs?The Core reached out to the company and will update this story upon receiving a response. The company is developing a line of motorcycles, which promise good mileage, lower emissions and cost efficiency. According to industry speculation, the first bike, which will likely be launched in June, might be in the110-125 cc segment. Like all CNG vehicles, it is expected to have a bi-fuel option for CNG as well as petrol usage. In aninterview with CNBC-TV18, the companys CEO Rajiv Bajaj said that they observed 50% less CO2 emissions and a reduction of 50-65% in operating costs when comparing their CNG prototype to an internal combustion engine (ICE) vehicle. The lower operating cost also makes the bike a better option for mileage-conscious users, which Bajaj is targeting. As a fuel, CNG is cheaper, cleaner, and more efficient compared to other gasoline options[and] CNG two-wheelers will mean another fuel-variant option available with buyers, Anuj Sethi, Senior Director, CRISIL Ratings toldThe Core. In 2016, the Delhi government started a pilot project a CNG prototype of a Honda Activa was given to 30 delivery riders of a pizza chain. The project, however,failed to take off. Similarly, Maharashtra and Chandigarh also introduced CNG kits for two-wheeler scooters, which could be retrofitted, in 2017. For all three states, the kits were manufactured by two players either ITUK Manufacturing or Eco Fuel Systems Pvt Ltd (the Indian arm of Lovato), which had received approvals from the Automotive Research Association of India (ARAI). The kits for two-wheelers came with two cylinders of about 0.6-1.2 kg each, which could run up to 100km per kg. However, these prototypes didnt have many takers. In 2017, there were about25 CNG-fitted scooters in Mumbai. Theres no available data on how many scooters are present now. A three-wheeler CNG retrofitter in Mumbais Kandivali told The Core that two-wheeler users werent enticed because of the cost of fitment, the bulk of the cylinders, and issues like pickup. The Honda Activa CNG prototypes struggled with power in CNG mode and users were advised to use it in petrol mode for a few kilometres and then switch to CNG. Plus, the CNG cylinder, or tank, is an issue as well. You can't have it too big and you can't have it too small, Dhawan said. If it is small, you won't get the mileage, if it is big, it becomes bulky and expensive. So, you have to find the right balance. Theres also the infrastructure issue. One, CNG refilling centres are limited to certain areas. A user might be forced to shift to petrol mode, if they cant find a refilling centre. Two, these usually have long wait times, taking anywhere from 20 to 45 minutes to fill up a tank. This would be a significant pain point for a private user. EV users face long wait times for charging too, however, they have the option to charge their scooters at home. CNG users would not have this option. Lastly, one must take into account the cost. The cost of fitting a CNG kit for a two-wheeler is approximately Rs 15,000-20,000. The cost of Bajajs bike is also expected to be higher than petrol variants in the same segment. The company is banking on the fact that the lower cost of CNG, and subsequently the lower operating cost of the bike will be promising for the user. But with CNG costs higher, the difference may not be that great as compared to the operating cost of a petrol or diesel bike. Sethi pointed out that the cost of acquisition and cost-effectiveness (in terms of mileage, efficiency and maintenance), Bajajs CNG bikes is yet to be ascertained. [This] will influence the sales and future demand for this fuel-variant, he said. Theres been a global cooldown when it comes to EV demand, and therefore it may be wise to look at other clean fuel alternatives. But in India, EVs are still having a moment, especially two- and three-wheelers. Electric two-wheelers made up 60% of the overall EV sales in FY2024. This, despite the government slashing the FAME-II subsidy for electric two-wheelers in June 2023. Electric two-wheeler penetration is expected to grow exponentially, making up 60-70% of sales by 2030. This fiscal year, the government has extended incentives for electric two- and three-wheelers under the Electric Mobility Promotion Scheme 2024, after the FAME-II scheme ended in March 2024. This, coupled with increasing charging infrastructure, means that EVs not only pose stiff competition but could very well take the pie. Also Read: OEMs Like Tata Motors, Maruti Are Betting On Car Subscriptions, But Indians Are Still Hesitant With CNG bikes, Bajaj Auto is trying to make history. At a time when electric vehicles are gaining popularity, the product isn't as promising as its rickshaws once were.

EV CCS2 Charging Infra Witnesses Improvement In India

According to the report by ExperiencesWithEV, a research analysis firm that tracks the EV sector in India, Six months ago, there were 21 charge point operators (CPOs) with at least 15 charging guns in a state/UT. However, now there are 23 CPOs with at least 20 charging guns. The CCS2 charging points have risen in Haryana, Rajasthan, and Kerala

https://www.entrepreneur.com/en-in/growth-strategies/ev-ccs2-charging-infra-witnesses-improvement-in-india/473162?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media LLC Apr 24, 2024 Share Opinions expressed by Entrepreneur contributors are their own. While the private players in electric vehicle sector and government are pushing their limits to encourage the adoption of electric vehicles in India, charging infrastructure in the country has shown an improvement. Earlier the government revealed that there are only 12,146 public charging stations are operating in India, which sparked the concern over the achievement of its 30@30 target. However, the situation has changed and improved for a better. According to a report, the Combined Charging System (CCS2) is witnessing two-fold growth in a year. The CCS2 charging points have risen in states like Haryana, Rajasthan, Gujarat, Maharashtra, Karnataka, Telangana, Andhra Pradesh, Kerala, and Tamil Nadu. According to the report by ExperiencesWithEV, a research analysis firm that tracks the EV sector in India, Six months ago, there were 21 charge point operators (CPOs) with at least 15 charging guns in a state/UT. However, now there are 23 CPOs with at least 20 charging guns. Speaking on this, Amit Lakhotia, Founder & CEO, Park+ said that as India's services sector increasingly adopts EVs, it serves as a beacon of inspiration, demonstrating the immense potential for widespread opportunities in the increasingly interconnected EV ecosystem. "Incorporating electric vehicles (EVs) into India's services sector represents a transformative leap towards a greener and more sustainable future. As the leading EV charger installer in India, we have a front row seat to the current transformations happening in the Indian EV ecosystem. Most folks have a hard line between work and life. "It's just business," "I am a different person at work," etc. But what if we brought some of the beauty of the personal into the professional? Cuban put xAI's Grok and OpenAI's ChatGPT in a head-to-head contest following the presidential debate. Here's the bot that came out on top. Huang co-founded the now trillion-dollar AI chip maker Nvidia at a Denny's in San Jose, California, 31 years ago. Nvidia was founded in 1993 and went public in January 1999, first trading at $12 per share. This guide provides all the information you need to open and operate a successful restaurant. This lifetime subscription to Prism Drive Secure Cloud Storage makes saving files more affordable. . Entrepreneur and its related marks are registered trademarks of Entrepreneur Media LLC

Tesla Q1 profit drops 55% to $1.13 bn, revenue falls most since 2012

Elon Musk-led Tesla reported a 55% fall in its net profit from $2.51 billion to $1.13 billion year-over-year during the quarter between January and March. Its revenue fell 9%, its first drop since the pandemic in 2020 and the steepest it has seen since 2012. This comes amid layoffs at Tesla and several recalls of vehicles.

https://www.cnbctv18.com/market/earnings/tesla-q1-results-share-price-elon-musk-price-cuts-deliveries-production-low-cost-ev-2024-outlook-india-19401119.htm/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

News Popular Categories Trending Now Live TV Market quick Links Let's Connect with CNBCTV 18 Network 18 Group : TV18 Broadcast Limited. All rights reserved.

Honda Amaze gets just 2-star safety rating; Honda India responds

The Honda Amaze sub-compact sedan has seen a decline in its safety rating from four stars to two stars in the latest Global NCAP crash tests. Concerns have been raised regarding the sedan's ability to ensure the safety of child occupants, highlighting the need for enhanced safety features and standards in the automotive industry.

https://trak.in/stories/shocking-honda-amaze-gets-2-star-safety-rating-this-is-how-honda-has-responded/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Mohul Ghosh Apr 24, 2024 The Honda Amaze sub-compact sedan has recently undergone crash tests by the Global NCAP, resulting in a downgrade from its previous four-star safety rating to just two stars. This significant drop in safety rating has raised concerns about the sedans overall safety standards, particularly in terms of child occupant protection. Recent Test Results In the latest Global NCAP crash tests, the Honda Amaze scored poorly in the child occupant protection category, leading to its diminished safety rating. This marks a stark contrast from five years ago when the model received a commendable four-star rating. The tests were conducted under the new protocols introduced by Global NCAP in the previous year. Safety Concerns The Honda Amaze displayed inadequacies in ensuring the safety of child occupants during frontal impact tests. Issues such as poor protection of the childs head, chest, and neck were observed, particularly for children aged 1.5 years. The absence of essential safety features like three-point seat belts in all seats contributed to the sedans subpar performance in child occupant protection tests. Manufacturer Response Honda Cars responded to the latest safety rating of the Amaze sedan, citing the South Africa spec second-generation models previous four-star rating by GNCAP in 2019. The company highlighted that while the overall score remains at a five-star level, the absence of certain equipment such as Electronic Stability Control and Side Curtain Airbags resulted in the lower rating in the recent test. Safety Features and Specifications Despite the downgrade in safety rating, the Honda Amaze offers a range of standard safety features, including ABS with EBD, rear-view camera, child lock, anchor points for child seats, overspeed warning, and anti-theft engine immobilizer. However, the absence of additional safety features like ESC and side curtain airbags has impacted its overall safety assessment. Future Outlook The Honda Amaze remains a prominent offering in the Indian sedan market, alongside models like the City and City Hybrid. With the launch of the facelift version in 2021 and expectations of an updated version soon, Honda aims to address safety concerns and enhance the sedans overall appeal. The Amaze is available with two engine options a 1.2-liter petrol and a 1.5-liter diesel coupled with either a 5-speed manual or a CVT gearbox. Conclusion While the Honda Amaze continues to be a popular choice among sedan enthusiasts in India, its recent safety rating downgrade underscores the importance of prioritizing safety features and standards in automotive design and manufacturing. As consumers increasingly prioritize safety in their purchasing decisions, manufacturers must strive to address safety concerns and deliver vehicles that meet the highest safety standards set by organizations like Global NCAP. Previous article Next article Get latest news and views related to startups, tech and business Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.

Man raises alarm after wife's distressing Uber ride

He wrote on X, "Absolutely nonsense behaviour from @Uber_India cab driver. After driving for 1 km cab driver started asking for Rs 200 extra. My wife even pressed SOS button for help from Uber to fix this matter. It's been 2 days and not a single person from Uber care to know exactly why SOS was pressed. No follow-up."

https://www.indiatimes.com/amp/news/india/pressed-sos-button-twice-no-response-man-raises-alarm-after-wifes-distressing-uber-ride-632879.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

The Indiatimes.com Privacy Policy has been updated to align with the new data regulations in European Union. Please review and accept these changes below to continue using the website. We use cookies to ensure the best experience for you on our website. If you rely on the SOS button in cabs to feel safe and lower your guard, it might be wise to reconsider. A man recently shared a concerning experience where, despite pressing the SOS button, his wife received no response from Uber. Gajender Yadav expressed criticism towards Uber for not responding to his wife's two 'SOS' calls during a recent incident. Sharing his ordeal on X, Yadav wrote, "Absolutely nonsense behavior from @Uber_Support @Uber_India cab driver. After driving for 1 km....cab driver started asking for Rs 200 extra. My wife even pressed SOS button for help from Uber 2 fix this matter. It's been 2 days and not a single person from Uber care to know exactly why SOS was pressed. No follow up. That's the condition of UBER INDIA." Credit; X He added, "I can 100% sure they even won't care to check the matter even after this post. Passenger safety is a Joke to Uber." Uber India responded to the post, saying, "Hi, kindly confirm the amount of cash paid to the driver. We will follow up." But Yadav was not satisfied with the response and emphasised that it wasnt about the money, but about the "safety of passenger" instead. Uber's 8th annual Lost & Found Index is out | Image: Unsplash After subsequent calls, they were finally able to get to the root of the situation - The SOS button indeed does not work and the way to get help is by dialing the number 8800688666. Yadav posted, "Dial 8800688666 incase you face any problem regarding your SAFETY & u will be connected with some1 from Safety department of UBER. My call connected within 1 min. The SOS button in cab is installed by third party as informed by Uber executive & it may or may not work. Specially took a ride to test run this Safety Helpline Number. It's working." Check out his post below: Similar situations surfaced in the comments, with individuals recounting comparable experiences. One said, "I was told by a Uber driver that the sos button is only for show and it does not work... He even pressed it two times in front of me and nothing happened." Another said, "I faced the same couple of years back. They simply refund and not do anything..while the driver will say jo ukhadna h ukhad lo.. chaiye to gar ka address b dedu." For more on news and current affairs from around the world, please visitIndiatimes News. We keep you updated with the latest happenings from India and across the globe. Whether it's something quirky, emotional, inspiring, or informative we've got you covered. Get the NEWS that fits your groove.

IEA: Over 20% of global car sales to be electric

More than one in five cars sold worldwide this year is expected to be electric, with surging demand projected over the next decade set to remake the global auto industry and significantly reduce oil consumption for road transport, the new edition of the IEA`s (International Energy Agency) annual Global Electric Vehicle Outlook said on Tuesday.

https://investmentguruindia.com/newsdetail/more-than-one-in-five-cars-sold-worldwide-is-expected-to-be-electric-iea-s-international-energy-agency-annual-global-electric-vehicle-outlook-253930?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

South Korea`s pharmaceutical, biotechnology exports surge 55 pc in H1 More than one in five cars sold worldwide is expected to be electric: IEA`s (Intern... US-led pact on supply chains to come into force in S. Korea next week India records 17 pc jump to become 4th largest exporter of digital services Naver Cloud joins Intel to create AI chip ecosystem Big companies increased R&D investment in S. Korea in 2023 NODWIN Gaming partners with Intel and 6 other firms for DreamHack India Indian gaming platform WinZO enters Brazil amid 400% GST hike Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel More than one in five cars sold worldwide this year is expected to be electric, with surging demand projected over the next decade set to remake the global auto industry and significantly reduce oil consumption for road transport, the new edition of the IEAs (International Energy Agency) annual Global Electric Vehicle Outlook said on Tuesday. The Outlook finds global electric car sales are set to remain robust in 2024, reaching around 17 million by the end of the year. In the first quarter, sales grew by about 25 per cent compared with the same period in 2023 -- similar to the growth rate seen in the same period a year earlier, but from a larger base. The number of electric cars sold globally in the first three months of this year is roughly equivalent to the number sold in all of 2020. In 2024, electric car sales in China are projected to leap to about 10 million, accounting for about 45 per cent of all car sales in the country. In the US, roughly one in nine cars sold are projected to be electric -- while in Europe, despite a generally weak outlook for passenger car sales and the phase-out of subsidies in some countries, electric cars are still set to represent about one in four cars sold. This growth builds on a record-breaking 2023. Last year, global electric car sales soared by 35 per cent to almost 14 million. While demand remained largely concentrated in China, Europe and the US, growth also picked up in some emerging markets such as Vietnam and Thailand, where electric cars accounted for 15 per cent and 10 per cent, respectively, of all cars sold. Substantial investment in the electric vehicle (EV) supply chain, ongoing policy support, and declines in the price of EVs and their batteries are expected to produce even more significant changes in the years to come. The Outlook finds that under the policy settings, every other car sold globally is set to be electric by 2035. Meanwhile, if countries announced energy and climate pledges are met in full and on time, two in three cars sold would be electric by 2035. In this scenario, the rapid uptake of electric vehicles -- from cars to vans, trucks, buses, and two- and three-wheelers -- avoids the need for around 12 million barrels of oil per day, on a par with current demand from road transport in China and Europe combined. The continued momentum behind electric cars is clear in our data, although it is stronger in some markets than others, said IEA Executive Director Fatih Birol. Rather than tapering off, the global EV revolution appears to be gearing up for a new phase of growth. The wave of investment in battery manufacturing suggests the EV supply chain is advancing to meet automakers ambitious plans for expansion. As a result, the share of EVs on the roads is expected to continue to climb rapidly. Based on todays policy settings alone, almost one in three cars on the roads in China by 2030 is set to be electric, and almost one in five in both the US and European Union. This shift will have major ramifications for both the auto industry and the energy sector. The report finds that manufacturers have taken major steps to deliver on the strengthening EV ambitions of governments, including by making significant financial commitments. Thanks to high levels of investment over the past five years, the worlds capacity to produce batteries for EVs is well positioned to keep up with demand, even as it rises sharply over the next decade. The pace of the transition to EVs may not be consistent and will hinge on affordability, the report emphasises. In China, more than 60 per cent of electric cars sold in 2023 were already less expensive to buy than their conventional equivalents. However, in Europe and the US, the purchase prices for cars with internal combustion engines remained cheaper on average, though intensifying market competition and improving battery technologies are expected to reduce prices in the coming years. Even where upfront prices are high, the lower operating costs of EVs mean the initial investment pays back over time. Centre launches Rs 29,610cr scheme to spur growth in dairy sector MKP Mobility touches roof on acquiring 49% stake in CMR-Kataria Recycling Indian gaming platform WinZO enters Brazil amid 400% GST hike Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

Tata Motors will spend Rs 84,000 cr for making Land Rover in India

Tata Motors is set to invest in a new $1 billion plant in Tamil Nadu to manufacture Jaguar Land Rover luxury cars, aiming to strengthen its presence in the Indian automobile market. This expansion move reflects Tata Motors' commitment to growth and innovation in the industry. Around 5000 new jobs will be generated due to this investment.

https://trak.in/stories/tata-motors-will-invest-rs-84000-crore-for-making-jaguar-land-rover-in-india-5000-jobs-to-be-generated/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Mohul Ghosh Apr 23, 2024 Tata Motors, the Indian automotive giant, is gearing up to manufacture Jaguar Land Rover (JLR) luxury vehicles at a new facility in Tamil Nadu. The planned investment for this plant is estimated to be around $1 billion or Rs 84,000 crore, reflecting Tata Motors commitment to expanding its presence in the Indian automobile market. Investment in Expansion In March, Tata Motors announced its intention to invest in a new manufacturing facility in Tamil Nadu, marking a significant expansion move for the company. With an investment of Rs 9,000 crore, this expansion plan aims to strengthen Tata Motors foothold in India, the worlds third-largest automobile market. The agreement was formalized with the Tamil Nadu government through a memorandum of understanding signed in Chennai. Creating Employment Opportunities The upcoming plant, expected to be located in the Ranipet district near Vellore, will be Tata Motors second manufacturing unit in southern India, complementing the existing facility in Dharwad, Karnataka. It is anticipated that the Ranipet plant will create job opportunities for approximately 5,000 individuals, contributing to economic growth and development in the region. Previous article Next article Get latest news and views related to startups, tech and business Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.

India top 5 electric cars under Rs 15 lakh you can buy right now

Amidst rising environmental consciousness and fuel costs, the global trend towards electric vehicles (EVs) gains momentum, particularly in India. Prospective buyers now want affordable options under Rs 15 lakh. Checkout India's best electric cars under Rs 15 lakh such as Tata Punch EV, Citroen eC3, and Tata Nexon EV and more.

https://trak.in/stories/indias-best-electric-cars-priced-under-rs-15-lakh-you-can-buy-right-now/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Sheetal Bhalerao Apr 23, 2024 Considering the environmental concerns and rising fuel prices, there is a notable surge in the global shift towards electric vehicles across the globe including India. The increasing number of consumers are choosing electric vehicles as a viable alternative to traditional petrol and diesel cars. But, it appears that the cost remains a significant barrier for prospective EV owners. But now this segment has many prospective options which are priced under Rs 15 lakh and available in India. Lets explore these choices as it could turn out to be your ultimate guide for affordable electric cars in India under a fifteen lakh budget. 1. Tata Punch EV As the name suggests, it is an electric version of the popular Tata micro-SUV model Punch. The vehicle is powered by a 35 kWh battery that can run up to 421 km on a full charge. Punch EV has a starting price at Rs 10.99 lakh, which makes it a good option for EV enthusiasts seeking an affordable model. 2. Citroen eC3 This model is admired for its distinctive design and comfortable ride which is built by French automaker Citroen. This electric hatchbacks price starts at Rs 11.5 lakh and is available in four variants. It is powered by a 29.2 kWh battery which offers a range of 320 kilometers on a single charge. Besides this, the ev features a 10.25-inch infotainment touchscreen with wireless Apple CarPlay and Android Auto Connectivity. This EV is featured in the Sedan segment and received a 4-star rating in the Global NCAP safety test. It is known for its practicality and affordability and is a compact electric sedan equipped with a 26-kWh battery pack, providing a range of up to 315 kilometers on a single charge. It is priced at Rs 12.49 lakh while offering a spacious cabin, a popular choice among budget-conscious buyers. MG Motor launched Comet in India during 2023 in the compact electric car category which is available in five different color variants. This model is priced at Rs 6.99 lakh onwards featuring a 17.3 kWh battery pack hence offering a range of 230 kilometers on a single charge. This four-seater electric vehicle perfectly blends performance, range, and advanced features, further strengthening MGs electric vehicle lineup and is powered by a 42-hp motor. 5. Tata Tiago EV This appears to be an electric variant of the popular compact hatchback Tata Tiago. It is equipped with a 24-kWh battery pack, delivering a range of up to 306 kilometers on a single charge. The vehicle comes with a practical design and affordable pricing ranging from Rs 7.99 lakh to Rs 11.99 lakh. This makes Tiago EV an ideal choice for urban commuters seeking an economical electric mobility solution. This is the upgraded version of the best-selling electric SUV, Tata Nexon EV. Tata Nexon EV prices start at Rs 14.49 lakh and are powered by a 40.5 kWh lithium-ion battery. This vehicle goes up to 465 kilometers on a single charge. For safety, this EV is equipped with 6 airbags for enhanced safety and a spacious cabin with modern amenities. Previous article Next article Get latest news and views related to startups, tech and business Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.

India's Hero MotoCorp launches assembly unit in Nepal

Hero MotoCorp announced the opening of a new assembly facility in Nepal in collaboration with CG Motors. The facility, located at the CG Industrial Park in Nawalparasi, has an annual capacity of 75,000 units. The assembly unit will focus on the Xpulse 200 4V and Super Splendor motorcycles, the Splendor+ motorcycle, and the Xoom 110 scooter.

https://indianstartupnews.com/news/hero-motocorp-launches-assembly-unit-in-nepal-4503253?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

0 Share this article If you liked this article share it with your friends.they will thank you later

Tata Motors rides high on launching new Tata Magic Bi-Fuel variant

Tata Motors is currently trading at Rs. 971.60, up by 8.40 points or 0.87% from its previous closing of Rs. 963.20 on the BSE.Scrip opened at Rs. 979.40, high Rs. 979.40, low Rs. 965.95. 476417 shares traded.Tata Motors has achieved milestone of 4 lakh happy customers of the Tata Magic - India`s most preferred van.

https://investmentguruindia.com/newsdetail/tata-motors-rides-high-on-launching-new-tata-magic-bi-fuel-variant357540?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Kalyan Jewellers India soars on reporting 27% consolidated revenue growth in Q1FY25 Dhanlaxmi Bank rises on reporting 6% growth in gross advances in Q1FY25 Mahindra Lifespace climbs on closing two deals worth Rs 2050 crore in Mumbai, Benga... Punjab National Bank surges on reporting 10% rise in global business during Q1FY25 IDBI Bank gains on reporting 15% rise in total business during Q1FY25 Advait Infratech zooms on securing letter of intent worth Rs 158.90 crore Quick Heal Technologies rises on partnering with NewJaisa Technologies Sanghvi Movers jumps on incorporating wholly owned subsidiary Satin Creditcare Network inches up on raising Rs 50 crore through NCDs FSN E-Commerce Ventures rises as its arm incorporates wholly owned subsidiary in Qatar Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Tata Motors is currently trading at Rs. 971.60, up by 8.40 points or 0.87% from its previous closing of Rs. 963.20 on the BSE. The scrip opened at Rs. 979.40 and has touched a high and low of Rs. 979.40 and Rs. 965.95 respectively. So far 476417 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1065.60 on 05-Mar-2024 and a 52 week low of Rs. 467.20 on 21-Apr-2023. Last one week high and low of the scrip stood at Rs. 1006.95 and Rs. 943.95 respectively. The current market cap of the company is Rs. 323017.57 crore. The promoters holding in the company stood at 46.36%, while Institutions and Non-Institutions held 35.34% and 18.30% respectively. Tata Motors has achieved milestone of 4 lakh happy customers of the Tata Magic - Indias most preferred van. On the momentous occasion, the company has introduced a new variant, the Magic Bi-Fuel, to further increase the convenience of its customers. Renowned for its reliability, efficiency and affordability in the last-mile transportation, the 10-seater Tata Magic has been the ideal choice of commuters and operators. The sleek design, safety and passenger comfort of the Tata Magic have been pivotal to its continued successes over the years. The Tata Magic comes equipped with an array of value-added features such as an Eco switch, gearshift advisor and enhanced driver ergonomics, all aimed at reducing the total cost of ownership. The Magic is perfectly suited for student and staff transportation, and last-mile mobility. The Magic-Bi-Fuel is powered by a 694cc engine and comes with 60-litre CNG tank along with 5-litre petrol tank, with a cumulative range of around 380 kilometres on a single fill. Offering unparalleled performance and low maintenance costs, the Magic comes with an exceptional warranty of 2 years or 72,000 km. Tata Motors is Indias largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. HDFC Bank`s mobile app down, bank says `looking on priority` Stock Picks : Tata Motors Ltd And Indraprastha Gas Ltd Data Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

Pavna Industries surges on OLA Electric agreement.

Pavna Industries is currently trading at upper limit of Rs. 561.40, up by 26.70 points or 4.99% from its previous closing of Rs. 534.70 on the BSE.The scrip opened at Rs. 545.40 and has touched a high and low of Rs. 561.40 and Rs. 533.75 respectively. So far 4277 shares were traded on the counter.

https://investmentguruindia.com/newsdetail/pavna-industries-touches-roof-on-inking-agreement-with-ola-electric913690?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Kalyan Jewellers India soars on reporting 27% consolidated revenue growth in Q1FY25 Dhanlaxmi Bank rises on reporting 6% growth in gross advances in Q1FY25 Mahindra Lifespace climbs on closing two deals worth Rs 2050 crore in Mumbai, Benga... Punjab National Bank surges on reporting 10% rise in global business during Q1FY25 IDBI Bank gains on reporting 15% rise in total business during Q1FY25 Advait Infratech zooms on securing letter of intent worth Rs 158.90 crore Quick Heal Technologies rises on partnering with NewJaisa Technologies Sanghvi Movers jumps on incorporating wholly owned subsidiary Satin Creditcare Network inches up on raising Rs 50 crore through NCDs FSN E-Commerce Ventures rises as its arm incorporates wholly owned subsidiary in Qatar Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Pavna Industries is currently trading at upper limit of Rs. 561.40, up by 26.70 points or 4.99% from its previous closing of Rs. 534.70 on the BSE. The scrip opened at Rs. 545.40 and has touched a high and low of Rs. 561.40 and Rs. 533.75 respectively. So far 4277 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 640.05 on 10-Jan-2024 and a 52 week low of Rs. 265.00 on 25-Jul-2023. Last one week high and low of the scrip stood at Rs. 561.40 and Rs. 502.50 respectively. The current market cap of the company is Rs. 683.83 crore. The promoters holding in the company stood at 70.44%, while Non-Institutions held 29.56% stake in the company. Pavna Industries has inked an agreement with OLA Electric to supply ignition switches and latches. This contract further consolidates the companys foray into the two-wheeler electric vehicle segment. Under this agreement, Pavna Industries commits to providing high-quality ignition switches and latches to OLA Electric across its manufacturing plants in India. Ola Electric Mobility, headquartered in Bengaluru, is India's largest electric two-wheeler manufacturer, renowned for its commitment to sustainability and innovation. It has been playing an instrumental role in driving EV adoption and penetration in India. This agreement highlights Pavnas dedication to meeting the demands of the modern automotive industry while further solidifying its position as a leading Indian automotive parts manufacturer. Pavna Industries along with its subsidiaries is engaged in the business of manufacturing of automotive parts, providing solutions for automobile applications and serving automobile & other applications worldwide. Mobile industry raises demand for GST rate cut in Budget MKP Mobility touches roof on acquiring 49% stake in CMR-Kataria Recycling Antony Waste Handling Cell Limited: Q3FY24 Results Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

Teslas can float: Musk on video of user driving Tesla in Dubai floods

Tesla CEO Elon Musk reacted to an X user who shared a video of a Tesla Model Y driving through flood waters in Dubai. "Literally we were floating for a few minutes, right?" a passenger of the car was heard saying in the video, sharing which the X user wrote, "Boat mode activated." "A Tesla can float briefly," Musk said.

https://youtu.be/MgLzayMxlgs?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Hyundai signs 174-MW renewable energy deal for US EV plant.

The 15-year PPA with the Matrix Renewables-led Stillhouse Solar Project from 2025 to 2040 will be used to operate Hyundai Motor Group Metaplant America, the South Korean auto giant's first dedicated EV mass production plant in the North American country, currently under construction in the state of Georgia.

https://investmentguruindia.com/newsdetail/hyundai-motor-signs-174-mw-renewable-energy-deal-for-ev-plant-in-us189986?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Tata Power launches rooftop solar initiative for homes in UP Honda India Foundation (HIF) signs MOU with Marriot Group of Hotels Accel to host India`s largest Cybersecurity Summit on July 25 Bajaj Auto launches world's first CNG-powered motorcycle `Freedom 125` Government makes ISI mark mandatory for steel & aluminium utensils to ensure safety... After Eiffel Tower, UPI goes live at another location before Paris Olympics After Apple, Google set to manufacture Pixel phones in India Over 9 bn eSIM-capable devices to be shipped by 2030 globally CREDAI - COLLIERS Developer Sentiment Survey `24 : More than 50% of Developers Seek... India ranks 3rd in fintech funding globally in Jan-June period Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Hyundai Motor Group said on Monday it has signed a 174-megawatt power purchase agreement (PPA) with a solar energy project led by Spain's Matrix Renewables to power its envisioned electric vehicle (EV) plant in the United States with renewable energy. The 15-year PPA with the Matrix Renewables-led Stillhouse Solar Project from 2025 to 2040 will be used to operate Hyundai Motor Group Metaplant America, the South Korean auto giant's first dedicated EV mass production plant in the North American country, currently under construction in the state of Georgia. The energy will also be used in the electrification-related operations of Hyundai Mobis' North American business and Hyundai Steel's production plant in Georgia, reports Yonhap news agency. According to Hyundai, the deal marks the biggest PPA signed by a South Korean company for the use of renewable energy at its US facilities. Financial terms weren't disclosed. Hyundai said the expected carbon reduction effect through the deal amounts to approximately 140,000 tonnes annually, which roughly amounts to the carbon emissions from around 84,000 midsize sedans over the course of one year. "This contract marks a significant step for the group in securing renewable energy power," a Hyundai Motor official said, adding that the group will further invest in the transition to renewable energy for its U.S. facilities in the future. Indian shares break recent rally to settle lower ahead of RBI policy MKP Mobility touches roof on acquiring 49% stake in CMR-Kataria Recycling BMW Group India logs growth in car and motorcycle sales in Q1 Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

New Maruti Suzuki Swift: Unofficial Bookings Begin

Maruti Suzuki is gearing up for the highly anticipated launch of the all-new Swift in May 2024. This marks the arrival of the fourth generation of the popular hatchback in the Indian market. Maruti Suzuki dealerships have unofficially begun accepting bookings for the new Swift, with an initial payment of Rs 11,000. Deliveries are expected to commence next month.

https://newskarnataka.com/business/industry/new-maruti-suzuki-swift-unofficial-bookings-begins/20042024?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Taiwan reported renewed Chinese military activity on Friday, including a Following the successful block of X (formerly Twitter) for over Australian police announced on Thursday that they had located human Jay Shahs leadership and unwavering support were instrumental in Indias triumphant campaign at the ICC Mens T20 WC 2024. After In a world of constant distractions, boosting work focus is crucial. One unexpected solution gaining attention is playing online games The evolution of analog to digital gaming has been nothing short of revolutionary, unleashing boundless possibilities for players around the

Elon Musk defers India visit to later this year

Tesla CEO Elon Musk said on Saturday that his visit to India had been delayed due to the company's heavy obligations. Musk, who was supposed to be visiting India in the fourth week of April, hinted that he might visit the country later this year. Earlier this month, Elon Musk had confirmed his proposed visit to India.

https://thefederal.com/category/news/elon-musk-says-india-visit-delayed-due-to-tesla-obligations-118670?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

New Delhi, Apr 20 (PTI) Tesla CEO Elon Musk said on Saturday that his visit to India had been delayed due to the company's heavy obligations. Musk, who was supposed to be visiting India in the fourth week of April, in a post on X, said, "Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting this year". Earlier this month, Musk had confirmed his proposed visit to India, saying he was looking forward to meeting Prime Minister Narendra Modi. PTI

Woman smashes windscreen of Lamborghini while dancing on its roof

In the latest addition to this digital frenzy, a woman's daring rooftop dance atop a Lamborghini quickly escalated into a spectacle, culminating in a dramatic climax as she inadvertently smashed the car's windshield. The video, capturing the adrenaline-fueled escapade, swiftly garnered attention across various online platforms, sparking debates and drawing mixed reactions from viewers worldwide.

https://www.indiatimes.com/amp/trending/wtf/woman-smashes-windshield-while-dancing-on-lamborghinis-roof-632660.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

The Indiatimes.com Privacy Policy has been updated to align with the new data regulations in European Union. Please review and accept these changes below to continue using the website. We use cookies to ensure the best experience for you on our website. Viral Video:In the era of social media, viral videos have become synonymous with moments of outrageous antics and unexpected twists. In the latest addition to this digital frenzy, a woman's daring rooftop dance atop a Lamborghini quickly escalated into a spectacle, culminating in a dramatic climax as she inadvertently smashed the car's windshield. The video, capturing the adrenaline-fueled escapade, swiftly garnered attention across various online platforms, sparking debates and drawing mixed reactions from viewers worldwide. While some hailed the woman's audacious spirit as a testament to living on the edge, others condemned the reckless behavior and its potential consequences. Beyond its entertainment value, the incident has ignited discussions about the boundaries of personal expression in the digital age and the ramifications of seeking fleeting moments of fame at any cost. As the video continues to circulate and ignite discourse, it serves as a reminder of the power, allure, and pitfalls of internet virality in today's hyper-connected society. Woman smashes Lamborghini's windshield while dancing on the roof | Image: Reddit In the digital age dominated by social media, influencers, and content creators frequently produce TikTok videos or Instagram reels in public settings. Seeking viral fame, many creators resort to risky or unusual acts. One recent example surfaced on various social media platforms, showing a woman causing damage to a Lamborghini's windshield while dancing atop the vehicle. Woman smashes Lamborghini's windshield while dancing on the roof | Image: Reddit Initially shared on Reddit, the video showcases the woman, clad in a pink tube top and white skater skirt, ascending the hood of a blue Lamborghini before reaching its windshield and climbing onto its roof. The windshield shatters as she steps onto the roof, leaving a significant crack in the glass. Woman smashes Lamborghini's windshield while dancing on the roof | Image: Reddit Although she momentarily appears startled, she continues her dance routine unabated. The Reddit post accompanying the video questions the motivations behind such actions, pondering why individuals engage in potentially harmful behavior solely for the sake of garnering views and likes. You can watch the viral video on Reddit posted by EthanthegamerGD. Also read: Watch: Tigress Is Chilling In Jungle Stream Of Tamil Nadu's Mudumalai Tiger Reserve To Beat The Scratching Heat The widely circulated video that has gained significant attention has sparked anger among numerous individuals, who express discomfort at witnessing the damage inflicted upon an expensive vehicle. Concurrently, some question the ease with which the car's window seemed to break under the woman's weight. Furthermore, some viewers have raised suspicions about the video's authenticity, speculating that it might have been staged. These varied responses highlight the emotional impact of witnessing such destruction and the skepticism surrounding the circumstances depicted in the viral footage. Also read:Hard Work Payoff: Man Poses For A Selfie With His New Auto-Rickshaw Internet reacts to Woman smashes Lamborghini's windshield while dancing on the roof | Image: Reddit Internet reacts to Woman smashes Lamborghini's windshield while dancing on the roof | Image: Reddit What do you think about it? Do let us know in the comments. We bring you news from the wonderland - where the mundane takes a backseat and the extraordinary reigns supreme! Dive into a kaleidoscope of viral oddities and offbeat trends that'll leave you scratching your head one moment and doubling over with laughter the next! Get the NEWS that fits your groove.

EVs unlikely to make profits at unit level despite PLI: Bajaj Auto

Bajaj Auto CFO Dinesh Thapar said electric vehicles (EVs) are still a long way from being profitable at unit level, even with the Centre's Production Linked Incentive (PLI) scheme. Thapar said the company hasn't bridged the gap completely, even with cost rationalisation and alternate sourcing. The price reduction to make the EV more affordable is outrunning cost reduction, he added.

https://www.moneycontrol.com/news/business/earnings/evs-unlikely-to-be-profitable-at-unit-level-even-after-pli-bajaj-auto-12671531.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

The EV two-wheeler is still long away from being profitable at unit level even with the Production Linked Incentive Scheme (PLI), said Dinesh Thapar, Chief Financial Officer of Bajaj Auto. Will PLI, in the case of electric two-wheeler, lead to unit level profitability? The answer is no. We are still some distance away, Thapar said in the conference call after the company posted its Q4 results. Thapar said with cost rationalization and alternate sourcing, the company is bridging the gap. But added that they havent completely filled the gap, even for EV three wheeler. There will be leverage benefits that will help the unit economics as volumes grow up. But the most fundamental piece is the price said Thapar. The company explains that pricing has played a role in the unit economics not being profitable. The price reduction to make the EV more affordable is outrunning the cost reduction. Thapar pointed out that pricing has come off over last four quarters and it is essentially front running the cost reduction, which will play out over a period of time. He said the unit profitability will get better assuming the price point stays where it is and when cost reduction benefits play over time. In its Q4 results, Bajaj Auto reported an 18 percent jump in its net profit to Rs 2,011.43 crore. The pune based auto makers revenue went up to Rs 11,249.8 crore for the January-March quarter this year, up by 30 percent from Rs 8,660 crore during the same period last year. The company also announced a dividend of Rs 80 per share (800 percent) of face value of Rs 10 each on equity share.

Tata to import Jaguar Land Rover EVs to India: Sources

India's Tata Motors plans to import its Jaguar Land Rover (JLR) luxury electric cars under a new government policy that lowers import taxes for companies agreeing to set up local manufacturing, two Indian government sources said.Tata had originally pressed the Indian government not to lower duties to protect the domestic industry.

https://investmentguruindia.com/newsdetail/tata-plans-jaguar-land-rover-ev-imports-to-india-under-new-policy-sources-say922560?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Tata Power launches rooftop solar initiative for homes in UP Honda India Foundation (HIF) signs MOU with Marriot Group of Hotels Accel to host India`s largest Cybersecurity Summit on July 25 Bajaj Auto launches world's first CNG-powered motorcycle `Freedom 125` Government makes ISI mark mandatory for steel & aluminium utensils to ensure safety... After Eiffel Tower, UPI goes live at another location before Paris Olympics After Apple, Google set to manufacture Pixel phones in India Over 9 bn eSIM-capable devices to be shipped by 2030 globally CREDAI - COLLIERS Developer Sentiment Survey `24 : More than 50% of Developers Seek... India ranks 3rd in fintech funding globally in Jan-June period Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel India's Tata Motors plans to import its Jaguar Land Rover (JLR) luxury electric cars under a new government policy that lowers import taxes for companies agreeing to set up local manufacturing, two Indian government sources said. Tesla is also expected to start importing its cars to India and make an investment in the country, Reuters has reported, but Tata's plan if realised would make it the first local carmaker to opt for the policy designed to increase use of electric vehicles (EVs). A Tata spokesperson declined to comment on what it said was speculation. The policy announced in March cuts import taxes to 15% from as high as 100% on some EV models if a carmaker invests at least $500 million and sets up a domestic factory within three years. Tata had originally pressed the Indian government not to lower duties to protect the domestic industry. Now, Tata and JLR are discussing the possibility of applying for incentives under the EV policy, said a third source aware of the company's plans, adding that deliberations are at an early stage. "Tata wants to import JLR (EVs) under this new policy," said one of the two government sources, who declined to be named as the company plans are confidential. While Tata is firming up plans to import JLR EVs from the United Kingdom, it is also planning to manufacture JLR cars at a planned $1 billion plant in the southern state of Tamil Nadu. It remains unclear which JLR cars Tata will make there. The Indian government met with car industry representatives on Thursday to begin finalising a framework for the policy, the official said. The meeting was attended by Hyundai Motor Co, Vinfast, Volkswagen, BMW, Mercedes, Maruti Suzuki, Mahindra and Mahindra, Toyota Motor Co and others. A Tesla representative was also present. The official said at least another couple of meetings would follow. Tata dominates India's small but growing EV market. Electric models made up about 2% of total car sales in 2023, with the government targeting 30% by 2030, even as demand in key markets such as the United States and China is slowing. Centre releases Rs 40K cr to states in lieu of GST compensation shortfall Stock Picks : Tata Motors Ltd And Indraprastha Gas Ltd Data Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

Bajaj Auto Q4 net profit: Rs 2,011 crore; dividend Rs 80/share

Two-wheeler major Bajaj Auto on Thursday reported a consolidated net profit of Rs 2,011 crore for the fourth quarter of 2023-24, up from Rs 1,704.74 crore during the same period of the previous year.The bike maker posted a revenue of Rs 11,554.95 crore in the January-March quarter, up from Rs 9,192.73 crore during the same period last year.

https://investmentguruindia.com/newsdetail/bajaj-auto-s-net-profit-rises-to-rs-2-011-crore-in-q4-declares-dividend-of-rs-80-per-share140288?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Kalyan Jewellers India soars on reporting 27% consolidated revenue growth in Q1FY25 Dhanlaxmi Bank rises on reporting 6% growth in gross advances in Q1FY25 Mahindra Lifespace climbs on closing two deals worth Rs 2050 crore in Mumbai, Benga... Punjab National Bank surges on reporting 10% rise in global business during Q1FY25 IDBI Bank gains on reporting 15% rise in total business during Q1FY25 Advait Infratech zooms on securing letter of intent worth Rs 158.90 crore Quick Heal Technologies rises on partnering with NewJaisa Technologies Sanghvi Movers jumps on incorporating wholly owned subsidiary Satin Creditcare Network inches up on raising Rs 50 crore through NCDs FSN E-Commerce Ventures rises as its arm incorporates wholly owned subsidiary in Qatar Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Two-wheeler major Bajaj Auto on Thursday reported a consolidated net profit of Rs 2,011 crore for the fourth quarter of 2023-24, up from Rs 1,704.74 crore during the same period of the previous year. The bike maker posted a revenue of Rs 11,554.95 crore in the January-March quarter, up from Rs 9,192.73 crore during the same period last year. The companys board approved a dividend of Rs 80 per share of face value of Rs 10 each on equity shares for the financial year ended March 31, 2024, according to its stock exchange filing. The shares of Bajaj Auto rose 1.61 per cent to Rs 9,062 on the BSE on Thursday before the fourth quarter results were announced. NDTV clocks 59 per cent revenue growth in Q4, digital traffic jumps 39 per cent Bajaj Auto launches world's first CNG-powered motorcycle `Freedom 125` Profit booking seen after a sharp rally over last three sessions Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

Hyundai, Kia's Q1 sales in Europe drop 1.3 pc year-on-year

The combined vehicle sales of South Korea's leading automakers Hyundai Motor and Kia fell 1.3 per cent from a year ago in the first quarter (Q1) of 2024 in Europe, industry data showed on Thursday.Hyundai Motor's sales rose 1.3% to 135,281 units, while Kia's fell 3.6% to 143,151 units, per Yonhap News Agency.

https://investmentguruindia.com/newsdetail/hyundai-kia-s-q1-sales-in-europe-drop-1-3-pc-year-on-year993006?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

South Korean regulator asks Chinese e-commerce platforms` for business data Iran urges SCO countries to use its southern ports for faster and cheaper trade Samsung sets up development team for high bandwidth memory chips Hyundai`s all-electric Casper SUV`s production to begin this month World Bank classifies Mongolia as upper middle income country Hyundai Motor, LGES complete building EV battery plant in Indonesia Top North Korean leader says economy shows `definite upturn` this year ESGRC platform Xcelerate secures $52 mn to fuel inorganic growth, APAC expansion Afghan central bank auctions $15 mn to stabilise local currency SK Group chairman meets with CEOs of Amazon, Intel Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel The combined vehicle sales of South Korea's leading automakers Hyundai Motor and Kia fell 1.3 per cent from a year ago in the first quarter (Q1) of 2024 in Europe, industry data showed on Thursday. According to data from the European Automobile Manufacturers' Association both automakers sold a combined 2,78,432 units in Europe during the January-March period, down 1.3 per cent from the same period last year. The data showed Hyundai Motor's sales inched up 1.3 per cent to 1,35,281 units, while that of Kia dropped 3.6 per cent to 1,43,151 units, reports Yonhap News Agency. The combined market share of Hyundai and Kia for Q1 in Europe stood at 8.2 per cent, down 0.5 percentage points from last year. For March alone, the combined sales of the companies fell 5.6 per cent on-year to 1,12,692 units. Sales of Hyundai declined 5.2 per cent to 53,357 units, and that of Kia shed 5.9 per cent to 59,335 units. Meanwhile, Hyundai Motor and Kia have entered into a strategic partnership with leading battery company Exide Energy, as part of their electric vehicle expansion plans in India. India`s pension regulator proposes bringing gig workers into pension fold -chairman South Korean regulator asks Chinese e-commerce platforms` for business data Apple's India iPhone output hits $14 billion, Bloomberg News reports Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

Hi-tech firms coming to India shows our policies are correct: FM

Finance Minister Nirmala Sitharaman, while talking about Tesla possibly setting up a factory in India, told CNBC-Awaaz that hi-tech companies coming to India means Indian government's policies are correct. "We're openly inviting everyone to come and manufacture in India," she said. "The environment here is conducive, our youth are skilled...and India offers all facilities at low costs," she added.

https://www.moneycontrol.com/news/business/tesla-entry-boosts-india-appeal-as-global-manufacturing-hub-fm-nirmala-sitharaman-12668721.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Finance Minister Nirmala Sitharaman has reiterated Govt's priority to make India a global manufacturing hub and invite manufacturers and entrepreneurs to make in India. In an exclusive interaction with CNBC-Awaaz, the Finance Minister underscored India's skilled manpower and cost advantage as an attractive proposition for global giants to set up manufacturing base in India. When specifically asked if the entry of Elon Musk's Tesla Inc will add to India's appeal as a manufacturing hub, Finance Minister Sitharaman said, "Certainly. We welcome all companies and entrepreneurs from across the world to come and Make in India, as the environment is conducive, the youth is skilled and manufacturing here is a cost-effective proposition." Finance Minister Sitharaman added, "If a big manufacturing giant shows interest in manufacturing in India, it gives a positive boost to the manufacturing environment here. If hi-tech companies are coming to India, it means our policies are correct and it is in India's interest as well to export overseas." Shares of several auto ancillary companies have noted a rise in their share price after Tesla Inc CEO Elon Musk announced his India visit. The visit is being seen as a step forward in bringing Tesla to India. India's ambition to be a manufacturing hub has got a major momentum through the agenda of an Atmanirbhar Bharat, FM Sitharaman added, which has resulted in defence exports to rise past Rs 25,000 crore. The push to manufacture in India is part of Government's policy push to ramp up GDP and exports from India, and the Atmanirbhar mission has been a part of this initiative, Finance Minister told CNBC-Awaaz.

Tesla advisor attends EV policy meet ahead of Musk's India visit: Report

An advisor representing billionaire Elon Musk-owned Tesla attended a consultative meeting on India's new EV policy ahead of Musk's visit to India, PTI reported. The meeting sought inputs for the guidelines to be framed for the new policy, with representatives of Vietnam's VinFast also present in the meeting. The meeting's participants were mostly trying to understand the policy's details.

https://www.ndtvprofit.com/business/tesla-ev-elon-musk?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Days ahead of tech billionaire Elon Musk's India visit, an advisor representing electric car maker Tesla attended a stakeholders' meeting on India's new Electric Vehicles policy on Thursday, sources said. "It was a stakeholder consultation meeting seeking inputs for the guidelines to be framed for the new EV manufacturing policy. Tesla was represented by its advisor, The Asia Group Vietnam's electric vehicle manufacturer VinFast was also present in the meeting," a senior official said. Representatives of all the major manufacturers in India including Maruti Suzuki, Hyundai, Tata, Mahindra, Kia, Skoda Auto Volkswagen India, Renault were present in the meeting. Besides, representatives of luxury car makers Mercedes-Benz, BMW, Audi, were also present, sources said. Musk is expected to visit India in the week beginning April 22. Officials from the Heavy Industries Ministry made a presentation about new EV policy in the meeting, the official said. The participants were mostly trying to understand the details of the policy deeper. It was more of consultation rather than committing to investments in the future, he added.

Viral video: Hyderabad man clings to truck as it speeds away

The man and the truck driver reportedly had a row after a collision, before the man, identified as Majid, ended up precariously hanging on to the truck's door with his feet on the footboard. His bike can be seen stuck under the truck's front wheel. The driver has been arrested, IS Sadan SI K Ashok told TOI.

https://www.indiatimes.com/amp/trending/wtf/viral-video-hyderabad-man-clings-to-truck-bike-under-wheel-632596.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

The Indiatimes.com Privacy Policy has been updated to align with the new data regulations in European Union. Please review and accept these changes below to continue using the website. We use cookies to ensure the best experience for you on our website. In a video that surfaced on X on April 15, a man can be seen clinging to a truck's door as it speeds along with a bike stuck under its wheel. It was uncomfortable to watch for sure, and the truck driver reportedly sped down the road for two whole kilometres. Here's what went on. The truck driver reportedly sped down the road for two whole kilometres | Image: X/Ravikumar Inc Tpcc lb nagar The man and the truck driver reportedly had a row after a collision, before the man, identified as Majid, ended up precariously hanging on to the truck's door with his feet on the footboard. His bike can be seen stuck under the truck's front wheel. The driver has been arrested, IS Sadan SI K Ashok told TOI. The man and the truck driver reportedly had a row after a collision | Image: X/Ravikumar Inc Tpcc lb nagar The incident took place late on April 13 night near Owaisi flyover in Hyderabad. The truck was headed to LB Nagarfrom Chandrayangutta when it hit the bike near the flyover. Seeing a huge angry crowd, the driver, identified as Prithviraj, chose to drive away. It's already been a pretty crazy year already so far. What are your thoughts on this? There's a whole lot more onIndiatimes Trending.You can also follow us onTelegram. We bring you news from the wonderland - where the mundane takes a backseat and the extraordinary reigns supreme! Dive into a kaleidoscope of viral oddities and offbeat trends that'll leave you scratching your head one moment and doubling over with laughter the next! Get the NEWS that fits your groove.

Sorry for incorrectly low severance package: Musk on Tesla layoffs

Tesla CEO Elon Musk on Wednesday apologised for sending out some "incorrectly low" severance packages. "As we reorganise Tesla it has come to my attention that some severance packages are incorrectly low...My apologies for this mistake," he said in an email. This comes days after Musk announced that the automaker is laying off 10% of its global workforce.

https://www.ndtvprofit.com/business/elon-musk-apologizes-for-incorrectly-low-tesla-severance-packages?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

(Bloomberg) -- Elon Musk said some of the severance packages sent to former Tesla Inc. employees as part of its biggest-ever workforce reduction were too low. As we reorganize Tesla, it has come to my attention that some severance packages are incorrectly low, Musk said in a short email sent to employees on Wednesday and seen by Bloomberg News. My apologies for this mistake. It is being corrected immediately. It's not clear how many former employees are affected. The email was first reported by CNBC. The email is a rare show of contrition from Musk, whos contending with lawsuits brought by former Twitter employees and executives over severance. Earlier this week, the billionaire announced Tesla would slash global headcount by more than 10% as the carmaker struggles with slowing demand for electric vehicles. Ex-Tesla employees have taken to social media to share stories of suddenly being unable to enter buildings when they arrived for work. Tried to badge in, and the security guard took my badge and told me I was laid off, Nico Murillo, a former production supervisor, wrote on LinkedIn. Sat in my car in disbelief. Amid the mass job cuts, which could reach closer to 20% in some divisions, Senior Vice President Drew Baglino resigned from the company. More stories like this are available on bloomberg.com 2024 Bloomberg L.P.

Hyundai Motor, Toray join hands for future mobility materials

Hyundai Motor Group said on Thursday it has forged a strategic partnership with Japanese chemical giant Toray Group to use carbon fibre and other innovative new materials in future mobility products.Toray Group's carbon fibre, crucial for autos and aircraft, prized for being lightweight, strong, and heat-resistant in mobility sectors.

https://investmentguruindia.com/newsdetail/hyundai-motor-toray-join-hands-for-future-mobility-materials229213?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

South Korean regulator asks Chinese e-commerce platforms` for business data Iran urges SCO countries to use its southern ports for faster and cheaper trade Samsung sets up development team for high bandwidth memory chips Hyundai`s all-electric Casper SUV`s production to begin this month World Bank classifies Mongolia as upper middle income country Hyundai Motor, LGES complete building EV battery plant in Indonesia Top North Korean leader says economy shows `definite upturn` this year ESGRC platform Xcelerate secures $52 mn to fuel inorganic growth, APAC expansion Afghan central bank auctions $15 mn to stabilise local currency SK Group chairman meets with CEOs of Amazon, Intel Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Hyundai Motor Group said on Thursday it has forged a strategic partnership with Japanese chemical giant Toray Group to use carbon fibre and other innovative new materials in future mobility products. Under the agreement, Hyundai Motor and Toray plan to jointly develop carbon fibre-reinforced plastic and other lightweight materials to enhance performance and safety involving mobility products, the South Korean auto group said. They also aim to actively apply new materials to future mobility products and lead innovation in the mobility industry by offering differentiated competitiveness in the field, reports Yonhap news agency. Carbon fibre, one of Toray Group's core business areas, is widely used in the mobility sectors involving automobiles and aircraft, thanks to its excellent properties, such as lightweight, strength, and heat resistance. A signing ceremony for the agreement was held at Hyundai's headquarters in southern Seoul and was attended by key executives of the two groups. Song Chang-hyeon, president of Hyundai's Advanced Vehicle Platform division, said the companies "will establish competitiveness as a first mover in the global market by combining Hyundai Motor Group's vehicle technology expertise Ericsson scales up 5G gear production in India, to create 2K jobs South Korean regulator asks Chinese e-commerce platforms` for business data Elon Musk assured bankers they won`t lose money on loans for Twitter acquisition Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

Mahindra Bolero Neo+ is a 9 seater, launched at Rs 11.3 Lakh

Mahindra has launched Bolero Neo+, a 9-seater SUV aimed at dominating the segment. Priced at Rs 11.39 Lakh onwards, it offers two variants: the entry-level P4 and the premium P10, both powered by a robust 2.2-liter mHawk diesel engine with Micro-Hybrid Technology for enhanced fuel economy.

https://trak.in/stories/mahindra-bolero-neo-9-seater-launched-at-rs-11-39-lakh-top-features/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Sheetal Bhalerao Apr 18, 2024 Recently, Mahindra has launched the Bolero Neo+ which is a spacious 9-seater vehicle which is designed to dominate the SUV segment. Mahindra Bolero Neo+ 9 Seater Launch This new launch is being offered at a starting price of Rs 11.39 Lakh (ex-sh) and is set to redefine comfort, style, and performance for families and commercial users alike. In order to cater to the diverse consumer preferences, the all new Bolero Neo+ is offered in two variants including the entry-level P4 (Rs 11.39 lakh) and the premium P10 (Rs 12.49 lakh). Notably, both of these variants feature a robust 2.2 liter mHawk diesel engine which is coupled with a 6-speed gearbox in a rear-wheel-drive configuration. Hence, promising an optimal blend of power and efficiency. Further, it comes with Micro-Hybrid Technology which helps in enhancing the fuel economy. It wont be an exaggeration to say that with this feature, this vehicle becomes an economical choice for long journeys and daily commutes. Bolero Neo+ Features & Specifications When it comes to design, the Bolero Neo+ stays true to its roots having signature Bolero elements such as X-shaped bumpers and a front grille adorned with chrome inserts. Its imposing stance is further accentuated by stylish headlamps, fog lamps, and muscular side and rear footsteps, hence giving it a rugged yet elegant appeal. Coming to its interiors, the passengers are treated to a spacious and comfortable environment in this SUV as it has features like electrically adjustable ORVMs, front and rear power windows, and ample boot space. Its versatile seating configuration which is arranged in a 2-3-4 pattern. This further allows for maximum passenger and cargo accommodation for catering to various travel needs. The Bolero brand has become a hallmark of robustness and trustworthiness for our customers over the years, consistently delivering performance that exceeds expectations. With the launch of the Bolero Neo+, we are offering a promise of durability, advanced features, and superior comfort that enriches the driving experience for every family and fleet owner alike, said Nalinikanth Gollagunta, CEO Automotive Sector, Mahindra & Mahindra Ltd. When it comes to safety, the Bolero Neo+ leaves no stone unturned with the features including ABS with EBD, dual airbags, ISOFIX child seats, engine immobilizer, and automatic door locks. And why not, as these measures ensure a secure and comfortable journey for all the occupants. For instance, it gets side-facing seats in the last row. Previous article Next article Get latest news and views related to startups, tech and business Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.

Electric cars by Kia, Hyundai can cost less in India: But why?

Exide Energy has partnered with Hyundai & Kia to make 100% Make In India batteries, that can lead to possible reduction in the overall price of their electric cars. The collaboration, outlined in a Memorandum of Understanding (MOU), aims to leverage Exide's 75 years of battery expertise to produce LFP cells for Hyundai and Kia's EV expansion plans in India.

https://trak.in/stories/electric-cars-by-kia-hyundai-can-cost-less-in-india-due-to-this-reason/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Radhika Kajarekar Apr 18, 2024 Exide Energy Solutions Ltd. has been partnered with Hyundai Motor Company (HMC) and Kia Corporation to localize electric vehicle batteries in India. In reaction to the news, Exide Industries shares increased by more than 12 percent, reaching a 52-week high of Rs 363. Hyundai, Kia, and Exide Energy Sign MoU Hyundai Motor Group and Exide Energy Solutions Ltd., a well-known battery manufacturer in India, inked a Memorandum of Understanding (MOU), where it stated, HMC and group firm Kia Corporation have signed a Memorandum of Understanding (MOU) with Exide Energy Solutions Ltd, a leading Indian battery company, as part of their electric vehicle (EV) expansion plans. With over 75 years of lead-acid battery experience, Exide Energy Solutions (EES) is a fully-owned subsidiary of Kolkata-based Exide Industries Ltd. Kia and Hyundai Motor want to bring their EV battery manufacturing in-house, with an emphasis on lithium-iron-phosphate (LFP) cells for the Indian market. Through their collaboration, Hyundai Motor and Kia will be able to lead the way in utilizing locally made batteries in their next generation of electric vehicles in India, leading to potential discount in the overall price. Indian Governments Carbon Neutrality Objectives Align With Kias Long Term Goals Because of Indias governments carbon neutrality objectives, achieving cost competitiveness through locally produced batteries is essential. India is an essential market for car electrification, according to Heui Won Yang, President and Head of Hyundai Motor and Kias R&D Division. As per Yang, This strategic move will position them as the pioneers in applying domestically produced batteries in their upcoming EV models in the Indian market. India is a key market for vehicle electrification due in part to the governments carbon neutrality goals, which makes securing cost competitiveness through localised battery production crucial. Hyundai Motor and Kia will have a competitive edge thanks to their relationship with Exide Energy Solutions Ltd. when it comes to the local production of batteries for their upcoming electric vehicle models in India. Hyundai Motor India, which presently sells the IONIQ5 and Kona in the EV market, intends to introduce its high-volume EV model in 2025. In addition to selling the EV6 model, Kia India is a partner in the localization of electric vehicle batteries in India. Previous article Next article Get latest news and views related to startups, tech and business Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.

Tesla asks shareholders to reapprove Musk's $56 bn pay package

Tesla has asked shareholders to vote again in favour of CEO Elon Musk's $56 billion pay package after a Delaware court voided it in January. The package, approved by shareholders in 2018, wasn't "entirely fair" to the shareholders, the court ruled. "Elon hasn't been paid for any of his work for Tesla for the past six years," the company said.

https://www.moneycontrol.com/news/business/tesla-asks-shareholders-to-re-ratify-elon-musks-56-billion-payout-12659921.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Tesla Inc. will have shareholders vote again on its compensation package for Elon Musk after a Delaware court voided the $56 billion award arranged for the chief executive officer in 2018. In its proxy filing issued Wednesday, Tesla also said it will call a vote on moving the companys state of incorporation to Texas from Delaware. The electric-car maker will convene its annual meeting on June 13. Tesla Chair Robyn Denholm criticized the Delaware Chancery Courts January decision, writing in the proxy that it amounted to second-guessing shareholders who had approved Musks compensation. Chief Judge Kathaleen St. J. McCormick described the companys directors as supine servants of an overweening master and said they hadnt looked out for the best interests of investors. Because the Delaware Court second-guessed your decision, Elon has not been paid for any of his work for Tesla for the past six years that has helped to generate significant growth and stockholder value, Denholm wrote. The shareholder who sued Tesla over the CEOs compensation criticized it as excessive and opaque. Musk, who runs six companies, said early this year he preferred to work on artificial intelligence and robotics products elsewhere unless he owns a 25% stake in Tesla. He now owns about 13% of the company. Tesla shares rose 1.1% as of 7 a.m. New York time, before the start of regular trading. The stock tumbled 37% this year through Tuesdays close.

Cybertruck deliveries halted over faulty accelerator pedal: Report

Tesla has halted deliveries of Cybertrucks over an issue with the accelerator pedal, Engadget reported citing complaints posted on the Cybertruck Owners Club forum. As per a user, Tesla issued a recall over the problem. Another user claimed in a TikTok video that his Cybertruck's accelerator pedal cover got stuck and he had to press brakes to stop the vehicle.

https://www.newsbytesapp.com/news/auto/tesla-pauses-deliveries-of-the-cybertruck/story?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Hi, Logout Tesla has postponed deliveries of its Cybertruck, without providing a public explanation for the delay. This information was discovered through discussions on the Cybertruck Owners Club forum, where users reported receiving notifications about their deliveries being rescheduled. One user revealed that their dealer informed them about a recall of the truck due to issues with its accelerator pedal. Another user received a text from Tesla, stating that deliveries are currently on hold for the same reason. Several other users received texts regarding issues related to "the preparation of your vehicle." A fan account of Elon Musk, @WholeMarsBlog, tweeted that deliveries have been paused for seven days. However, this information is confirmed and the carmaker did not respond to inquiries from The Verge. It's worth noting that the EV manufacturer disbanded its PR department years ago, and typically does not respond to reporter questions. The main concern appears to be related to the accelerator pedal getting stuck. A video posted by a Cybertruck owner, depicted how their accelerator pedal cover got stuck and "held the accelerator down 100%, full throttle." The owner noted that pressing brake stopped the truck from accelerating further, but if they released it, the truck would start accelerating again. This is a significant safety concern for a vehicle that weighs 3,175kg, and can reach 0-97km/h in less than three seconds. In another incident reported on the Cybertruck Owners Club forum, a user claimed their vehicle accelerated into a signal pole on its own, and neither brake pedal nor airbags functioned properly. However, the National Highway Traffic Safety Administration blamed user error in its 2021 review of complaints about Tesla cars accelerating on their own. Prior to this review, the Musk-owned firm settled a class action lawsuit in 2018 related to similar claims, thereby avoiding a trial. Live

We need everybody, EV policy isn't just for 1 firm: Goyal on Tesla

Commerce Minister Piyush Goyal was asked whether Tesla needs India or vice versa, to which he replied, "We need everybody...The [EV] policy isn't meant for any one company." "We want them (Tesla) to commit investment and domestic value addition," Goyal added. Tesla CEO Elon Musk is set to come to India and meet PM Narendra Modi.

No URL found

Invalid URL 'No URL found': No scheme supplied. Perhaps you meant https://No URL found?

Tesla lays off 14,000 staffers

Electric vehicle manufacturing company Tesla is all set to lay off over 10 percent of its global workforce. This announcement comes amid a slowdown in demand for EVs. A US news portal, Electrek, dedicated to electric transportation and sustainable energy, revealed this. Elon Musk is expected to announce his plans to open a new Tesla factory in India.

https://thefederal.com/amp/category/business/tesla-to-lay-off-14000-employees-globally-nothing-i-hate-more-says-musk-118118?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Even as Elon Musk is in the news in India for his highly-anticipated scheduled meeting with Prime Minister Narendra Modi this month, his electric vehicle manufacturing company Tesla is all set to lay off over 10 per cent of its global workforce. This was revealed by a US news portal, Electrek, dedicated to electric transportation and sustainable energy. Duplication of roles The layoffs had become crucial after "rapid growth" led to duplication of roles and job functions in certain areas", the Tesla CEO said in the internal email to staff, reported Electrek. "As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity," Musk wrote, adding that as part of this effort, they have made the "difficult decision" to reduce their headcount by more than 10 per cent globally. "There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle," he wrote, said the report. According to Tesla's latest annual reports, the leading EV manufacturer had 140,473 employees globally. If the job cuts apply company-wide, the layoff could affect at least 14,047 employees. This announcement comes days after Tesla reported a drop in first quarter auto deliveries even though it implemented a series of price cuts on its EVs to boost demand. Shares of Tesla fell 0.4 per cent in pre-market trading. Meeting with PM Modi This news also comes ahead of a much hyped-up meeting Musk has scheduled with Prime Minister Narendra Modi in India some time this month. Musk comes to India even as the country gets into its seven-phased national election from April 19. The maverick billionaire is expected to make an announcement about his plans to open a new Tesla factory in India. "Looking forward to meeting with Prime Minister Narendra Modi in India!" he had posted on his X profile. Musk also had said it is a "natural progression" for Tesla to provide electric vehicles in India. India's EV policy India has just announced a new electric vehicle policy which plans to cut taxes on EV imports by almost 85 per cent. Under the new policy EV manufacturers have to invest a minimum of 4,150 crore and they have to set up manufacturing facilities in the country within three years. Copyright @2023 Powered by Hocalwire

Tesla Eyes India: Showrooms To Come Up In Mumbai, Delhi In 2024

This move comes as the company's global vehicle deliveries experienced a dip for the first time in almost four years. The initial plan is to establish a service hub and a showroom in each location, ranging between 3,000 and 5,000 square feet. Tesla has also started manufacturing right-hand-drive vehicles at its German facility.

https://www.mumbailive.com/amp/en/lifestyle/tesla-showroom-likely-to-come-up-in-mumbai-this-year-83684?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Tesla, the US electric vehicle manufacturer, is planning to expand its service to India. This move comes as the company's global vehicle deliveries experienced a dip for the first time in almost four years. The company is reportedly considering Mumbai and New Delhi as potential showroom locations. The initial plan is to establish a service hub and a showroom in each location, ranging between 3,000 and 5,000 square feet. Tesla has also started manufacturing right-hand-drive vehicles at its German facility. These vehicles are intended for export to India. This development follows India's recent decision to reduce import duties on electric vehicles from 100% to 15%. This reduction applies to manufacturers who establish a factory and invest at least INR 41732.88 million. Reports suggest that Tesla officials began scouting for locations last month. They have been in discussion with many real estate developers about potential locations for malls and high streets. The company aims to start construction as soon as possible and open the showrooms in 2024. In an earlier development, it was reported that Tata Electronics had signed an agreement with Tesla for semiconductor chips. Tesla's expansion into India comes at a time when the company is grappling with the slower growth of electric vehicles in China and the United States, its two primary markets. Earlier this month, it was reported that Tesla had shelved a low-cost vehicle that was expected to drive the expansion of the mainstream market. India is the world's third-largest auto market. It is expected to see a surge in demand for electric vehicles. In 2023, only 2% of all cars sold in India were electric vehicles. However, the government has projected that by 2030, 30% of all new cars sold in India will be electric. This makes India a promising market for Tesla's expansion plans.

Maruti, Tata Motors venture into car subscriptions

OEMs like Maruti and Tata Motors are venturing into car subscription services in India, aiming to offer flexible ownership options. However, the market response has been tepid with the concept capturing barely 1% market share. The challenge lies in limited consumer awareness and the prevailing preference for vehicle ownership.

https://www.thecore.in/business/maruti-tata-motors-hyundai-betting-car-subscriptions-indians-still-hesitant-4483497?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Following the pandemic, car companies have been anticipating a rise in car subscriptions, which offers an alternative way to access a car. But it has barely scratched 1% of the market so far. In 2020, at the height of a global pandemic, entrepreneur Sakshi Vij?s self-drive rental platform, Myles, launched a car subscription service. It was a bold move, and risky too, but it worked out. ?We got a lot of attention from vehicle manufacturers who were then looking for innovation to be able to sell better,? Vij toldThe Core. At a time when India?s auto industry was facing significant supply chain disruptions and production halts, Myles tied up with Maruti Suzuki, Toyota, MG Motors and others. Since then, the number of cars featured on Myles for subscription has grown by 20-25% annually. They now have 200 fleet partners who list their cars on the platform. Car subscription contributes to over 70% of their business. Rather than buying the cars, Myles works with fleet operators, original equipment manufacturers (OEMs), leasing companies and other financial services who purchase cars and put them up on its platform. The idea behind launching car subscriptions was to offer easy access to cars. Car subscriptions are a lot like leasing but for personal use. Subscribers pay a monthly fee for a certain period (mostly 2-4 years) for using a car. Globally, the subscription model already has a In 2020, at the height of a global pandemic, entrepreneur Sakshi Vijs self-drive rental platform, Myles, launched a car subscription service. It was a bold move, and risky too, but it worked out. We got a lot of attention from vehicle manufacturers who were then looking for innovation to be able to sell better, Vij toldThe Core. At a time when Indias auto industry was facing significant supply chain disruptions and production halts, Myles tied up with Maruti Suzuki, Toyota, MG Motors and others. Since then, the number of cars featured on Myles for subscription has grown by 20-25% annually. They now have 200 fleet partners who list their cars on the platform. Car subscription contributes to over 70% of their business. Rather than buying the cars, Myles works with fleet operators, original equipment manufacturers (OEMs), leasing companies and other financial services who purchase cars and put them up on its platform. The idea behind launching car subscriptions was to offer easy access to cars. Car subscriptions are a lot like leasing but for personal use. Subscribers pay a monthly fee for a certain period (mostly 2-4 years) for using a car. Globally, the subscription model already has a lot of takers and it is being pegged as the next big thing in India. Mobility as a service is a key theme expected in India in the next five years, EY Indias future of mobility leader Som Kapoor told The Core. A younger demographic, aged between 25 and 40, is likely to be the ones adopting car subscriptions, according to Deloittes 2024 Global Automotive Consumer Study. India had the largest number of respondents (67%) interested in ditching vehicle ownership for the subscription model. Respondents surveyed were aged between 18-34. Despite this outlook, the actual penetration of car subscriptions currently is very slim. While there is no concrete data, Vij pegs the subscription market in India at about 35,000-40,000 cars. This is barely 1% of the Indian car market, where, on average, 40 lakh cars are sold annually. Indian consumers are still hesitant to adopt the trend for several reasons, including limited awareness, imposed restrictions such as distance caps, and because car ownership is still aspirational in India. Think of it like renting a house. There isnt much difference between personal car leasing and car subscription in India, said Suvajit Karmakar, country managing director of the Indian arm of French car leasing company Ayvens. There are two types of leasing: operational, where you pay a monthly fee until the end of the contract, and financial leasing, which offers the option to buy the product at the end of the term for a pre-decided cost. While corporate car leasing works on the financial model, personal leasing and subscriptions are based on the operational model. In most car subscription models offered in India, a monthly subscription fee includes maintenance, repair, and insurance. This means the leasing company takes care of servicing or maintenance of the car, or in incidental cases such as breakdowns. For instance, Ayvens offers a 24-hour emergency breakdown service in a 100 km periphery of the users residence. One can subscribe to a car directly through the OEMs offering the service, or through third-party platforms like Myles, Ayvens, Orix, and Revv. Most OEMs have partnered with one or more of these third-party platforms. Both Karmakar and Vij said that most of their business comes through these partnerships and not directly. Car subscriptions have been around for some time in India now. Car rental company Revv, which was launched in 2015, started offering subscription-based services in 2018 following an investment by Hyundai. Ayvens started offering private leasing services in the country around seven years ago and launched its pre-leased subscription programme Ugo Subscribe in 2020. Among OEMs, Hyundai and Mahindra & Mahindra started subscription-based services in 2019, and Maruti Suzuki introduced its subscription product in 2020. Tata Motors launched a subscription option for its best-seller, the Tata Nexon EV. Betting big on the trend, Mahindra Finance launched its leasing and subscription business Quiklyz in 2021. While Hyundais cars are still available on several third-party platforms, a Hyundai spokesperson toldThe Core that the company does not offer subscription services anymore. Industry players and observers expect car subscriptions to become more mainstream in the next five years. Vij said that she expects around 10-15% of the Indian car market to switch to subscription-based models towards the end of the decade. Currently, subscription is basically looked at from a taxation [benefit] perspective, Kapoor said. However, he added that in an evolved ecosystem like Europe, people want a three-year car rotation, they dont want the hassle. In other countries, like the UAE, car subscriptions are on the rise as lifestyles become more flexible. Consumers are increasingly more cautious about sustainability, and car subscription and rental companies are putting an effort into that. The global car subscription market crossed US $5 billion in 2022, and is expected to cross US $100 billion by 2032, growing at a compound annual growth rate of 35%. Europe currently dominates the global market, accounting for a third of the volume, followed by North America. According to a 2023 Deloitte report on the future of automotive mobility, vehicle use without ownership will make up 57% of the Europe market and 38% of the US market by 2035. Car subscriptions are perfect for a generation of Indians who want a car but dont want the hassle of taking care of it. The flexibility of subscription models is geared towards a younger, more mobile demographic. We are primarily seeing young urban professionals in metros and tier one cities in the age group of 25-45these are individuals at an age group where their growth in income is the highest, Vij said. The flexibility to upgrade your car every two to three years, without worrying about a depreciating asset, is also a key selling point. There is no down payment required, although the subscription fee and the monthly EMI on a car loan are often the same. For instance, the on-road price of a Maruti WagonR LX 1.0L petrol car in Delhi is Rs 6.06 lakh. If you were to opt for a 4-year subscription plan for the car, Maruti Suzuki Subscribe offers the car through its partner Quiklyz at Rs 13,090 per month. If you were to buy the car, the down payment would be about Rs 61,000. Assuming a loan interest rate of 8.5% and a similar 4-year tenure, the monthly EMI would be Rs 13,442. However, this can change when factoring in the cost of maintenance and resale value, which decides the leasing fee for a car. Two cars from different companies costing the same can have different maintenance costs and resale values. The higher the cost of maintenance, the lower its resale value and the more the leasing company will charge you for it. A car could have a much lower lease rental because it has a better resale price and a lower cost of maintenance, whereas a car loan for a car costing Rs 10 lakh will be the same regardless of the brand, Karmakar pointed out. Car subscriptions can be advantageous for carmakers too, allowing more oversight on servicing being conducted at authorised centres and helping retain customers. Changing consumer behaviour during the pandemic lowered buying sentiment for cars and demand for flexible alternatives led car manufacturers to foray into subscription services. In a 2020 interview, Hyundai Indias COO Tarun Garg, then director of sales, marketing and services had said that there was a good chance that users would opt for subscription plans over buying a new vehicle in the post-Covid market. While car makers are venturing into subscriptions, the number of takers have been minimal. Maruti Suzuki announced last month that it had hit 10,000 subscribers on Maruti Suzuki Subscribe, its subscription offering, with most users based out of Delhi-NCR, Mumbai, Hyderabad, Chennai, and Bangalore. Over 50% of them were acquired in FY2023-24, the company said in an official release. The company, Indias largest car maker by volume, offers subscriptions through five partners. Karmakar told The Core that Ayvens pre-leased car subscription offering accounts for less than 4% of the companys total monthly volume. Most of the business comes from the corporate leasing that we do, he said. Another product that the company offers through corporate clients which is like private leasing but for employees of select companies contributes to 30% of the companys annual revenue, he said. A 39-year-old user from Bangalore, who requested anonymity, has been leasing a Tata Nexon EV through his company since 2022. He signed up for it during the pandemic, since wait times for a new car were too long, and he was reluctant to use public transport. And I regretted not doing it earlier, he said, touting the income tax benefits the corporate lease offers him. He also had an option to pay a set price at the end of the lease term and buy back the car, which he opted for. But would he have opted to lease a car directly? No. I was interested in that as well, when I was considering this I did some research on subscribing to a car via Quiklyz, but I wasnt getting the same financial benefits I am getting now, he said. Without that, it didnt make sense for him. There are other factors hindering car subscriptions from taking off in India. Most subscription companies offer both new and pre-leased models at different prices. With pre-leased models, the performance can be affected. This shouldnt be a problem, since the company also covers the maintenance and repair costs, but some users have complained of service issues. A US-based user, who also requested anonymity, said that he had opted for a short-term subscription of two months from Revv when visiting India last August. However, the Maruti Swift had already clocked 95,000 km when he got the car, and there was a lot of damage. He struggled to get issues resolved with the companys customer service. Cars in the subscription model also come with a kilometre cap, starting at 10,000 km and increasing according to the plan a user chooses. If a user goes beyond this, there are extra charges. This, and the lack of freedom to customise the car, can also be deterrents. Several potential car owners that The Core spoke to also pointed out that they would much rather own a car if they could afford to pay the EMI/rental fee. Cars, like homes, are still very aspirational in India, there is a lot of value associated with this, a 31-year-old Mumbai-based CA told The Core. Car companies arent very confident about pushing the subscription model yet. For any financial product to actually grow it's very important that the OEMs actually become serious about it, Karmakar said. Kapoor of EY India echoed this. I think a lot of the main players still offer it like a third party service. When they come and do it in-house, from their own stables, that's when I see a true uptick to that business, Kapoor said. The Core reached out to Tata Motors, Maruti Suzuki, Mahindra & Mahindra and Volkswagen, as well to platforms Revv, Orix and Quiklyz with queries but did not receive responses at the time of publishing. Following the pandemic, car companies have been anticipating a rise in car subscriptions, which offers an alternative way to access a car. But it has barely scratched 1% of the market so far.

Tesla to part ways with 10 per cent of its workforce

Automobile major Tesla is likely to remove 10 per cent of its global electric vehicle workforce. "We have done a thorough review of the organisation and made the difficult decision to reduce our headcount by more than 10% globally," said an e-mail from Tesla CEO Elon Musk. "There is nothing I hate more, but it must be done," he said.

https://www.connectedtoindia.com/tesla-to-part-ways-with-10-percent-of-its-workforce/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Automobile major Tesla is likely toremove 10 percent of its global electric vehicle workforce. We have done a thorough review of the organisation and made the difficult decision to reduce our headcount by more than 10% globally, said the email from Tesla CEO Elon Musk, as quoted by BBC. There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle, he said. A Tesla employee, who had been told he was being let go, told the BBC he had subsequently been locked out of his emails, as had all other staff being laid off. Andrew Baglino, Teslas senior vice president for energy engineering and powertrain, said he has decided to move out of the company after serving it for 18 years. I made the difficult decision to move on from Tesla after 18 years yesterday. I am so thankful to have worked with and learned from the countless incredibly talented people at Tesla over the years, he wrote on X. I made the difficult decision to move on from Tesla after 18 years yesterday. I am so thankful to have worked with and learned from the countless incredibly talented people at Tesla over the years.I loved tackling nearly every problem we solved as a team and feel gratified I loved tackling nearly every problem we solved as a team and feel gratified to have contributed to the mission of accelerating the transition to sustainable energy, a mission that I am quite passionate about, he said. He said: I will always have a warm spot for the people of Tesla and Tesla products in my heart and wish the team and company the best in the future. When I joined as a junior firmware / electrical engineer back in 2006, a future Tesla that produced the worlds top selling vehicle was well beyond my expected set of o IPL needs to do away with on-ground cheer leading? View Results 2016. ConnectedtoIndia. All rights reserved.

Technically, 80% SUVs sold in India are not SUVs at all

SUVs dominate India's car market, constituting every second sale, yet officially accounting for only about a 10th of total sales. Based on GST criteria, SUV sales were 445,556 compared to the 2.13 million claimed by carmakers. Despite not meeting traditional SUV specs, models like Maruti Suzuki Brezza and Hyundai Venue are in high demand, reflecting changing consumer preferences.

https://trak.in/stories/technically-80-of-suvs-sold-in-india-are-not-suvs-at-all/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Mohul Ghosh Apr 16, 2024 In Indias automotive landscape, sports utility vehicles (SUVs) have emerged as the preferred choice for buyers, constituting every second car sold. Despite their widespread popularity, the official classification of SUVs reveals a stark contrast to their perceived dominance. Official Definition and Sales Disparity According to the Goods and Services Tax (GST) Councils definition, an SUV must meet specific criteria, including engine capacity, length, and ground clearance. However, analysis reveals that only a third of the 47 models labeled as SUVs meet these criteria, resulting in a discrepancy between official classification and market perception. Sales Figures and GST Compliance Total car sales in India soared to a record 4.23 million units in the last fiscal year, with SUVs crossing the 50% market-share mark for the first time in FY24. However, when strictly adhering to GST guidelines, SUV sales were significantly lower, standing at 445,556 units compared to the 2.13 million claimed by carmakers. Customer Preference and Tax Savings The allure of SUVs lies in their upright stance, higher driving position, and perceived ruggedness, appealing particularly to younger, image-conscious buyers. Additionally, SUVs offer tax savings under the GST regime, with levies capped at 28% coupled with compensation cess, attracting the highest compensation cess of 22%. Industry Evolution and Changing Preferences SUVs have evolved over the years, adapting to changing consumer preferences and market dynamics. Traditionally associated with off-roading capabilities, SUVs now encompass a broader range of vehicles with varying features and functionalities. This evolution reflects a shift in customer preferences towards urban-centric usage and lifestyle-oriented vehicles. Market Dynamics and Segment Evolution The SUV segment has witnessed significant diversification, with sub-segments emerging to cater to different customer needs and preferences. From compact SUVs like the Maruti Suzuki Brezza to midsize SUVs such as the Hyundai Creta, the market offers a wide range of options to consumers. Future Outlook and Growth Prospects Despite discrepancies between official classification and market perception, the SUV segment is expected to continue its growth trajectory. With increasing urbanization, changing lifestyles, and a slew of new launches in the segment, SUVs are poised to maintain their dominance in Indias automotive landscape. Conclusion While official classification may not fully capture the popularity and diversity of SUVs in India, their widespread appeal and evolving market dynamics underscore their significance in the automotive industry. As consumer preferences evolve and technological advancements continue, the SUV segment is likely to remain a key driver of growth and innovation in the years to come. Previous article Next article Get latest news and views related to startups, tech and business Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.

This is how Tesla can produce a Rs 20 lakh 'Make in India' EV

Elon Musk's first visit to India, scheduled for later this month, has sparked anticipation about possible announcements, especially regarding 'Make in India' affordable EVs. Tesla enthusiasts eagerly await news during his meetings with PM Narendra Modi and industry leaders.A cheaper Model 3, which is the entry-level Tesla.

https://investmentguruindia.com/newsdetail/this-is-how-tesla-can-produce-a-rs-20-lakh-make-in-india-ev559737?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Tata Power launches rooftop solar initiative for homes in UP Honda India Foundation (HIF) signs MOU with Marriot Group of Hotels Accel to host India`s largest Cybersecurity Summit on July 25 Bajaj Auto launches world's first CNG-powered motorcycle `Freedom 125` Government makes ISI mark mandatory for steel & aluminium utensils to ensure safety... After Eiffel Tower, UPI goes live at another location before Paris Olympics After Apple, Google set to manufacture Pixel phones in India Over 9 bn eSIM-capable devices to be shipped by 2030 globally CREDAI - COLLIERS Developer Sentiment Survey `24 : More than 50% of Developers Seek... India ranks 3rd in fintech funding globally in Jan-June period Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Elon Musk is coming to India for the first time to spend at least 48 hours in the country later this month. As all eyes are on what the billionaire would announce during his meeting with Prime Minister Narendra Modi and industry leaders, Tesla lovers have only one question: When will they finally be able to drive a 'Make in India', affordable EV? A cheaper Model 3, which is the entry-level Tesla, can only be possible with local manufacturing of battery components and a strong EV supply system, for which Musk will surely have a substantial announcement to make during his maiden visit to the country. Currently, Tesla prices are almost the same worldwide. The base variant of the Model 3 is priced at over $40,000 (nearly Rs 33.5 lakh). According to senior analyst Soumen Mandal from market intelligence firm Counterpoint Research, the import duty will be eliminated by setting up local production by Tesla, thus paving the way for an affordable Tesla car. Also, the cost reduction could be achieved if Tesla cars manufactured in the country come with fewer features compared to the ones available globally. Mandal told IANS that certain hardware required for Full Self-Driving (FSD) mode could be eliminated and Advanced Driver Assistance System (ADAS) Level 2 could be included. Tesla can eventually produce 5 lakh electric vehicles annually that start from Rs 20 lakh in India. To produce a Rs 20 lakh car, Tesla can also have a battery pack with a lower capacity than 50kW and the electric motors could be of lower power. The in-vehicle electronics could also be reduced with a smaller centre display. In the new EV policy, the Indian government has cut the customs duty to 15 per cent (with certain riders) from the earlier 100 per cent on imported cars. A minimum investment of Rs 4,150 crore (about $500 million) will be required to set up the manufacturing facilities for EVs in the country. According to industry experts, Tesla can generate at least $3.6 billion in revenue in India by 2030. ADB lowers India`s GDP growth forecast to 10% for FY22 `It was Chahal & Kuldeep`s idea`: Rohit on unique walk at podium to receive trophy Bajaj Auto launches world's first CNG-powered motorcycle `Freedom 125` Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

World`s fastest charging electric 3-wheeler arrives in India

In a push towards the electric mobility dream, India on Friday saw the launch of a passenger electric three-wheeler that is touted as the world`s fastest-charging EV within 15 minutes.Omega Seiki Mobility forged a partnership with Exponent Energy to launch the electric three-wheeler with rapid-charging capabilities.

https://investmentguruindia.com/newsdetail/world-s-fastest-charging-electric-3-wheeler-arrives-in-india546738?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Government sets ball rolling for Tranche-II green hydrogen projects India gives the voice to Global South on AI global forums IIT-Madras partners with industry players to offer employability-focussed programmes AstraZeneca to expand its Chennai GCC at Rs 250 crore outlay Indian FMCG sector to see revenue jump 7-9 pc this fiscal, rural demand surges Cement volumes to grow 7-8 pc in FY25, top 5 firms to solidify market share GPAI members hail India`s leadership in global AI discourse Corporate investments will accelerate North-Eastern region`s growth: Experts Indian startups raised nearly $7 billion in first half of 2024 Committed to learning from India how to make AI more impactful for society: OpenAI Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel In a push towards the electric mobility dream, India on Friday saw the launch of a passenger electric three-wheeler that is touted as the worlds fastest-charging EV within 15 minutes. Omega Seiki Mobility forged a partnership with Exponent Energy to launch the electric three-wheeler with rapid-charging capabilities. Priced at Rs 3,24,999, the OSM Stream City Qik EV has the ability to charge from zero to 100 per cent in 15 minutes on Exponents rapid charging network present in six cities, the company said in a statement. Data Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

Tamil Nadu to pitch for all opportunities: Rajaa on Tesla plans

Tamil Nadu's Industries Minister TRB Rajaa said the state "will be pitching for all opportunities of electric vehicle manufacturing from all global car majors". He remarked on being asked about Tamil Nadu's plans for attracting Tesla to set up a plant in the state. Tamil Nadu has India's "best electric vehicle policies and ecosystem", Rajaa stated.

https://www.ndtvprofit.com/business/india-s-tamil-nadu-state-to-pull-out-all-stops-to-attract-musk?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

(Bloomberg) -- Indias southern state of Tamil Nadu will aggressively pitch itself as a manufacturing site for Tesla Inc. as speculation builds about the US companys planned investments ahead of billionaire Elon Musks visit. Tamil Nadu will be pitching for all opportunities of electric vehicle manufacturing from all global car majors, T. R. B Rajaa, the states minister for industries said, when asked if Tesla was on his radar. He added that the province, often called the Detroit of India for its automaking prowess, has countrys best electric vehicle policies and ecosystem. Teslas Chief Executive Officer is set to visit India and meet with Prime Minister Narendra Modi, whos seeking a third term in office in federal elections starting later this month. Luring investment from the EV giant will bolster Modis credentials as well as the states where any plant may be set up as being business friendly and in favor of creating jobs. Chennai, the capital city of Tamil Nadu, is wooing Tesla considering its already home to the manufacturing facilities of Nissan Motor Co., Renault SA, Hyundai Motor Co. and BMW AG and the auto parts supply chains that feed them. But itll face stiff competition from other Indian states that are also petitioning Musk. Tesla has been weighing setting up an EV plant in India but hasnt made any firm commitment. The worlds third-biggest greenhouse gas emitter is seeking to decarbonize its economy and turn net zero by 2070. India, which is also the worlds most populous nation, is seen as a potential new growth driver for Tesla as electric car sales growth in China and the US wavers. Demand for EVs in India, by contrast, is still on the rise. India also cut the import duty on EVs last month and said to get tax concessions, foreign companies will have to invest at least 41.5 billion rupees ($500 million) and start producing EVs from a local plant within three years. Tamil Nadu is already the automotive capital of the country, said Rajaa. Now we will aim at making the state the EV capital too. More stories like this are available on bloomberg.com 2024 Bloomberg L.P.

Tata Motors gains as its arm inks MoU with Shell India Markets

Tata Motors is currently trading at Rs. 1024.40, up by 11.25 points or 1.11% from its previous closing of Rs. 1013.15 on the BSE.The scrip opened at Rs. 1015.50 and has touched a high and low of Rs. 1029.25 and Rs. 1013.50 respectively. So far 164497 shares were traded on the counter.

https://investmentguruindia.com/newsdetail/tata-motors-gains-as-its-arm-inks-mou-with-shell-india-markets486316?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Kalyan Jewellers India soars on reporting 27% consolidated revenue growth in Q1FY25 Dhanlaxmi Bank rises on reporting 6% growth in gross advances in Q1FY25 Mahindra Lifespace climbs on closing two deals worth Rs 2050 crore in Mumbai, Benga... Punjab National Bank surges on reporting 10% rise in global business during Q1FY25 IDBI Bank gains on reporting 15% rise in total business during Q1FY25 Advait Infratech zooms on securing letter of intent worth Rs 158.90 crore Quick Heal Technologies rises on partnering with NewJaisa Technologies Sanghvi Movers jumps on incorporating wholly owned subsidiary Satin Creditcare Network inches up on raising Rs 50 crore through NCDs FSN E-Commerce Ventures rises as its arm incorporates wholly owned subsidiary in Qatar Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Tata Motors is currently trading at Rs. 1024.40, up by 11.25 points or 1.11% from its previous closing of Rs. 1013.15 on the BSE. The scrip opened at Rs. 1015.50 and has touched a high and low of Rs. 1029.25 and Rs. 1013.50 respectively. So far 164497 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1065.60 on 05-Mar-2024 and a 52 week low of Rs. 455.80 on 12-Apr-2023. Last one week high and low of the scrip stood at Rs. 1029.60 and Rs. 1004.05 respectively. The current market cap of the company is Rs. 340417.35 crore. The promoters holding in the company stood at 46.37%, while Institutions and Non-Institutions held 36.02% and 17.60% respectively. Tata Passenger Electric Mobility (TPEM), the electric car making arm of Tata Motors, has signed a non-binding Memorandum of Understanding (MoU) with Shell India Markets (SIMPL) to collaborate in establishing public charging stations across India. The collaboration will leverage Shells widespread fuel station network and TPEMs insights from over 1.4 lakh Tata EVs on Indian roads to set up chargers at locations frequently visited by Tata EV owners. Additionally, both companies will work towards delivering superior charging experiences. To improve the experience of EV owners across India, this agreement between TPEM and Shell India Markets (SIMPL) aims to explore synergies between the two companies to encourage more people to adopt electric vehicles in the country. The two companies are also exploring introducing convenient payment systems and loyalty programs, which will add significant value to TPEMs customers. Tata Motors is Indias largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. India, US discuss G20 cross-border payments, global debt challenges Stock Picks : Tata Motors Ltd And Indraprastha Gas Ltd Data Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

8 Lakh kms warranty offered for this electric motorcycle

Ultraviolette Automotive breaks new ground in electric vehicle warranties with an unprecedented 8-year/8-lakh-kilometer offer for its flagship F77 motorcycle. The UV Care, UV Care+, and UV Care Max packages extend coverage from 3 to 8 years, setting a new industry standard. Co-Founder Niraj Rajmohan emphasizes the company's commitment to revolutionizing electric mobility.

https://trak.in/stories/8-lakh-kms-warranty-offered-for-this-electric-motorcycle-highest-in-india-so-far/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Rohit Kulkarni Apr 12, 2024 Known for its groundbreaking advancements in electric vehicle platforms and battery technology, Ultraviolette Automotive has now introduced an unparalleled warranty offer spanning 8 years or 8 lakh kilometres for its flagship electric motorcycle, the F77. Unprecedented Warranty Packages for Ultraviolettes F77 Electric Motorcycle These standards are unheard of and the same sets a new benchmark and also positions the company as an industry leader. There are 3 different packages, UV Care, UV Care+, and UV Care Max and these shall exclusively be available to the existing F77 around the globe. Notably, this package extends coverage from 3 to 8 years and from 60,000 to 8 lakh kilometers, a feat unprecedented in the electric vehicle domain. With the revised offering, UV Care now offers a 3-year/60,000 km warranty whereas the UV Care+ providing a 5-year/1 lakh km warranty. What stands out from all the packages is the UV Care Max package since it provides an 8-year warranty with a remarkable 8 lakh km range on the Recon variant. The CTO and Co-Founder of Ultraviolette, Niraj Rajmohan highlighted and reiterated companys commitment in order to revolutionize the electric mobility through cutting-edge battery engineering and stringent safety validation processes. Evidenced by the extended warranty structure for battery and drivetrain components, he highlighted how the company is commited to deliver quality and reliability. Exceptional Durability and Performance The two wheelers outstanding performance is evident in durability tests. One of the test motorcycles, surpassed 1 lakh kilometres and still retained over 95 percent of its initial rated capacity. Showing an impressive and cutting edge IDC range of 304 kilometres on a single charge while testing by ARAI in recent assessments furthers puts a nail in the coffin. With a substantial fuel saving of INR 441,000 achieved during on-road durability testing, F77s exceptional performance and its noteworthy acceleration, top speed, and powerful motor, it truly continues to exceed customer expectations in every way. All set to unveil an updated and faster version of the F77 on April 24, 2024, Ultraviolette is now taking feature enhancements inspired by the F99 showcased at the EICMA 2023 Show. Though the current F77 costs a bomb already, the anticipated faster version is expected to command a premium. Source Previous article Next article Get latest news and views related to startups, tech and business Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.

1 out of 4 cars sold in India is either Tata or Mahindra

Tata Motors and Mahindra & Mahindra are dominating the Indian auto sector with a combined market share of 24.5% in FY24, up from 22.5% in the previous fiscal. Maruti Suzuki, despite leading the market, saw a slight drop to 40.7%. With new launches and growing infrastructure, Tata Motors' EV and CNG segments experienced significant growth.

https://trak.in/stories/25-of-all-cars-sold-in-india-are-either-tata-or-mahindra-new-report/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Rohit Kulkarni Apr 12, 2024 With every car out of 4 sold in the nation, Tata Motors and Mahindra & Mahindra are making waves in the Indian auto sector, especially in the sports utility vehicles (SUVs) space. This is backed with high demand for the segment as well as increased popularity of emission-friendly vehicles. New Launches, Growing Infra Contribute to the Growth Story Both together hold an impressive market share of 24.5% in FY24, reveals Federation of Automobile Dealers Associations (FADA) data, which also reveals that the same figure was 22.5% in last fiscal. The leader in the market, Maruti Suzuki, has seen a slight drop in FY24 to 40.7%, from FY23s 40.9%. Despite the drop from 50% to 48.7% market share in FY24, Japanese OEMs (Maruti Suzuki, Toyota, Honda, Nissan) still remain to be dominating the space. On the back of multiple new launches, growing charging infrastructure, and CNG stations, the EV as well as CNG segment of Tata Motors has seen a significant growth in FY24. Further propelling the numbers was the lower operating costs as well as growing environmentally friendly consciousness in customers. Highlighting the aforementioned, Shailesh Chandra, MD of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility said that Customers rising preference for safe and green vehicles should result in double-digit growth for the sale of cars with emission-friendly powertrains supported by new launches and a stronger value proposition emission-friendly, lower total cost of ownership, and equipped with smarter features. Growth Rates Across Categories Clocking a growth rate of 8.45% in FY24, the Passenger Vehicle (PV) segment reached an all-time high of 39.5 lakh units. This sales number was achieved due to the combination of improved vehicle availability, a compelling model mix, and strong demand for the SUV segment. Notably, SUV segment adds to the almost half of the total sales. In FY24, the auto retail sales increased by 10.3%. As compared to FY23s 2.22 crore units, FY24 recorded total sales of 2.45 crore units. This included PVs, commercial vehicles, two-wheelers, three-wheelers, and tractors. Out of all categories in FY24, the highest and lowest growth rate of 48.8% and 4.8% was reported in three-wheelers segment and commercial vehicle segment respectively. Previous article Next article Get latest news and views related to startups, tech and business As disease rates rise and medical technology develops, treatment costs climb. Its essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on [] In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones. iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the [] Around 300 workers at Microsoft Corp.s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US. Here, Microsoft Corp.s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at [] Indias air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded Indias ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like [] Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.

Viral video shows why keeping distance from supercars is important

In a recent incident capturing widespread attention on Instagram, a pricey Lamborghini Huracan worth over Rs 3.72 crore unexpectedly encountered a Honda Activa rider. The viral video showcases the vibrant red sports car gracefully manoeuvring a turn, stealing the spotlight until an approaching white Activa enters the frame.

https://www.indiatimes.com/amp/news/india/viral-video-from-bengaluru-shows-why-keeping-distance-from-supercars-on-roads-is-important-632142.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

The Indiatimes.com Privacy Policy has been updated to align with the new data regulations in European Union. Please review and accept these changes below to continue using the website. We use cookies to ensure the best experience for you on our website. Viral Video: Navigating the bustling streets of India is no easy feat, especially behind the wheel of a multi-crore supercar. And when fellow drivers show a reluctance to adhere to traffic norms, chaos can quickly ensue, often resulting in accidents caused by sheer carelessness. In a recent incident capturing widespread attention on Instagram, a pricey Lamborghini Huracan worth over Rs 3.72 crore unexpectedly encountered a Honda Activa rider. The viral video showcases the vibrant red sports car gracefully manoeuvring a turn, stealing the spotlight until an approaching white Activa enters the frame. Initially appearing under control, the Activa abruptly veers closer to the Lamborghini, a move that could have led to a disastrous outcome. It seems to be a reaction to a patch of sand on the road. Despite the Lamborghini owner's quick attempts to swerve and avoid collision, the inevitable bump occurs, sending both vehicles into a momentary frenzy. The video, captured by a biker trailing behind and shared by the Lamborghini owner, has not just gained traction but has become a social media sensation on Instagram, accumulating over 2.37 lakh likes in a short span of time. Such incidents underscore the importance of adhering to traffic regulations and maintaining awareness of one's surroundings. Additionally, practising patience and staying composed while driving is crucial for maintaining control over one's vehicle. Lamborghini Huracan| Wikipedia Furthermore, the Activa rider's disregard for wearing a helmet, as observed in the video, serves as a stark reminder of the potentially fatal consequences of flouting safety measures. For more news and current affairs from around the world, please visitIndiatimes News. We keep you updated with the latest happenings from India and across the globe. Whether it's something quirky, emotional, inspiring, or informative we've got you covered. Get the NEWS that fits your groove.

Maruti Suzuki jacks up prices of Swift, Grand Vitara Sigma

Leading carmaker Maruti Suzuki on Wednesday announced an increase in the prices of its popular Swift and Grand Vitara Sigma models by Rs 25,000 and 19,000 respectively.The Swift was priced in the Rs 5.99 lakh to 9.03 lakh range while the Grand Vitara was priced between Rs 10.80 lakh and 20.09 lakh across variants before the prices were increased.

https://investmentguruindia.com/newsdetail/maruti-suzuki-jacks-up-prices-of-swift-grand-vitara-sigma811254?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Tata Power launches rooftop solar initiative for homes in UP Honda India Foundation (HIF) signs MOU with Marriot Group of Hotels Accel to host India`s largest Cybersecurity Summit on July 25 Bajaj Auto launches world's first CNG-powered motorcycle `Freedom 125` Government makes ISI mark mandatory for steel & aluminium utensils to ensure safety... After Eiffel Tower, UPI goes live at another location before Paris Olympics After Apple, Google set to manufacture Pixel phones in India Over 9 bn eSIM-capable devices to be shipped by 2030 globally CREDAI - COLLIERS Developer Sentiment Survey `24 : More than 50% of Developers Seek... India ranks 3rd in fintech funding globally in Jan-June period Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Leading carmaker Maruti Suzuki on Wednesday announced an increase in the prices of its popular Swift and Grand Vitara Sigma models by Rs 25,000 and 19,000 respectively. The Swift was priced in the Rs 5.99 lakh to 9.03 lakh range while the Grand Vitara was priced between Rs 10.80 lakh and 20.09 lakh across variants before the prices were increased. Both the cars are hot-selling products with the company having sold 15,728 units of Swift in March making it among the top 5 in the sales list of the Indian market. The car major also sold 11,232 units of the Grand Vitara during the month. Maruti Suzuki also raised the prices of its car by 0.45 per cent across models in January this year, citing the increased input costs. U.S. stocks end higher in `buy the dip` session MKP Mobility touches roof on acquiring 49% stake in CMR-Kataria Recycling India`s Tata Capital plans to raise $750 million in debut foreign funding next fiscal year Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

Mahindra XUV3XO will challenge Tata Nexon with these features

Mahindra & Mahindra is set to launch the new XUV3XO, a facelift of the XUV300, on April 29 in India. Packed with modern features and enhancements, the XUV3XO aims to compete in the crowded sub-4 meter compact SUV segment dominated by models like the Tata Nexon and Maruti Suzuki Brezza. With upgraded interior features and high safety standards.

https://trak.in/stories/mahindra-xuv3xo-all-set-to-challenge-tata-nexon-with-these-stunning-features/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Sheetal Bhalerao Apr 11, 2024 The Indian automotive manufacturing corporation, Mahindra & Mahindra appears to be all ready to unveil the new Mahindra XUV3XO, on April 29 in India. Mahindra XUV3XO Launch For the unawares, this latest lineup is essentially going to be the Mahindra XUV300 facelift. Simply put, it is a new avatar having the sub-4 meter compact SUV loaded with all the contemporary bells and whistles which are expected in a vehicle in this segment to have now. As we already know that the sub-4 meter compact SUV segment is a heavily crowded space so far. Presently, this segment is dominated by the likes of the Tata Nexon and the Maruti Suzuki Brezza. The segment has other players too including the Maruti Suzuki Fronx, Hyundai Venue and Kia Sonet. All these models are showcased among the largest-selling in the industry. If we look closely into numbers, the Tata Nexon registered wholesales of 171,697 units, the Maruti Suzuki Brezza of 169,897 units, the Maruti Suzuki Fronx of 134,735 units, the Hyundai Venue of 124,307 units and the Kia Sonet of 81,384 units in FY24. Around 54,000 units of Mahindra XUV300s came during the fiscal. What To Expect In All New Mahindra XUV3XO ? It seems that the vehicle maker has packed the new XUV3XO with a host of features amidst such stiff competition. These features can be witnessed in the latest teaser video released by the company. Further, it highlights vertically-stacked headlamp units with LED DRLs and LED connected tail lamp units of this updated model. This lineup is also graced by new 16-inch alloys as well. But, the major changes are incorporated inside the cabin which looked a bit dated in the case of the Mahindra XUV300. The all-new Mahindra XUV3XO gets significant modifications while sporting a new dashboard having a redesigned center console. Besides this, it has also got a new touchscreen infotainment system and automatic climate control unit. It comes with front ventilated seats, even its steering wheel looks new. The XUV3XO comes with a panoramic sunroof, making it the first model in its segment to get this feature. As we know that the other sub-4 meter compact SUVs have a standard electric sunroof. It is already known that the present Mahindra XUV300 performed handsomely in the Global NCAP crash tests. It has secured a full five stars in the adult occupant protection category and four stars in the child occupant protection category. Now, we are expecting the same with the all new Mahindra XUV3XO to have high safety standards with features like all four disc brakes, six airbags, 360-degree camera and electronic stability control, among others. Image Source Previous article Next article Get latest news and views related to startups, tech and business Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.

AutoNxt Automation raises $3M in a pre-Series A round

AutoNxt Automation, a startup specializing in electric powertrain and off-road autonomous technology, has raised around $3 million in a pre-Series A funding round led by Saama. The startup will be launching India's first electric tractor with self-driving options, designed for commercial use in various sectors such as biomass plants, airports, construction, agriculture, later this year.

https://indianstartupnews.com/funding/mumbai-based-autonxt-automation-raises-usd-3m-in-a-pre-series-a-round-led-by-saama-others-4475327?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

0 Share this article If you liked this article share it with your friends.they will thank you later

Eberhard critiques Tesla's cancellation of low-cost car plans

Tesla's co-founder, Martin Eberhard, labeled it regrettable that Tesla ditched plans for a budget car amid China's stiff competition. Speaking at the HSBC Summit in Hong Kong, Eberhard reacted to reports on Tesla halting its affordable vehicle project, a key growth driver investors anticipated.

https://www.thehawk.in/posts/former-tesla-ceo-eberhard-says-'shame'-company-is-cancelling-low-cost-car-plans?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Tesla Co-Founder Eberhard expresses disappointment as Tesla cancels its affordable car project amidst growing competition in the Chinese market, impacting its expansion plans. Hong Kong: A Tesla Inc founder and former chief executive, Martin Eberhard, said on Tuesday it was a "shame" to hear that the company was scrapping its low-cost car plans amid fierce competition in China. Eberhard was speaking at the HSBC Global Investment Summit in Hong Kong. Reuters reported on Friday that Tesla was cancelling its long-promised inexpensive car that investors had been counting on to drive its growth. Reuters New The Hawk E-63, Industrial Area, Bahadrabad Haridwar (Uttarakhand) 249 402 Copyright thehawk.in

Tesla settles case over autopilot crash that killed Apple engineer in US

Tesla has settled with the family of Apple engineer Wei Lun Huang who was killed when his Model X crashed in Silicon Valley six years ago. Huang was travelling along a highway when his Model X drove into a concrete median, fatally injuring him. His family argued Tesla was negligent and careless in building and marketing the 2017 Model X.

https://www.ndtv.com/world-news/tesla-settles-case-over-autopilot-crash-that-killed-engineer-in-2018-5403241/amp/1?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Wei Lun Huang was traveling using an autopilot feature when the Model X drove into a concrete median Tesla has settled with the family of an Apple engineer killed when his Model X crashed in Silicon Valley six years ago, avoiding a trial, according to court filings Monday. A jury trial was to start next week in a wrongful death suit that accused Tesla of not living up to its marketing when it came to driver-assistance and safety technology in its cars. Court documents filed Monday said Tesla and the family of Wei Lun Huang had reached a settlement, and that Tesla is asking the amount involved remain under seal. Huang believed that Model X technology would eliminate risk of harm to the driver "caused by the vehicle failing to drive at safe speeds, failing to operate only within marked travel lanes, failing to avoid other vehicles or obstacles while driving on highways, or accelerating into fixed objects or vehicles while in autopilot mode," the original complaint contended. Huang was traveling along a highway in the California city of Mountain View in March of 2018 using an autopilot feature when the Model X drove into a concrete median, fatally injuring him, according to the lawsuit. Huang's family argued in filings that Tesla was negligent and careless in building and marketing the 2017 Model X. US regulators determined that Huang did not have his hands on the steering wheel at the time of the accident, despite alerts from the Autopilot driver assistance software to do so. Tesla has stood by the safety of its cars and Autopilot features, which it has warned do not free drivers from paying attention. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) "Told Rohit Sharma I Don't Have Enough Confidence": Virat Kohli's Honest Revelation To PM Narendra Modi Track Latest News Live on NDTV.com and get news updates from India and around the world. This website follows the DNPA Code of Ethics Copyright NDTV Convergence Limited 2024. All rights reserved.

A natural progression for Tesla to provide EVs in India: Elon Musk

Tesla CEO Elon Musk said it'll be a natural progression for Tesla to provide electric vehicles (EVs) in India. This comes amid reports that Maharashtra, Gujarat and Telangana governments extended land to Tesla to set up an EV factory, which would be built with investment worth $2-3 billion. Musk, however, didn't disclose which models Tesla will begin providing in India.

https://auto.hindustantimes.com/auto/electric-vehicles/tesla-electric-cars-coming-to-india-elon-musk-spills-the-beans-on-timeline/amp-41712623185730.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Pune now has more two-wheelers than entire population

Pune grapples with a surge in vehicle registrations as the total number of two-wheelers is now more than the entire population as per 2011 census. With motorcycles and cars dominating the roads, there's a growing need to enhance public transport services to reduce reliance on private vehicles. Efforts are on to mitigate pollution through technology upgrades and green fuel initiatives.

https://trak.in/stories/pune-now-has-more-two-wheelers-than-total-population/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Rohit Kulkarni Apr 09, 2024 A substantial number of increase in the number of vehicles registered in the city has been revealed by the Pune Regional Transport Office (RTO). Signifying a substantial rise in the vehicle ownership, the total has reached to 47,24,961, which surpasses the population count recorded in the 2011 Census. A Looming Threat to Infrastructure and Environment The number spells doom and has aggravated the infrastructure challenges and environmental concerns and has exacerbated the traffic congestion. Sanjeev Bhore, RTO official highlighted the unprecedented surge in vehicle registrations. Out of the total numbers, motorcycles form the majority with 34,66,987, this is followed by cars which stand at 8,45,526. Further inundating the Pune roads and leading to daily gridlocks across the city are auto-rickshaws (14,700) and cabs (46,335). Director of Climate Collective Pune Environmental Foundation, Vaishali Patkar, emphasised the need to improve the public transport facilities. Highlighting the foundations repetitive urge to authorities regarding the improvement in public transport, she said that For the past 10 years, we have continuously urged authorities like the Pune Municipal Corporation (PMC), Urban Development Department, Pune Mahanagar Parivahan Mahamandal Ltd (PMPML), and Pune Metropolitan Region Development Authority (PMDRA) to enhance public transport services. If public transport is enhanced, citizens will be less inclined to opt for private vehicles. Challenges & Impacts of Rising Private Vehicle Numbers Underscoring the rise in private vehicle numbers as well as the menace that it poses, Senior Programme Director at the Centre for Environment Education, Dr Sanskriti Menon said that Congestion not only leads to lost time but also stress and road rage. Air pollution from vehicle emissions poses serious health risks, affecting various organs beyond the respiratory system. Moreover, the citys reliance on private vehicles hampers inclusivity, making navigation difficult for children, elderly, women, and people with disabilities. Further highlighting the adverse impact of road widening initiatives which include chopping off of trees, she said that Widening roads and building flyovers attract more private vehicles, worsening congestion. This approach also compromises pedestrian safety, with footpaths and cycle tracks being sacrificed for road expansion. One overlooked element that is being impacted is the impacted groundwater. She added that One more impact, which is not evident, is the rise in vehicle numbers also impacting groundwater. These 47 lakh bikes and cars also need to be parked somewhere. Advanced Center for Water Resources Development and Management (ACWADAM), an organisation working on groundwater management, has cautioned that the new buildings are being built with two or three floors underground, and such excavation has depleted groundwater levels across the city. While acknowledging the impact of increased vehicle numbers, the Environment Officer at PMC, Manesh Dighe pointed out one positive aspect that the vehicles manufactured with BS6 technology, produce less pollution. He said that Old vehicles will be phased out over time, and PMPMLs focus on green fuel for buses, such as CNG or electric vehicles, is a step towards mitigating pollution. Previous article Next article Get latest news and views related to startups, tech and business As disease rates rise and medical technology develops, treatment costs climb. Its essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on [] In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones. iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the [] Around 300 workers at Microsoft Corp.s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US. Here, Microsoft Corp.s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at [] Indias air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded Indias ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like [] Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.

BMW Group India logs growth in car and motorcycle sales in Q1

Luxury car maker BMW Group India on Monday said it closed the first quarter of the calendar year 2024 delivering 3,680 cars and 1,810 motorcycles.According to BMW Group India, it has sold 3,510 units of BMW and 170 units of MINI and 1,810 motorcycles (BMW Motorrad).BMW Group India's Q1 Car Sales Soar by 51%".

https://investmentguruindia.com/newsdetail/bmw-group-india-logs-growth-in-car-and-motorcycle-sales-in-q1211217?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Tata Power launches rooftop solar initiative for homes in UP Honda India Foundation (HIF) signs MOU with Marriot Group of Hotels Accel to host India`s largest Cybersecurity Summit on July 25 Bajaj Auto launches world's first CNG-powered motorcycle `Freedom 125` Government makes ISI mark mandatory for steel & aluminium utensils to ensure safety... After Eiffel Tower, UPI goes live at another location before Paris Olympics After Apple, Google set to manufacture Pixel phones in India Over 9 bn eSIM-capable devices to be shipped by 2030 globally CREDAI - COLLIERS Developer Sentiment Survey `24 : More than 50% of Developers Seek... India ranks 3rd in fintech funding globally in Jan-June period Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Luxury car maker BMW Group India on Monday said it closed the first quarter of the calendar year 2024 delivering 3,680 cars and 1,810 motorcycles. According to BMW Group India, it has sold 3,510 units of BMW and 170 units of MINI and 1,810 motorcycles (BMW Motorrad). Vikram Pawah, President, BMW Group India said, BMW Group India has posted strong performance in the first quarter of the year. Breaking earlier records, Q1 car sales achieved new heights with successful growth of 51 per cent. Asia weighs mixed China data, Brent clears 2021 highs MKP Mobility touches roof on acquiring 49% stake in CMR-Kataria Recycling 128 startup founders urge TRAI not to impose telecom licensing on OTT platforms Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

Ravi Kant on Tata Motors' EV dominance

Former Tata Motors CEO Ravi Kant lauds the company's electric vehicle (EV) strategy, predicting its continued dominance in the Indian market. He attributes success to early investments in EV technology and a comprehensive approach. With government support and consumer interest growing, Tata Motors is poised to lead India's transition to sustainable mobility.

https://www.thecore.in/business/singular-path-forward-says-former-ceo-ravi-kant-on-tata-motors-ev-dominance-4471958?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Given India's constraints, a company cannot afford to spread its resources across multiple technologies, Kant said. Homegrown car manufacturer Tata Motors' foray into electric vehicles (EVs) and becoming a market leader, is a story of catching a trend early. The company understood quite early that electrification was the future, and put the necessary resources into it, and the benefits of which it is reaping now. In 2023, the company had over 70% market share in the EV space. ?They have taken the first step, absolute clarity, no hesitation, and they're putting in a lot of resources as far as design, quality, everything is concerned. And that's how they have taken the lead and they want to grow the electric market,? Ravi Kant, former chief executive officer of Tata Motors, told The Core. According to Kant, given India's constraints, a company cannot afford to spread its resources across multiple technologies. With limited resources, it must select a singular path and concentrate all efforts towards its advancement. ?So many other electric, I don't want to name, but it fritters away energy. It fritters away the focus. Can you imagine that the same model is there in four variants? You have to have procurement, you have to have manufacturing, you have to store them, you have to have dealers,? Kant said. In this week?s The Core Report: Weekend Edition financial journalist Govindraj Ethiraj spoke with Kant on his book Leading from the Back and on his insigh... Homegrown car manufacturer Tata Motors' foray into electric vehicles (EVs) and becoming a market leader, is a story of catching a trend early. The company understood quite early that electrification was the future, and put the necessary resources into it, and the benefits of which it is reaping now. In 2023, the company had over 70% market share in the EV space. They have taken the first step, absolute clarity, no hesitation, and they're putting in a lot of resources as far as design, quality, everything is concerned. And that's how they have taken the lead and they want to grow the electric market, Ravi Kant, former chief executive officer of Tata Motors, told The Core. According to Kant, given India's constraints, a company cannot afford to spread its resources across multiple technologies. With limited resources, it must select a singular path and concentrate all efforts towards its advancement. So many other electric, I don't want to name, but it fritters away energy. It fritters away the focus. Can you imagine that the same model is there in four variants? You have to have procurement, you have to have manufacturing, you have to store them, you have to have dealers, Kant said. In this weeks The Core Report: Weekend Edition financial journalist Govindraj Ethiraj spoke with Kant on his book Leading from the Back and on his insights and learnings from a long corporate career. Edited excerpts: You've been at the helm of many companies in consumer products like Phillips, Lohia Machinery Limited (LML), and so on. So why a theme like this (for your book), and what brought you to this theme, and then what made you write about it? I've been asked to write books on what I did or what happened during my tenure in different companies, but I've been extremely reluctant to do that because I don't want to write about that. Then, about four years ago, somebody told me, why don't you write about your learnings? That made me pause, and I said, okay, why not? Then he suggested, that you always test the limits, why don't you think about testing the limits? And that was the first cue. Second cue, I got was, again, another close friend, a business associate. I asked him how do you think you described my way of working? And thought for a minute, then he said: Ravi, you lead from the back. And that's when the penny dropped. And I said, okay, so let me go back. What does it mean? Because he was from advertising, I had huge respect for him. I went back and deconstructed the entire thing of what leading from the back means. I went back to my 50 years of experience, and then I culled out three basic, simple truths. One about myself. First, because you have to talk about yourself, then it is how to build a team. And number three is how together you tackle the task. Because ultimately, as a corporate person, you have to tackle a task. In each of these three, there are three simple things, again, but very difficult to implement. In the first one, what do I do with myself? The first is to have an open mind. Number two is to take ownership. And number three is to be detached. Sometimes it may seem contradictory. We'll talk about it later. About the teambuild trust, be collaborative, leverage strengths. And for tasks, test the limits, look outside, and act up softly. The question was, how do I make it happen? Then somebody suggested it's good for a parable. And that also set me thinking: okay, what does it mean? I was writing a serious book. I went through some of the books and parables. I said, that's very interesting because my target group was mid-level managers and I wanted it to be a low-priced book so that people wouldn't think twice about buying the book, although it was a somewhat difficult topic. That's how it came. Let me begin sequentially. You said first is what do I do with myself? What part, or rather where in your career did you pose that question to yourself first in which, let's say, organisation or task that you were faced with? When we were going to bidding for, Daewoo Group, South Korea. They don't speak English. An English-speaking mid-level manager was assigned to us. I was standing in the anteroom of the president, just with them, just the two of us. And I thought, as we are doing the due diligence and we want to take over the company, but we are not taking an innate company. We are not taking a piece of machinery. We are taking living organisms. And therefore we must know how these people perceive us or what they want. I asked him, who do you think you would like to go with? And he said that we would like to go with a European company. I asked him why. And he said that because it will ensure our career, it will ensure our future because we will get technology, we will get this thing, which if you were a closed mind, you would say, no, what the hell? He doesn't know me. If you are full of ego, you will say, he doesn't know me. And why is he saying this? But with an open mind. if you think about it, then you feel that what he is saying is right, because he needs to protect his career, he needs to protect his future. And that one sentence made the whole difference, in our whole approach to taking over. We got everything translated into Korean. We took appointments with all from the president, trade minister, governor, everybody else, and we informed them, told them, look, as Korea had made tremendous progress in technology and in business and all that, but they were lacking in one thing, corporate governance. And Tatas has been doing corporate governance for over 100 years. We had to teach them something, as we were to take something. And the other thing is, Tata Motors was into R&D (research and development), and into well connected worldwide with various things that changed the whole tone. And when my team was coming back after due diligence, they became emotional and said, if the company was to go to anybody, it must go to Tatas. It was not (about) the money that we were offering. It was the way we acted with them with a very open mind, that changed everything, and actually made us win the pitch. And later, or soon later, you were to acquire Jaguar Land Rover (JLR), which was, of course, iconic in very different circumstances. How did a similar situation play out there as well? The template was the same. What was our template in South Korea? Our template was: Be a South Korean company in South Korea, not an Indian company in South Korea. It's a subtle difference, but a huge difference. That means you are seeing yourself as part of that scenario, not as somebody going from here and acquiring. You are part of them, and you are therefore looking at the well-being of people. You are looking at the well-being of society. That's the Tata ethos. And we applied exactly the same template here (Jaguar) also. Here also, we had a very tough problem because the union was very strong, and they were supposed to be leaning towards some others. We had a three-hour confrontation, not a confrontation, but a very tough discussion. They came with an eleven-page or twelve-page questionnaire, and they kept asking questions, and it was eyeball to eyeball. Answers, answers, answers. After all this was over, then my colleague said: Sir, it has gone very tough. I don't think it is going to happen. But something inside me told me that, no, I think we have been very honest, very transparent, and they will accept us. And lo and behold, two days later, they went to a press conference. They said the company must go to the Tatas. What I'm trying to say is, that it is this kind of attitude that can win over people and which can make things happen and get extraordinary results. Intuitively, JLR is a company with globally iconic automobile brands. From India Tata Motors is better known at that time, at least, as a commercial vehicle manufacturer. There's no real synergy. As people Tatas are great, but they're only known in India and not outside. What is it that was the clinching point in at least those interactions that you had? Just taking your point a little further. The president of the dealer association in the US called us a tandoori chicken company, and he said, how can a tandoori chicken company take over iconic brands like this? But we found various things, which I think many people were not aware of, and I'll list out four or five things. Number one is, although they were not known for quality, I think our predecessor had spent a lot of money and made the manufacturing quality very good. And therefore the products which are going to come out were going to be of high quality. Then their engineering was very strong, and their style was very strong. And the kind of products we saw in the pipeline, we were very enthused that not only what was going to come in the next year, but over the next four or five years, it was strong. And because they were strong in engineering, they could continue to give. The third thing, we found out was that even though the dealers were under stress, their loyalty to the brand was amazing. I have never seen in my life that kind of brand loyalty, that the dealers had for the Jaguar and Range Rover brand. And I thought, if this is the case, and if we were to combine some strengths from Tatas, like our focus on cost and our focus on consumer orientation, then we can make a very powerful thing. I think that's what we discussed. Mr (Ratan) Tata was of course here very involved. And he's the one who suggested that we should look at it. And finally, of course, it all happened. And Mr Tata and I and some other people went around the US meeting dealers. We must have met scores of dealers. And at the end of the day, people understood who Tatas was, because Mr Tata himself was personifying the group. The same person, the Tandoori chicken person, became a best friend. What I'm trying to say is, while cut and dried, things are fine and they should happen. But I think success depends a lot on other things, the soft issues, how you behave with people, how you deal with people and that kind of thing. The second point you talked about is building the team either for a task or a company as a whole. But I'm assuming, since you've always been with mature businesses, it could be more sort of fresh teams or renewed teams, or for certain tasks. What are the examples that stand out the most to you as you look back? I worked in seven companies, each in a different industry, and of which I had no knowledge therefore, how do I succeed? From scooter company to Phillips, from Phillips to Tata Motors, and before that, Titan watches or Hawkins pressure cookers. With some stroke of luck, I got into the new company, but I have no knowledge of it. How do I do? What do I do then? I went alone. I did not go with the coterie of my people, because by going alone, I'm giving them the signal that I am trusting you. I have not brought my trusted people along with me, whom I'm going to trust. That's how we built trust. The main thing was building trust. It takes time. Some people begin to understand you in three months and say, okay, this guy is okay. Some people will take years, some people will take two years. Some people may not trust you at all, but you have to take that chance. But once you build that trust, they are building a very strong foundation, because then trust leads to collaboration, a strong collaboration. And if you identify people's strengths, so you can understandtaking people's strengths, individual people's strengths, in a collaborative manner, where there's trust pervading, you are making for a very powerful organisation. And you may be thinking that, okay, I'll go from here to there, but this organisation can go from here to there. That is the difference. In the case of Tata Motors, when you joined, these big acquisitions were still a little away. At that time, it was more about launching, let's say, Nano, which didn't do that well, and Indica or Indigo, which already, came, I think, a little later. But these were existing. But Tata has already transitioned from commercial vehicles to passenger vehicles. Was just transitioning. What were the kinds of challenges, then? From the outside, it seemed like a lot of people felt that Tatas would not succeed in the passenger vehicle because they said for decades, it's only built commercial vehicles, many of them out of Jamshedpur, some from Pune, and so on. Let me go back a little, because I became the CEO of the company a little later, in 2005, I think. For the first six years, I was only in commercial vehicles, looking after commercial workers. That time, unfortunately, the market tanked. And, commercial vehicles have very close connections with the economy and therefore the commercial vehicle market tanked. But in that market itself, we were able to maintain our market share. Of course, we turned in our first loss in the company's history. And that's the kind of thing I confronted or I was faced with when I joined the company. And therefore, how do you make the turnaround? And of course, several things were done. Cost reduction was one of the key ones. Then new products and changing other things. So many things in marketing and all that. We were able to convert a Rs 500 crore loss into a Rs 500 crore profit in just two years. That was a fantastic thing. And that's how people came together because successful companies also have a lot of egos. People say, no, it can't happen, but it happened to them and therefore you challenge them. Now it has happened. Now let's pull up our socks and do something as a team. And things happened and we came out of the woods and we made a gain. Then another big thing happened: the introduction of Ace. We don't talk about that. But Ace created a new market, equivalent to the existing commercial vehicle market. That is how big that transformation was, Ace. It was a roaring success. Ace, for those who don't know, would be a small truck, right? A mini truck. It's the last mile of connectivity, whether for urban areas or rural areas. And it exceeded all our expectations. We were flabbergasted by the success of this. We had not thought it would succeed. Where did the idea for Ace come from? Number of places because one thing was there at that time. Mr VajpayeesPradhan Mantri Gram Sadak Yojana was ongoing and therefore these (roads) were getting connected. Rural areas and urban areas were getting congested. Then somebody suggested, why don't you have this kind of vehicle? We put together a team and they went around the country. They looked at three-wheelers because this need was being met by three-wheelers. They looked at the need, they came up with a fantastic product called Ace. And again, Tata Motors had this huge reservoir of talent. As far as low price is concerned, the economy is concerned. They came up with this beautiful thing and we launched it. We launched it first in Tamil Nadu. We sorted out all the problems. I remember we launched in Tamil Nadu and it was called Chhota Hathi. What do you call in Tamil? Chinna (Yannai?). It became a roaring success. And we started doing 600 a month. And then somebody said, no, it's not going to sell more and all that. We said, nothing doing, in India, there's no such thing as can't be doing more. We again challenged ourselves, and we reached a level of almost 1,850 per month, just one product in Tamil Nadu, which was our weakest market. As you know, our competitor had a very strong market. Ashok Leyland. Yeah, yeah. We did very well and then slowly expanded to the entire south India. And then we took almost 9-10 months to cover the entire country. And that model continues today in roughly the same form and shape. With some innovations. It's got variance. It's got variance for the upper side, lower side, horizontal, and all that. We built a whole new plant in Uttarakhand for Ace. Ace was a success. And you were saying the transitioning to passenger vehicles. Tell us about the team factor that was playing there. I think the person who spearheaded the Ace project was asked to also spearhead, now the Nano project. Unfortunately, it didn't succeed. But as far as innovation is concerned, it is kind of unheard of. It is almost impossible to work backward that, okay, it must cost Rs 1 lakh then work backward. And if there was an imaginary car, what would be the different component prices? That's how we started from a white sheet of paper, and then the engineering team kind of looked at it very seriously. We talked to our suppliers. Suppliers played a very key role in that and making it happen. And after that, we did several things, and therefore, it came out after seven years in a different form. I think it's a tribute to the organisation, a tribute to the excellence of Tata Motors, especially the engineering team. If I were to just build on that for a moment, if you were to apply those lessons today to any company, including in, automotive, we're seeing so many brand launches, so many variations. What would be the lesson from Nano from then, which we can apply now, as in the good and the bad? I think the first lesson is to not think that anything is impossible, and you need to therefore work methodically and talk to people. And once you set yourself, as in the third part, test the limit. This is testing the limits of making a car at Rs 1,00,000. How do you make it happen? As I said, we had a white sheet exercise. This is the selling price. Then come back. This will be excise duty on that. Come back. This is the bill of materials, say 70% of that. And if this is the bill of material, what should the cost of tyres be, what should the cost of the engine, what should the sheet metal cost? And then you go and say, if I have to make an engine at this price, what do I need to do? That forces you to innovate. I mean, for innovation. I don't think there's any parallel in the car industry as far as Nano is concerned. It forces you to innovate, it forces you to collaborate, and it forces you to go outside the box. And I think that's what is needed. The x-factor was missing, which is why it was not successful either because of the looks, the marketing, or the branding. I think the looks were good. I've still not been able to put my finger on it. The advertising brought lakhs of people into the showrooms, lakhs of people. And out of that, at least 50% of people took test drives. It was quite amazing. And many people out of that put in money, but after that, they didn't come back. Because there were other models at slightly higher prices. I don't know. That's why I'm saying I've not been able to put a finger at it. As I said, we were very tough as far as cost was concerned, but of course we took care of people. The other thing in Nano, which I think is truly remarkable, which has not happened anywhere in the world, is we have built a complete factory in West Bengal. At the last minute, we had to make a very tough decision to move it out from there. We were moving 1,300 kilometers to the opposite side in Gujarat. On one side you are dismantling a factory bolt by bolt, machine by machine, packing it up in a container. Another side you are building another factory to take all that. On the third side, we converted part of our plant in Uttarakhand, which we had built for Ace, into making Nano. And that's how we started making Nano in small quantities. I don't think has ever happened. And it is again attributed to the team, to Tata Motors' tenacity and not giving up on anything and to have made it happen. If you would say today, just looking back who was missing in that room when suppose you had the whole team of people who designed the Nano, who are very good at, let's say, managing costs, logistics, bringing down prices, and of course, let's say the challenge of then moving the plant because of political reasons. But who would you say, in retrospect, was missing in that room? I can't think of that. But ultimately, you know, it was Mr Tata's idea that he would like to make a car at that price. Which apparently was influenced by CK Prahlad's (Fortune At The) Bottom of the Pyramid. Whatever, I am not going into all that. But he had thought of this in Geneva and he disclosed this a few years earlier in Geneva. And Mr Tata was very involved in this whole thing as to what should be the shape, what should be this thing. He used to personally come, frequently come to Pune, drive the cars in various things, see the thing, have the presentation, very involved in creating. But as I said, I'm not able to put a finger on it. But, someone was missing, you feel. I don't know how someone was missing Or if you were to contrast it with, let's say, the success of Ace or maybe some of the other passenger cars later. Yeah, it is the X-factor, which you may call, things about which you can't explain. And sometimes some things happen beyond your expectations. You are working the same thing, you are doing the same thing, some things are beyond your expectations, some things are below your expectations and that's what has happened. InLeading from the Back, you also talk about teams. That's the third factor. How do you bring together a team and the task, the assembling of the team is one thing, and then making sure that the team converges towards a task and usually an impossible task. In Nanos context, it appears to me that you had no competition except your own, let's say, will do it at a certain point in time and make and take it to the market. How does that happen? I mean, again, instances that you can lean back on where teams have come together, in some cases may be led from the back for impossible tasks. Turnaround of Tata Motors. The first one was impossible, very difficult. Then putting Cummins engines at the top of the heap as far as commercial vehicles are concerned. Then the introduction of Ace, the introduction of Nano, and the acquisition of a truck company for the first time in South Korea where people are very nationalistic, people don't speak English, and are very proud of themselves, to go and make a success of that. Or then to Jaguar Land Rover. Everywhere it's the team. Everywhere is the team. If you have a good team, if the people are very honest, people are very transparent, there's no kind of politics and all that within the group and all are moving towards one direction and you have support from the top boss, Mr Tata, then I said, nothing is impossible. That is one thing I've learned from Mr Tata, to think big and bold. I could never have imagined that we'd be making such decisions. It is, I would say the sheer influence or sheer support from Mr Tata, that one was able to decide because if things went wrong, you are still going to be there doing something. And that's how Tata Motors went from 1.9 when I joined the company, a 1.6 or 1.7 billion company to a $39 billion company in the span of 15 years. If the company had not taken such bold decisions, we wouldn't be here. One of those decisions was to become a global company, which also was sort of facilitated by the time, mid-2000s to the end-2000s. The rupee was strong, and Indian companies were acquiring overseas. The ecosystem was favourable. But that also requires taking bets. And at that time it felt that, okay, let's go outside. What were the kind of different kind of views and how did the teams come together? At that time Tata Motors was only into commercial vehicles, and commercial vehicles are a very cyclical business. It goes up 40%, goes down 70%, and this is the nature of the beast, so to say. And not only in India, but worldwide. Therefore, if you wanted to reduce the cyclicality, you needed to also put some things which were less cyclical. And that's how Ace came because smaller commercial vehicles are less cyclical and there's some phase difference and go international, go into the car business. This is all part of the same strategy, that if you were to have combined all this, then the whole company would be less cyclical, and therefore you wouldn't have to go through what happened in 1999. That was one of the things. And because you have a strong resource base in Tata Motors, in people, I think that's the biggest thing. And you have a kind of strong leadership which Mr Tata provided into really thinking big. And that gave me a lot of encouragement. And we put young people, I mean, for example, we took out young people and put them in charge of Ace. The whole team and did fantastically well. We also put a young team in Nano. We also sent a mid-level team to do this thing, due diligence, and all that for Daweoo and this thing. I would say if you give people freedom, if you look at their competencies and strengths, and give them opportunities, I have seen that nine out of ten times it works. And Tata Motors today, for example, let's say, has 80% of the EV (electric vehicle) market, it is spinning off as a separate company, and so on. Would you say that what you saw then, and were also maybe setting up and the kind of team structures and so on, is also responsible for what we are seeing today? Sure. I think the current leadership of Tata Motors, whether it is the chairman (N Chandrasekaran) or Shailesh Chandra (managing director at Tata Motors Passenger Vehicles Ltd), they have taken a big bet that electrification is the way. And if and whenever markets change, when the trend changes, then if you position yourself strongly, you have a great benefit because you can go with the wave. And that's what Tata Motors did. They have taken the first step, absolute clarity, no hesitation, and they're putting in a lot of resources as far as design, quality, everything is concerned. And that's how they have taken the lead and they want to grow the electric market. There may be other problems, other things, and all that. And they are always naysayers in society. There are always people saying, this should not be done, this thing India can't afford. But my personal view is that India cannot afford several technologies. We don't have the benefit of that luxury. And therefore, India should choose one and put all resources and just move forward. When you say different, do you mean hydrogen and others? So many things, so many other electric, I don't want to name, but it fritters away energy. It fritters away the focus. It fritters away. Can you imagine that the same model is there in four variants? You have to have procurement, you have to have manufacturing, you have to store them, you have to have dealers. People don't understand this, but a manufacturer understands this, and therefore, you're making things very complicated. That's all I'm trying to say. And therefore, with a single-minded focus and purpose, if you go ahead, which I think Tata Motors is doing, it's fantastic. If they move forward like this. The point that you made is that catching the trend, catching the trend. And you feel that today, whether you use the leading from the back or assembling teams in general, of course, successful companies by definition must be. But in general, do you feel companies are aligned well, to spot trends, to respond fast to them? I'm talking about India now specifically. I don't want to generalise, but you will see umpteen examples where people who have caught the trend have benefited immensely. I'll give one example of where I've been. Titan Watches, for example. Titan watch has done fantastic things. But one of the key things, which aided Titan Watches then was they caught the trend at the right time for watches, for quartz watches. I was there only for five years, for quartz watches. And because it was heavily dominated by mechanical watches, as you know, HMT was the king with 85-90% market share. Then Titan took the bold risk of being only in quartz watches because there was a trend of people already becoming fashion conscious, and therefore they were already into multiple watch ownership, which were being fed by smuggled watches and things like that. And therefore it caught the trend at the right time and went ahead. And you know, what happened to HMT watches later on. Later on, of course, Titan went into other retail things like jewellery and various other things. I don't want to comment, but then, because it took the bold risk, it caught the trend at the right time, and it went up. And you're also saying that, in a way, put many eggs in one basket, like whether it's in the case of electric today, or Ace at that time, or Nano, and then, let's say quartz in the case of Titan, and then for every company will have something. But don't go with five different products and try. And so catching the trend is an important thing. I mean, there are so many market researches done, whether it's qualitative, quantitative, this thing, that thing, so many things are there. I think you need to look at all that. And with that, you need to add your gut feeling. I think the gut feeling is very important in business in trying to catch the trend, kya ho raha hai, kya nahi ho raha hai (what is happening, what is not happening), that kind of thing. Let me ask you then, two questions. One time, at any time, where you felt that you were strong on your gut, but it didn't turn out as well. And the second, where, again, you relied on your gut, but things turned out well. One was, of course, I'll take Hawkins. Hawkins is a great company. I learned my marketing at Hawkins. We were selling pressure cookers. Then we thought of coming into electrical products, and we had two fantastic products. One was an infrared cooker. Quick time in two minutes, three minutes, you'll cook. The other is a slow cooker, put it overnight. Both are fantastic products, quality-wise, look-wise, performance-wise. We did many things. Many, many things. It didn't succeed. We had to finally close down. Hawkins had to close down. I felt very bad because there were very good products, extremely supported by marketing and sales and everything, but didn't work. Because perhaps the market was not ready, the consumers were not ready to go for that. But today, you see so many slow cookers in the market. There's no dearth of them, maybe they'll come back again with this. I don't know. But I'm talking about 25 years. It was way ahead of that time. We used to see Panasonic and those brands. I think it was way ahead of time, that's all I'm saying. And therefore, perhaps had become maybe ten years later, we would have got it in a better fashion. That's one, let's say things didn't work out. And on the other hand, where something you feel you were bang on. Titan. Titan Quartz is a fantastic example. The success of LML is again, a fantastic example of how people were used to one type of product. Bajaj Chetak. One type of scooter. I won't name, so scooters. And because I was coming from Titan Watches into LML, I could see the consumer was already changing. And therefore, can you add some bells and whistles and frizz and things like that, upgrade it a little, and make it a little more aspirational. And lo and behold what happens. A 9% market share turns into 32% in a very intensive, competitive, dominant industry. Can you imagine? Because we were able to catch the trend, we were able to do it. Not because you have to do certain things, no question of that. But if you are able to catch the trend, then your success is far greater than you can ever imagine. Given India's constraints, a company cannot afford to spread its resources across multiple technologies, Kant said.

E-scooter Subsidies Vital: Ather CEO Urges India for Boost

India will need to keep subsidies for electric scooters for another few years to boost the switch from polluting motorbikes, the CEO of e-scooter maker Ather Energy told Reuters on Saturday.Cash incentives are seen as key for India to achieve its 2030 goal of electrifying 70% of its two-wheeler fleet, experts say.

https://investmentguruindia.com/newsdetail/india-must-keep-e-scooter-subsidies-to-boost-adoption-ather-ceo-says349760?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Tata Power launches rooftop solar initiative for homes in UP Honda India Foundation (HIF) signs MOU with Marriot Group of Hotels Accel to host India`s largest Cybersecurity Summit on July 25 Bajaj Auto launches world's first CNG-powered motorcycle `Freedom 125` Government makes ISI mark mandatory for steel & aluminium utensils to ensure safety... After Eiffel Tower, UPI goes live at another location before Paris Olympics After Apple, Google set to manufacture Pixel phones in India Over 9 bn eSIM-capable devices to be shipped by 2030 globally CREDAI - COLLIERS Developer Sentiment Survey `24 : More than 50% of Developers Seek... India ranks 3rd in fintech funding globally in Jan-June period Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel India will need to keep subsidies for electric scooters for another few years to boost the switch from polluting motorbikes, the CEO of e-scooter maker Ather Energy told Reuters on Saturday. Industry experts believe subsidies such as cash incentives are crucial to India hitting its goal of electrifying 70% of its two-wheeler fleet by 2030, as the world's third-largest importer of oil looks to reduce dependence on fossil fuels. "We've been able to cut down a lot of subsidy reliance, but it's also come at the cost of almost a year's worth of lost growth," Ather CEO and co-founder Tarun Mehta said in an interview. Mehta was referring to the government's surprise decision in May to slash cash incentives for e-scooters to a maximum of 15% of the purchase price before tax from 40% previously. India's e-scooter market is small but growing, accounting for 5% of total two-wheeler sales in fiscal 2023-2024. Ather was one of the first to drive the pick-up in adoption with the launch of its 450 series of e-scooters in 2018, but has fallen behind larger rivals Ola Electric and TVS Motor, whose discounts have driven sales. Ather, which counts India's biggest two-wheeler maker Hero MotoCorp as its largest investor, launched a new, "family-friendly" e-scooter called "Rizta" on Saturday, priced at 109,999 rupees ($1,321). The scooter has a larger seat and storage space compared with rivals. Mehta hopes it will attract a wider range of buyers in India's populous north and west regions, helping boost sales. Loss-making Ather is focusing on top-line growth, Mehta said, but added margins would improve if sales volumes were higher. "We haven't broken even yet, I think there's still a journey, hopefully it's not very long. Hopefully the Rizta plays a meaningful role because I am happy in how margins are shaping up at a unit level," he said, without giving details. TATA AIA Life to bring in health & wellness products Hero MotoCorp rises on reporting 15% growth in total sales in June 2024 Zoomcar, the World`s Largest Emerging Market Focused Car Sharing Platform, Announces Complet... Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

India needs 10 lakh chargers to become 100% electric by 2030

Amitabh Kant, the former NITI Aayog CEO, emphasized India's need for one million fast chargers by 2030 to support the 100% adoption of electric vehicles by 2023. He stressed the importance of local manufacturing and advocated for collaborative efforts among EV players to build an interoperable charging network, that benefits the entire ecosystem.

https://trak.in/stories/india-needs-10-lakh-chargers-to-become-100-electric-by-2030-no-petrol-diesel-cars-bikes-needed/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Mohul Ghosh Apr 08, 2024 In a recent statement, Amitabh Kant, the G20 sherpa and former NITI Aayog CEO, emphasized the need for India to establish at least one million fast chargers to facilitate the widespread adoption of electric vehicles (EVs) by 2030. Kant stressed the importance of prioritizing local manufacturing over imports and advocated for megawatt-hour charging infrastructure, especially for buses and commercial vehicles. Collaborative Efforts and Interoperable Networks Kant urged all EV players and startups to collaborate and develop an interoperable fast-charging network. He emphasized the significance of collective efforts in building infrastructure to propel the EV movement forward in India. Highlighting the need to avoid technological silos, Kant emphasized the importance of a unified approach to support the growing EV ecosystem. Rapid Growth in EV Sales and Export Opportunities According to Counterpoint Research, India witnessed a significant surge in EV sales in 2023, nearly doubling from previous figures. With an anticipated growth rate of 66 percent this year, driven by increasing consumer interest, government initiatives, and infrastructure development, the EV sector in India is poised for further expansion. Kant also noted that India currently holds the title of the largest exporter of two-wheelers globally, indicating the countrys potential to become a major player in the global EV market. Previous article Next article Get latest news and views related to startups, tech and business Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.

MB Patil Cautions on Public Discussion of Tesla Investments

Karnataka Minister for Industries, Commerce, and Infrastructure MB Patil has said that there is a need for discretion regarding discussion on investments from companies like Tesla in the state and it cannot be discussed on public platforms. He also highlighted the importance of handling such matters with sensitivity.

https://newskarnataka.com/karnataka/bengaluru/minister-mb-patil-cautions-on-public-discussion-of-tesla-investments/07042024?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Taiwan reported renewed Chinese military activity on Friday, including a Following the successful block of X (formerly Twitter) for over Australian police announced on Thursday that they had located human Jay Shahs leadership and unwavering support were instrumental in Indias triumphant campaign at the ICC Mens T20 WC 2024. After In a world of constant distractions, boosting work focus is crucial. One unexpected solution gaining attention is playing online games The evolution of analog to digital gaming has been nothing short of revolutionary, unleashing boundless possibilities for players around the

"E-Rickshaw partners Revfin for consumer financing."

Electric transport company Byby e-Rickshaw on Saturday said it has partnered digital lender Revfin for a smooth financing ride for e-rickshaws.ByBy is one of the leading homegrown companies in the sphere of manufacturing e-rickshaws and has been making vehicles as well as e-loaders for the past 10 years.

https://investmentguruindia.com/newsdetail/byby-e-rickshaw-joins-revfin-to-provide-smooth-financing-ride-to-consumers369953?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Tata Power launches rooftop solar initiative for homes in UP Honda India Foundation (HIF) signs MOU with Marriot Group of Hotels Accel to host India`s largest Cybersecurity Summit on July 25 Bajaj Auto launches world's first CNG-powered motorcycle `Freedom 125` Government makes ISI mark mandatory for steel & aluminium utensils to ensure safety... After Eiffel Tower, UPI goes live at another location before Paris Olympics After Apple, Google set to manufacture Pixel phones in India Over 9 bn eSIM-capable devices to be shipped by 2030 globally CREDAI - COLLIERS Developer Sentiment Survey `24 : More than 50% of Developers Seek... India ranks 3rd in fintech funding globally in Jan-June period Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Electric transport company Byby e-Rickshaw on Saturday said it has partnered digital lender Revfin for a smooth financing ride for e-rickshaws. ByData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

EV startup Ather Energy launches its first family scooter 'Rizta'

Ather Energy has launched its first family scooter named 'Rizta,' with a starting pre-order price of Rs 1,09,999. Alongside the scooter, The company also introduced 'smart helmets' under the brand name 'Halo,' equipped with advanced technology like music, voice-call enablement, and wireless charging. The helmet is priced at Rs 12,999 and a lighter version is available for Rs 4,999.

https://indianstartupnews.com/news/ev-stratup-ather-energy-launches-its-first-family-scooter-rizta-priced-rs-109999-onwards-4470818?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

0 Share this article If you liked this article share it with your friends.they will thank you later

Can't discuss, sensitivity is vital: K'taka minister on Tesla plans

Karnataka's Industries Minister MB Patil said the state government's plans regarding Tesla "can't be entirely discussed in the public domain". "When dealing with MNCs...sensitivity is vital...This is not politics," he stated. He made the remarks after former Infosys CFO Mohandas Pai quoted a report of Telangana engaging with Tesla officials and asked whether Karnataka is also doing so.

https://twitter.com/MBPatil/status/1776174697392345459?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Tesla asks Apple to help prove driver killed in crash was gaming

Tesla has obtained Apple executive James Harding's sworn statement that proves that Apple ex-engineer Walter Huang was using his iPhone when his Tesla EV, running on Autopilot, crashed in 2018. Huang's family sued Tesla, claiming that Autopilot technology was flawed. According to court filings, Harding's statement says Apple determined that Huang was actively playing a game when his EV crashed.

https://tech.hindustantimes.com/amp/tech/news/elon-musk-is-asking-apple-to-help-in-tesla-crash-lawsuit-details-71712398500429.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

In an effort to strengthen its case in a heated lawsuit over the safety of its Autopilot system, Tesla is looking to Apple for help. The case, which stems from a fatal crash involving a Tesla Model X in 2018, resulted in a legal battle over the circumstances of the accident. The incident happened when the car, running in Autopilot mode, crashed with a safety barrier on US Highway 101 in Mountain View, California, killing Wei "Walter" Huang, a former Apple engineer. Huang's family filed a wrongful death lawsuit against Tesla, claiming that the Autopilot technology was flawed and contributed to the incident, reported9to5mac. Also read: Tesla Cybertruck owner takes Apple Vision Pro on a drive! Know what happened On the other side, Tesla claims that Huang was distracted by his iPhone while driving, especially playing a game at the time of the accident. However, data retrieved from Huang's phone by the National Transportation Safety Board (NTSB) was inconclusive as to whether he was actively using his cellphone at the time of the disaster. Tesla now aims to strengthen its case by enlisting the assistance of Apple, Huang's previous employer. The electric carmaker hopes to use Apple data analysis to prove that Huang was using his iPhone at the time of the deadly incident. According to court filings, Tesla has obtained a sworn statement from James Harding, an Apple engineering manager, who examined telemetry data from Huang's phone. Harding's investigation reveals that there may have been some user contact during the incident, such as screen touches or button pushes. However, disagreements have emerged between Tesla and Apple around the sharing of sensitive information. While Tesla seeks greater cooperation from Apple, the tech giant has refused to disclose any information, citing concerns over the leaking of confidential material. The upcoming trial, scheduled to commence next week in San Jose, is expected to delve into the issues of liability in accidents involving autonomous driving technology. With the study scheduled to last two months, the results might have far-reaching consequences for the future development and regulation of such sophisticated vehicle technologies. Tesla's request for proof from Apple highlights the complexities of the legal dispute over the Autopilot disaster, highlighting concerns about accountability and duty in the area of self-driving vehicles. One more thing! We are now on WhatsApp Channels! Follow us there so you never miss any updates from the world of technology. To follow the HT Tech channel on WhatsApp, click here to join now! Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel. Copyright HT Media Limited All rights reserved.

Never burn cash, don't sell cheap with discounts: Kant to EV firms

G20 Sherpa Amitabh Kant addressed Indian EV makers at an event and said, "Never burn cash to sell your product [and] don't sell cheap with discounts." "Build a top-class engineered product...be the pride of Make in India and be a global brand," he stated. Combustion engine technology based on fossil fuels is "dead" and the future is electric, he added.

https://www.moneycontrol.com/news/business/ice-is-dead-technology-india-should-grab-global-ev-markets-says-g20-sherpa-amitabh-kant-12587571.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Amitabh Kant, the G20 sherpa and former CEO of NITI Aayog, said that the Internal Combustion Engine (ICE) is a 'dead technology' and the way forward is electric, pushing for EV makers to make India the biggest manufacturer and exporter of electric vehicles. "We are the biggest exporter of two-wheelers in the world, ICE is a dead technology according to me and the market is disrupted with EVs and that is why players like Ather should not just make for India but for the world, " Kant said during a key note address at Ather's community day event held in Bengaluru on April 6. Kant also pushed for Indian EV players to make electric two-wheelers for the global market. "It is the mindset of entrepreneurs. India is a large market but we do not realise that export market gives 5X more of what you get in India. Everytime India has grown it has grown because of exports, " He said. He added that by 2030 the whole world will move only be electric and India must grab that opportunity. Kant's words come at a time when the central government has reduced the budget allocation for the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle (FAME) scheme by nearly 44 percent to Rs 2,671 crore for FY25, which may result in a slowdown in the adoption of electric vehicles in India. In FY24, the government allocated a revised estimate of nearly Rs 4,807 crore for FAME schemes, according to the governments budget allocation document published on February 1, 2024. MakeEV-centric curriculum Talking of skilling within the EV industry, Kant saidthe Centrehas worked with around 20 IITs and IIITs on electric mobility courses within the institutions. "We need data scientists, product developers, prompt engineers and many institutions should change their curriculum based on this," he said. Sharing some advice to EV makers, Kant said the manufacturers should not 'burn cash' by selling products at a cheaper cost with low-quality. "Never burn cash by selling your vehicles by compromising on quality... Create a brand for an aspirational middle-class Indian, " he signed off.

Tesla to unveil robotaxi in August, says Musk

Tesla will unveil its robotaxi on August 8, CEO Elon Musk said. The announcement came amid reports of Tesla scrapping plans for a less-expensive electric vehicle, which was expected to be in the range of $25,000. Musk previously said that with full self-driving, Tesla owners could earn money in future by operating their cars as taxis when not in use.

https://www.ndtvprofit.com/technology/elon-musk-says-tesla-will-unveil-robotaxi-on-aug-8?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

(Bloomberg) -- Tesla Inc. plans to unveil its long-promised robotaxi later this year as the electric carmaker struggles with weak sales and competition from cheap Chinese EVs. Chief Executive Officer Elon Musk posted Friday on X, his social media site, that Teslas robotaxi will be unveiled on Aug. 8. Shares gained as much as 5.1% in postmarket trading in New York. Teslas stock has fallen 34% this year through Fridays close. Shortly before Musk posted the news about the robotaxi, he lost the title of third-richest person in the world to Mark Zuckerberg, CEO of Meta Platforms Inc. A fully autonomous vehicle, pitched to investors in 2019, has long been key to Teslas lofty valuation. In recent weeks, Tesla has rolled out the latest version of the driver-assistance software that it markets as FSD, or Full Self-Driving, to consumers. The company has said that its next-generation vehicle platform will include both a cheaper car and a dedicated robotaxi. Though the company has teased both, it has yet to unveil prototypes of either. Musks Friday tweet indicates that the robotaxi is taking priority over the cheaper car, though both will be designed on the same platform. Reuters reported earlier Friday that the carmaker had called off plans for the less-expensive vehicle and was shifting more resources toward trying to bring a robotaxi to market. Musk responded by saying Reuters is lying, without offering specifics. Tesla also produced 46,561 more vehicles than it delivered in the first quarter, which has forced it to slash prices. US consumers have been turning away from more expensive EVs in favor of hybrid models, causing many manufacturers to rethink pushes to electrify their fleets. Splashy product announcements by Musk have always been a key part of Teslas ability to gin up enthusiasm among customers and investors without spending on traditional advertising. They dont always work: the company unveiled the Cybertruck to enormous fanfare in November 2019, but production was delayed for years and the ramp up of that vehicle has been slow. --With assistance from Catherine Larkin. (Updates with shares, additional context from third paragraph.) More stories like this are available on bloomberg.com 2024 Bloomberg L.P.

Tesla to showcase a `robotaxi` on August 8: Elon Musk

Elon Musk on Saturday said that his electric car company Tesla will unveil its robotaxi on August 8.The news brought cheers for his millions of followers.We are focused on bringing the next generation platform to market as quickly as we can, with the plan to start production at Gigafactory Texas, Tesla had said.

https://investmentguruindia.com/newsdetail/tesla-to-showcase-a-robotaxi-on-august-8-elon-musk566200?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

South Korean regulator asks Chinese e-commerce platforms` for business data Iran urges SCO countries to use its southern ports for faster and cheaper trade Samsung sets up development team for high bandwidth memory chips Hyundai`s all-electric Casper SUV`s production to begin this month World Bank classifies Mongolia as upper middle income country Hyundai Motor, LGES complete building EV battery plant in Indonesia Top North Korean leader says economy shows `definite upturn` this year ESGRC platform Xcelerate secures $52 mn to fuel inorganic growth, APAC expansion Afghan central bank auctions $15 mn to stabilise local currency SK Group chairman meets with CEOs of Amazon, Intel Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Elon Musk on Saturday said that his electric car company Tesla will unveil its robotaxi on August 8. In a post on his social media platform X, the billionaire said: Tesla Robotaxi unveil on 8/8. The news brought cheers for his millions of followers. Wow, cant wait to see a Tesla without a steering wheel, one X user commented. Another wrote that he expected the compact car and the Robotaxi to be unveiled at the same time. I expect designs and manufacturing lines for both. Please do not delay and especially do not long-delay the compact car, the X user posted. In 2019, the company had indicated operating robotaxis by 2020. However, the plan did not materialise. The latest announcement came as reports claimed that Tesla cancelled its plans to develop a more affordable EV for around $25,000. Musk earlier said the more affordable EV would be built on the electric car companys next-generation vehicle platform. We are focused on bringing the next generation platform to market as quickly as we can, with the plan to start production at Gigafactory Texas, Tesla had said. Stocks rally as U.S. earnings pick up, dollar eases for third session South Korean regulator asks Chinese e-commerce platforms` for business data Stocks climb, yields fall as data supports rate cut bets Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

India's EV sales up 66% on consumer interest, govt support

Driven by rising consumer interest, government initiatives and infrastructure development, India`s EV sales nearly doubled in 2023 and are likely to grow 66 per cent this year, a report showed on Friday.EV sales in India are expected to increase by 66 per cent in 2024 to constitute 4 per cent of total PV sales,the report mentioned.

https://investmentguruindia.com/newsdetail/ev-sales-in-india-to-grow-66-pc-this-year-riding-on-consumer-interest-government-initiatives453670?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Government sets ball rolling for Tranche-II green hydrogen projects India gives the voice to Global South on AI global forums IIT-Madras partners with industry players to offer employability-focussed programmes AstraZeneca to expand its Chennai GCC at Rs 250 crore outlay Indian FMCG sector to see revenue jump 7-9 pc this fiscal, rural demand surges Cement volumes to grow 7-8 pc in FY25, top 5 firms to solidify market share GPAI members hail India`s leadership in global AI discourse Corporate investments will accelerate North-Eastern region`s growth: Experts Indian startups raised nearly $7 billion in first half of 2024 Committed to learning from India how to make AI more impactful for society: OpenAI Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Driven by rising consumer interest, government initiatives and infrastructure development, Indias EV sales nearly doubled in 2023 and are likely to grow 66 per cent this year, a report showed on Friday. Overall, Indias passenger vehicle (PV) sales grew 10 per cent (year-on-year) to surpass 4 million units, its EV sales nearly doubled, rising 97 per cent YoY to account for 2 per cent of the overall PV sales. Data Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

Making all efforts to bring Tesla to Telangana: Minister Sridhar

Telangana's Industries Minister Sridhar Babu Duddilla said the state government is making all efforts to bring Tesla's electric vehicle plant in India to Telangana. "We have been...tracking Tesla's planned investment initiatives in India," he added. A recent report claimed Tesla would send a team to India to study sites for a proposed $2 billion to $3 billion EV factory.

https://www.moneycontrol.com/news/business/telangana-govt-in-talks-with-tesla-to-set-up-electric-car-plant-12581911.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

The Telangana government is holding discussions with Tesla by putting in all efforts to establish their plant in the state, Industries Minister D Sridhar Babu said on Thursday. In a message on X Sridhar Babu said since December 2023 the state government has been actively focusing on major investment opportunities by global giants, and as part of its focus, Tesla's planned investment initiatives in India are also being tracked. "We have been studying and tracking Tesla's planned investment initiatives in India. We have been making all out efforts to bring Tesla to Telangana for some time... Our team is continuing the dialogue and discussions with Tesla by putting in all efforts for Tesla to establish their plant in Telangana," he said. Telangana with its Industry friendly policy, is working with a progressive and futuristic vision by creating a world class Infrastructure and hassle-free permissions system to enable best-in-class companies like Tesla to do business in Telangana, he added. The minister's comments came after BRS leader K T Rama Rao in a post tagged a news report suggesting that Tesla Motors will send a team to India to scout for locations for a proposed electric car plant with a proposed investment of USD 2-3 billion. "Request Telangana Government to go all out and do your best to bring them to our state. Make sure Tesla team visits Hyderabad and understands the progressive industrial policies of Telangana Government," Rama Rao said in the post.

India EV sales to rise 66% this year after nearly doubling in 2023

Electric-vehicle sales in India are expected to rise 66% this year after nearly doubling in 2023 as state subsidies help fuel demand and supporting infrastructure comes up in the country, according to research firm Counterpoint.Vietnamese automaker VinFast also plans to invest $2 billion in the country and in February began constructing a factory in the southern state of Tamil Nadu.

https://investmentguruindia.com/newsdetail/india-ev-sales-to-rise-66-this-year-after-nearly-doubling-in-2023515737?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Government sets ball rolling for Tranche-II green hydrogen projects India gives the voice to Global South on AI global forums IIT-Madras partners with industry players to offer employability-focussed programmes AstraZeneca to expand its Chennai GCC at Rs 250 crore outlay Indian FMCG sector to see revenue jump 7-9 pc this fiscal, rural demand surges Cement volumes to grow 7-8 pc in FY25, top 5 firms to solidify market share GPAI members hail India`s leadership in global AI discourse Corporate investments will accelerate North-Eastern region`s growth: Experts Indian startups raised nearly $7 billion in first half of 2024 Committed to learning from India how to make AI more impactful for society: OpenAI Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Electric-vehicle sales in India are expected to rise 66% this year after nearly doubling in 2023 as state subsidies help fuel demand and supporting infrastructure comes up in the country, according to research firm Counterpoint. WHY IT'S IMPORTANT The rapid growth in sales comes at a time when EV growth in other key markets such as the United States and China are slowing. The report forecasts that by 2030, EVs are expected to represent nearly a third of India's personal vehicle market. CONTEXT India's EV market, small but growing, is dominated by domestic carmaker Tata Motors. Electric models made up 2% of total car sales in 2023 but the government is targeting 30% by 2030. The Indian government last month lowered EV import taxes on certain models if carmakers commit to invest at least $500 million and start domestic manufacturing within three years, a move seen as a win for foreign automakers including Tesla. Reuters reported on Thursday that Tesla has begun production of right-hand drive cars at its plant in Germany for export to India later this year. Vietnamese automaker VinFast also plans to invest $2 billion in the country and in February began constructing a factory in the southern state of Tamil Nadu. BY THE NUMBERS Tata Motors held more than two-thirds of the country's EV market last year, but lost ground to Mahindra & Mahindra and Chinese automaker BYD, according to the Counterpoint report. Mahindra & Mahindra recorded EV sales growth of nearly 2,500% last year with just one model, the all-electric SUV XUV400. BYD also made a big splash in the region last year, reporting over 1,500% in EV sales growth in the country with just two models in its India line-up, the e6 MPV and Atto 3 SUV. FPI selling in cash market so far in August likely to continue Sensex trades lower amid profit booking in largecaps Reliance Foundation has reached out to 70 mn people in India: Nita Ambani Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

Tesla begins making cars in Germany for export to India this year

Tesla has begun production of right-hand drive cars at its plant in Germany for export to India later this year, three people aware of the company's plans told Reuters, as it moves ahead with a possible entry into the world's third-largest car market.New Indian policy allows companies to import 8,000 cars yearly at reduced tax rate.

https://investmentguruindia.com/newsdetail/tesla-begins-making-cars-in-germany-for-export-to-india-this-year625937?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

PhonePe showcases its services powered by UPI at a special event in Nepal Global smartphone market up 6 per cent in Q1, revenue at highest level Will make India our global export hub: Hyundai Motor chief UK begins probe into AI partnerships by Microsoft, Amazon Tesla scouts for its first India showroom locations, sources say PM Narendra Modi`s determination set to bring Tesla to Indian roads soon, company s... Tesla begins making cars in Germany for export to India this year Tesla to search for sites in India to set up $2-3 billion EV plant Blackstone to invest $2 billion a year in India Tesla to scout sites in India for $2 billion-$3 billion EV plant, FT reports Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndiacom Download Telegram App before Joining the Channel Tesla has begun production of right-hand drive cars at its plant in Germany for export to India later this year, three people aware of the company's plans told Reuters, as it moves ahead with a possible entry into the world's third-largest car market. A team from Tesla is expected to visit India later this month to look at sites for a local car manufacturing plant that would require an investment of about $2 billion, said two of the three people, who declined to be named because the plans are not public yet. India last month slashed the import tax rate on certain electric vehicles if their makers invest at least $500 million in the country and start production there within three years. The move is a win for Tesla, which had lobbied for months for lower taxes, but faced resistance from local carmakers. "The right-hand drive cars which will be allocated to India, they have started building them," one of the people said, with some cars due to be shipped to India by the end of the year. It was not immediately clear which model Tesla plans to export to India. It currently produces only the Model Y at its factory near Berlin. Under the new Indian policy, companies can import up to 8,000 cars a year at the lower tax rate. Tesla did not immediately respond to an email seeking comment outside U.S. office hours. The plans for shipments to India are the first indication of right-hand drive (RHD) cars being produced in Berlin. Tesla's Shanghai plant, its primary export hub located nearer to right-hand-drive markets, such as Australia and Japan, has so far handled production of such vehicles. Tesla imported RHD Model Y vehicles for its launch in the UK from China and has not said whether it has shifted to importing from Berlin. The carmaker has eyed the Indian market for years and its officials visited the country several times over the past year. CEO Elon Musk also met Prime Minister Narendra Modi in New York last June. Tesla's push into India comes at a time when slowing EV demand in its main U.S. and China markets coincides with intensifying competition from Chinese players. That caused Tesla to report a drop in its first-quarter deliveries and miss estimates. Tesla's India entry plan also includes investment in a charging network, which will come on top of the $2 billion earmarked for the plant, and sourcing more components locally, said one of the three sources. "Tesla already imports parts from India and is now looking at reducing sourcing from China and making India a bigger sourcing hub," said the person. Tesla is looking at the southern state of Tamil Nadu, Maharashtra in the west, and Modi's home state of Gujarat for its factory, which it expects to build in two years, two of the sources said. India's EV market, small but growing, is dominated by domestic carmaker Tata Motors. Electric models made up 2% of total car sales in 2023 but the government is targeting 30% by 2030. In January, Tesla's Vietnamese rival VinFast agreed to invest $2 billion in India and started building an EV factory in Tamil Nadu state. Indian central bank likely to set cut-off yield for T-Bills in 6.93%-7.14% band `It was Chahal & Kuldeep`s idea`: Rohit on unique walk at podium to receive trophy JSW partners Japan`s JFE Steel to set up Rs 5,500 cr electric steel plant in Karnataka Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click HereData Source Provided Data Source Provided By : Accord Fintech Pvt. Ltd. 2023-24 INVESTMENT GURU INDIA. All Rights Reserved.

Ranbir buys Bentley Continental worth ₹8 cr, video of him driving it goes viral

Actor Ranbir Kapoor has bought a black Bentley Continental car, worth ₹8 crore, reports said on Wednesday. Videos and pictures of the actor driving his new car in Mumbai went viral online. The 41-year-old had bought a Range Rover worth over ₹3 crore last year and also owns a Mercedes and an Audi car.

https://www.freepressjournal.in/amp/entertainment/watch-ranbir-kapoor-buys-swanky-new-car-worth-whopping-8-crore-drives-it-around-mumbai?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Bollywood star Ranbir Kapoor is currently enjoying the best phase of his life, both personally and professionally, and the actor now has one more reason to celebrate as he got home a brand new luxury car worth several crores. The Kapoor scion surprised Mumbaikars as he drove the new car around on the busy streets of the city on Wednesday. Ranbir purchased a swanky new Bentley Continental, which is reportedly the most expensive Bentley at present. The actor paid a staggering amount of Rs 8 crore for his new set of wheels. He was seen driving the car around Mumbai as the locals gaped at the swanky new beast on the road and recorded videos. Ranbir is currently basking in the success of his last release, Animal, which earned around Rs 900 crore globally. Despite releasing in theatres in December, the film finds itself in headlines till date, and it has also emerged to be one of the most streamed movies on the OTT giant, Netflix. Ranbir will be next seen playing the role of Lord Ram in Nitesh Tiwari's Ramayan, and the film reportedly went on floors on Tuesday with a special pooja. The actor has also been sporting a clean-shaven look of late and a lean, muscular body to play Lord Ram on screen. A few days ago, he was also captured training with bows and arrows, which will be an essential part of his role. Besides, Ranbir is also set to reunite with ace filmmaker Sanjay Leela Bhansali in the film Love and War, which is set to hit the silver screens in 2025. It will also star Alia Bhatt and Vicky Kaushal as the leads. Free Press Journal

Tata vs Hyundai: EVs' role in auto sector rivalry

Tata Motors and Hyundai vie for second place in India's auto sector, with electric vehicles (EVs) as a key battleground. Tata leads in EV sales, while Hyundai is catching up with new launches. The growing Indian EV market is reshaping strategies, as both companies adapt to meet increasing demand and changing market dynamics.

https://www.thecore.in/business/tata-motors-hyundai-auto-nexon-creta-evs-suv-india-4447080?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

While Tata Motors has been able to establish itself as a market leader in electric vehicles in India, Hyundai Motors India is likely to catch up soon. This is part two of a two-part series on the growth of Tata Motors and Hyundai Motor India. Read part one here. Tata Motors has been the unexpected winner of the electronic vehicle (EV) game in India, something that has come as a surprise to many including its competitors. ?I remember when we used to find it difficult to sell a Rs 3 lakh Indica? today Tata Motors is selling Rs 30 lakh cars, which I never imagined,? a former Tata Motors business unit head and assistant general manager said, requesting anonymity. Despite a slowdown in sales across the globe, the sale of EVs in India appears to be experiencing exponential growth. In the fiscal year (FY) 2024, the sales of electric passenger cars and SUVs reached 90,033 units, nearly doubling from the 47,544 units sold in the previous fiscal year. Tata Motors sold 70% or 63,545 of them in FY2024, driven by the popularity of models such as the Nexon EV, Tigor and Tiago?s electric variants, and most recently, the Punch EV. Sales have doubled almost every year since the launch of the Nexon EV in 2020. In FY2021, it sold 4,218 units; in FY2022, 19,106 units; and in FY2023, 47,792 units. The last six years saw an unprecedented EV boom in the country ? 95% of all the EVs sold happened be... This is part two of a two-part series on the growth of Tata Motors and Hyundai Motor India. Read part one here. Tata Motors has been the unexpected winner of the electronic vehicle (EV) game in India, something that has come as a surprise to many including its competitors. I remember when we used to find it difficult to sell a Rs 3 lakh Indica today Tata Motors is selling Rs 30 lakh cars, which I never imagined, a former Tata Motors business unit head and assistant general manager said, requesting anonymity. Despite a slowdown in sales across the globe, the sale of EVs in India appears to be experiencing exponential growth. In the fiscal year (FY) 2024, the sales of electric passenger cars and SUVs reached 90,033 units, nearly doubling from the 47,544 units sold in the previous fiscal year. Tata Motors sold 70% or 63,545 of them in FY2024, driven by the popularity of models such as the Nexon EV, Tigor and Tiagos electric variants, and most recently, the Punch EV. Sales have doubled almost every year since the launch of the Nexon EV in 2020. In FY2021, it sold 4,218 units; in FY2022, 19,106 units; and in FY2023, 47,792 units. The last six years saw an unprecedented EV boom in the country 95% of all the EVs sold happened between FY 2019 and 2024. The Tatas happened to tap into the segment at the right time. Tata Motors has been making cars in India for decades, but it has found its place in the limelight only in the last few years thanks to the success it has seen in the EV segment. Maruti Suzuki still holds the coveted number-one spot in terms of sales, but it still does not have an EV. This is because the company is unsure about the increased interest in EVs converting to sales. It has also been waiting for costs to come down. Instead, Maruti has established itself as a hybrid leader, with six models launched already. It is betting heavily on the strong hybrid category with a Toyota 1.5-litre, three-cylinder powertrain being used in an upcoming variant of the Grand Vitara. To be sure, Marutis bet seems to be on point as interest in EVs is dipping and demand for hybrids is rising the world over, a Deloitte report showed. Tata Motors and Hyundai Motors India are locked for the number-two spot, with each one overtaking the other almost every few months. In part one we followed the unique journeys of the two automakers in the last two decades. Now the question is will EVs decide who wins the crown? EVs are estimated to make up 20-25% of the Indian car market by 2030. But there are still other alternative energy options. So you still have a vast market, which is either gas-based, CNG-based, gasoline-based or hybrid-based, Puneet Gupta, director of Indian Automotive Market at S&P Global Mobility, told The Core. One has only to look at the slowing China market, thanks to a drop in consumer spending and reduced government subsidies, to remain cautious about the EV bet. And yet, the industry outlook remains optimistic for India. What also cannot be ignored is Tata Motors meteoric rise to number two in the last decade, propelled in part by its EV bet in the last three years. All the market leaders in India, Gupta added, have their strategies and bets to hedge on. Everybody is putting its eggs in all the baskets trying to mitigate the risk. In FY2023-24, Hyundais Indian arm achieved record-breaking sales of 7,77,876 units marking an impressive 8% year-on-year growth. This includes both domestic sales, which hit a record-breaking 614,721 units, and exports as well. The driving force behind this was its best-selling compact SUV, the Creta, alongside other models like the Venue and the Exter, launched just the previous year. Hyundai Motor India introduced several new models and product upgrades in 2023, including the Exter, the new Creta, Creta N Line, new i20, and the introduction of ADAS (advanced driver assistance system) in Hyundai Venue and Venue N Line variants. Tata Motors, meanwhile, has been steadily narrowing the gap with Hyundai in recent years, achieving its highest-ever annual sales of passenger vehicles at 5,73,495 units. Tatas sales were driven by its SUVs and electric vehicles bestsellers included the long-time favourite Nexon, and Tatas rival to the Exter, the micro SUV Punch. While Tata doesnt publish sales figures of individual EV models separately, 73,833 of its total sales volume was EVs in FY2024. Tata's rise in the ranks, from 6th place in 2015 to 3rd since 2020, is indicative of its growing influence in the Indian automotive market. Since 2021, Tata beat Hyundai for second place four times in monthly sales, including in February 2024. In March 2024, Hyundai's domestic sales rose by 5% to 53,001 units. Tata Motors recorded sales of 50,297 units in March 2024, up 14% from 44,225 units in March 2023. This wasnt always the case. In part one, we wrote about how the two auto giants took very different paths to establish themselves in the Indian market. Tata Motors trudged along in the last two decades, learning harsh lessons from failures (like the Nano), and how a leadership shakeup ultimately led to the company reinventing itself. Meanwhile, Hyundai stayed steadfast, focusing on improving quality and design, all throughout. And now, here we are, with both companies neck to neck, and following distinct strategies. As Tata Motors announced the demerger of its commercial vehicle and passenger vehicle (PV) businesses, Hyundai is reportedly planning to list its Indian arm Hyundai Motor India Limited (HMIL) for an initial public offering worth $3 billion this year. Reports have also surfaced that its EV subsidiary, Tata Passenger Electric Mobility Limited, is gearing up for an IPO in the financial year 2025-26. As market sentiments in the auto industry shift, Tata Motors intends to maintain its focus on EVs, leveraging its expertise in this segment. Meanwhile, Hyundai is poised to ramp up efforts to penetrate the EV market while also strengthening its SUV segment, which remains a top choice among Indian car buyers. In FY2024, EVs in the passenger vehicle segment registered a growth of 89% year-on-year according to Vahan data as of March 31. The models and companies making them have also grown. According to data compiled by auto research firm Jato Dynamics, the number of mass-market models has increased three times in 2023. It has grown from just four models by three manufacturers before the pandemic to 12 by seven companies last year. While Tata Motors was busy grabbing the largest chunk of the EV pie, its rivals have been reticent. Maruti Suzuki, the largest car maker in India, will launch its first EV only next year. Hyundai, which has firmly held on to the second spot (despite a tight race with Tata now) plans to charge in this year. Despite launching the Kona Electric in 2019, Hyundai holds only a 2% market share in India's EV space. Priced higher than competitors like the Nexon EV (the Kona starts at Rs. 23.84 lakh, as opposed to the Nexon EV at Rs 14.49 lakh) and hindered by limited charging infrastructure, the Kona Electric struggled to make a significant impact in the market. In FY2024, Hyundai sold 1,822 EV units, mainly driven by its premium offering the Ioniq 5, launched last year. The company has plans to launch a line of new EVs in the next year or two, including an electric variant of its bestseller, the Creta and an Exter EV variant. It is a wise move as the push from the Indian government and improving charging infrastructure is driving adoption. New entrants as well as established players are increasingly looking to expand their EV offerings, given the governments apparent green push. The now-expired FAME-II scheme subsidised the costs of commercial cars and also pushed for building charging infrastructure. It is expected to be extended in the budget but as of now, the extension (with a Rs 500 crore outlay) is only for two and three-wheelers Plus, last month the government announced lowering import duties on EVs to 15% for premium vehicles (with terms that would push for more domestic manufacturing), which might pave the way for more global players (like Tesla) to enter the Indian market. Mahindra & Mahindra is planning to roll out five new EVs in the coming years. Maruti Suzuki, which has been relatively slow to get to EVs, might release its first model the eVX, by the end of this year or 2025, and aims to have six models in the next seven to eight years. Tata has been quick to tap into this rising segment, while Hyundai is all set to dive in this year. After the subcompact SUV Nexon, initially meant to be a bridge offering, became a hit thanks to its design, features and competitive pricing, Tata launched the Nexon EV in 2020. It came at a time when the appeal of SUVs was growing. It came with a choice of two engines, diesel and petrolthe same formula that had worked with Indica in 98, was applied in a more growing segment and it was made very aspirational, Hormazd Sorabjee, editor of Autocar India, told The Core. Like its ICE variant, the Nexon EV was a hit and is still the highest-selling EV in India, crossing 50,000 unit sales in June last year. The cars safety features, connected car technology, and design, as well as its affordability as a long-range car, propelled it to the top. Soon after, Tata launched the Tigor and Tiago EV variants. While the Nexon was pitched as a personal car, making EVs aspirational, the company entered the fleet market with Tigor, taking advantage of the FAME-II subsidy, which drove volumes. The first phase of its electrification journey was low-investment and low-risk, Tata Motors chairman Shailesh Chandra had said in an interview in 2022. It involved converting existing ICE variants to electric. What helped, along with this strategy, was that they were the first in the market with proper high-voltage architecture. The Tata Group announced in 2020 that six companies from the group (Tata Motors, Tata Power, Tata Chemicals, Croma, Tata Auto Components, and Tata Motors) are coming together to create an ecosystem for EVs, including manufacturing batteries, and components and creating charging facilities. I think it was a big bet and I think that credit has to go to N Chandrasekaran (then-chairman of Tata Motors), Sorabjee said. It also pushed to build its own supply chain and reduce dependence on imports that could be affected by global disruptions. In June last year, the Tata Group invested Rs 13,000 crore to set up a lithium-ion cell factory in Gujarats Sanand, which is expected to be operational in three years. The company also aims to increase the localisation of its EVs to 85% by 2025, it said in an investor presentation in 2023 and mentioned plans to tie up with over 20 high-voltage component suppliers in the next three to four years. It was reported last year that auto components major Tata AutoComp had lined up at least half of an investment of around Rs 2,500 crore for localising EV components. Interestingly, this EV universe that Tata is creating, rings similar to the South Korean chaebol (industrial conglomerate controlled by a family) which Hyundai harnessed to support its business in India. India's charging infrastructure, a significant obstacle to widespread adoption, is being tackled head-on by the group's power arm. Leading the charge is Tata Power, which has emerged as the market leader in charging infrastructure. As of September 2023, they boasted an impressive network of 61,959 home charging points and 4,932 public charging stations. I think first, [they] played safe, now they know that EV is something which can really put them on the fast path relative to the competitors, Gupta said. They got their dealer network all charged up, he said. Last year in September Tata Motors announced a separate sales network for EVs. Company CEO Shailesh Chandra told reporters that the company would start with exclusive EV stores in pilot cities where demand was high. Another thing Tata Motors got right this time was identifying segments, an auto columnist who preferred anonymity pointed out. With the Tata Punch, launched in 2021, the company entered the micro-SUV segment and has managed to dominate it despite promising competition. By January 2024, the model had sold 3 lakh units. Starting with Nexon, Tata started putting more emphasis on safety in its marketing. The Nexon has received a five-star rating from the global NCAP in child occupant safety as well as adult occupant safety. The flagship Tata Safari and the Tata Harrier both scored a five-star safety rating at both Global NCAP and Bharat NCAP. These ratings indicate how safe a car is, in accidents, and are determined by aspects like frontal crash protection, side crash protection, rollover safety and seat belt use. With its focus on EVs, Tata Motors also managed to shed its image of a truck maker that was stitching together cars. Now, its synonymous with EVs, which in turn are currently synonymous with the future of mobility. There are still glitches of course. Complaints of Tata Motors EVs facing battery issues, as well as problems with after-sales services flood social media and community forums on the daily. But it seems the companys current focus is to keep boosting production. Tata Motors plans to start production at its Sanand plant, acquired from Ford last year, this month with the Nexon EV. The plant has an installed capacity of 3 lakh units per annum, which can be scaled up to 4.2 lakh units per annum. New launches, including the Curvv EV and the Harrier EV, are also on the cards. The Core has reached out to Tata Motors and Hyundai Motors and will update this story when they respond. Hyundai, meanwhile, has been heavily betting on its SUV offerings, especially the Creta, for volume sales. In March this year, the Creta sold a record 16,458 units, the highest since it was launched in 2015, and topping its record of 15,276 units in February 2024. The company got 60% of its overall sales from SUVs in FY2023 and expects it to increase to 65% in FY2024. It plans to start production at Maharashtras Talegaon plant, which it acquired from General Motors India earlier this year, by 2025. The plant has an existing annual production capacity of 1,30,000 units and would help the carmaker achieve its goal of producing 10,00,00 units annually. While it plans to raise its EV game, the focus wont be on volumes, the companys COO Tarun Garg said in a recent interview. Hyundais premium offering Ioniq 5 (priced Rs 46 lakh ex-showroom), launched in January last year, is leading the EV sales. And it had only crossed 1,000 unit sales in November 2023. True to its nature, the company tested the Indian market with the Kona in 2019 to understand the needs. But there are fears that it may have been too late. The big step has been taken, we have tested the market, we are feeling much more confident. The EV market in India has moved much faster and there are other people who have already taken a lead, we have to catch up," Garg said in another interview. Right now, Hyundais focus is very much on introducing new models. One of the key things the company has started working on is localising EV components. In a 2020 interview, SS Kim, the managing director of Hyundai Motor India said that the company was exploring partnerships with local suppliers to increase localisation. It was also in talks with global battery suppliers, including LG Chem, to discuss collaboration for battery cell procurement for the local market, Kim had said. Similar to its strategy for conventional fuel vehicles, the company aims to achieve over 90% localisation once it introduces affordable mass-market EVs, planned for launch next year. It has already started work on a plant to localise battery pack assembly in Chennai which will commence operations in 2025 and have an annual capacity of 75,000 battery packs. Hyundai is expected to pour more money into its EV operations following the IPO and go for a strategy where they earn money from India and reinvest in India. Given the acceleration, I would say Hyundai has a better place to take that second spot, Sorabjee said. While Tata Motors has been able to establish itself as a market leader in electric vehicles in India, Hyundai Motors India is likely to catch up soon.

Every car should have only one FASTag: One vehicle, One Fastag

NHAI's 'One Vehicle, One FASTag' rule aims to curb misuse, but users can easily manage their accounts. Checking FASTag status involves visiting the official website, inputting vehicle details, and reviewing the status. To update KYC, users can access NHAI or bank portals and follow simple steps. This ensures compliance and smooth FASTag usage.

https://trak.in/stories/every-car-should-have-only-one-fastag-one-vehicle-one-fastag-policy-imposed/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Mohul Ghosh Apr 03, 2024 The National Highways Authority of India (NHAI) recently implemented the One Vehicle, One FASTag policy, effective from April 1. This directive prohibits the use of a single FASTag across multiple vehicles or associating multiple FASTags with one vehicle. The decision aims to address concerns over the misuse of FASTags, such as instances of vehicles equipped with multiple FASTags or FASTags issued without proper adherence to the Reserve Bank of Indias (RBI) Know Your Customer (KYC) requirements. NHAIs Move and Rationale Behind It: NHAIs decision to enforce the One Vehicle, One FASTag rule stemmed from reports indicating various forms of misuse of FASTags. Vehicles were observed with multiple FASTags, leading to discrepancies, or FASTags were issued without completing the mandatory KYC process. Such practices not only violated regulatory guidelines but also resulted in inefficiencies at toll plazas, causing delays and inconvenience to other highway users. Consequently, NHAI introduced this policy to streamline FASTag usage and ensure compliance with regulatory standards. Fastag Recharge and Flexibility: Under the One Vehicle, One FASTag principle, each vehicle should be associated with a single active FASTag. If a vehicle has multiple FASTags, only the most recently acquired one remains active, while the others are deactivated. However, vehicle owners retain the flexibility to recharge their FASTags through any bank or via various payment methods, including BBPS, UPI, and net banking. This approach offers convenience and ease of management for FASTag accounts. Step-by-Step Process for Checking FASTag Status: Users can easily verify the status of FASTags linked to their vehicles by following these simple steps. This process ensures transparency and enables users to stay informed about their FASTag accounts status. Updating FASTag KYC: To maintain compliance with regulatory requirements and ensure seamless FASTag usage, it is essential to keep the KYC details updated. Heres how users can update their FASTag KYC: For NHAI FASTags: For Bank-Issued FASTags: Completing the KYC process ensures that users FASTag accounts remain compliant with regulatory standards. Users receive notifications via email, SMS, or the banks app if their KYC is incomplete. Previous article Next article Get latest news and views related to startups, tech and business As disease rates rise and medical technology develops, treatment costs climb. Its essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on [] In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones. iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the [] Around 300 workers at Microsoft Corp.s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US. Here, Microsoft Corp.s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at [] Indias air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded Indias ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like [] Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.

Tata Technologies to form JV with Luxury Car Maker BMW

Tata Technologies will form a joint venture (JV) with luxury car maker BMW to establish an automotive software and IT development hub in Pune, Bengaluru, and Chennai. The primary development and operations activities will be centred in Bengaluru and Pune, while Chennai will focus on business IT solutions. It will deliver automotive software solutions for BMW Group's premium vehicles.

https://indianstartupnews.com/news/tata-technologies-to-form-jv-with-bmw-to-establish-it-development-hub-in-india-4447239?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

0 Share this article If you liked this article share it with your friends.they will thank you later

Ola Solo real or April Fools' Day joke? Bhavish Aggarwal clarifies

Ola Cabs CEO Bhavish Aggarwal on Monday, April 1, introduced Ola Solo terming it "the world's first autonomous electric scooter". While Ola Electric released a full video and a website detailing features of Ola Solo, netizens went on to claim that it is nothing but April Fools' Day prank. Aggarwal today clarified that Ola Solo is not just a joke.

https://www.latestly.com/socially/auto/ola-solo-not-just-an-april-fools-joke-says-bhavish-aggarwal-as-he-clarifies-if-the-worlds-first-autonomous-electric-scooter-is-real-or-fake-watch-videos-5863224.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Ola Cabs CEO Bhavish Aggarwal on Monday, April 1, introduced Ola Solo terming it "the world's first autonomous electric scooter". While Ola Electric released a full video and a website detailing features of Ola Solo, netizenswent on to claim that it is nothing but April Fools' Day prank. A section of netizens spotted a "third wheel" in the videoand also pointed out terms such as JU-GURAD algorithm, VIDHRAM feature, electrosnooze quantum and LAMO 900 chip used in the video to claim that Ola Solo isApril Fools' Day prank."1:30 mei 3rd tyre edit karna bhul gaye (sic)," one person commented below Ola Solo video on YouTube.April Fools' Day Prank? Elon Musk Says Joining Disney as Chief DEI Officer, Then Takes Dig at Company While Revealing His Reason. Ola Solo Video: Ola Solo Real or April Fools Joke? A YouTuber also made a video explaining why the launch of Ola Solo is fake and just April Fools' Day prank. Watch the video below. Ola Solo Real or Fake? Here's What Bhavish Aggarwal Said Amid the debate,Bhavish Aggarwal on Tuesday, April 2, issued a clarification. He said: "While the video was meant to provide a laugh to people, the technology behind it is something weve been working on and have prototyped. It shows the kind of pioneering work our engineering teams are capable of." (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.) Latestly.com, 2024

Tata vs Hyundai: two giants shaping India's auto scene

Explore the journey of Tata Motors and Hyundai in India, two automotive giants that have significantly contributed to the industry's growth. From humble beginnings to market leadership, their belief in the India story has driven innovation and expansion, making them key players in the country's automotive sector.

https://www.thecore.in/business/tata-motors-hyundai-india-auto-giants-believed-india-story-4443387?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

While Hyundai has held the number 2 position in the Indian auto sector for over two decades, Tata Motors catapulted to it by completely reinventing itself. This is part one of a two-part series on the growth of Tata Motors and Hyundai Motor India. In August 1998, a new series of advertisements hit Indian TV screens. They showed a mysterious Asian man, ?Mr Kim?, trying to convince actor Shah Rukh Khan to advertise his company?s new car in India. ?Why me?? asks Khan in the first part of the four-part ad series. Mr Kim replies, ?Because Hyundai settles on nothing but the best.? By the fourth part Khan, then on a path to becoming a superstar, is on board, won over by Kim's persistence, the company?s technology and its dedication to the Indian market. Cut to September 1998, the South Korean automaker launched the Santro ? its first ?made in India? car, an entry-level hatchback with a unique design, manufactured at its plant in Sriperumbudur, Tamil Nadu. Two years later, the Santro was zipping through sales, averaging 1 lakh sales every year for the next decade. During the same time, a legacy company known for its trucks, launched its first fully indigenous passenger car, the Tata Indica. The car made a big splash and received over 1 lakh bookings in the first few weeks. Back then, both Tata Motors and Hyundai Motor India saw Maruti Suzuki, and its hatchback bestseller Zen, as their main competitor. This is part one of a two-part series on the growth of Tata Motors and Hyundai Motor India. In August 1998, a new series of advertisements hit Indian TV screens. They showed a mysterious Asian man, Mr Kim, trying to convince actor Shah Rukh Khan to advertise his companys new car in India. Why me? asks Khan in the first part of the four-part ad series. Mr Kim replies, Because Hyundai settles on nothing but the best. By the fourth part Khan, then on a path to becoming a superstar, is on board, won over by Kim's persistence, the companys technology and its dedication to the Indian market. Cut to September 1998, the South Korean automaker launched the Santro its first made in India car, an entry-level hatchback with a unique design, manufactured at its plant in Sriperumbudur, Tamil Nadu. Two years later, the Santro was zipping through sales, averaging 1 lakh sales every year for the next decade. During the same time, a legacy company known for its trucks, launched its first fully indigenous passenger car, the Tata Indica. The car made a big splash and received over 1 lakh bookings in the first few weeks. Back then, both Tata Motors and Hyundai Motor India saw Maruti Suzuki, and its hatchback bestseller Zen, as their main competitor. While both the Santro and Indica were popular cars, Hyundai quickly rose in the ranks to clinch second place in the Indian car market. Twenty-five years on, Indias car market has changed significantly in its preferences. One thing that hasnt changed is that Maruti Suzuki is still the number one car manufacturer in the country, in terms of sales volume. But Hyundai (which held on firmly to the number two position for over two decades) and Tata Motors are now caught in a tight race for the second spot before they go for the behemoth. Each month is a new challenge between the two automakers. In February, Tata Motors, which has seen its fair share of slumps and rebounds, beat Hyundai in domestic vehicle sales by a sliver. However, Hyundai not only took over as number two in March sales again but also posted its best-ever annual domestic sales at 6,14,721 units. Tata Motors, meanwhile, also posted its highest-ever annual sales at 5,73,495 units. Plus, the company is on its way to setting up a new manufacturing facility worth Rs 9,000 crore in Ranipet, Tamil Nadu. Quite literally on the heels of Hyundai. So what happens now? This tale is of two giants steadfast in their belief in the 'India story'. One with a legacy spanning more than a century, who knew the Indian market, but took a while to figure out cars. The other, a South Korean upstart, that had entered the US market barely a decade before its ambitious plans to enter the nascent Indian market and capitalise on it. Earlier this month, Tata Motors announced the demerger of its commercial vehicle and passenger vehicle (PV) businesses. The company called this a logical progression since the businesses have had separate CEOs since 2021 and were subsidiarised in 2022. Tatas PV business includes traditional passenger cars, electric vehicles (EVs), and luxury cars under the Jaguar-Land Rover division, with the company heavily betting on its EV segment. Four years since Tata launched its first EV for private use, it has managed to snag almost three-quarters of the EV market share in India. The demerger underlines Tatas confidence in its ability to expand in the PV segment. The Tatas have now become the pioneers of Indias transition to EVs. Word is that the companys EV subsidiary, Tata Passenger Electric Mobility Limited, is gearing up for an IPO in the financial year 2025-26. As a senior auto columnist, who wished to remain anonymous, put it Tata Motors is definitely winning the perception war regardless of other considerations. In the last decade, it has managed to shed its image as just a truck company and is now being associated with EVs widely seen as the future of automotive technology. Where is Hyundai, you ask? Not far behind. The South Korean giant is planning to list its Indian unit for an initial public offering worth $3 billion this year, making it the largest in India. It is reportedly planning to file draft IPO papers by May-June for approval, and the issue may be launched by October-November. The fundraising would put its Indian units valuation at more than half its market capitalisation of $47 billion in Seoul, according to a Reuters report. The company will likely scale up its EV operations after the IPO. Hyundai Motor Indias COO Tarun Garg said earlier this year that battery electric vehicles were the ultimate destination for the Indian auto industry, adding that while its hybrids were doing well in the US and Europe, they dont make sense here given the current tax structure. They (Hyundai) wouldnt like to bring their money from Korea at this stage. So they would like to basically earn money from India and reinvest in India, Puneet Gupta, director of Indian Automotive Market at S&P Global Mobility, told The Core. The Santro, which in hindsight can be called a raging success, wasnt well-liked by everyone at first sight. When we saw the Hyundai Atos (rebranded as Santro), our hearts sank, recalled Subhabhrata Ghosh, who was then-executive director of Saatchi & Saatchi, the agency tasked with launching the Santro in India. It was exactly the opposite of the car that was in vogue those days, which was a small sleek hatchback called the Maruti Zen, Ghosh said. The Santro came with a tall boy design, originally a Japanese concept (Maruti Suzuki came out with the original tall boy, the WagonR, a year later). This was widely mocked by the Indian audience it was tested on. Modifications were made to soften and round the back of the car. Still, the challenge was getting the audience to change their perception. The Core reached out to Hyundai Motor India and Tata Motors and will update the story when they respond. The car is now almost synonymous with Hyundai for a generation of Indians, exactly the way the car maker wanted it to be. Hyundai was very clear and we were very clear that communication has to play a major role in building the story and the image of Hyundai and the image of Hyundai would be built around the image of Santro, Ghosh said. Thats where Shah Rukh Khan came in. Who better to sell the car to lakhs of India than the superstar, who at the time was at the peak of his career? Ghosh credits the decision to get him on board to BVR Subbu, an auto industry stalwart and then-president of Hyundai Motor India. The pre-launched advertisement portrayed Khan as almost a proxy for an Indian customer planning to buy a car. He was made to ask the right questions from how to pronounce the companys name to what kind of features it was offering, and what set it apart. Amit Mukherjee, then-associate creative director at Saatchi & Saatchi, who also worked on the campaign, said. On a scale of 1-10 on what helped launch the Santro, I think I would give the ad campaign and Shah Rukh being the ambassador an 8. While the launch helped build curiosity and also familiarity, what established Santro were the features and quality that it offered. It was, in many ways, Indias first feature-rich car. Instead of a carburettor, it offered a multi-port fuel injection engine with three valves in the entry-level segment for the first time. It always positioned itself as more premium than Maruti Suzuki, Gupta said. Santro didnt take off immediately. It took some time and convincing to convert bookings into actual deliveries and sales, Manish Nair, then-sales manager for Hyundai Motor India in Rajasthan, and now market CEO of Mercedes-Benz India toldThe Core. Compare this to the Indica, which was launched a few months later, and opened to over 1 lakh bookings. But for the Indica, those couldnt all be converted into sales and deliveries. Not only did Hyundai use the charm of King Khan, they focused their energies on building relationships with their customers and getting solid feedback from them. Early car buyers were asked for feedback and used as references or local brand ambassadors. BVR Subbu built a network of dealers who had no prior experience selling cars. Many of them came from two-wheeler dealerships they had the hunger to establish this car and get sales, Nair said. The team also focused on penetrating the market beyond the urban areas as well, something that Maruti had already established. But what really built the brand was that the Koreans had a very smart refresh and relaunch programme, said Ghosh. Within a year of launching, the Santro received its first update called the Zipdrive, with a first-in-segment power steering, a new radiator grille and a sporty rear spoiler. The Santro Zip Plus was soon introduced, and then the Santro Xing by 2003. By then, Santro was a darling, Ghosh said. When Hyundai entered India, it wasnt the only one trying to cash in on the countrys promising auto market. However, most others played it safe and entered the market with joint ventures. They also started with launch-pad models to assess the market. There was General Motors with the Opel Astra, South Korean competitor Daewoo with the Cielo, and Ford entering into a JV with Mahindra. None of these automakers have stuck around. Ford exited the country in 2021, GM in 2017 and Daewoo was gone by 2003. How did Hyundai manage to stay put? It always had a first mover advantage, Gupta explained. Santro established a strong foundation for the company, and it didnt waste any time building on it. In 1999, it launched the Hyundai Accent, for Indias still nascent sedan market, and soon after, the Sonata, for a more premium sedan segment. The Accent was priced starting at Rs 5.35 lakh, giving it an edge over competitors in the mid-size sedan segment. Hyundai officials even claimed that it would have the technology and luxury of a Mitsubishi Lancer, then priced at a base model level of Rs 7.80 lakh. The Accents main competitor was Marutis Esteem, priced slightly lower at Rs 4.76 lakh. Accent overtook in only four months after launching, clocking over 2,500 sales a month. The Sonata was priced between Rs 11-13 lakh. The car model, with a 2 litre petrol engine, was cheaper than the manual transmission variant of the Honda Accord, its main competition priced at Rs 14.95 lakh. Other competitors were the Ford Mondeo (priced at around Rs 16 lakh) and the Mercedes C Class (Rs 23 lakh). By 2002, Hyundai crossed the 1 lakh sales mark, taking the number 2 spot and holding on to it for years to come. The company was adept at not just identifying segments, but creating new categories in the market. It did this with the Santro first, and later with the i20 and the Creta SUV. Yet, Hyundai has only been at number two, never being able to take over the number 1 spot. "Hyundai appears to be content to be No 2. It was different when we started when the entire focus was to become No 1," BVR Subbu was quoted as saying in an article in The Economic Times in 2012. This was when the company had registered its biggest fall in sales by 14% to less than 31,000 units. By 2012, Hyundai had launched a slew of cars. Its strategy was simple and offered one or two cars in each customer segment. To maintain its lead and also take on the competition, Hyundai followed two critical strategies localising processes, and using India as an export hub. Hyundai Motor India Limited (HMIL) had become a small car export hub for the larger global corporation by 2003. This strategy has continued. It exported almost 40-50% of its production from India, which helped it make products at competitive prices for the domestic market. Until about five years ago, Hyundai was a pretty aggressive exporter from India in the last five years, the India market has been really booming. So they had to push more domestically and reduce their exports, Gupta said. Hyundai was quick to localise its processes. For one, it created strong supplier ecosystems near its plant in Sriperumbudur, in regions such as Kanchipuram and Thiruvalluvar. The company helped suppliers gain access to international manufacturing technology and standards, which allowed them to achieve more localisation. Hyundai Mobis, the companys auto parts partner, also launched operations in India in 2007, further reducing dependence on imports. Not just that, Hyundai also focused on localising talent. While its main R&D was in Namyang, South Korea, it developed the Hyundai Motor India Engineering (HMIE), launched in 2009, to become a major R&D unit to service the Indian market. Hyundais small car offering Eon, which had a global launch in India in 2011, was designed in Namyang, but engineers from Hyderabad made several suggestions, including a bi-fuel engine. Sravan Kumar, an engineer who worked at Hyundais Hyderabad R&D centre for nine years, told The Core that Indian engineers were sent to South Korea frequently for training and eventually their dependence on Korean expertise reduced. Having established itself for its uncompromising quality, Hyundai shifted its attention to aesthetics. In 2010, the company introduced a new design philosophy called the fluidic sculpture design philosophy. In India, it was first introduced on its premier sedan, the Verna, and the Eon, in 2011 and then used for the i20, the grand i10 and the Elantra as well. This was part of a global strategy to give the company an edge over its competitors, as well as bring some uniformity to Hyundais cars, all of which had been designed individually before this. It also helped Hyundai position itself in a more premium market segment, against competitors such as Volkswagen and BMW. Considered to be a bold move when it was introduced, the company wanted the design rejig to give its cars a modern premium vibe, as Hyundai Designer Casey Hyun put it in a 2014 interview. Hyundai has, over the last twenty years, managed to stay at number two. However, its market share has reduced over time. While it grew from about 14% in 2009 to 17.4% in 2021, it is now back to 14.89% in FY2023, amid new competition and slackening demand for hatchbacks. India has always been a priority market for Hyundai though. Immediately after launching, Hyundai posted a profit after its first full year of operations, at Rs 59.3 crore after tax in 2000. It has been profitable every year since, except for in financial year 2008-9, when it posted its first annual loss. In 2023, India accounted for 18.6% of Hyundais global sales in terms of volume and is number three after the US and South Korean markets. HMIL also posted its highest-ever revenues and profits in FY2023, with the turnover crossing Rs 60,000 crore and profits growing 62% to Rs 4,653, the highest among the non-listed automotive companies in the country. Last year, HMILs CEO and MD, Unsoo Kim told the media that the company expects to make up more than 20% of Hyundais global sales volumes in the next two-three years. In comparison to Santro and its maker, the trajectory of Indica and Tata Motors was a bit different. On its launch in 1998, it was received really well. It came with a diesel engine, making it a cheaper option to buy and run. But it soon ran into issues with reliability from engineering issues like tailpipes falling off, troubles with winding the windows, and overheating, to abysmal after-sales service. A second version was launched to address the reliability and refinement issues. That too failed. The problems being faced were very different from its truck businessserviceability was a big area of concern, a former business unit head and assistant general manager at Tata Motors, who worked there for 19 years, and requested anonymity, said. In terms of competition, the company itself could be called its competition when issues cropped up in the car, the ex-Tata Motors employee said. He added that the company took a while to figure out its hubris and the faults in its engineering process. The company developed the 207 platform (design architectures that make up the underfloor, engine compartment and frame of the car), which was used for the Tata Sierra, Estate, Sumo and Safari, from the ground up. It was inspired by contemporaries like Toyota Hilux and Nissan A new engine was developed in-house inspired by the 207s 483 DL engine, which was then downsized for the Indica. The 207 platform had a lot of issues, but it took them a great amount of time to actually accept and rectify them, he added. Tata's aspiration was to provide a world-class product. But somewhere considering the needs of the markets, it went into multiple categories and lost control, Gupta said. It had big ambitions for the Nano, launched in 2008, which it had termed as the peoples car. Tata was making the cheapest car it cost Rs 1 lakh, barely more than a two-wheeler but it ran into trouble from the get-go. For one, the earliest versions of the car brought up several safety concerns. There were reports of cars catching fire, attributed to various factors, including faulty electrical systems and fuel leakage. Plus, the basic model of the Tata Nano lacked certain safety features like airbags and antilock braking systems (ABS). The car being marketed as the cheapest car in the world also worked against it. Despite the company pushing for years, the Nano couldnt shake off this negative publicity. Months before the car was launched, analysts projected that the carmaker would report a net earnings decline of around 30% for three months, due to rising costs. It had just acquired the Jaguar and Land Rover businesses from Ford for $2.3 billion, and its stock was down 42%. To bring down the cost of manufacturing the car, as well as in dire need of outside innovation, Tata Motors had pushed suppliers and vendors to bring down, not only the cost, but also the weight of the components. Most of the vendors stuck to the rigid cost and engineering guidelines, and delivered, knowing they would not start making profits for the first few years. What came out was a revolutionary product in the way it was designed to be frugal. For instance, Sona Koyo and Rane Group came up with hollow steering shafts, saving cost and reducing weight. Rico Auto, which supplied the engine block, used aluminium to reduce weight. Bosch, which developed the braking system, configured it so that the conventional vacuum booster wasnt needed, to keep costs low. The cars seats and window winding mechanism were inspired by helicopter seats and windows. And yet, there were more challenges. For one, it faced challenges in setting up its factory in Singur, West Bengal from Mamata Banerjees TMC, which at the time was the states main opposition. Getting suppliers from auto centres in Pune, Chennai and Delhi, to Singur was already difficult. At one point, suppliers halted investments due to political uncertainty. The company then shifted production to Sanand, Gujarat. By 2013, component suppliers were asking the company for a price rise. Tata also launched the Manza, a compact sedan and Vista, a successor to Indica Vista, in 2009, in a bid to refresh its lineup. Both failed miserably and were discontinued in 2014. After sustained efforts to increase sales, Tata also discontinued the Nano in 2018. It wasnt like Tata-made cars were not seen on Indian roads. The Indica, Tata Sumo and Indigo were popular cars, but they failed to convert into numbers. In 2009, Tata had dipped below Mahindra and Mahindra to become the fourth largest car maker in the country. And between 2010 and 2016, its market share fell from 13.7% to 4.6%. New generation versions of its old classics like Tata Safari and Sumo, didnt find many takers in the passenger vehicle market and were relegated to the sidelines, adopted mainly by taxi fleet drivers. But they persevered they kept learning and experimenting and pushing, the employee said. The company, however, maintained its profitability during this time. In FY2009, Tata Motors' standalone Indian operations' profits declined by 51% over the previous year, thanks to a global economic downturn and JLR sales declining. It still posted a net profit of Rs 1,001 crore. It bounced back somewhat and managed to maintain profitability in the next year, with a net profit of Rs.2,571 crore. Its financial performance jumped over three-fold to Rs 9,274 crore in 2010-11, thanks to global economic recovery as well as a pick up in JLRs sales in key markets. Profits in FY2012 also rose to Rs 13,516 crore thanks to increased sales of PVs and CVs, as well as better JLR sales. Net profits dipped in FY2013, to Rs 9,893 crore, amid a slowdown in the Indian automotive industry. They improved marginally in FY2014 to Rs 13,991 crore and remained flat in FY2015, thanks to a slowdown in demand, and increased competition. Tatas acquisition of Jaguar Land Rover as its wholly-owned subsidiary in 2008 helped it get insights into the global market (something Hyundai had had an edge over before this). It got access to JLRs advanced auto technologies, expertise in luxury vehicle manufacturing, and R&D capabilities which helped the company enhance its product offerings. Tata also gained access to JLR's design studios in the UK, including the Jaguar Design Studio in Coventry and the Land Rover Design Studio in Gaydon. It also briefly collaborated with Italian car design firm Pininfarina, to develop concept cars and trucks. But this was not what turned the tide. A spree of new hirings breathed new life into a company that was struggling to stay relevant. It started with Karl Slym, who came on board as Tata Motors managing director in 2012, until he died due to suicide in 2014. He really set a lot of things in motion, Hormazd Sorabjee, editor at Autocar India, told The Core. After Slym, ex-airbus COO from Germany, Guenter Butschek, came on as Tata Motors CEO in 2016. Butschek, who was part of the company till 2021, propelled the company forward. Under him, Tata Motors checked its expenses through cost cutting and got rid of unnecessary platforms. There was greater integration with JLR and the company hired several top former executives from Maruti. The Nano debacle also taught the Tatas a thing or two. While it was advertising and constant innovation for Hyundai, the engineering and ecosystem-building lessons Tatas learnt while making the Nano helped play a key role too. Leveraging synergies within the Tata Group to build cars was another game changer. After 2016, an unlikely winner emerged. At the time, Tata was working on two new platforms the Alfa and Omega platforms (on which the Harrier, 2019 and Altroz, 2020) were launched. While it was working on these, it needed bridge products to draw customers in. These were the Nexon, Tigor and Tiago. This time Tata Motors also decided to onboard a celebrity football legend Lionel Messi to endorse its cars, to perhaps make up for what Hyundai had gained all those years ago with Khan. The Nexon became a game-changer for Tata Motors. Not only was it feature-rich but also because of its design. It had dual front airbags for the base variants, multiple drive modes, and an 8-speaker, 6.5-inch touchscreen Harman infotainment system. By 2018, the model contributed to as much as 50% of the companys utility vehicle sales. In that fiscal year, the company sold 51,891 utility vehicles, of which 27,747 were the Nexon. In 2019, it launched the Nexon EV, which propelled the company to dominate a sizable chunk of the EV market, coming at a time when the EV segment was ripe for the taking. In February, Tata Motors sold 51,321 units domestically, registering a 19% year-on-year rise. Close behind, Hyundai sold 50,201 units in the month, with the volume up by 7% year-on-year. Hyundais India arm registered its highest-ever revenue in FY 2022-23 at Rs 60,000 crore and clocked profits of Rs 4,653 crore. Tata Motors passenger vehicle arm posted Rs 47,868 crore in revenue in FY 2022-23. This does not include the significant numbers that JLR brings in. After the demerger, where JLR will be a part of its PV business, its revenue is expected to be around Rs 2,75,000 crore, 2.4 times that of market leader Maruti Suzuki (Rs 1,17,571 crore). The demerger will take about 15 months to be implemented. But lets not forget Hyundais $3 billion IPO. Both companies are also poised to introduce a slew of new variants and models in the market, making the competition for number 2 even more fierce. Read part 2 here. While Hyundai has held the number 2 position in the Indian auto sector for over two decades, Tata Motors catapulted to it by completely reinventing itself.

Attention Hyundai owners: This model has been recalled

Hyundai has recalled the pre-facelift version of the 2nd gen Creta's iVT variants due to a faulty electronic oil pump (EOP) controller. While the exact number of affected units remains undisclosed, Hyundai has proactively notified impacted customers and urged them to visit authorized dealerships for inspection and repair. The company assures there won't be extra expense for owners.

https://trak.in/stories/attention-hyundai-car-owner-this-model-has-been-recalled-over-faulty-fuel-pump/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Mohul Ghosh Apr 02, 2024 Hyundai India has initiated a recall for the pre-facelift version of the second-generation Cretas iVT variants due to a faulty electronic oil pump (EOP) controller. This recall affects the SUVs iVT variants, although the exact number of impacted units remains undisclosed by the South Korean automaker. Addressing Safety Concerns The recall campaign targets the inspection and repair of the iVT EOP controller in the affected Creta models. Hyundai has taken proactive measures by informing impacted customers and urging them to visit authorized dealerships for necessary inspections and repairs. Owners can conveniently verify if their vehicle is part of the recall by entering the Vehicle Identification Number (VIN) on Hyundai Indias official website. Assurance of Customer Support Hyundai reassures owners of the pre-facelift Creta iVT models that all inspection and repair work will be conducted free of charge. This commitment underscores the companys dedication to prioritizing customer safety and satisfaction. Previous article Next article Get latest news and views related to startups, tech and business Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.

Rs 500 cr incentives for electric vehicles end in next 120 days

A new scheme, EMPS 2024, with a budget of Rs 500 crore, is launched from April 1, 2024, aimed at boosting electric mobility in India. It provides incentives of up to Rs 10,000 for two-wheelers and Rs 25,000 for small three-wheelers. The scheme, lasting until July 31, 2024, targets support for 3,72,215 electric vehicles, promoting innovation and employment.

https://trak.in/stories/rs-500-crore-incentives-for-electric-vehicles-ends-in-120-days-upto-rs-50000-discounts/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saturday, July 6, 2024 Mohul Ghosh Apr 02, 2024 In a bid to accelerate the adoption of electric vehicles (EVs) in India, a new scheme called EMPS 2024 with a budget of Rs 500 crore has been introduced, effective from April 1, 2024. This initiative, announced by the Heavy Industries Ministry on March 13, aims to bolster the countrys green mobility efforts and enhance the EV manufacturing ecosystem. Incentives to Drive EV Adoption Under the EMPS 2024 scheme, significant incentives will be provided to encourage the purchase of electric two-wheelers and three-wheelers. Two-wheeler buyers will receive support of up to Rs 10,000 per vehicle, with the goal of assisting around 3.33 lakh units. Similarly, purchasers of small three-wheelers, including e-rickshaws and e-carts, will be eligible for incentives up to Rs 25,000, benefiting over 41,000 vehicles. For large three-wheelers, the financial support will be extended up to Rs 50,000 per vehicle. A Boost for Green Mobility and EV Manufacturing The EMPS 2024 scheme, designed to operate for four months until July 31, 2024, aims to accelerate the transition towards electric vehicles and bolster the development of the EV manufacturing industry in India. With a targeted support of 3,72,215 EVs, the scheme aligns with the governments vision of promoting sustainable transportation solutions under the Atmanirbhar Bharat initiative. As part of this initiative, emphasis is placed on incentivizing advanced technologies, particularly vehicles equipped with advanced batteries. This strategic focus not only promotes innovation but also strengthens the domestic EV supply chain, contributing to the resilience and competitiveness of the industry. Additionally, the scheme is expected to generate significant employment opportunities across the EV value chain, supporting the governments broader agenda of economic self-reliance. Previous article Next article Get latest news and views related to startups, tech and business Get latest news and views related to startups, tech and business Trak.in is a mission to uncover the truth: We are Indias leading news portal, covering business, technology, ecommerce, startups, and mobile ecosystem. 2024 - Trak.in - Indian Business of Tech, Mobile & Startups. All Rights Reserved. Part of Awesome Websites.