Browsing: Market Updates
In a conversation with Anuj Sinha, C V Raman, Member Executive Committee, Maruti Suzuki India Limited shared insights on four decades of transformative trends, future innovations, and challenges shaping India’s automotive landscape.
Norton Motorcycles, under TVS Motor Company’s ownership, is gearing up for global expansion with a significant investment of £200 million. This investment will fund new product development, state-of-the-art facilities, and research, marking a new phase for Norton. The company plans to introduce six new models over the next three years, with a focus on the USA, Germany, France, Italy, and India.
YS Chakravarti, MD & CEO of Shriram Finance Ltd. speaking about the June 2024 Mobility Bulletin said, “With the new government in place and with monsoon rain expected to gain strength, businesses are hopeful that policy action from the government will help push economic activity into a higher orbit. The slowdown across sectors including road transport, vehicle sales appears temporary.”
Anant Nahata, CEO of Exicom, spoke on the scope of the collaboration in detail: “Addressing the challenges of reliability and a seamless EV charging experience in the Indian market is crucial. Our partnership with Hubject aims to provide a frictionless charging experience for EV users.”
Electric vehicle (EV) maker Fisker has officially filed for Chapter 11 bankruptcy protection. Despite its ambitious lineup of products, the decision followed the collapse of a significant deal with another major automaker.
HERE Technologies, a location data and technology platform, in collaboration with Amazon Web Services (AWS), has released a new whitepaper that sheds…
According to the latest Kantar BrandZ Most Valuable Global Brands 2024 report, BYD has successfully retained its position within the Top 10 global automotive brands for the second consecutive year, with a brand value exceeding US$10 billion.
TVS Motor Company has launched its operations in Italy. The company will introduce a selection of its advanced, high-quality thermic and electric scooters and motorcycles.
Gagandeep Reehal, CEO and Co-founder, of Minus Zero said: “With India taking a strong stance in the global AI race, close collaboration between industry and academia is crucial to foster an ecosystem that incentivizes researchers to pursue foundational AI research in India, rather than catching up on trends from the West. This partnership marks an important step in this vision to foster a culture of collaborative and open research in AI & autonomous driving technology in India for the world.”
Abhishek Poddar, India Country Head, Macquarie Group, said: “The transition to electric vehicles will bring significant benefits to India – increasing its energy independence and mitigating the impacts of climate change. Vertelo aims to play a key role in accelerating this transition by making it easy for its customers to realise the benefits of going electric immediately.”