AUTOMOBILES
Norton Motorcycles, Under TVS Ownership, Set to Launch in India by 2025 with 6 New Models by 2027
TVS bought Norton for Rs 153 crore and has already invested more than Rs 1,000 crore in the brand. The money has gone into product development, research and development, and building a new factory in Solihull, UK, which has the potential to make about 8,000 bikes every year.
Global Auto Giant Hit by Tariffs, Reports 21% Drop in Profits
The largest automaker in the world anticipates earnings of 3.8 trillion yen ($26 billion) for the fiscal year ending now, down from 4.8 trillion yen in the just-concluded fiscal year. The forecast is consistent with the 4.75 trillion yen average estimate of 25 analysts polled by LSEG.
India Set to Hit 123 Million EVs on Roads by 2032, Says Report
Released in collaboration between the India Energy Storage Alliance (IESA) and Customised Energy Solutions (CES), the report highlights the important role EVs will be in enabling the nation to achieve its net-zero emissions goal by 2070.
Ola Electric Postpones Roadster X Deliveries Again as Shares Slide Over 43%
In a stock exchange filing, the company said deliveries will now start in May 2025 after originally specifying April as the delivery month after the missed mid-March deadline.
Audi India to Implement Up to 2% Price Increase Across All Models Starting May 15
The company confirmed in a statement that the ex-showroom prices of its models would go up by up to 2 percent. Balbir Singh Dhillon, Managing Director at Audi India, stated, "We are charging a price adjustment of a maximum of 2 percent due to increase in the exchange rate as well as the input cost."
Royal Enfield Unveils 2025 Hunter 350 with Enhanced Features and Vibrant New Colours
The new Hunter 350 was launched for the first time at HunterHood, Royal Enfield's first street culture festival that occurred concurrently in Mumbai and New Delhi. Geared towards urban youth and their vibrant energy, the festival offered the perfect setting to unveil the revamped bike.
India's Tractor Sales Set to Reach Record 9.75 Lakh Units in FY26, Says Crisil
A combination of the factors such as optimism over the monsoon going beyond normal levels, higher minimum support prices (MSPs) for cash crops, and stronger replacement and construction demand is expected to trigger the sales momentum.
India's Passenger Vehicle Sales Reach Record 43 Lakh Units in FY25, Report Reveals
One of the significant drivers of growth was the soaring demand for utility vehicles, now constituting 65 percent of all passenger car sales, rising from 60 percent in the last financial year. This surge was due to the launch of new models, added features, and enticing promotions for customers.
BluSmart Shifts Focus from Ride-Hailing to Uber Fleet Partnership Amid Financial Struggles
Shareholders of BluSmart have voted to sell its fleet to Uber over the next few weeks, starting with a gradual handover of 700-800 cars, according to a source. After this is done, BluSmart will shut down its own ride-hailing services. The time frame for the transition is being worked out, the source further added.
Nissan to Unveil 7-Seater MPV by Q4 FY'26, 5-Seater SUV to Follow in Q1 FY'27
As part of its plan to revamp its Indian product portfolio, Nissan had already announced plans for the seven-seat B-MPV and two sub-compact SUVs in both five- and seven-seat forms, along with its existing products, the Magnite and X-TRAIL.
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