India Automotive News Roundup - April 23, 2024

  1. Tata Motors celebrates 4 lakh happy customers of the Magic; introduces first-in-its-segment, Magic Bi-Fuel

Tata Motors, India’s largest commercial vehicle manufacturer, celebrates the remarkable milestone of 4 lakh happy customers of the Tata Magic – India’s 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.

Read more #TataMotors #MagicBiFuel #LastMileTransportation


  1. Volkswagen Taigun 1.0L GT Line, 1.5L GT Plus Sport Launched In India

Volkswagen has launched the Taigun GT Line and the Taigun GT Plus Sport in India with prices starting from Rs 14.08 lakh (ex-showroom). Unveiled at the Volkswagen annual brand conference last month, the new variants join a rejigged variant line-up for the Taigun that now basically comprises the Chrome, Sport and GT Edge.

Read more #VolkswagenTaigun #NewLaunch #India


  1. Flix's collective travel initiative averts over 1 million tonnes of CO2 in 2023

On Earth Day, Flix, a global leader in travel-tech, releases its second voluntary ESG report, detailing its emissions reduction targets and the environmental impact of collective travel. With over 81 million passengers in 2023, Flix has become a cornerstone of sustainable and affordable travel, driven by an ESG strategy deeply embedded in its operations.

Read more #Flix #SustainableTravel #ESG


  1. Log9 to revolutionise EV landscape with Amphion and Nexmile launch

Log9, one of India’s well-known developers of advanced battery cell technology and EV Mobility Ecosystem products has rebranded of its mobility business. It will now be known as Amphion, a full-stack EV asset management company. The unveiling of Amphion by Log9 at their Day Zero 2024 event marks a significant transformation in the electric vehicle (EV) ecosystem.

Read more #Log9 #EVs #Amphion


  1. Daimler India Commercial Vehicles eyes 25% revenue from services segment

Daimler India Commercial Vehicles (DICV) is banking on the services segment to augment growth, as the Indian subsidiary of the world’s largest truck maker Daimler AG, eyes 25% revenue from this segment, as per a senior company official.

Read more #DICV #CommercialVehicles #ServicesSegment


  1. Grundfos' iTruck drive initiative reaches Chennai covering 12,500 km

Grundfos continues its sustainability drive with the iTruck campaign, now reaching Chennai after covering over 12,500 km and visiting 90 cities across India. Launched in September 2023 from Gurgaon, the campaign showcases sustainable pump technologies aligned with Grundfos' goal of achieving Net-Zero status by 2050. With a commitment to reducing greenhouse gas emissions by at least 90%, the iTruck initiative promotes Grundfos' dedication to sustainability and environmental responsibility.

Read more #Grundfos #Sustainability #iTruck


  1. BluWheelz secures USD 1 million in bridge funding led by Venture Catalysts

BluWheelz, a tech-enabled mid and last-mile logistics solutions company, has secured USD 1 million in bridge funding led by Venture Catalysts, with participation from FAAD, LetsVenture, and Chakra Growth Fund. Operating in 18 cities with a comprehensive fleet solution covering 2-wheelers, 3-wheelers, and 4-wheelers, BluWheelz distinguishes itself from competitors with plans to integrate 6-wheelers, pioneering EV fleet as a service in the country, the company said in a press release.

Read more #BluWheelz #Logistics #Funding


  1. Macquarie's USD 1.5 bn India EV platform to focus on fleet electrification

Australia's Macquarie Group on Monday launched its electric vehicle (EV) financing and end-to-end solutions platform Vertelo in India, which will invest $1.5 billion in electrifying fleets of buses and cars. The platform will offer financing, fleet management, and charging infrastructure solutions.

Read more #Macquarie #EVSolutions #Vertelo

  1. Austrian brand Brixton Motorcycles rides into India

Austria-based heritage brand Brixton Motorcycles has announced its entry into the Indian market. Partnering with KAW Veloce Motors for manufacturing and distribution, the brand prepares to launch an exclusive range of motorcycles tailored for the Indian audience. Brixton's move into India is fueled by a strategic vision to introduce its European elegance to Indian riders.

Read more #BrixtonMotorcycles #NewEntry #IndianMarket


  1. Honda to use India as key pivot in 2-wheeler electrification plans

Beyond launching products, Honda will leverage competencies in India for its global electrification strategy, gaining ground in ASEAN, Europe, and Japan. The Japanese automaker hints at the road ahead in its Honda Report 2023.1

Read more #Honda #ElectrificationStrategy #GlobalExpansion


  1. Kinetic Engg targets INR 250-cr revenue this fiscal; in process of raising INR 50 cr for EV arm

Kinetic Engineering, the flagship company of the Group, launched its subsidiary in 2022, Kinetic Watts and Volts, to focus on EV components. Kinetic Engineering is already in discussion with some EV startups like Eblu and E-fill for its electric auto component supplies to strengthen its EV game. The company is also planning to keep on expanding in both global and Indian markets.

Read more #KineticEngineering #EVComponents #ExpansionPlans


  1. BU4 Auto to launch range of high-speed e-scooters and motorcycles

BU4's product range showcases excellence and innovation, catering to modern consumer needs. From the eco-friendly Dodo scooter to the high-speed Phoenix electric vehicle, each product aligns with BU4's ethos. The upcoming URON electric motorcycle embodies BU4's commitment to innovation and efficiency.

Read more #BU4Auto #ElectricVehicles #Innovation

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