Tata Motors eyes tie-ups with Ola, Uber with new shared mobility platform

Source: LiveMint.com, Oct 17, 2018

New Delhi: Tata Motors Ltd has created a separate division to explore ways to tap its entire range of passenger and commercial vehicles for offering shared mobility solutions, said two people aware of the development. Named Mobility Innovations Hub, the new department is headed by Pankaj Jhunja, formerly with Tata Technologies, said the people cited above, who did not want to be named.

The new department will also look at collaborating with startups such as Ola, Uber and other freight aggregators. Tata Motors is the first auto maker in India to create a separate division exclusively for shared mobility as the company manufactures an entire gamut of vehicles needed for last mile connectivity ranging from small cars to trucks and buses.

Confirming the appointment of Jhunja to run the shared mobility business, a spokesperson for Tata Motors said Jhunja will report to Shailesh Chandra, president, electric mobility business and corporate strategy. Read the rest of this entry »

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Taiwan firm Kymco to invest $65 million in Indian electric scooter market

Source: Business Standard, Oct 15, 2018

New Delhi: Taiwanese electric scooter manufacturer Kymco on Monday announced a foray into the Indian market in partnership with local e-scooter start-up 22 Motors.

Kymco said it would invest $65 million in the Indian market over the next three years in introducing new products and localising batteries.

Kymco, which has annual revenue of $1.36 billion, sells 700,000 vehicles, mostly scooters, in markets like Taiwan and Europe.

It launched electric scooters early this year in Taiwan.

“People do not want to buy electric scooters because they worry about range anxiety, the wait time for charging and the price difference compared to petrol scooters. We have a total solution that solves all these problems,” said Allen Ko, chairman of Kymco. Read the rest of this entry »

Renault to make India export hub for EMs, source parts from domestic suppliers

Source: LiveMint.com, Oct 05, 2018

Paris: Encouraged by the success of the Kwid small car in South Africa and Latin America, Groupe Renault plans to make India an export hub for emerging markets (EMs) such as Africa, Middle East and Latin America.

Renault plans to source more than 95% of parts for its future products in India from domestic suppliers, especially in the mass market segment, said a senior company executive at the Paris motor show.

The strategy is part of Renault’s aim to sell its vehicles at competitive prices in its quest to double its market share in India to 5% by 2021 while also developing suitably-priced products for exports, the executive said on condition of anonymity. Read the rest of this entry »

After Beat, GM to build another vehicle in India aimed at global markets

Source: Business Standard, Oct 04, 2018

Chennai: Amid rumours that US-based carmaker General Motors (GM) is in advanced talks to sell its manufacturing facility in Pune, the company said that India would continue to be an important and exclusive destination to source small sub-4 metre cars for its global market.

The company, which currently produces one model — the Beat, in this facility, is planning to manufacture one more product in India for the global markets.

There were reports that the company was in talks with JSW Energy to sell its Pune facility and that it was valued at around Rs 30-35 billion. Read the rest of this entry »

Maharashtra looks for Rs 25,000 crore investment in e-vehicle segment

1Source: The Economic Times, Sept 25, 2018

The Maharashtra government has adopted a policy to promote electric vehicles and plans to bring Rs 25,000-crore investment for their manufacturing, said Chief Minister Devendra Fadnavis Tuesday.

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Bus sales on high-growth lane this fiscal

download (3).jpgSource: The Hindu Business Line, Sept 23, 2018

Chennai: The domestic bus market is seeing a recovery in demand this fiscal after a year of de-growth. Bus makers and analysts project growth in volumes ranging from high single-digit to low double-digit in FY19.

In FY18, volumes fell 14 per cent at 84,658 units, primarily because of fewer orders from State transport undertaking (STUs), which account for a little more than a third of bus sales in India.

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Govt eases import norms for motor vehicles of certain categories

download (7).jpgSource: LiveMint.com, Sept 20, 2018

New Delhi: The government has eased norms for import of 2,500 motor vehicles of certain categories annually, according to the Ministry of Road Transport and Highways.

The decision has been taken by amending the Central Motor Vehicles Rules 1989 in accordance with the powers under Motor Vehicles Act, according to the gazette notification by the ministry.

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