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  • India ICE vs EV sales for top 2W and 3W OEMs in March 2024 • EVreporter

    Electric vehicles are increasingly making their presence felt and are tying for the top sales among all vehicles irrespective of the fuel type, especially in the 3W L5 Auto segment. In Mar 2024, the overall penetration of EVs in the 2W market was 9.1%. For passenger 3W autos, it was 24.3%, and for cargo 3W autos, it was 45%.

    This article aims to showcase where EV sales stand when compared with the overall vehicle sales in the 2W and 3W categories.

    Source: Vahan Dashboard. Data as per 1360 out of 1447 RTOs across 34 out of 36 state/UTs | Data as of Apr 2, 2024

    In the March 2024 market analysis, Hero MotoCorp emerged as a leader in India’s two-wheeler industry, with significant sales of both internal combustion engines (ICE) and electric vehicles (EVs). Despite Hero MotoCorp’s sales in the EV segment, this represents only 0.9% of their total. TVS Motor and Bajaj Auto showed a stronger commitment to electric mobility, with 10.5% and 9.9% of their sales attributed to EVs, respectively, indicating a shift towards electric vehicles. Ola Electric, Ather Energy, and Kinetic Green emerged as exclusive top EV manufacturers. Traditional ICE manufacturers like Honda Motorcycle, Suzuki Motorcycle, Royal Enfield, and Yamaha Motor continue to dominate, highlighting the enduring presence of internal combustion engines in India’s two-wheeler market.

    Overall EV penetration in 2W segment in March 2024 was 9.1%.

    Source: Vahan Dashboard. Data as per 1360 out of 1447 RTOs across 34 out of 36 state/UTs | Data as of Apr 2, 2024

    In March 2024, India’s top three-wheeler passenger auto OEMs witnessed varying degrees of electric vehicle (EV) adoption. Bajaj Auto led the pack with 9% of its total sales being EVs, followed by Piaggio Vehicles at 40.4%. Mahindra Last Mile Mobility stood out, with a remarkable 92% of its sales attributed to EVs. Other players like TVS Motors, MLR Auto and Atul Auto Ltd also made strides in the EV market, albeit with smaller percentages. TI Clean Mobility and Omega Seiki stood out, with 100% of their sales being electric, highlighting a growing trend towards electrification in India’s three-wheeler passenger auto segment.

    Overall EV penetration in pax 3W auto (L5) segment in March 2024 was 24.3%.

    Source: Vahan Dashboard. Data as per 1360 out of 1447 RTOs across 34 out of 36 state/UTs | Data as of Apr 2, 2024

    In March 2024, India’s top three-wheeler goods auto OEMs demonstrated varying degrees of electrification in their sales. Bajaj Auto led with a total of 4,362 units sold, with 10.5% being electric. Piaggio Vehicles followed, with 22.8% of their 2,822 units sold being electric. Mahindra Last Mile Mobility showcased a significant shift towards EVs, with an impressive 80.6% of their 2,309 units sold being electric. Omega Seiki, Euler Motors Pvt Ltd, and Altigreen Propulsion stood out with 100% of their sales being electric, reflecting a clear momentum towards electrification. Atul Auto Ltd and MLR Auto also made strides in the EV market, albeit with smaller percentages. Meanwhile, Capital Auto Industries maintained a focus on ICE vehicles.

    Overall EV penetration in pax 3W goods (L5) segment in March 2024 was 45%.

    For deeper insights into India EV sales trends—city-wise, state-wise, segment-wise, and OEM-wise—check out the EVreporter Data Portal here.

    Also read: India’s Electric Vehicle sales trend | March 2024

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  • Tesla to showcase a ‘robotaxi’ on August 8: Elon Musk

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

    Tesla to showcase a ‘robotaxi’ on August 8: Elon MuskIANS

    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, can’t 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 company’s 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.

    (With inputs from IANS)

  • India allows export of certain quantities of essential commodities following Maldives’ request

    A file image of Indian PM Narendra Modi assembly Maldives President Mohamed Muizzu. Photo Courtesy: PIB

    Amid a strained diplomatic relation between the 2 nations, India lately allowed the export of certain quantities of essential commodities for 2024-25 below a novel bilateral mechanism, on the request of the Maldives authorities.

    The Indian High Commission in Maldives mentioned the quotas for every of these things have been revised upwards.

    “Upon the request of the Government of Maldives, the Government of India has allowed for export of certain quantities of essential commodities for the 12 months 2024-25 below a novel bilateral mechanism, whereby, the quotas for every of these things have been revised upwards,” the assertion issued by the Commission on X mentioned.

    Maldives thanks India for initiative

    Maldives’ Minister of Foreign Affairs Moosa Zameer thanked India for the gesture and posed on X: “I sincerely thank EAM @DrSJaishankar and the Government of #India for the renewal of the quota to allow #Maldives to import essential commodities from India in the course of the years 2024 and 2025.”

    “This is actually a gesture which signifies the longstanding friendship, and the sturdy dedication to additional increase bilateral commerce and commerce between our two international locations,” he mentioned.

    S Jaishankar reacts

    Indian Foreign Minister S Jaishankar reacted to his publish and wrote on X: “You are welcome, FM @MoosaZameer.India stands firmly dedicated to its Neighbourhood First and SAGAR insurance policies.”

    Recent controversy

    Recently, Indians have expressed anger towards Maldivian authorities on social media after its Minister Mariyam Shiuna’s disparaging feedback on Prime Minister Narendra Modi as a “clown” and “puppet” in posts on X, which have since been deleted.

    These tweets had been eliminated following criticism and backlash on the micro-blogging web site.

    Other Maldivian officers, together with one other minister named Zahid Rameez, additionally mocked Prime Minister Modi’s go to to Lakshadweep after the photographs garnered important consideration on social media as many drew comparisons between Modi’s go to and the Maldives.

  • Mobil 1 TM 50th Anniversary: Ready for What’s Next

    Mobil 1 TM 50th Anniversary: Ready for What’s NextBengaluru, India April 06th, 2024: ExxonMobil is proud to have fun the 50th anniversary of the introduction of Mobil 1™ motor oil to the worldwide market. In 2024, ExxonMobil will commemorate its 50-year historical past of the Mobil 1™ model with a collection of initiatives throughout partnerships, motorsports, and digital actuality, every of which can spotlight the model’s legacy and what’s to come back.

    Beginning as the primary full artificial automotive motor oil and later increasing right into a line of Mobil 1 branded oils, the Mobil 1 model has been on the forefront of engine safety for gas-powered and extra not too long ago, hybrid and electrical vehicles delivering unmatched high quality and efficiency for the previous 5 a long time. Today, Mobil 1™ is the world’s main artificial motor oil model with an unwavering dedication to innovation, collaboration and prospects. With this iconic model, ExxonMobil is happy to proceed shaping the way forward for engine safety and efficiency.

    One of the central elements driving the celebration of Mobil 1 on this milestone yr is a brief movie to encapsulate the model’s journey. ExxonMobil has partnered with former Formula 1 racer and McLaren driver David Coulthard for the video to information audiences in an immersive journey by means of the Mobil 1 model’s evolution, influential collaborations and technological achievements.

    Throughout the 2024 motorsports season, the Mobil 1 model will have fun its legacy with a collection of specifically designed liveries and different highlights of the Mobil 1 model’s in depth racing historical past.

    “ExxonMobil takes nice delight within the Mobil 1 model’s legacy as a revolutionary artificial motor oil,” mentioned Laura Bustard, Mobil 1 Global Brand Manager. “From its inception 50 years in the past, Mobil 1 motor oil has persistently set the usual for high quality and efficiency and can proceed to enhance and excel for the subsequent 50 years. Anyone with any data of the automotive house or racing is aware of how iconic this model has been and will probably be.”

    The Mobil 1 model’s journey by means of the final 50 years is a testomony to ExxonMobil’s capability to push boundaries and their dedication to efficiency and sustainability. Mobil 1 has turn out to be the trusted alternative of main automakers, skilled racers, and tens of millions of drivers worldwide. The Mobil 1 model’s superior oil formulations present unparalleled safety in opposition to engine put on, extending engine life and lowering upkeep prices for shoppers.

    ExxonMobil acknowledges that the Mobil 1 model’s success is not only a product of superior expertise however a results of shut collaboration with main automakers, racing groups, and business consultants. These collaborations have allowed Mobil 1 to repeatedly evolve and set new business requirements.

    “The Mobil 1 model stays devoted to sustaining and rising significant relationships,” mentioned Robert Shearer, Director of Global Sponsorships. As we transfer ahead into the long run, we’re excited to see a continuation of the collaborative innovation and intelligence that stems from our work with automakers, racing groups and different nice companions. Track to highway expertise is seen with every enchancment to Mobil 1 motor oil.”

    On the event, hear from the leaders on half a century of innovation, efficiency, and belief, paving an exhilarating journey forward with Mobil 1™ and a promise of excellent engine efficiency and safety.

    (*1*)
    Mansi Praharaj

  • Mobil 1 TM 50th Anniversary: Ready for What’s Next

    Mobil 1 TM 50th Anniversary: Ready for What’s NextBengaluru, India April 06th, 2024: ExxonMobil is proud to have fun the 50th anniversary of the introduction of Mobil 1™ motor oil to the worldwide market. In 2024, ExxonMobil will commemorate its 50-year historical past of the Mobil 1™ model with a collection of initiatives throughout partnerships, motorsports, and digital actuality, every of which is able to spotlight the model’s legacy and what’s to return.

    Beginning as the primary full artificial automotive motor oil and later increasing right into a line of Mobil 1 branded oils, the Mobil 1 model has been on the forefront of engine safety for gas-powered and extra just lately, hybrid and electrical vehicles delivering unmatched high quality and efficiency for the previous 5 a long time. Today, Mobil 1™ is the world’s main artificial motor oil model with an unwavering dedication to innovation, collaboration and clients. With this iconic model, ExxonMobil is worked up to proceed shaping the way forward for engine safety and efficiency.

    One of the central parts driving the celebration of Mobil 1 on this milestone yr is a brief movie to encapsulate the model’s journey. ExxonMobil has partnered with former Formula 1 racer and McLaren driver David Coulthard for the video to information audiences in an immersive journey by the Mobil 1 model’s evolution, influential collaborations and technological achievements.

    Throughout the 2024 motorsports season, the Mobil 1 model will have fun its legacy with a collection of specifically designed liveries and different highlights of the Mobil 1 model’s in depth racing historical past.

    “ExxonMobil takes nice delight within the Mobil 1 model’s legacy as a revolutionary artificial motor oil,” mentioned Laura Bustard, Mobil 1 Global Brand Manager. “From its inception 50 years in the past, Mobil 1 motor oil has persistently set the usual for high quality and efficiency and can proceed to enhance and excel for the subsequent 50 years. Anyone with any information of the automotive area or racing is aware of how iconic this model has been and shall be.”

    The Mobil 1 model’s journey by the final 50 years is a testomony to ExxonMobil’s means to push boundaries and their dedication to efficiency and sustainability. Mobil 1 has develop into the trusted selection of main automakers, skilled racers, and hundreds of thousands of drivers worldwide. The Mobil 1 model’s superior oil formulations present unparalleled safety in opposition to engine put on, extending engine life and lowering upkeep prices for customers.

    ExxonMobil acknowledges that the Mobil 1 model’s success isn’t just a product of superior know-how however a results of shut collaboration with main automakers, racing groups, and trade specialists. These collaborations have allowed Mobil 1 to repeatedly evolve and set new trade requirements.

    “The Mobil 1 model stays devoted to sustaining and rising significant relationships,” mentioned Robert Shearer, Director of Global Sponsorships. As we transfer ahead into the long run, we’re excited to see a continuation of the collaborative innovation and intelligence that stems from our work with automakers, racing groups and different nice companions. Track to highway know-how is seen with every enchancment to Mobil 1 motor oil.”

    On the event, hear from the leaders on half a century of innovation, efficiency, and belief, paving an exciting journey forward with Mobil 1™ and a promise of excellent engine efficiency and safety.

    (*1*)
    Mansi Praharaj

  • StoxBox: Views on RBI MPC

    – “No News is Good News” is an apt summation of the financial coverage concluded at the moment. The RBI stored playing cards near its chest because it awaited extra proof of a sustained disinflationary transmission into the economic system. […]

    The put up StoxBox: Views on RBI MPC appeared first on Business News This Week.

    Mansi Praharaj

  • Dr. D. Y. Patil Medical College, Hospital & Research Centre Ann

    Dr. D. Y. Patil Medical College, Hospital & Research Centre Announces the 12th International Conference of Society of Clinical AnatomistsPune, 06th April 2024: Dr. D. Y. Patil Medical CollegeHospital & Research Centre, Pimpri, Punepronounces the convening of the twelfth International Conference of Society of Clinical Anatomists (SOCA-2024)The occasion, which will likely be held from April 4 to April 6, 2024, is about to mark a major milestone within the subject of scientific anatomy. It kicks off with a pre convention CME (Continuing Medical Education) on ‘Anatomical Aspects of Organ Transplant’ on April 4. The major convention will observe on the next days and will likely be hosted on the prestigious Dr. D. Y. Patil Medical CollegeHospital and Research Centre.

    This 12 months’s convention theme, ‘Journey of Anatomy from Dissection Hall to Operation Theatre,’ goals to focus on the essential transition of anatomical information from educational studying to its sensible functions in surgical settings. The convention is poised to showcase a wealth of developments, analysis findings and revolutionary practices inside the subject, contributing considerably to the educational and sensible domains of scientific anatomy. Various medical professionals will ship talks on vital subjects equivalent to anatomical and surgical elements of organ transplant, reconstructive surgical procedures, 3D printing in anatomy, mind imaging in well being and illness, amongst others.

    The occasion is honored with the presence of chief visitors Dr. P. D. Patil, Chancellor, Dr. D. Y. Patil Vidyapeeth, Pune; Dr. Bhagyashree Patil, Pro Chancellor, Dr. D. Y. Patil Vidyapeeth, Pune; and Dr. Yashraj Patil, Trustee & Treasurer, Dr. D. Y. Patil Vidyapeeth, Pune. Their participation underscores the important function of steady help and management in fostering medical training and analysis.

    Dr. Anil Kumar, Director, National Organ and Tissue Transplant Organization (NOTTO) supplied complete insights on Ethical and authorized elements of organ donation and transplant and stated “Empowering communities via well being promotion and prevention is the cornerstone to safeguarding towards organ failure. By establishing sturdy authorities multiorgan transplant facilities and organ retrieval amenities in trauma facilities and medical faculties, we pave the trail for elevated deceased organ and tissue donations. Embracing methods for donation after circulatory dying and enhancing swap donation initiatives not solely increase the donor pool but in addition elevate requirements and outcomes in transplantation. Through relentless coaching and capability constructing, we will nurture a tradition of giving, guaranteeing each life-saving alternative is realized.” During the speak, he additionally counseled the efforts of Dr. D. Y Patil Medical CollegeHospital & Research Centre within the subject of organ transplantation.

    Furthermore, Dr. Bhagyashree Patil highlighted, “At our establishment, we now have a workforce of devoted consultants throughout Heart, Lung, Liver, Pancreas, and Kidney transplants, empowered by the most recent in Robotic know-how, ECMO, IVF and superior surgical instruments. In the sector of organ transplantation, we at all times honor the human spirit that drives our work. We pay tribute to our beneficiant donors, have a good time the power of our recipients and acknowledge the steadfast help of their households.”

    Highlighting the SOCA-2024 occasion, Dr. Yashraj Patil, stated, “This convention, gathering good minds and revolutionary spirits, stands as a shining testomony to our unwavering dedication in the direction of excellence in healthcare training. The significance of occasions like SOCA-2024 present a singular platform the place the most recent in medical analysis, surgical improvements, instructional methodologies and cutting-edge know-how converge, providing us invaluable insights into the way forward for healthcare and the developments in hi-tech medical infrastructure.”

    Dr. J. S. Bhawalkar, Dean of Dr. D. Y. Patil Medical CollegeHospital and Research Centrestated “It is a confluence the place revolutionary minds meet, collaborate and interact in a profound trade of information and concepts. Our purpose isn’t solely to delve into the current developments within the subject of scientific anatomy but in addition to foster enduring collaborations that may form the way forward for medical training and follow.”

    “The essence of pioneering medical therapy lies in our collective means to weave the intricate information of anatomy with the precision and innovation of surgical practices. It is a platform the place experience isn’t solely showcased however shared, the place the collective knowledge of this gathering can result in exponential enhancements in how we educate, study and apply the rules of anatomy in surgical settings,” stated Dr. P. Vatsalaswamy, Director Academics, Dr. D. Y. Patil Medical CollegeHospital and Research Centre.

    The 3-day convention will see medical professionals, college students, researchers and medical practitioners from varied establishments the world over collaborating on this enriching occasion.

  • High interest rates: These 5 banks are giving interest up to 7.75% on 1 year FD; See complete details here

    (*5*)

    (*1*)
    High interest charges: These 5 banks are giving interest up to 7.75% on 1 year FD; See complete details here

    For the previous couple of years, banks have been providing enormous interest on FD. Let us find out about these 5 banks which are providing the very best interest on 1 year FD to their clients.

    – Advertisement –

    If you are planning to put money into Fixed Deposit (FD) within the close to future, then this information is beneficial for you. By making fastened deposits, clients get assured earnings with bumper returns after a set interval. For the previous couple of years, banks have been providing enormous interest charges to FD clients. Today we are going to inform you about these 5 banks which are providing the very best interest on 1 year FD to their clients. Let us know concerning the complete information intimately.

    DCB Bank
    DCB Bank is providing 7.25% interest to its normal clients on 1 year FD. At the identical time, the financial institution is providing 7.75 p.c interest to its senior citizen clients for a similar interval.

    Tamilnad Mercantile Bank
    Tamilnad Mercantile Bank is giving 7.25% interest to its normal clients on 1 year FD. On the opposite hand, the financial institution is providing 7.75 p.c interest to its senior citizen clients on FD for a similar interval.

    Canara Bank
    Canara Bank is giving 7% interest to its normal clients on 1 year FD. On the opposite hand, the financial institution is providing 7.75 p.c interest to its senior citizen clients for a similar interval.

    Karnataka Bank
    Karnataka Bank is giving 7% interest to its normal clients on 1 year FD. At the identical time, the financial institution is giving 7.40 p.c interest to its senior citizen clients for a similar interval.

    Deutsche Bank
    Deutsche Bank is giving 7% interest to its normal clients on 1 year FD. On the opposite hand, the financial institution can also be providing solely 7% interest to its senior citizen clients on FD for a similar interval.

    Income Tax Alert! If you miss this date, you’ll not get rebate on residence mortgage and funding, tax could have to be paid beneath the brand new regime.

    – Advertisement –

  • High interest rates: These 5 banks are giving interest up to 7.75% on 1 year FD; See complete details here

    (*5*)

    (*1*)
    High interest charges: These 5 banks are giving interest up to 7.75% on 1 year FD; See complete details here

    For the previous couple of years, banks have been providing enormous interest on FD. Let us find out about these 5 banks which are providing the very best interest on 1 year FD to their clients.

    – Advertisement –

    If you are planning to put money into Fixed Deposit (FD) within the close to future, then this information is beneficial for you. By making mounted deposits, clients get assured earnings with bumper returns after a set interval. For the previous couple of years, banks have been providing enormous interest charges to FD clients. Today we are going to inform you about these 5 banks which are providing the very best interest on 1 year FD to their clients. Let us know concerning the complete information intimately.

    DCB Bank
    DCB Bank is providing 7.25% interest to its basic clients on 1 year FD. At the identical time, the financial institution is providing 7.75 % interest to its senior citizen clients for a similar interval.

    Tamilnad Mercantile Bank
    Tamilnad Mercantile Bank is giving 7.25% interest to its basic clients on 1 year FD. On the opposite hand, the financial institution is providing 7.75 % interest to its senior citizen clients on FD for a similar interval.

    Canara Bank
    Canara Bank is giving 7% interest to its basic clients on 1 year FD. On the opposite hand, the financial institution is providing 7.75 % interest to its senior citizen clients for a similar interval.

    Karnataka Bank
    Karnataka Bank is giving 7% interest to its basic clients on 1 year FD. At the identical time, the financial institution is giving 7.40 % interest to its senior citizen clients for a similar interval.

    Deutsche Bank
    Deutsche Bank is giving 7% interest to its basic clients on 1 year FD. On the opposite hand, the financial institution can be providing solely 7% interest to its senior citizen clients on FD for a similar interval.

    Income Tax Alert! If you miss this date, you’ll not get rebate on residence mortgage and funding, tax could have to be paid below the brand new regime.

    – Advertisement –