Tag: electric

  • Hyundai introduces Hy-CNG Duo campaign for EXTER, Nios

    Hyderabad: Hyundai Motor India Limited (HMIL), sets in motion a brand-new campaign for its Dual Cylinder CNG technology – “Space Bhi. Mileage Bhi.” Strengthening its commitment to innovation and providing sustainable mobility solutions, HMIL recently launched the EXTER and Grand i10 NIOS Hy-CNG Duo, keeping in mind the evolving travel needs of the customers. The brand campaign has been conceptualised to highlight the convenience of Hy-CNG Duo technology with the benefits of expansive boot space and great fuel efficiency.

    Renowned for its innovative marketing strategies and customer-centric approach, HMIL, with the Hy-CNG Duo brand campaign, has strived to struck chords with the audience by highlighting the Dual Cylinder CNG technology and its benefits to the audience. The campaign invites audience into a world which is engaging and aspirational while showcasing Hy-CNG Duo’s practicality and how its USPs resolve issues and biases that are usually accompanied with CNG vehicles.

    Sharing his insights about the campaign, Tarun Garg, Whole Time Director & Chief Operating Officer, Hyundai Motor India Limited, said, “As a brand committed to delivering innovative and sustainable mobility solutions, we are thrilled to see the growing contribution of our CNG-powered vehicles, which accounted for 13 per cent of our total sales in September 2024. The introduction of Hy-CNG dual-cylinder technology has received very positive customer feedback, with the CNG powertrain’s contribution in the EXTER and Grand i10 NIOS rising to 25 per cent and 20 per cent respectively. Our latest campaign for the Hy-CNG Duo technology in the EXTER and Grand i10 NIOS highlights the blend of convenience and fuel efficiency that our customers seek. With spacious interiors and advanced technology, these vehicles offer a great driving experience. We shall strive to meet the evolving needs of our customers with eco-friendly, high-performance solutions.”

    The TVC film exemplifies a unique yet relatable storyline, with a common central character who incapsulates the spirit and features of EXTER Hy-CNG Duo in a convincing yet entertaining manner. With a simple context of a marriage in an Indian family, the TVC further highlights how carrying luggage is made easy with the help of massive boot space in the EXTER Hy-CNG Duo along with its fuel efficiency. The campaign truly delivers the key messaging of “Space Bhi. Mileage Bhi.” ensuring a lasting impression on viewers.

    This multi-channel campaign will be promoted across digital, and social media channels, including YouTube, Facebook, and Instagram. Designed to boost website visits and video views, the campaign will utilize programmatic platforms to reach in-market of auto enthusiasts, family-focused individuals, and travel affinity audiences.

    The EXTER & Grand i10 NIOS Hy-CNG Duo are powered by 1.2 l Bi-Fuel (Petrol with CNG) engine paired with 5 Speed Manual Transmission delivering a mileage of 27.1 km/kg and 26.9 km/kg respectively (ARAI Tested). Ensuring maximum safety to the customers, the vehicles come equipped with a company fitted CNG system which is strategically placed under the luggage board, bringing out the practical usage of the boot space and sufficing the travel needs of the customers.

  • Stride Green plans $500 Million in asset financing for sustainable businesses • EVreporter

    Stride Green, an asset finance and management platform located in Delhi NCR, supports businesses in India’s electric vehicle (EV) ecosystem and is expanding to other climate-related sectors such as renewable energy, green hydrogen, waste management, and circular economy solutions. Over the next 18 to 24 months, Stride Green aims to facilitate asset financing of up to $500 million as part of its efforts to support India’s green transition.

    In its first six months of operation, the platform has helped reduce 312,000 kilograms of CO2, facilitated over 10 million green kilometers, and achieved an environmental impact equivalent to planting more than 13,000 trees. Stride Green works with original equipment manufacturers (OEMs) like TATA, Switch Mobility, Bajaj, Mahindra, Euler, Omega Seiki, Ola Electric, and Zen Mobility, providing electric vehicle financing to fleet operators and drivers. The platform has also collaborated with companies such as Zomato, Swiggy, Amazon, Flipkart, and Porter to advance green mobility initiatives.

    Stride Green’s Asset Lifecycle Management Platform links stakeholders—including OEMs, lenders, maintenance providers, and recycling partners—to promote sustainable management throughout the asset lifecycle. To date, the platform has financed over 1,500 electric vehicles and hyperchargers and has partnered with LOHUM to evaluate the residual value of batteries at the end of their first life cycle.

    According to Mr Ishpreet Singh Gandhi, Group CEO, Stride, “At Stride Green, we’re not just financing assets—we’re empowering a sustainable shift in India’s business ecosystem through holistic tech-enabled financing.”

    Vivek Jain, Co-Founder & CBO, Stride Green said “In a short span of time, Stride Green has achieved industry-first growth, proving that new-age innovative eco-conscious businesses are in great need of tech-enabled financing solutions. Our in-house technology and financial expertise are allowing us to create bespoke solutions that can address any kind of financial need for all types of eco-conscious businesses.”

    Also read: LOHUM and Stride Green partner to finance up to 5000 electric vehicles

    Subscribe & Stay Informed

    Subscribe today for free and stay on top of latest developments in EV domain.

  • Yamaha Achieves Milestone of 400 Blue Square Showrooms; Expands its Presence

    Hyderabad: India Yamaha Motor (IYM) has achieved a significant milestone by establishing 400 Blue Square showrooms nationwide, adding 100 new outlets in just the past six months. This rapid expansion underscores Yamaha’s ongoing commitment to delivering an unmatched customer-centric experience. By bringing its premium two-wheeler offerings closer to customers, particularly in India’s rapidly growing tier-2 and tier-3 cities, Yamaha is catering to the rising aspirations of its consumers across the country.

    Since the launch of ‘The Call of The Blue’ brand campaign in 2018, Yamaha has focused on bringing its premium offerings closer to customers and building stronger connections. The introduction of Blue Square showrooms in 2019 has been instrumental in creating an exclusive environment that reflects Yamaha’s racing DNA and caters to the growing demand for performance-oriented products.

    Commenting on this achievement, Eishin Chihana, Chairman, Yamaha Motor India Group of Companies, said, “Crossing the milestone of 400 Blue Square showrooms reflects our continuous effort to be closer to our customers, especially in India’s fast-growing tier-2 and tier-3 cities. We recognize the growing aspirations of customers across the country, and we are here to cater to those ambitions by offering a premium, personalised experience through our Blue Square outlets. These spaces are not just retail touchpoints—they are where customers can truly immerse themselves in the Yamaha world and explore our products in an environment designed for them. We extend our heartfelt thanks to our dealer partners and customers for their continued trust and support in achieving this milestone.”

    The design of Blue Square showrooms caters to the evolving needs and aspirations of today’s discerning customers. With dedicated zones for accessories, merchandise, and community engagement, these showrooms embody Yamaha’s philosophy of innovation, sportiness, and style. Each outlet serves as a hub for Yamaha’s ‘Blue Streaks’ rider community, enabling customers to participate in group rides and build connections with fellow enthusiasts.

    The Blue Square network houses Yamaha’s most exciting products, including the track-oriented R3, street fighter MT-03, and the maxi-sport AEROX 155 scooter, alongside models equipped with advanced features like Traction Control System (TCS). Customers can also explore a range of other motorcycles and scooters, including the YZF-R15 V4, MT-15 V2, FZ-X, Fascino 125 FI Hybrid, and Ray ZR Street Rally 125 FI Hybrid, all designed to offer a thrilling riding experience with superior performance.

    With 400 operational Blue Square outlets across India, Yamaha continues to expand its footprint, ensuring that more customers, especially in emerging regions, have access to its premium products and services.

  • Tyres & Turning | Brief History and Lifecycle of Tyres • EVreporter

    Automotive consultant and subject matter expert Mr Prabhat Khare writes about automotive tyres, their many types, and technological upgrades over the years and their lifecycle.

    Once, when Shambhasur attacked the heavens, Raja Dashrath was called upon to join the army of Indra, the Lord of Heavens, to allay the attack. Rani Kaikeyi, too, accompanied him. During the war, the axle of the chariot’s wheel broke when Rani Kaikeyi was supposed to have used her finger for the axle till the battle was over. Overwhelmed with gratitude for her timely help, the king bestowed two boons on her. Later, these two boons formed the basis of Ramayana. – From Valmiki Ramayana

  • Bajaj Auto Expected to Boost Revenue in Q2FY25

    Bajaj Auto is expected to earn ₹13,300 crore in money in Q2FY25, according to a survey.

    This is 23.41% more than the ₹10,777 crore they made last year.

    The company thinks they will sell more bikes, with sales going up by 16% to 12.21 lakh units.

    They also plan to earn more money from each bike they sell because of better products.

    Several factors have contributed to the increase in revenue.

    Some factors include growth in exports, expansion of premium two-wheeler segments, and price hikes implemented throughout the year.

    This is what Motilal Oswal thinks about Bajaj Auto Q2 Results

    “Domestic volumes grew 21% YoY, while export volumes rose 7% YoY. In domestic motorcycles, after many quarters, the mix is estimated to have deteriorated given higher sales of Chetak and Freedom 125 and a normalizing momentum for Pulsar 125,” Motilal Oswal said.

    Pune-based company, Bajaj Auto is the world’s third-largest manufacturer of motorcycles. It is also the second-largest motorcycle manufacturer in India.

  • India witnesses another strong quarter for two-wheeler sales

    New Delhi, Oct 16: Two-wheelers saw strong double-digit growth (year-on-year) in the second quarter of this fiscal, while three-wheelers grew by high single-digits, as wholesale volume trends were mixed across segments, a report showed on Wednesday.

    The original equipment manufacturers (OEMs) reporting mixed revenue growth and margins in the July-September period, with 2Ws outperforming other segments.

    “But we are still long-term positive on passenger vehicles (PVs) given the sectoral tailwinds and see the weakness in commercial vehicles (CVs) as a temporary hiccup as we find the sector entering a new upcycle phase,” according to the report by BNP Paribas India.

    PV volume marginally declined and CV volume was also weak, likely hurt by the prolonged monsoon and slowdown in infrastructure activities, with low fleet utilisation.

    HMSI (Honda Motorcycle) gained the most market share (retail) in 2Ws, while HMCL (Hero MotoCorp Ltd) lost the most in Q2 FY25. In PVs, Mahindra and Mahindra gained the most market share, while Maruti Suzuki India Ltd and Hyundai lost.

    “We expect high single-digit to strong double-digit YoY revenue growth for 2Ws, and flat to high single-digit revenue decline for PVs (except for Mahindra) in Q2 FY25,” the report mentioned.

    Management commentary on high levels of PV inventory, rising discounts and festive demand outlook would be key to watch out for.

    “That said, given the weakening auto demand globally (and recent guidance cut by global peers), we now see a risk of Jaguar Land Rover (JLR) cutting its FY25 guidance, eventually pushing next-year’s guidance by a year,” the report noted.

    According to the latest SIAM data, domestic sales of passenger vehicles stood at 3,15,689 in September, compared to 3,16,908 units in September last year.

  • Bajaj Auto clocks 9 pc net profit growth at Rs 2,005 crore in Q3, EV sales surge

    New Delhi, Oct 16: Riding on its green energy portfolio, Bajaj Auto on Wednesday reported a net income of Rs 2,005 crore in the July-September quarter (Q2 FY25), up 9 per cent from a year-ago period.

    Adjusting for the exceptional deferred tax provision, profit after tax (PAT) reached Rs 2,216 crore, up 21 per cent (year-on-year).

    “Reported PAT was at Rs 2,005 crore, after making an additional provision of Rs 211 crore to account for the cumulative one-time impact on Deferred Tax on Investment Income, due to the withdrawal of indexation and change in tax rate in the Finance Act, 2024,” the company said in its regulatory filing.

    The automaker reported revenue from operations at Rs 13,000 crore, up 22 per cent YoY.

    Bajaj Auto’s shares closed 0.88 per cent higher at Rs 11,622.5 apiece on Wednesday.

    The company said its green energy portfolio scaled up to reach new milestones of 1 lakh electric vehicles (EVs) sold in the month of September, which included 70,000 Chetak electric scooters (with a market share at 21 per cent in September).

    “The portfolio comprising of electric and CNG vehicles across both the 2W and 3W portfolio, which now contributes a significant 40 per cent of total domestic revenues,” Bajaj Auto said in the filing.

    The company said that it saw double-digit growth in both motorcycles and commercial vehicles, propelled by the near trebling of electric scooters.

    “Pulsar continues to gain traction across markets as it delivered its highest quarterly sales of 1.1 lakh units,” the company informed.

    The firm further stated that it is on the path to replicate the leadership of the ICE 3W segment to e3Ws (electric), as the segment exit market share reached 35 per cent, having doubled from the end of last year.

    At the end of quarter, Bajaj Auto has surplus cash of Rs 16,392 crore, after having invested Rs 1,200 crore towards strategic growth enablers (primarily capital infusion into Bajaj Auto Credit Ltd. and EV capex), and distributing Rs 2,233 crore as dividend in H1 FY25.

  • Hyundai Motor develops automated vehicle press mold design system

    Seoul, Oct 16: Hyundai Motor Group said on Wednesday it has developed the world’s first automated system for designing vehicle press molds, allowing drastic reduction in design time and quality improvement in the automobile production process.

    Press molds are tools used to produce exterior parts, such as trunks and hoods, and each part requires three to five press operations, with different molds used for each step.

    The group said it has standardised the technical documents and design conditions for mold design and integrated the previously scattered design processes into a single system, reports Yonhap news agency.

    The system allows designers to simply input the necessary values step by step into the system, which then automatically generates the optimal design blueprint for the press mold.

    The company said the mold design time can be reduced by over 75 percent, and design errors can be eliminated through its new system, leading to improved quality.

    Hyundai Motor and Kia have been applying this system partially since 2020, and they have recently completed the development of the system that can be utilised for the design of molds in all press operations.

    Meanwhile, Hyundai Mobis, South Korea’s leading automotive parts maker, said on Wednesday it has signed an investment agreement worth some 350 billion won ($256.2 million) with the Slovak government to build manufacturing facilities for electric vehicle (EV) parts in the European country.

    It has signed the agreement with the Slovak government to build a 250 billion-won production base for producing power electric (PE) systems, a key EV component, in Novaky, Slovakia.

    The company also plans to construct a 95 billion-won factory for EV braking systems within its existing facility in Zilina. Slovak Prime Minister Robert Fico and Hyundai Mobis President Lee Gyu-suk attended a signing ceremony in Bratislava.

    The company said it plans to leverage its new electrification hub in Slovakia as a strategic foothold for expanding its presence in the European EV market.

  • India L5 E-3W Sales Trend | Jan 2024

    Total Registered e-3W L5 Passenger Sales (Jan’24 – Aug’24) – 69,076 units

    Observations:

    Source: EVreporter Data Portal. Combined data from Vahan and Telangana. Low speed L3 e-rickshaw data not included.

    • The highest EV sales in 3W passenger category were registered in Uttar Pradesh, Assam and Bihar with 21,404, 6,912, 4,841 units respectively. Bajaj Auto hold the highest sales in Uttar Pradesh with 8,778 units followed by Mahindra Last Mile Mobility with 6,762 units during this period.
    • The highest EV penetration in e-3W passenger category was observed in Chandigarh with 100% penetration followed by Puducherry and Tripura with 71.5% and 57.7% respectively.
    • Mahindra Last Mile Mobility registered highest sales in e-3W passenger category followed by Bajaj Auto and Piaggio.

    Source: EVreporter Data Portal. Combined data from Vahan and Telangana

    Total Registered e-3W L5 Cargo Sales (Jan’24 – Aug’24) – 22,632 units

    Observations:

    Source: EVreporter Data Portal. Combined data from Vahan and Telangana. Low-speed L3 e-cart data not included.

    • The highest EV sales in 3W cargo category were registered in Delhi, Tamil Nadu and Maharashtra with 5,432, 2,040 and 2,010 units respectively. Omega Seiki and Euler Motors holds the highest sales in Delhi with 2,699 and 1,297 units sold respectively during this period.
    • The highest EV penetration in e-3W goods category was observed in Meghalaya with 96.7% penetration followed by Delhi and Chandigarh with 74.8% and 43.5% respectively.
    • Mahindra Last Mile Mobility registered highest sales in electric L5N category followed by Omega Seiki and Euler Motors.

    Source: EVreporter Data Portal. Combined data from Vahan and Telangana

    For deeper insights into India’s EV sales trends (including Telangana data) – Segment-wise, OEM-wise, city-wise, RTO-wise and state-wise – check out the EVreporter Data Portal here and subscribe.

    Also read: India’s electric vehicle sales trend | September 2024

    This article was first published in EVreporter Oct 2024 magazine

    Subscribe & Stay Informed

    Subscribe today for free and stay on top of latest developments in EV domain.

  • Maruti Suzuki Introduces Baleno Regal Edition

    Hyderabad: Embracing the festive fervour, Maruti Suzuki India Limited (MSIL), on Tuesday introduced the new Baleno Regal Edition. The new special edition version will be available across all variants of the model, including the automatic and CNG variants. The new model is tailored to elevate the appeal of the popular premium hatchback with enhanced cabin comfort and stylish design elements to lend a personalised touch. Equipped with complimentary accessory kits, the model offers incredible value to customers looking for a technologically advanced premium hatchback with unique styling.

    Commenting on the introduction of the new model, Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “Baleno has always been at the forefront of the premium hatchback segment, redefining customer expectations. To make this festive season more exciting and joyful for our customers, we have carefully crafted the new Baleno Regal Edition. It features distinct styling with appealing interior and exterior enhancements.

    Since its inception in 2015, this bold premium hatchback has become a part of more than 15 lakh families in India. With its aggressive design, spacious cabin, and tech-loaded features , it has captivated customers across the country. We are confident that the launch of the Baleno Regal Edition will further contribute to the festive cheer for our discerning customers.”

    The model offers a range of carefully curated accessories to enhance the cabin comfort & add to the premium hatchback’s stylish appeal. Lending a striking appearance to the exteriors are a grille upper garnish, front underbody spoiler and fog lamp garnish. A similar styling treatment is available for the rear underbody spoiler and back door garnish, along with body side moulding and door visors to give the new Baleno Regal Edition a unique new identity. The interiors of the car are adorned with a new seat cover, interior styling kit, window curtain and all-weather 3D mats.

    The embellishments on the model are designed to complement the car’s suave, tech savvy persona. The model is loaded to the gills with a barrage of high-end technology features including the 360 View Camera, coloured Head Up Display for the driver, LED projector headlamps with NEXTre’ LED DRLs, Auto Dimming Interior Rear View Mirror, Automatic Climate Control, and a SmartPlay Pro+ Infotainment system with a 22.86 cm display for a high-end experience. Secured by the NEXA Safety Shield, the new Baleno Regal Edition is equipped with an array of safety features including 6 airbags, ESP, Hill Hold Assist, ABS with EBD, and the next-generation Suzuki Connect telematics with over 40 smart features.