Tag: electric

  • Maruti Joins IAF for Vayu Veer Vijeta Car Rally to Honour Courage and Valor Of Fallen Heroes

    Hyderabad: Maruti Suzuki India Limited (MSIL), has associated with the Indian Air Force (IAF) and Uttarakhand War Memorial for the Vayu Veer Vijeta Rally. The Vayu Veer Vijeta Rally has tags like Himalayan Thunder and “Wings of Glory” Car rally. The core objective of the rally is to honour the brave soldiers who made sacrifice in service of the nation and encourage youth to join Indian Armed Forces. Minister of Defence, India, Rajnath Singh in the presence of other Members of Parliament and senior dignitaries from Maruti Suzuki India Ltd. made a ceremonial flag-off at the National War Memorial on October 1. The formal flag-off is scheduled on Air Force Day, October 8 at THOISE (Transit Halt of Indian Soldiers Enroute (to Siachen)), one of the world’s highest attitude air force stations.

    Rally will include 52 participants including Air Warriors, women officers, veterans, and representatives from the War Memorial. It will be joined by three former Air Force Chiefs in various legs. The rally would cover a total distance of 7,000 km, from THOISE Air Force Station in Ladakh to Tawang Air Force Station in Arunachal Pradesh. The rally, equipped with 12 Maruti Suzuki Jimny SUVs, will traverse arduous and treacherous terrains, leveraging the Jimny’s off-roading prowess to tackle the challenges over the course.

    Supported by Progress, Harmony, and Development Chambers of Commerce and Industry (PHDCCI), New Delhi, the participants will traverse some of the most challenging landscapes, representing the hardships our heroes have endured in securing and safeguarding these terrains. Maruti Suzuki Jimny with its indomitable spirit, will aid the convoy in successful completion of this epic rally from Thoise to Tawang, visiting War Memorials en-route and paying respects to the fallen heroes. Additionally, the rally will have sixteen halts, twenty interactions with students and youth in schools and colleges enroute, aiming to create awareness about the Indian Armed Forces and inspire the youth to consider an illustrious career in the service to the nation.

    Commenting on this, Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “Maruti Suzuki is proud to associate with the Indian Air Force in the Vayu Veer Vijeta Rally, an initiative that honours our armed forces. This rally stands as a symbol of the enduring spirit of the heroes who have given everything in the line of duty. We have a long-standing association with the armed forces and the Jimny is building on that legacy with its legendary off-road capabilities. The Jimny perfectly aligns with the ethos of this mission, and we are proud to have our vehicles to be a part of this rally.”

    The rally will pass through key regions such as Leh, Kargil, Srinagar, Jammu, Chandigarh, Dehradun, Agra, Lucknow, Gorakhpur, Darbhanga, Bagdogra, Guwahati, Tezpur to reach Tawang. This initiative stands as a tribute to honour the valiant sacrifices of our heroes and carry forward the legacy of courage and sacrifice left by them.

    The Maruti Suzuki Jimny, with its superior engineering and rugged design, will assist Indian Air Force teams to navigate through India’s harsh terrains, from the arid mountains of Ladakh to the challenging steep roads leading to Tawang. Its role in the rally highlights the vehicle’s durability and Maruti Suzuki’s unwavering commitment to initiatives that celebrate national pride and promote a spirit of service.

  • Maruti Suzuki True Value launches Sirf True Value Pe campaign

    Hyderabad: Maruti Suzuki True Value, India’s most trusted pre-owned car brand, is poised to launch five new brand films under the #SirfTrueValuePe campaign. Building on the past success of the campaign, the latest films aim to further reinforce True Value’s reputation as one-stop destination for seamless buying and selling pre-owned cars, highlighting the platform’s reliability and customer-centric offerings.

    Featuring Rajkummar Rao as the brand ambassador, the campaign aims to strengthen True Value’s image as a reliable and transparent choice for pre-owned car buying and selling experience. This includes two films promoting True Value’s Direct-Buy feature by emphasizing the hassle-free experience of selling a car through True Value. Key advantages such as timely payment and easy RC transfer are at the forefront in these films. The remaining three films underscore the comprehensive services customers get when buying a pre-owned car from True Value. These include a rigorous 376 quality checks, 3 free services, verified car history, and up to a 1-year warranty. These features are designed to provide peace of mind with assurance of quality, whether selling or purchasing a pre-owned vehicle from True Value.

    Commenting on the launch of the new TVCs, Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “The #SirfTrueValuePe campaign represents a significant evolution in how Maruti Suzuki True Value serves its customers, not just as a platform to buy pre-owned cars, but as the preferred destination for selling them as well. True Value has achieved an impressive 13.1% increase in pre-owned vehicle sales and a 16.4% growth in direct-buying volumes since April 2024, reflecting our strong market presence with over 55 lakh customers. The new brand films not only build on the trust we’ve cultivated over the years but also showcase our dedication to delivering an exceptional and transparent experience in buying and selling pre-owned cars. With a strong footprint across 591 outlets, we ensure that customers receive best value when selling and a complete peace of mind when purchasing a car through True Value.”

    ‘Gaadi Bikti Hai #SirfTrueValuePe’ commercials, Rajkummar Rao advises customers on the ease of selling their cars at True Value, showcasing benefits like timely payments and RC transfer. In the ‘Gaadi Milti Hai #SirfTrueValuePe’ films, he highlights True Value’s unparalleled buying experience, including 376 quality checks, free services, and a 1-year warranty for pre-owned cars.

    The comprehensive 360-degree campaign will be rolled out across multiple platforms, including television, OTT channels, digital media, and social platforms to reach a wide and diverse audience.

    Maruti Suzuki True Value offers a comprehensive solution for both sellers and buyers, combining advanced technology with deep industry expertise. For sellers, the platform provides a seamless, transparent process with services such as free home evaluation, an AI-powered pricing engine, secure RC transfers, hassle-free documentation, and on-time payments, ensuring convenience and peace of mind. Each customer is also assigned a dedicated Relationship Officer to guide them through every step of the car buying and selling journey. True Value delivers a reliable and worry-free purchasing experience, offering thoroughly inspected vehicles backed by a 376-point quality check, up to 1-year warranty, and three free services.

  • BMW Group India Posts Best-ever Year to Date Car Sales

    Hyderabad: BMW Group India continues its success story by posting best-ever year to date car sales (January – September 2024) with 10 per cent growth. In the first nine months, 10,556 cars (BMW and MINI) and 5,638 motorcycles (BMW Motorrad) have been delivered. BMW sold 10,056 units and MINI 500 units.

    Vikram Pawah, President and CEO, BMW Group India said, “BMW Group India is scaling new heights with consistent and robust business results. The highest ever car deliveries during January to September this year, reflects the synergy between a successful strategy and an unparalleled customer experience. BMW Group India is changing the game with its long wheelbase product portfolio and a strong electric mobility offensive. Key models like the BMW 7 Series Long Wheelbase, BMW 3 Series Long Wheelbase and BMW X1 are leading in their segments and demand for the new BMW 5 Series Long Wheelbase is overwhelming. Excellence across the entire spectrum of sales, aftersales, processes and customer engagements set our brands apart, creating an intense pull for both existing customers and aspiring individuals who want to enjoy sheer driving pleasure.”

    BMW Joy Days complimented the festive seasons as a catalyst for strong sales performance. The newly launched BMW 5 Series has already garnered sales of over 300 units with a strong order bank over 600 units.

    BMW Group Electric Vehicles

    With the widest and most attractive range of electric vehicles in the luxury segment, BMW Group India maintains its top position in the electric mobility space. As many as 725 units of fully electric BMW and MINI cars were delivered YTD Q3 2024. BMW i7 was the largest selling BMW EV.

    BMW Group India now offers six electric cars and two electric scooters in India –

    BMW: i7, i5, i4, iX, iX1 | MINI: Countryman Electric | BMW Motorrad: CE 04 and CE 02.

    BMW Group India is the first luxury car manufacturer in the country to cross the milestone of over 2,000 EV deliveries till date. BMW iX is the most popular luxury EV in India with over 1,000 units sold till date.

    Apart from the strong product offensive, a key differentiating factor in this success is building a robust electric ecosystem for customers. BMW Group India has one of the largest fast-charging networks at its dealerships across 51 cities in India. Additional facilities like complimentary home charger with installation, Destination Charging and Smart E-Routing come together to build strong trust in electric mobility services from BMW and MINI.

    BMW Long Wheelbase Range

    BMW India possesses the largest portfolio of long wheelbase models in the luxury segment – BMW 7 Series, BMW 5 Series and BMW 3 Series. Designed keeping the requirements of Indian clientele in mind, these strategic models are highly successful due to enhanced space, comfort and luxury.

    BMW Luxury Class (BMW 7 Series, BMW i7, BMW X7 and BMW XM)

    BMW Luxury Class vehicles contributed 17 per cent to total sales and BMW X7 was the highest-selling model. Launch of new exclusive editions such as BMW X7 Signature heightened the opulence of the segment.

    BMW Sports Activity Vehicles and Sedans

    With around 50:50 ratio between sports activity vehicles and sedans sales, BMW Group India is strategically positioned across the entire product spectrum in the luxury segment.

    BMW Sports Activity Vehicles contributed 55 per cent to sales. BMW X1 was the most popular SAV with around 20 per cent share in sales. BMW 3 Series was once again the highest selling BMW sedan with a 19 per cent share in sales.

    BMW and MINI 360°

    Customers enjoy great value proposition and complete peace of mind with the 360⁰ finance plan from BMW India Financial Services which offers attractive low monthly instalments, assured buy-back, flexible end of term options and an opportunity to upgrade to a new car amongst other benefits. As many as 7 out of 10 cars financed by BMW India Financial Services are through BMW and MINI 360⁰.

    For BMW Joy Days festive offers, BMW India Financial Services has introduced exclusive finance plans with interest rates as low as 7.75 per cent per annum and comprehensive EMI plans starting from just Rs49,999 onwards.

    BMW Group India

    With BMW, MINI and Motorrad, the BMW Group has its sight set firmly on the premium sector of the Indian automobile market. Along with cars and motorcycles, BMW Group’s activities in India comprise of financial services for its premium clientele. BMW India and BMW India Financial Services are 100 per cent subsidiaries of the BMW Group and are headquartered in Gurgaon (National Capital Region).

    BMW India started operations in 2007. The wide range of its activities include a manufacturing plant in Chennai, a parts warehouse in Pune, a training centre in Gurgaon NCR and development of a dealer organisation across major metropolitan centres of the country.

    MINI has successfully established itself as a premium small car brand in India since its launch in January 2012. BMW Motorrad officially started its operations as a part of the Indian subsidiary of BMW Group in April 2017.

    With BMW, MINI and BMW Motorrad, BMW Group India currently has over 80 touchpoints across the country setting high benchmarks in service quality and customer service. With launch of Retail.NEXT, BMW Group India aims to create a future-forward retail space that not only showcases its vehicles but also embodies the brand’s commitment to luxury, innovation, and customer satisfaction. The new retail concept entails new design, new digital tools, new roles, and new processes. With a total investment of INR 365.6 crores, Retail.NEXT will be implemented across 56 facilities in 33 cities over 36 months.

    BMW India Financial Services, a Non-Banking Finance Company (NBFC), started operations in 2010. It operates with three business lines: Retail Finance, Commercial Finance and Insurance Solutions (as corporate agents). The services offered through BMW India Financial Services are significantly valuable to the premium clientele who require exclusive and flexible financial solutions.

  • Ready For Road & Race With BMW M4 CS

    The all-new BMW M4 CS sports coupe has arrived in India. The first-ever BMW M4 CS model to be launched in India, it is the most powerful and fastest BMW M4 currently available globally.

    Featuring Iconic BMW S58 6-cylinder that puts out 550 hp power, the sports car completes one lap on a racetrack within just seven minutes and 21 seconds. Hold your breath! this mean machine can be yours at just Rs1.89 crore. For the uninitiated, ‘M’ in its name stands for Motorsport and CS stands for Competition Sport

  • BMW Group India posts best-ever luxury car sales with 10 pc growth in Jan-Sep

    New Delhi, Oct 4: BMW Group India on Friday said it posted best-ever luxury car sales with 10 per cent growth in the country in the January–September period this year.

    In the first nine months, 10,556 cars (BMW and MINI) and 5,638 motorcycles (BMW Motorrad) have been delivered. BMW sold 10,056 units and MINI 500 units.

    In the luxury electric vehicle (EV) segment, BMW Group India delivered 725 units of fully-electric BMW and MINI cars in the reported period as BMW i7 was the largest selling BMW EV.

    The luxury class vehicles contributed 17 per cent to total sales and BMW X7 was the highest-selling model. Launch of new exclusive editions such as BMW X7 Signature heightened the opulence of the segment, said the company.

    Vikram Pawah, President and CEO, BMW Group India, said the highest-ever car deliveries during January to September this year reflects the synergy between a successful strategy and an unparalleled customer experience.

    “BMW Group India is changing the game with its long wheelbase product portfolio and a strong electric mobility offensive. Key models like the BMW 7 Series Long Wheelbase, BMW 3 Series Long Wheelbase and BMW X1 are leading in their segments and demand for the new BMW 5 Series Long Wheelbase is overwhelming,” Pawah informed.

    According to the automaker, the newly-launched BMW 5 Series has already garnered sales of over 300 units with a strong order bank over 600 units.

    BMW Group India now offers six electric cars and two electric scooters in India.

    The automaker is the first luxury car manufacturer in the country to cross the milestone of over 2,000 EV deliveries to date, with BMW iX becoming the most popular luxury EV with over 1,000 units sold till date.

    BMW Sports Activity Vehicles contributed 55 per cent to sales. BMW X1 was the most popular SAV with around 20 per cent share and BMW 3 Series was once again the highest-selling BMW sedan, with a 19 per cent share in sales, informed the company.

  • India ICE vs EV sales| For top 2W and 3W OEMs in September 2024 • EVreporter

    In September 2024, the penetration of electric vehicles (EVs) in the two-wheeler market was 6.7%. For passenger three-wheeled L5 autos, it reached 25.2%, while cargo three-wheeled L5 autos saw a penetration of 22.2%. This article aims to highlight the current EV sales figures in comparison to overall vehicle sales in the two-wheeler and three-wheeler categories.

    Also Read: Overall EV sales in September 2024

    The e2W sales data for India in September 2024 reveals key trends among manufacturers. Honda Motorcycle leads total sales with 333,803 units, all Internal Combustion Engine (ICE). Hero MotoCorp sold 271,340 units, with 4,308 EVs making up 1.6% of sales. TVS Motor reported 221,188 units, including 18,099 EVs, accounting for 8.2%. Bajaj Auto achieved 141,617 units, with a notable 19,128 EVs, representing 13.5%. Suzuki, Royal Enfield, and Yamaha focus solely on ICE, selling 74,224, 57,342, and 50,040 units, respectively. In contrast, Ola Electric, Ather Energy, and Ampere exclusively offer EVs, with sales of 24,665, 12,689, and 2,821 units, respectively. While Honda leads in total sales without embracing EVs, Bajaj shows the highest proportion of EV sales among traditional manufacturers. This data underscores the industry’s gradual shift toward electric mobility, highlighting the varying levels of EV adoption among traditional players.

    Source: Vahan Dashboard. Data as per 1365 out of 1429 RTOs across 35 out of 36 state/UTs

    The sales data for September 2024 in the Indian three-wheeler passenger industry reveals diverse performance across the Internal Combustion Engine (ICE) and Electric Vehicle (EV) segments. Mahindra Last Mile Mobility leads with a remarkable 94.1% of its total sales (4,951 units) comprising EVs. TI Clean Mobility and Omega Seiki have fully committed to electric production, achieving 100% EV sales. Piaggio Vehicles demonstrates a strong EV adoption rate of 27.6%, while Bajaj Auto Ltd shows a moderate presence with 13.4% of its total sales (33,413 units) being electric. In contrast, TVS Motor Company and Baxy Ltd report lower EV sales percentages at 2.9% and 11.2%, respectively, reflecting a more cautious approach. MLR Auto Ltd maintains a modest 9.1% in EV sales, balancing its ICE and EV offerings. Overall, the data highlights varying degrees of EV adoption among manufacturers, underscoring a growing trend toward electric mobility in the automotive industry.

    The September 2024 sales data for the Indian three-wheeler cargo industry highlights a mix of performance between Internal Combustion Engine (ICE) and Electric Vehicles (EV) across various manufacturers. Mahindra Last Mile Mobility leads in EV adoption, with 63.2% of its total sales (775 units) being electric. Omega Seiki and Euler Motors have fully embraced electric mobility, achieving 100% EV sales. Bajaj Auto reports a moderate EV presence at 12.9% of its total sales (4,013 units), while Piaggio Vehicles follows with a 6.1% adoption rate. MLR Auto and Baxy Ltd show minimal EV sales at 2.6% and 3.4%, respectively, and Capital Auto Industries remains focused solely on ICE vehicles. Overall, the data reflects a growing trend toward EV adoption, with manufacturers like Mahindra, Omega Seiki, and Euler Motors leading the charge, while traditional players like Bajaj Auto and Piaggio Vehicles strategically balance their ICE and EV offerings to meet evolving market demands.

    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 ICE vs EV sales for top 2W and 3W OEMs in August 2024

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  • Built for the Road and Racetrack, the All-new BMW M4 CS Launched in India

    Hyderabad: The all-new BMW M4 CS was launched in India today. The car will be available in the country as a Completely Built-Up (CBU) model and can be booked at the BMW dealership network.

    Vikram Pawah, President and CEO, BMW Group India said, “The M Division from BMW has always catered to the highest aspirations and imagination of our performance-oriented customers. The all-new BMW M4 CS continues the tradition of M special-edition models offering a distinctly sporty character along with motor racing DNA. This particularly sporty model combines superlative performance with unlimited suitability for everyday use. The all-new BMW M4 CS invites you to experience the M feeling in all its glory. The race-track ready BMW M4 CS with M xDrive is utterly unique – and here to conquer.”

    The all-new BMW M4 CS is available at an ex-showroom price of Rs1,89,00,000.

    The car is available in metallic paintworks – Black Sapphire and Brooklyn Grey. BMW Individual metallic paint finishes available as standard – Frozen Isle of Man Green and Riviera Blue. Full leather Merino Anthracite upholstery is available as standard.

    The all-new BMW M4 CS

    Into the broad space between race track experience and soul-stirring road performance comes another BMW M GmbH special edition. This new model takes the blend of attributes typically found in high-performance cars and turns the emotional engagement dial up a few notches. Engine output increased to 405 kW/550 hp, model-specific chassis tuning and minimised weight – helped by numerous components made from carbon fibre-reinforced plastic (CFRP) – bring an extra edge to the BMW M4 Coupé vehicle concept of four seats, everyday practicality, advanced equipment and exclusive design features.

    All in all, lightweight design measures bring the car’s weight down by around 20 kilograms compared to the BMW M4 Competition Coupé with M xDrive. The all-new BMW M4 CS instantly announces its sharper character with a series of individual design features.

    The pure-bred performance talents of this new model are the product of M-typical racing genes, which offer constant reminders of their presence in everyday driving on the road and enjoy full expression out on the track. In testing at the Nürburgring’s Nordschleife circuit – the ultimate barometer for all BMW M cars when it comes to the signature M recipe of dynamic potency, agility and handling precision – the new model recorded an official and notarised time of 7 min. 21.989 sec for the full 20.832-kilometre (12.943-mile) lap.

    The exclusive design features of the model promise a thrilling driving experience. With numerous components made of carbon fiber reinforced plastic (CFRP), the exterior emphasises the car’s motor racing pedigree. The vehicle’s front-end sports a weight-saving, frameless BMW kidney grille with a stripped-back feel reminiscent of racing machines.

    Designed especially for this model, its identifying features include red contour lines and the “M4 CS” badging on the upper of the two horizontal grille bars. The redesigned LED headlights with their characteristic yellow daytime running light icons are reminiscent of GT race cars. Along with the distinctive BMW kidney grille, they define the front of this new model. At the rear, a Gurney-style spoiler, a CFRP diffuser and a titanium exhaust system with four tailpipes leave a lasting impression. Extremely precise CSL Style Laser tail lights are part of the standard equipment and underline the car’s exceptional appearance. Both the model badge at the front and its counterpart on the boot lid have black surfaces with a red border.

    The lightweight wheels (19-inch at the front axle and 20-inch at the rear) are fitted as standard to maximize the performance experience on the race track. The special-edition model is equipped as standard with M Compound brakes with calipers painted in Red. M Carbon ceramic brakes are available optionally. An M front end strut brace – also engineered for lightness – can be specified as an option for the model to increase torsional rigidity and improve handling through dynamically taken corners. The cast aluminium elements connecting the spring strut towers to the front end feature a weight-optimised geometry that has been precisely matched – with the help of numerical models – to the forces applied in various driving situations.

    The motor racing allure of the new model continues in the interior. The entire centre console is made of CFRP which lowers weight and looks very attractive, with an appealing carbon fibre structure and red CS lettering. The standard M Alcantara steering wheel in three-spoke design with a flat-bottomed rim offers a perfect combination of secure grip for dynamic driving manoeuvres and impressive comfort on longer journeys. Its red center marker and CFRP shift paddles add an authentic racing flavor to the cockpit.

    The BMW Curved Display features M-specific readouts and is angled towards the driver, helping them to focus on the road ahead. The standard M Carbon bucket seats in a model-specific design also fuse racing-car feel and long-distance comfort to exceptional effect. Fully electric and heated, they feature integral head restraints and an illuminated model badge. The M Carbon bucket seats are upholstered in Merino leather and come in an exclusive design with a Black/Red colour scheme and distinctive contrast stitching. This bi-colour finish is carried over into the rear compartment of the high-performance sports car. Both the door panels in the front and the rear side paneling are trimmed entirely in Black leather. Red “CS” lettering on the centre console, M seat belts with contrast stitching in the BMW M GmbH colours, an Anthracite-coloured headliner, interior trim strips in Carbon Fibre finish and door sill plates with the inscription “M4 CS” all add to the exclusive ambience inside the car.

    The new car is powered by a particularly muscular version of the high revving six-cylinder in-line engine with M TwinPower Turbo technology. The 3.0-litre unit has had track performance as its raison d’être from day one of its development. It also provides the basis for the engine in the BMW M4 GT3, which won the DTM touring car title in 2022 at the first time of asking and followed that up in 2023 with overall victories at the 24-hour races in Spa-Francorchamps and Dubai. It is also combined with intelligent four-wheel drive M xDrive. The engine generates maximum output of 550 hp and peak torque of 650 Nm with 0-100 kmph acceleration in just 3.4 seconds. The top speed of the special edition – which comes as standard with the M Driver’s Package – is electronically limited to 302 km/h (188 mph).

    The eight speed M Steptronic transmission enables extraordinary short shift times and fast, precise responses to every nudge of the accelerator. The driver can access three clearly distinct setups in both automatic and manual mode – comfort oriented, sports focused, or track optimised. The M-specific Setup button on the centre console enables direct access to the settings options for the engine, chassis, steering, braking system

    and M xDrive. The M xDrive system’s rear-wheel bias and the way it teams up with the Active M Differential at the rear axle – whose operation is also fully variable – add to the signature M feeling when accelerating or powering through corners. Drivers can also switch off the DSC (Dynamic Stability Control) system altogether and engage pure rearwheel drive via 2WD mode. Also fitted as standard in the new car is the M Drive Professional system. This includes track-optimised functions such as the M Drift Analyser, which evaluates and records purposefully executed cornering slides, and the M Laptimer, which provides detailed data on laps of the track and allows sporty-minded drivers to share their exploits with the community. It additionally comes with M Traction Control, whose ten stages also play their part in helping drivers enjoy the pleasure of driving the car enthusiastically on the track.

    BMW Operating System 8.5 in the offers a wider range of digital content for information and entertainment, faster update cycles for functions, improved information on charging points for electric vehicles and optimized access to many specific online services. The display and control system expanded to include the BMW Head-Up Display in conjunction with the BMW Live Cockpit Professional. The advanced display and operating system offers a redesigned entry screen and “QuickSelect” access with an improved menu structure oriented towards consumer electronics devices. A host of BMW ConnectedDrive technologies continue to break the innovation barrier in automotive industry – Telephony with wireless charging, Head Up Display, Smartphone Integration, Active Protection including attentiveness assistant with Park Distance Control with sensors at the front and rear and Parking Assistant. Harman Kardon surround sound system provides an intense musical feast for the ears.

    For utmost safety, the car comes with head and side airbags for driver and front passenger as well as head airbags for rear seats as standard. Additional standard equipment includes Dynamic Stability Control (DSC) including Anti-lock Braking System (ABS), Automatic Stability Control (ASC), M Dynamic Mode (MDM), Cornering Brake Control (CBC), Dynamic Brake Control (DBC), Dry Braking function and Active M Differential. DSC with M xDrive further enhances the safety aspect.

    The new model delivers maximum driving pleasure coupled with an outstanding performance and fuel consumption ratio thanks to BMW EfficientDynamics measures such as intelligent lightweight design, Auto Start-Stop function, electric power steering, differential and transfer case with optimised warm-up behaviour and aerodynamics. Adaptive M suspension as standard offers a great spread between riding comfort and sportiness.

  • JSW MG Motor India unveils an industrial UPS with repurposed EV batteries • EVreporter

    JSW MG Motor India, a joint venture between SAIC Motor and JSW Group established in 2023, has launched a new industrial uninterruptible power supply (UPS) system in Pune that operates on repurposed electric vehicle (EV) batteries. This initiative is part of the company’s ongoing efforts in the field of high-voltage second-life battery applications, developed in collaboration with Vision Mechatronics. The product features a locally developed Battery Management System (BMS) and aims to set a new standard for second-life EV battery usage. The project is showcased at The Battery Show, taking place from October 3-5, 2024, at India Expo Mart, Greater Noida.

    This project marks the third pilot under ‘Project Revive’ and focuses on promoting a circular economy by extending the life of EV batteries beyond their initial use. The UPS system will initially serve as a backup power solution for an industrial facility in Pune, demonstrating the potential of second-life EV batteries for energy storage applications.

    Vision Mechatronics has contributed to this initiative by developing an indigenous Battery Management System (BMS) for the project. This BMS is designed for industrial applications and includes advanced monitoring features to maintain battery performance and identify potential issues. The product adheres to safety standards to mitigate risks associated with battery usage.

    Commenting on the new project, Gaurav Gupta, Chief Growth Officer, JSW MG Motor India, said, “Our partnership with Vision Mechatronics is a testament of bringing circularity in the EV batteries, by providing it a second life for large-scale industrial application. The launch of this project, India’s first high-voltage second-life battery with an indigenous BMS, is indeed an innovation and makes us future ready. We are a responsible OEM with innovative values and this project highlights our continued work to drive momentum in building a sustainable EV ecosystem. This is our third project in the space of providing a second life to EV batteries. The successful initiatives under ‘Project Revive’ are paving the way for a greener and more sustainable future.”

    Dr. Rashi Gupta, Managing Director, Vision Mechatronics said, “Vision Mechatronics is proud to introduce ReLive, in partnership with JSW MG Motor India. Our partnership resonates shared values of minimizing carbon footprints by deploying innovative solutions. ReLive is India’s first high-voltage repurposed battery, equipped with an indigenous, homegrown active balancing BMS. This innovative solution adheres to the highest safety standards, making it a reliable and sustainable choice for industrial energy storage. By repurposing EV batteries, ReLive contributes to a circular economy and offers a cost-effective alternative to traditional energy storage options. We are excited to collaborate with industry partners to drive the adoption of this technology and contribute to a more sustainable future.”

    JSW MG Motor India has previously announced several initiatives related to EV battery recycling and sustainable mobility, including partnerships with organizations such as BATX and IIT Delhi, as well as collaborations with Lohum and TERI for pilot projects focused on energy solutions.

    Also read: Vidyut partners with JSW MG Motor India to launch a battery rental program for electric cars

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  • Mahindra Thar ROXX Takes India by Storm with 1,76,218 Bookings in Just 60 Minutes

    Mahindra & Mahindra Ltd. grabbed headlines with the launch of the Thar ROXX.

    It saw an incredible 176,218 bookings within just 60 minutes of its release at 11:00 AM.

    Enthusiastic customers can still book their Thar ROXX at authorised Mahindra dealerships and on the Mahindra website.

    Key Details:

    Price Range The Mahindra Thar ROXX is priced between **Rs 12.99 lakh** and **Rs 22.49 lakh** (ex-showroom).

    4X2 VariantsRs 12.99 lakh to Rs 20.49 lakh

    4X4 Variants: Rs 18.79 lakh to Rs 22.49 lakh

    Engine Options:

    The Thar ROXX offers two engine choices:

    2-litre Turbo-petrol Engine:

    162 PS/330 Nm with Manual Transmission (MT)

    177 PS/380 Nm with Automatic Transmission (AT)

    2.2-litre Diesel Engine:

    152 PS/330 Nm with MT

    175 PS/370 Nm with AT

    Performance:

    The 4X4 variant is exclusively powered by the 2.2-litre diesel engine, delivering an impressive 175 bhp and 370 Nm of peak torque.

    Exciting Features:

    The Mahindra Thar ROXX comes with premium features, including:

    A Dual 10.25-inch screens (driver’s display and touchscreen)

    Ventilated front seats

    A 9-speaker Harman Kardon sound system

    Panoramic sunroof

    ADAS Level 2 for enhanced safety

    360-degree camera for better visibility

    Deliveries of the Mahindra Thar ROXX will start from Dussehra.

  • Hyundai Motor India to launch Rs 25,000 crore IPO on October 14

    Hyundai Motor India Ltd., the Indian subsidiary of the South Korean automotive giant, is gearing up for a significant milestone. The company is set to launch its highly anticipated Rs 25,000 crore initial public offering (IPO) on October 14, as per sources familiar with the matter. This IPO is expected to be the largest in India since the Life Insurance Corporation’s (LIC) Rs 21,000 crore offering.

    The IPO will be entirely an offer-for-sale (OFS) by Hyundai Motor Company, the promoter. The company aims to raise $3 billion (approximately Rs 25,000 crore) through this stake sale. This development is particularly noteworthy as it marks the first initial share sale by an automaker in India since Maruti Suzuki’s listing in 2003.

    Hyundai Motor India has been a major player in the Indian automotive market, ranking as the second-largest carmaker in terms of passenger sales volumes in FY24, trailing only Maruti Suzuki. The listing is expected to enhance Hyundai’s visibility and brand image in India, while also providing liquidity and a public market for its equity shares.

    The IPO will be managed by a consortium of leading financial institutions, including Citi, HSBC Securities, JP Morgan, Kotak Mahindra Capital, and Morgan Stanley. Legal advisories for the transaction will be provided by Shardul Amarchand Mangaldas for the company, Cyril Amarchand Mangaldas for the banks, and Latham and Watkins for international counsel. KFin Technologies will serve as the registrar for the issue.

    This IPO is part of a series of major public offerings expected to hit the Indian market before the end of 2024, including those from companies like Swiggy and NTPC Green. The launch of Hyundai Motor India’s IPO signifies a significant moment for the Indian automotive and financial sectors.

    Disclaimer: This news story is provided for informational purposes only and should not be considered as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.