Driving EV business with agility and flexibility
CEOs from the EV startup ecosystem met in Bengaluru and Pune to discuss the challenges and business opportunities for the Inner Circle Series, organised by Autocar Professional and AutoDesk. Tap for more. tinyurl.com/4p459dx2

INTERVIEW: Electric motorcycle maker Tork Motors sold 1,589 units in CY2023 & 2,157 units in FY2024. Founder & CEO Kapil Shelke reveals the future growth roadmap, targeting of 12,000+ annual sales, new EVs on the Kratos platform, network expansion and more rb.gy/uooj1u

Specialty chemicals company Lanxess and battery materials manufacturer IBU-tec to develop innovative iron oxides for production of cathode material for LFP batteries for EVs; aim to optimise energy density, charging speed & number of charging cycles rb.gy/uhx89h

Maruti Suzuki is India's No. 1 car & SUV exporter for third fiscal in a row
- Hyundai India stays No. 2
- VW, Honda and Toyota shine with much-improved overseas shipments & move up the export ladder board
- Export numbers decline for Kia, Nissan & Renault
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VIDEO: The compact SUV market has expanded with the new Toyota Taisor. Toyota India's Sabari Manohar details what differentiates the Taisor from the Maruti Fronx & how the focus on style, performance, & aftersales experience will help the Taisor stand out rb.gy/2e1d0e

Tata Punch sells over 350,000 units in 30 months since launch. Sold with petrol, CNG & electric powertrains, it continues to punch above its weight in an intensely­­ competitive market and is Tata Motors’ & India 's 2nd best-selling SUV after the Nexon rb.gy/ptuucl

Launched last September, the Honda Elevate midsize SUV has sold 33,642 units in India in FY24; 10,273 units exported to Japan, rebadged as WR-V. Having brought the company ‘back in the game’, the Elevate is already Honda's 2nd best-selling product in India rb.gy/wzq1c4

Montra Electric, the Murugappa Group's EV business division, hosts meet for e-3-wheeler drivers in Kanpur to foster understanding and share knowledge of EVs with owners of its Super Auto e3W. Plans to extend this initiative to other cities across India rb.gy/yht0gf

Sany India launches the zero-emission SKT105E, a locally manufactured fully electric open cast mining truck with a payload capacity of 70 tonnes rb.gy/fni5z1

Electric 3W sales surge 57% to 632,500 units in FY24
- Every second 3W sold is now an EV
- Mahindra Last Mile Mobility tops with 60,542 units
- Bajaj Auto (10,886 EVs & a 2% share in just 10 months) No. 2 in March. Should the top e3W OEMs be worried? rb.gy/r39dso

Tata Nexon is India’s No.1 SUV for 3rd year in a row
- Tata Punch takes No. 2 spot: beats Maruti Brezza
- Revealed: India’s Top 20 utility vehicles in FY24
- Compact SUVs rule, demand grows for midsizers
- UVs grab 60% share of passenger vehicle market rb.gy/vfxp98

Best-ever scooter (1.45 million) & bike (1.22 million) sales power TVS Motor Company to a new high in FY24: 3.15 million units. Scooter share of TVS’ 2W sales jumps from 32% in FY15 to 46% in FY24, bike share from 32% to 39%, mopeds down from 36% to 15% rb.gy/e5h8bv

TVS iQube surpasses 300,000 sales, Bajaj Chetak tops 160,000 units since launch – legacy Indian 2W OEMs TVS Motor Co and Bajaj Auto notch new EV milestones, both recording best-ever 12-month sales in FY2024 rb.gy/cdnm8s

Agricultural and construction solutions provider CNH introduces cutting-edge Multi-Vehicle Simulator at its India Technology Center in Gurugram, Haryana rb.gy/pnxy1m

India auto sales in FY2024 rise 12% to 23.85 million vehicles
– SUVs power PV sales to best-ever 4.21 million units
- 3Ws (691,749) & CVs (967,878) near record FY19 sales
- 2Ws: 18 million units (up 13%) but still 3 million units away from FY2019's 21.1m
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'We built a profitable model without subsidy on battery or scooter': Amit Gupta, co-founder & CEO of Yulu, India's largest shared EV mobility tech company rb.gy/9bnsm9

BREAKING: India Auto Inc on a roll in FY2024: up 12% at 23.8 million units
- 4.21 million PVs sold, up 8%
- 2.52m UVs (up 26%), UV share of PVs jumps to 60% from 51%
- 2W sales rise to 17.97 million, up 13%
- 3W demand soars 41% to 691,749 units
- CVs sales flat at 967878 units

1 in 3 Mercedes sold in India is over Rs 1 crore, Co. eyes strong growth in top end vehicles in 2024. tinyurl.com/awa8shyw

TVS Supply Chain Solutions achieves milestone of shipping 500,000 two-wheeler CKD kits for TVS Motor Co from its state-of-the-art warehouse in Hosur, Tamil Nadu rb.gy/gnmwst

Volvo Group to build a new heavy-duty truck plant in Mexico; it will provide additional production capacity to support the growth plans of both Volvo Trucks & Mack Trucks in the US & Canada, and also Mack truck sales in Mexico & Latin America rb.gy/4zgf7m

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