HMSI is in the process of investing Rs 630 crore to add an additional production line with annual capacity of 600,000 units in Vithalapur, Gujarat.
The company also launched three products in premium maxi scooter segment for the Indian market including its electric two-wheeler offering – the iFlow priced at Rs 90,000.
Top automakers such as Hyundai, Mahindra, Skoda and Fiat have introduced personal lease programmes .
Munjal urged the government to adopt a more “cautious, clear and realistic roadmap” towards the adoption of EVs.
Weak demand due to elections weighs as sales fall 20.6% in May; Siam urges govt to take steps to revive growth
Monsoon to decide sales, which should hopefully pick up from Aug-Sept onwards, says N Raja, deputy managing director (sales and marketing), TKM.
The Glanza comes strapped with BS VI-compliant petrol engines and advanced li-ion battery with ISG.
Mahindra sold 19,524 utility vehicles last month, compared with 19,152 by the local unit of Maruti.
Sales of passenger vehicles in the month under review dipped 25% to 121018 units.
Ather Energy had previously raised $63 million over four rounds from Flipkart cofounders Sachin Bansal and Binny Bansal and Hero MotoCorp among others.
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