misraisha9's blog

SUN Mobility which is a 50:50 joint venture between Virya Mobility 5.0 and SUN New Energy Systems specializing in electric mobility, has planned to invest Rs 16.7 billion in setting up EV charging infrastructure in Andhra Pradesh.

The Maruti Suzuki’s premium automotive showrooms, Nexa, which currently sell compact car Ignis, premium hatchback Baleno, midsize sedan Ciaz and cross-over utility vehicle S-Cross Pan-India has nearly doubled its sales volumes to 19.9% in Apr-Jan FY18 as compared to 10.9% in FY17. This is a tremendous growth story within less 3 years of the Nexa showrooms launch in India.

Mahindra & Mahindra has announced yesterday that the company will be pouring in fresh investment of Rs 900 Cr in the Electric Vehicles over a period of next 4 years; Rs 400 Cr out of this amount will be invested in Karnataka state and the rest Rs 500 Cr will be invested in the state of Maharashtra.

The Union Budget 2018 presented by the Finance Minister, Shree Arun Jaitley, gave a major jolt to the Luxury car and bike manufacturers. The Luxury car prices of automakers like BMW, Mercedes Benz, Audi, etc. are set to go up by at least Rs 1.25 lakh to Rs 5 lakh whereas the luxury bike prices of manufacturers like Harley Davidson, Triumph, etc. are set to go up by somewhere Rs 15,000 to Rs 50,000.

Tata Motors is working closely with the Government of India in order to be at the helm of the EV revolution which is on its way soon. Thus, to reiterate Government’s goal of complete electrification by 2030, the company has already rolled out its first batch of the Tigor EV.

Hyundai Motors India (HMIL), India’s second largest carmaker has opened its 5^th Quality & Training Center globally in India. This center has been opened to serve the Indian market on basis of quality and skills training.

Reliance Energy has plans to set up EV charging infrastructure in Mumbai, Maharashtra across its distribution area. The company was recently sold to Adani Transmission resulting in M&A of value Rs 18,800 Cr. This was done in order to ease out the debt burden on Reliance Energy.