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According to the latest Frost & Sullivan report, Kia cars are leading the pack with the lowest cost of maintenance in the segment. Not only that, but with the implementation of the new SI 2.0 showrooms, our standard of service is now comparable to any luxury cars out there. #kia #LowMaintenance #PremiumService #Reliability #Value #AutomotiveExcellence #kiaindia

Kia Models Recognized for Lowest Maintenance Costs by Frost & Sullivan In its latest Total Cost of Ownership Benchmark analysis, Frost & Sullivan, India’s premier Growth Advisory Company, has revealed that Kia’s popular models – Seltos and Carens – boast the lowest maintenance expenses in both diesel and petrol variants within their respective segments. The study highlights the Kia Carens as a frontrunner in the family mover segment, with the most economical maintenance costs for both petrol and diesel variants, offering savings of 21% and 26%, respectively, over competitors. Particularly notable are the diesel models, which feature the lowest acquisition cost, making them a highly attractive option for discerning customers. Furthermore, […] - https://lnkd.in/dfmmbz7F #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #carens #frost&sullivan #india #kia #kiaseltos

Drivers prefer manufacturers that support EV sales A majority of drivers in the UK, France, India and Indonesia want their car brand to support policies to increase EV sales and phase out ICE, according to a new poll. The study, conducted by Dynata surveyed a representative sample of 1,000 drivers in six countries – USA, UK, France, India, Indonesia, Japan – to get fresh insights on their attitudes towards automakers’ role in the Electric Vehicles (EV) transition. It found that the majority of drivers want OEMs to support policies to increase EV sales in the UK (58%), France (51%), India (86%) and Indonesia (83%). Read the full story on the Transport + Energy website: https://lnkd.in/eihEUsDe Dynata , New AutoMotive , Ben Nelmes Society of Motor Manufacturers and Traders (SMMT) , Mike Hawes , Sukky Choongh (she/her) , Emma Butcher EVA England , Gill Nowell FairCharge , Quentin Willson Auto Trader UK , Ian Plummer REA , Matthew Adams , Mark Constable ChargeUK , Vicky Read , Chris Pateman-Jones Women Drive Electric , Michelle Breffitt , ⚡️George Thurman 🔋 The AA , Edmund V King OBE BVRLA , Toby Poston RAC , Simon Williams JLR , Murray Paul #transport #energy #electricvehicles #manufacturers

- The percentage of EV penetration in the 2W category saw a slight increase from 5.6% in January 2024 to 5.7% in February 2024. - Key players for the month included Ola Electric, TVS Motor Company & Bajaj Auto Ltd, while Okinawa Autotech & Greaves Electric Mobility experienced significant Y-o-Y declines. Hero MotoCorp achieved massive 476% Y-o-Y growth - Tata Motors dominated the market with over 68% of the market share, with MG Motors and Mahindra Group following suit. - In terms of e-passenger 3Ws registered in Feb 2024, top 3 brands were Mahindra Group, Piaggio Vehicles Pvt. Ltd. & Bajaj Auto Ltd - For e3W goods sales in the same month, the leading companies were Mahindra Group, Piaggio Vehicles Pvt. Ltd. & Omega Seiki Mobility - In the e-rickshaw segment for February 2024, Yc Electric Vehicle, Saera Electric Auto Ltd. DILLI ELECTRIC AUTO PRIVATE LIMITED emerged as the top performers. - Similarly, in the e-cart category for the same period, YC Electric Vehicle and Dilli Electric secured the top positions. - In the electric bus segment for Feb 2024, Tata Motors led the way, followed by PMI Electro Mobility Solutions Private Limited & Olectra Greentech Limited Explore detailed report at- https://lnkd.in/gj6UeSqw #electricvehicles #evsales

Yesterday, Bajaj has launched the first-ever CNG-powered motorcycle 🏍️ ⛽️ at an entry price point of INR 95,000. I have tried looking at the registration numbers across the 🇮🇳 states, for both personal cars🚗 and two-wheelers 🏍️ 🛵 , and have tried to correlate the numbers to understand the potential of CNG as a fuel type for two wheelers. India is one of fastest growing car market and there has been a significant adoption of CNG as a fuel type ⛽️. As of June in the CY 2024, CNG accounts for 13% of all new personal car sales in India. However, this figure doesn't fully capture the fuel's potential. The top five car-selling states (UP, MH, GJ, KA & HR) contribute ~75% of total CNG sales. In these states, CNG comprises ~20% of overall personal car sales, compared to the national average of 13%. This high acceptance is primarily due to the well-developed CNG infrastructure in these regions, which boast over ~3,700 CNG refueling stations, accounting for more than 50% of India's total CNG stations. Will two-wheeler customers show similar acceptance? These same five states account for ~40% of total two-wheeler sales, with UP, MH & KA being among the top markets. However, several challenges could hinder the acceptance of CNG-powered motorcycles. These challenges include long queues at filling stations, engine performance issues compared to petrol engines, and inadequate infrastructure in rural regions where motorcycles are prevalent. Despite these challenges, the low running costs, existing CNG infrastructure in urban areas, and decent CNG car penetration in these key states could significantly benefit the adoption of CNG-powered motorcycles as a kick starter. Source: VAHAN, PPAC #AutomotiveIndustry #CNG #India #carsales #motorcycle #NumbersThatMatter

Read the full article: https://lnkd.in/gTUMS2-6 Commenting on the development and expressing his gratitude to the Government, K N Prasad, Managing Director, Toyota Kirloskar Auto Parts, said “Given the renewed capability of Indian auto industry and the strong continued Government support through schemes such as PLI, we have made visible progress in establishing India as a critical manufacturing hub of advance, clean and efficient vehicles aimed at attending competitive pricing in the future.” For rapid electrification, it is necessary to localize and manufacture EV parts in India at a global scale and quality. Hence, the mandatory local value addition criteria set by the Ministry of Heavy Industries, Government of India enables further competitiveness in the locally manufactured Advanced Automotive Technology products. Toyota Kirloskar Auto Parts #toyota #PLIScheme #automotivetechnology

Strong Demand Fuels 27% Growth In April Auto Sales: Report The Federation of Automobile Dealers Associations (FADA) has unveiled its latest Vehicle Retail Data for April 2024, showcasing a robust 27% year-on-year growth in the Indian auto retail sector. The data, released highlights notable expansions across various segments, including two-wheelers (2W), three-wheelers (3W), passenger vehicles (PV), tractors (Trac), and commercial vehicles (CV). FADA President, Mr. Manish Raj Singhania, commented on the sector’s performance, attributing the impressive growth to multiple factors. The 2W segment, for instance, witnessed significant expansion, buoyed by enhanced supply and rising demand for 125cc models. Similarly, the PV category experienced double-digit growth, supported by improved model availability […] - https://lnkd.in/dzMRSESR #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #electricvehicles #ev #evsales #fada #federationofautomobiledealersassociations #india #sales

Get insights into dynamics of the Indian auto components industry from ACMA leadership- Vinnie Mehta, Director General, Sunjay Kapur, Past President and Vivek Vikram Singh, Chair ACMA sub-pillar on EV & Telematics, as the industry navigates geopolitical challenges and continues to grow with technology disruptions. https://lnkd.in/gWzPabUa Vinnie Mehta Sona Comstar Vivek Vikram Singh Fortune Ministry Of Heavy Industries ETAuto Express Mobility Auto Components India ( ACI ) Magazine Autocar India Autocar Professional Motorindia Magazine Motoring Trends

The recent analysis from EV Reporter on India's electric vehicle (EV) sales trends for February 2024 sheds light on the evolving dynamics of the transportation sector. With a gentle rise in EV penetration in the 2W category and significant growth achievements across various segments, we are witnessing a pivotal moment in the shift towards sustainable mobility. The standout 476% year-on-year growth of Hero MotoCorp exemplifies the potential for innovation to reshape our travel habits. At the same time, Tata Motors' leadership in the electric bus domain, commanding a major market share, underscores the importance of vision and commitment to driving change. The advancements in the e3W and e-rickshaw segments, led by companies like Mahindra Group and Piaggio Group and new entrants such as Yc Electric Vehicle, highlight the diverse opportunities and the vibrant spirit of innovation that characterizes India's EV market. At Vitesco Technologies, these trends resonate with our mission to support and accelerate the transition to electric mobility. Our dedication to innovation and sustainability is stronger than ever, driven by the milestones and challenges outlined in the February 2024 report. The journey towards a more sustainable mobility ecosystem is complex, but the progress we are making is clear. Let's continue to embrace innovation, support sustainable solutions and move forward together towards a cleaner, greener future. #EVGrowth #SustainableMobility #ElectricVehicles #Innovation #VitescoTechnologies

Bajaj Auto Ltd. Q2FY25 Concall Key Growth Segments: - EVs (Electric Vehicles) accounted for 20% of domestic revenue; CNG and electric 2- and 3-wheelers comprised 44% of domestic sales. - Strategic focus on growth platforms like CNG 2-wheelers, Chetak platform, E-autos, and the Triumph platform. Export Market: - Strong performance in Latin America with a 20% growth. - Mixed recovery in Nigeria; motorcycle sales rebounded to 25,000 units in September. - New Brazil plant stabilizing, expected capacity of 35,000 units annually by FY26. Domestic Market: - 125cc+ motorcycle segment represents 55% of the market; Bajaj holds a 25% market share. - Strong customer response to CNG-powered Freedom 125, with production set to expand to 40,000 units per month in Q4. 3-Wheeler and Chetak EVs: - Record 140,000 units in the 3-wheeler segment; 35% market share in e-autos. - Chetak EV holds a solid market position, with anticipated gains from refreshed models and expanded distribution. Financials and Future Focus: - Cash generation exceeded INR 2,000 crores in Q2; total surplus now INR 16,400 crores. - Exceptional deferred tax provision of INR 211 crores due to a Finance Act amendment, impacting reported PAT. - Continued investments in electric and green technology across products and infrastructure. PMAG Half-Year Results Impact: - PMAG reported a EUR 172 million loss in H1 2024 due to economic challenges, particularly in the U.S. - Bajaj Auto’s consolidated financials reflected a EUR 60 million loss from PMAG's performance, impacting quarterly results. Subsidiaries Performance: - BACL now covering around 50% of the network with assets over INR 4,000 crores, targeting national expansion by Q4. - Brazilian subsidiary assembly plant operational, nearing capacity of 20,000 units annually; board approved a $10 million capital infusion for further expansion. Product Insights and Q&A Highlights: - Freedom 125: Growing demand; short refuel times due to strong CNG network partnerships. - Electric 3-wheelers available in 700 stores, covering approximately 95% of the market. - Spare parts revenue at INR 1,500 crores for the quarter. - Electric portfolio is EBITDA flat, offsetting other production costs. Market Performance: - Motorcycle industry festive sales slightly below expectations; overall growth anticipated at 3%-5%. - Chetak scooter volumes increased; cost improvements expected with new variants. The company aims for leadership in electric scooters and autos. Customer Profile for Freedom CNG: - Wide spectrum of customers; largest cohort from 125cc segment (15-20%). - Customers also from 150cc, scooters, and lower CC motorcycles. PLI Impact on Financials: - Previous estimate of 50 basis points benefit may be higher due to increased share of EVs and more products qualified in Q2. Chetak Network Expansion: - Approximately 250 exclusive Chetak stores and 3,000 shared stores. - Targeting 4,000 stores for Chetak in the next few months