- Two-wheeler maker Ather Energy has received $12 million
funding from venture capital firm Tiger Global. The firm will spend it on
development, testing, production and the launch of the electric bikes that are
expected to be out early next year.“We want to offer the Indian consumer a
completely new driving experience by developing a product that would be at par
with any petrol or electric two-wheelers available in the market today. This
investment will help us continue to evolve our product and scale it towards
launch,” said Tarun Mehta,
chief executive, who co-founded the company along with Swapnil Jain at
the IIT Madras Research Park.(Livemint)
- Eric Buell Racing’s (EBR) sudden bankruptcy announcement in
the U.S. has altered Hero MotoCorp’s original plan of foraying into the
quarter-litre motorcycle category. The largest two-wheeler manufacturer in the
world by volume had plans of stepping into the midsized motorcycle category
with its four-stroke, liquid-cooled, single-cylinder, 249cc, fully-faired
HX250R model by Q2-Q3 FY2015-16. However, according to sources aware of the
development of Hero’s 250cc sportsbike, which is in its advanced stages of
completion, the project launch is now expected to be delayed. - See more at: http://www.autocarpro.in/news-national/ebr-bankruptcy-delays-hero-motocorp-hx250r-launch-8502#sthash.iVoYsM8u.dpuf
- German auto major Volkswagen is working on plans to roll out
an 'India-specific' Sedan next year, a top official of the company said today.
"It will be a compact Sedan and compatible with Indian conditions. The
rollout will be most likely during next year," Volkswagen Managing
Director Thierry Lespiaucq told reporters here.He declined to divulge price
details, but said it won't be below Rs 5 lakh. Lespiaucq, who was here to
inaugurate a new car dealership and hand over the 3,00,000th car in India, said
the company has lined up a series of exciting new launches for the next 24
months as "they are optimistic about continuing with their growth momentum
in the Indian market".(cartrade.com)
- The government today approved Rs 4,318.28 crore for
constructing roads and basic amenities at two industrial regions in Gujarat and
Maharashtra under the Delhi-Mumbai Industrial Corridor (DMIC) project.The
Cabinet Committee, chaired by Narendra Modi, has approved the construction of
trunk infrastructure components of Phase-1 of the Dholera Special Investment
Region (DSIR) in Gujarat and Phase-1 of the Shendra Bidkin Industrial Area
(SBIA) in Maharashtra under the DMIC Project.(ETauto.com)
- German luxury carmaker BMW today launched an updated version
of its ‘6 Series Gran Coupe’, priced up to Rs 1.21 crore (ex showroom Delhi).The
model will come in two variants– the BMW 640d Eminence priced at Rs 1.14 crore
and the 640d Design Pure Experience version tagged at Rs 1.21 crore.The company
introduced the new car at the preview of the BMW India Bridal Fashion Week 2015
to be held in the Capital from July 15-19.(financial express)
- Rumours regarding the discontinuation of the Honda Unicorn
had been circulating ever since the firm introduced CB Unicorn 160 in the
Indian market. However, the bike manufacturer did not commit to this or
confirm. According to latest reports, the Japanese firm has taken the bike off
the website of its Indian subsidiary, indicating the long-due discontinuation
of Unicorn. This decision marks one of the best runs of any motorcycle in the
Indian market and Unicorn has performed exceptionally well.The Unicorn model
gave Honda the impetus to go ahead and become a popular bike in the Indian
market by making a mark in the 150 cc segment. Launched in the year 2005, this
model has registered excellent sales figures consistently over the years and
has developed quite a fan following in India.(cartrade.com)
- Mahindra will be finally launching its new bike, the Mojo,
in June 2015. "We will be launching the Mojo bike, in the first half of
FY16," stated Dr Pawan Goenka, Executive Director, Mahindra &
Mahindra. The Mojo is a 300cc new bike that Mahindra will be looking at for
entering the performance segment.Mahindra Mojo will have a 296cc
single-cylinder liquid cooled engine that will churn out 27bhp of power and
25Nm of peak torque. The Mojo will come mated to a six-speed transmission. It
is likely to have daytime-running LED lamps, a new fuel tank, upside down
forks, twin mufflers, Pirelli Sport Demon tyres, Y-spoke black alloy wheels and
LED tail lamps.(Etauto.com)
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