Mercury Ev-Tech Expands Network with 100 New Dealers and Secures GEDA Subsidy Clearance
Mercury Ev-Tech Ltd has announced a significant distribution milestone by appointing 100 new dealers across India over the last four months. Additionally, the company secured clearance from the Gujarat Energy Development Agency (GEDA), making its electric two-wheelers and three-wheelers eligible for state-level subsidies.
TVS Motor Unveils RTX 300 Adventure Motorcycle for Europe; Prices Start at 4,890 Euros
TVS Motor Company has unveiled the RTX 300, a premium adventure motorcycle specifically engineered for the European A2 license category. The launch marks a strategic expansion into the mid-capacity trail segment, featuring advanced electronics and a new engine platform.
Ola Electric Board Approves ₹1,500 Crore Fund Raise and Capital Base Expansion
Ola Electric Mobility Ltd has approved an enabling resolution to raise up to ₹1,500 crore through the issuance of equity shares or convertible securities. The board also approved an increase in authorized share capital and confirmed several key leadership changes and the upcoming annual general meeting schedule.
Maruti Suzuki Eeco Hits 15 Lakh Sales Milestone; Launches Special Eeco Star Edition
Maruti Suzuki India Limited has achieved a cumulative sales milestone of 1.5 million units for its Eeco van since its 2010 debut. To celebrate this achievement, the company has introduced the Eeco Star Edition, featuring 18 exclusive interior and exterior enhancements to maintain its leadership in India's van segment.
TVS Motor Launches iQube MillionR Special Edition at ₹1.40 Lakh to Mark Sales Milestone
TVS Motor Company has introduced the TVS iQube MillionR special edition to celebrate surpassing the one-million-customer milestone for its flagship electric scooter. The new variant features exclusive aesthetic enhancements and functional upgrades including expanded storage and Type-C charging.
Tata Motors Limited Reports Structural EBITDA Growth to 13.2 Percent in FY26 Standalone
Tata Motors Limited successfully pivoted to a pure-play commercial vehicle entity, delivering a significant structural expansion in EBITDA margins to 13.2 percent. While the company achieved record realizations and secured major international orders, management remains cautious regarding severe commodity inflation and geopolitical risks in FY27.
Ather Energy to Raise ₹1,200 Crore via Preferential Issue to Hero MotoCorp and Promoters
Ather Energy's board has approved a capital infusion of ₹1,200 Crore through a preferential issue of equity shares and convertible warrants. The funding round includes participation from Hero MotoCorp, the India-Japan Fund, and the company's founding promoters.
Hero MotoCorp Launches VIDA EVOOTER VX2 Plus 4.4 kWh With 187 KM Range
Hero MotoCorp has expanded its electric vehicle portfolio with the introduction of the VIDA EVOOTER VX2 Plus 4.4 kWh variant. This long-range model aims to address consumer range anxiety while reinforcing the company's vision through competitive pricing and enhanced charging infrastructure.
TVS Motor Launches New NTORQ 125 Lineup Starting At ₹82,500 Ahead Of Festive Season
TVS Motor Company has introduced updated variants of the TVS NTORQ 125 Disc and Race Edition, featuring new color palettes and style enhancements. The launch aims to capitalize on the upcoming festive season and solidify the company’s leadership in the performance scooter category.