The company is also planning to roll out three more products during the next financial year.
Bike maker Hero Electric has decided to foray into overseas market starting with exports of e-bikes to SAARC countries this year and also plans to set up a new greenfield assembly unit.
Brijmohan Lall Munjal was a perfectionist, who empathised with people who worked for him.
'Son believes India has a significant opportunity in chip design, especially in creating IP that will be uniquely Indian.'
'It is going to be extremely rapid and anybody who is not there, be it investor, manufacturer, supplier, will miss out.'
The electric scooter juggernaut which has been picking up momentum with heady growth month-on-month is now slowing down. The combined number of registrations in April of eight electric two wheeler companies has seen a dip of over 1 per cent to 43,061 vehicles, according to data from the Ministry of Road Transport & Highways' site VAHAN. The reasons are the continuing shortage of chips, especially after the Ukraine-Russia war, and the spate of fires which have led to scooters being recalled by manufacturers.
With a million-odd electric vehicles (EVs) - two-wheelers, e-rickshaws, buses and passenger cars - expected to hit the road this calendar year, the shift from gasoline-powered vehicles has become irreversible. Now the question is whether the supply chain is ready for this shift. Key components - the high-powered lithium-ion battery and the cells which go with it, the electric motor, and the electronics powered by chips - account for nearly 60 per cent of the cost of an EV.
EV players suggest a reduction in the goods and services tax on batteries from 18 to 5 per cent as it would help push demand.
An EV has to be purchased along with the battery as there are hardly any battery swapping, rental, or leasing business models available across India.
As a tech services company, Ola has never been in hardcore manufacturing. And unlike in ride hailing, which is a two-player market (Uber is the only other competitor), in two-wheelers it faces many entrenched players. But most of all, rivals say Ola's targets are out of sync with most, even ambitious, projections.
New electric and hybrid vehicles on display as manufacturers plug into environment-friendly segment.
Media tycoon Kalanithi Maran and his wife Kavery Kalanithi have retained the top two slots among the highly paid executives in the country.
The company will utilise this time to carry out maintenance work at its manufacturing plants.
Increasing the duties on auto parts and putting an additional cess on petrol and diesel could drive up costs of vehicles, specially where volumes are low and localisation is not viable.
Despite Covid downturn, CEO salaries went up by an average of 19% in FY21.
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
Samvat 2070 was a great year for top Indian conglomerates in the stock markets.
As many as 14 Indian families have made it to the inaugural list of Forbes' 50 richest families in Asia.
'Some of the good wrestlers are making really good money.' 'If you look at their lifestyles, they are no less compared to our cricketers.'
'It's not only holy reverence that drives them to such vigilantism -- there is adventure too.' 'Some of the younger gau rakshaks enjoy the thrill of the chase: Stopping vehicles, wielding weapons, badgering passengers and then gloating.'
A majority of India's billionaires gained wealth in the last one year in spite of the stock market decline.
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