Force Motors, known for its shared mobility solutions, is gearing up to expand its presence in global markets and defence segment having consolidated its position in India by narrowing down on focus areas for profitable growth, according to managing director Prasan Firodia.
JV to export e-carts, aim for 10% global market share, $1 bn turnover and innovation in driverless tech.
Indian auto component exporters may suffer a hit of 2,700 crore to 4,500 crore on their earnings after the imposition of steep US tariffs on key automotive parts, credit rating agency ICRA said in a note on Monday. The new 25 per cent tariff on engines, transmission, electrical components, and other auto parts may moderate the overall auto component industry's revenue growth to 6-8 per cent in 2025-26 (FY26), down from an earlier projection of 8-10 per cent.
Firodia talked about his plans for the EV-components business, and the components business at large for the group
On name change, Bajaj Tempo CMD Abhay Firodia said, "As per the directive received from the regional director, western region, ministry of company affairs, the company has proposed to change its name to Force Motors Ltd."
Players like Ola Electric, Ather Energy, Kinetic Green and BGauss are introducing premium services and infrastructure enhancements.
Kinetic on Wednesday relaunched the iconic two-wheeler Luna in an electric avatar, addressing the demand for affordable electric vehicles (EVs), more than two decades after its initial introduction. e-Luna will be available at an introductory ex-showroom price of Rs 69,990, as announced by Sulajja Firodia Motwani, founder and chief executive officer of Kinetic Green, after Union Road Minister Nitin Gadkari launched the vehicle. Motwani pointed out that the current top 10 electric two-wheelers in the country are priced between Rs 1.05 lakh and Rs 1.49 lakh, making them a "luxury" that is not "practical and accessible" for most people in India.
Kinetic Engineering (KEL), the makers of the iconic Luna two-wheelers in the seventies, will soon start producing components for an electric version of the moped. Pune-based Kinetic said in September that Luna would make a comeback in an electric avatar. The electric Luna, or E-Luna, will be launched by KEL's sister company Kinetic Green Energy and Power Solutions.
Force Motors marked its entrance into the Passenger Vehicle segment by introducing Force One SUV in August this year.
The Gurkha 2021 is built on a ground-up modular architecture platform with an all-new wider and longer body, full new interiors, a new crash-compliant, high-strength chassis, new coil spring suspension on all four wheels fine-tuned to achieve the right balance and offer the best in class ride quality on multiple surfaces -- tarmac, rough rural roads and off the road, the Pune-based company said.
The holy grail of all motorcycles, the M V Agusta Turismo Veloce 800, finds its way to India.
The still-unnamed sports utility vehicle (SUV), slated for launch this June, will be in line with its heritage, says Force Motors managing director Prasan Firodia.
India has seen multiple instances of termination of agreements in joint venture contracts, most of which were formed in the early 1980's.
Rediff reader Vijai Kumar Sharma, 79 from Jaipur tells us about his first salary.
The increase in PV sales in September was driven by festive season purchases, with SUV models like Maruti Suzuki's Brezza, Hyundai Creta, Mahindra Scorpio, Ford Ecosport and Honda W-RV witnessing good traction
The Symbiosis Institute of Management Studies, Pune, invites industry delegates and management students to attend its annual business seminar 4Thought--Khsitij ke Par.
Kinetic Motor Company on Tuesday launched a low-priced scooterette Zing 80 to boost sales in the segment.
Kinetic Motor Company, the Pune-based scooter-maker, which sold its business assets to Mahindra and Mahindra for Rs 110 crore (Rs 1.1 billion) on Wednesday, is now considering to get into the auto components business.
Two-wheeler manufacturer Kinetic group has been mandated as a vendor for gear boxes for the Rs 1-lakh car by Tata Motors.
Two thousand seven will be a busy year for two-wheeler manufacturer Kinetic Motor Company Limited.
In its bid to optimally align the company with the demands of emerging global business opportunities, Force Motors Ltd, formerly known as Bajaj Tempo Ltd, is considering to decentralise its operations and outsource businesses.
Kinetic Engineering on Tuesday launched India's most expensive motorcycle -- Comet 250 -- priced at a whopping Rs 167,000.
Kinetic Motor has entered into an alliance with Italian two wheeler maker Leopoldo Tartarini, founder of Italjet, for manufacturing and distribution rights for seven best selling international brands from Italjet's range of scooters.
Bajaj Auto chairman Rahul Bajaj on Tuesday said his company could consider selling its holding in the Firodias-controlled Bajaj Tempo, now rechristened Force Motors.
Kinetic Motor Company, the country's pioneer in modern gearless scooters, proposes to bring out seven new models of two-wheelers in a tie-up with Italian scooter manufacturer Italjet.
Kinetic Motor Co on Tuesday said it would start exporting four-stroke 115cc scooter Nova to Europe by the end of March.
Kinetic Engineering on Wednesday said it has scaled up sales target of motorcycles to 150,000 units following good response for its 115cc motorcycle Velocity.
Armed with a new corporate logo, Kinetic Motor Company on Tuesday said it expected to turn around this year, while the sister concern Kinetic Engineering is expected to do the same next year.
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