HMSI, the country’s second largest two-wheeler maker, declined to specify details of the product planned for the Indian market. People in the know of its plans said the company is in the process of testing electric scooter BENLY e, developed by Japanese parent Honda Motor, at the Automotive Research Association of India.
TVS SCS, a leading provider of Integrated Supply Chain Solutions which includes Global Forwarding and Last Mile, will use the fund to grow its business, further strengthen its technology capability and for other transformational initiatives, a company release here said.
According to the Federation of Automobile Dealers Associations , PV sales were at 200,576 units in September 2020. Experts point out that festival stocking is likely to be affected by chip shortage.
The company's managing director Arvind Balaji said that it will add ‘close to 20%’ additional capacity in both auto and non-auto businesses and the new capacities will come on stream next year.
India’s shift to electric vehicles has been hampered by high prices and a lack of charging infrastructure. Whereas China accounts for 97% of the world’s e-scooter fleet, they make up less than 1% of total sales in India, according to BloombergNEF.
The proportion of exports in overall two-wheeler and three-wheeler production reached record levels at 33% and 85%, respectively, between April and June 2021, show data available with Society of Indian Automobile Manufacturers (SIAM).
The company reported consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) of Rs 9 crore and loss after tax and share of associate at Rs 10 crore in Q1 FY22 due to Covid-19 resurgence impacting operations and sales.
FADA has found that at the overall industry level, viability Is the biggest concern of auto dealers across all segments of the Industry. Dealers attach a high importance of 27% on business viability, where OEMs need to exhibit greater sensitivity, particularly since the current satisfaction level on this factor is weak.
According to the Society of Manufacturers of Electric Vehicles, the e-two wheeler category which sold 1,43,000 units in FY20-21, sold a mere 25,000 units in Q1 of this fiscal due to the Covid induced second wave lockdown. But in the nearly five weeks since the new subsidies made mid-range and premium e-two wheelers like the Hero Optima, Okinawa Praise Pro and Ather 450X and the Ampere Magnus and Zeal cheaper by Rs 18,000-Rs 20,000, the creamy layer of the market has seen a boom.
The company has developed two versions of BS-VI Fi platforms: namely, RT-Fi (Race Tuned Fuel injection) and ET-Fi (Ecothrust Fuel injection).
The TVS iQube Electric is a green and fun-to-ride urban scooter. It is powered by a next-gen TVS SmartXonnect platform with an advanced electric drivetrain.
"Having successfully worked together for over five decades, ZF will continue its technology license and supply agreements with Brakes India," Brakes India said in a statement.
It may be noted that during May 2021 auto plants and dealers were forced to shut down due to the Covid-19 second wave in the country. This impacted the entire two-wheeler industry which has been on an overall month-on-month decline in the domestic sales volumes.
“Both factories will only start functioning fully from June 1 onwards,” said CITU state president A Soundararajan. When contacted, the Apollo Tyre spokesman said: “The Oragadam plant is operational with less than 50% workforce and following all safety protocols.” JK did not comment.
While strong quarterly growth in the last fiscal comes on the back of robust two-wheeler sales in the domestic and international markets, key factors such as good product mix, higher demand for premium scooters and bikes, improved export volumes and material cost reduction efforts contributed to improved operating margins.
Top companies have factories in the state, include Tata Motors, LG Electronics, Bajaj Auto, Mercedes-Benz, Mahindra & Mahindra, Whirlpool, Jeep, Volkswagen and Skoda, apart from a large number of component and ancillary suppliers across industry segments.
Venu Srinivasan, Chairman of TVS Motor Company, will become Chairman Emeritus effective January 2023, and Sir Ralf will succeed him as Chairman, the company said in a statement.
The Single-Channel ABS variant of the motorcycle will offer three ride modes, adjustable suspension and adjustable levers. The motorcycle is also available in Dual-Channel ABS variant with the same set of features and ride modes.
The company has also sold its entire stake aggregating 100% of Optionally Convertible Redeemable Preference Shares in Auto Digitech Private Limited (ADPL), a wholly-owned subsidiary of MFCS, for a consideration of Rs 13.5 crore to TVS Automobile Solutions.
This challenge in the supply chain can be mitigated with effective technology-based planning, according to a recent EY India report titled ‘Semiconductor supplies hitting vehicle sales: How Supply Chain challenges can be effectively managed through Digital Technology & Solutions for planning’.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Thirumalaikumarabalaji Priyamvada | Unlock to View | Unlock to View | Director | 28 Mar,2015 |
| Mahalingam Seturaman | Unlock to View | Unlock to View | Director | 25 Jun,2014 |
| Ranganathan Vijayaraghavan | Unlock to View | Unlock to View | Director | 30 Mar,2012 |
| Kalathur Seshadri | Unlock to View | Unlock to View | Director | 20 Jul,2009 |
| Arvind Balaji | Unlock to View | Unlock to View | Managing Director | 13 Dec,2007 |
| Gopal Srinivasan | Unlock to View | Unlock to View | Director | 28 Mar,1996 |
| Venu Srinivasan | Unlock to View | Unlock to View | Director | 16 Apr,1991 |
| Tirumala Kumara Balaji | Unlock to View | Unlock to View | Managing Director | 24 Aug,1979 |
A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-
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