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Buy Now Pay Later: Maruti Suzuki makes car buying easier for customers
With the aim to make new car purchase easy and affordable, Maruti Suzuki India Limited today announced a partnership with Cholamandalam Investment & Finance Company Limited (CIFCL), one of the leading Non-Banking Financial Companies. The objective of this partnership is to provide customised auto retail financing solutions to retail buyers. The new solution ‘Buy Now Pay Later Offer’’ is aimed to provide customers with easy financing options. A two-month def...
Ola is racing ahead to build the world’s largest two-wheeler factory
India-headquartered Ola, one of the world’s leading mobility companies, has commenced construction of the world’s largest two-wheeler mega-factory on its 500-acre site. The company announced a Rs 2400 crore MoU with the Tamil Nadu government in December 2020 and rapidly completed land acquisition in January this year. The company is racing ahead to operationalise its factory in the next few months. An estimated more than 10 million man-hours have been planned to bring the...
Ola Electric ropes in auto veteran Yongsung Kim to head Global Sales & Distribution
Ola Electric today announced the appointment of Yongsung Kim as Head of Global Sales & Distribution, overseeing India and international markets. A 35-year veteran with Hyundai Motor and Kia, Yongsung brings global automotive sales experience from around the world, including North America, Europe, UK, Middle East, Africa, ASEAN, Asia Pacific and of course India where he spent several years, first with Hyundai Motor and then with Kia, to build their market-leading presence in India. Y...
Ola's Hypercharger Network unveiled
Ola Electric today revealed its plans for providing charging solutions to all its electric two wheeler customers and unveiled the Ola Hypercharger Network, the charging network for its upcoming two wheeler products starting with the Ola Scooter to be launched in the coming months. Ola will offer the most comprehensive set of charging options to its electric vehicle customers through a combination of widely deployed high-speed Ola Hyperchargers and the home-charger that will come bund...
Stellantis announces key leadership appointments for India & Asia Pacific Region
Stellantis India & Asia Pacific has today announced key leadership appointments for its operations both within in India and the region. Mr. Roland Bouchara, has been appointed to the role of CEO & Managing Director for Stellantis in India with full responsibility for the Jeep and Citroën national sales companies (NSCs), coupled with the Group’s manufacturing operations. Since 2017, Roland has successfully led the Citroën India operations in his capacity as Senior...
Ola Electric appoints Wayne Burgess as Head of Vehicle Design
Ola Electric today announced the appointment of Wayne Burgess, as Head of Vehicle Design for its entire product range including scooters, bikes, cars and more. Wayne brings a wealth of international automotive design experience, having worked on some of the most legendary and iconic cars in automotive history including the Bentley Arnage in 1998, Aston Martin’s DB9 in the mid 2000s and more recently, the Jaguar XF, F-Type, F-Pace SUV, XE as well as many others. Commenting on the a...
Ola, one of the world’s leading mobility companies, today announced that it is launching a new electric vehicle category on its ride hailing platform, which will allow riders to specifically book rides in a fully electric vehicle. The category, called Ola EV, is a global first for Ola and will be available across London from today and over time will roll out to other cities around the world where Ola is operational. The Ola EV category will cost riders the same as a comfort category on ...
Ola Scooter goes on a ride; Launch Imminent
In the run up to an imminent launch, the Ola Scooter went on a ride on a recent Sunday morning in Bangalore. Ola Chairman and Group CEO Bhavish Aggarwal took the scooter out for a spin and rode by some of the most iconic spots of the city. The Ola Scooter is a leap-frog product, packed with several industry leading innovations including the motor, the battery, the vehicle computer, and several other advanced features through innovative software – all designed by Ola. “...
Ola Electric raises US$100 million long term debt
Ola Electric and Bank of Baroda today have signed the largest long-term debt financing agreement in Indian EV industry. This 10-year debt of US$100 million is towards the funding and financial closure of the Phase 1 of the Ola Futurefactory, Ola’s global manufacturing hub for its electric two-wheelers. Ola had earlier announced last December that it will be investing Rs 2,400 crore for setting up the Phase 1 of the factory. “Today’s agreement f...
Ola Scooter gets 100,000 reservations in a day
Bhavish Aggarwal, CEO, OLA Electric tweeted saying, that they had clocked 100,000 bookings for the revolutionary Ola Electric scooter on Day One of opening reservations. "That's 99,999 other people like you who aren't just thinking about sustainability but doing something about it too. Thank you fellow revolutionary. It only gets better from here."
Consumers to get a choice of 10 colours for the Ola Scooter
Ola Electric today revealed that its much awaited electric scooter will be available in 10 unique and vibrant colours, the widest range of colours available on a two-wheeler. While the exact names of the colours will be announced at the imminent launch, there will be choices in matte and gloss shades from options in blue and black, the vibrant hues of red, pink and yellow, as well as white and silver. Ola Electric revealed the whole palette of colours today on film for the first time in a ...
Ola announces the launch of first scooter - Ola S1
Best design It stands out in beautiful colors, iconic twin headlamps, ergonomic and fluidic body, superior alloy wheels, sculpted seating and the largest boot space that fits 2 helmets comfortably. Best performance The scooter inspires range confidence with an industry-leading range of upto 181 Km, acceleration of 0-40 kmph in 3 seconds, and a top speed of 115 kmph respectively. Hyperdrive motor: Designed and perfected in-house, the 8.5 kW motor is the most powerful i...
Ola Electric, India’s leading manufacturer of EVs, has invested in an Israeli battery technology company StoreDot, a pioneer in batteries with extreme fast charging (XFC) technology. The investment in StoreDot is the first of several global strategic investments planned by Ola Electric as it looks to ramp up its core R&D in advanced cell chemistry & manufacturing as well as other battery technologies and new energy systems. As part of the investment in StoreDot, Ola Electr...
Jeep launches much-awaited 7-Seater - Meridian
The new Jeep Meridian has been launched at an introductory price of INR 29.90 Lakhs (Ex-showroom India). The all-new three-row Jeep SUV is designed to disrupt the segment. The Meridian leverages its globally proven engineering prowess coupled with Indian insights to deliver an authentic SUV experience with high-level sophistication. The vehicle’s design is inspired by the iconic Jeep Grand Cherokee as it redefines the premium SUV segment with its many best-in-class fe...
To celebrate 75 years of the Independence, and Swarnim Vijay Varsh, and also to support vision 2030 of clean energy and foster adventure spirit among youths, a total of 15 riders, including 10 Indian Army personnel are taking part in the expedition that will cover 393 kms of distance on Ola S1 Pro scooters. The ride aims to spread awareness amongst the populace on clean energy and will showcase the spirit of adventure. Bhavish Aggarwal, CEO, Ola said ‘’It’s a p...
Ola to invest USD 500 million in battery innovation and indigenous cell R&D
Ola Electric, India’s largest electric vehicles company, today announced the investment of USD 500 million for setting up its state-of-the-art Battery Innovation Center (BIC) in Bangalore. BIC will be one of the world’s largest and most advanced cell R&D facilities with more than 165 unique and cutting-edge lab equipment to cover all aspects of cell related research and development. Ola’s BIC will host Proto lines that can produce all form factors Cylindrical, Pouch, ...
Citroën launches 'Made in india' New C3
Citroën India has launched the much-awaited New C3 at a special introductory price of ₹ 5,70,500 (ex-showroom Delhi). With over 90% localisation, this Made-In-India model is the first product from the C-Cubed family of vehicles and is built at its manufacturing facility in Thiruvallur, Tamil Nadu. New C3 deliveries to customers will start from today at all the La Maison Citroën phygital showrooms across the country. The New Citroën C3:&nbs...
Polaris launches its flagship model RZR® Pro R Sport in India
Polaris India Pvt. Ltd., a wholly-owned subsidiary of Polaris Industries Inc., today announced the launch of its flagship model RZR® Pro R Sport in India. The occasion was made more special with the first delivery of the RZR® Pro R Sport to the prestigious customer - Mr. Teja from Hyderabad. The vehicle was handed over to the proud owner by Polaris Vijayawada dealership head, Mr. Prakash Rao. Speaking on the occasion, Mr. Lalit Sharma, Country Manager, Polaris I...
Stellantis India is expanding its seamless customer experience both for Citroën and Jeep, with High-Definition 3D car & accessories configurator, integrated finance & insurance calculator, and an online trade-in facilitator. The brands, through its phygital network, have developed an omnichannel purchase experience for its customers in line with its ‘AnyTime, AnyWhere, AnyDevice, AnyContent’ (ATAWADAC) offering. Roland Bouchara, CEO and Managing Director - ...
Jeep® India launches iconic Grand Cherokee
The Jeep® brand introduced the all-new Grand Cherokee by recreating the iconic moment when the SUV has launched 30 years ago, driving through a glass window at an Auto show in Detroit. Since then, the Grand Cherokee has set an industry benchmark and quickly became synonymous with upscale design and uncompromised capability. Today, the 5th generation of the iconic nameplate continues to build on its legacy as the most awarded SUV ever, with its all-new exterior and interior design, world-c...
Bridgestone is collaborating with the team Agnirath from Indian Institute of Technology Madras (IITM) for the World Solar Challenge 2023 to be held in Australia in October this year. The World Solar Challenge sees teams compete in a 3000 km solar car challenge from Darwin to Adelaide. Teams will compete in the World Solar Challenge showcasing their cutting-edge designs and engineering solutions. The competition serves as a platform to inspire future generations of engineers and...
Yokohama Rubber Co to launch Geolandar CV 4S, an all-season tire for Crossover SUVs
The Yokohama Rubber Co., Ltd., today introduces the Geolandar CV 4S, a new all-season tire for crossover SUVs. The latest addition to the Geolandar brand of tires for SUVs and pickup trucks, the Geolandar CV 4S will be launched from this autumn in North America, Europe and then South Korea. The new tire will be available in 32 sizes, ranging from 245/45R20 103V to 235/65R17 108V. Yokohama Rubber developed the Geolandar CV 4S in response to the annual...
Yokohama India announced the launch of two new additions to its popular Geolandar series – the Geolandar X-AT and Geolandar M/T G003. These cutting-edge tires are engineered to deliver unparalleled performance and durability, catering to the diverse needs of off-road enthusiasts and adventurers. The Geolandar X-AT positioned in between All Terrain and Mud Terrain offers exceptional performance across a variety of terrains. With its all-terrain capabilities, this tire ensures superior...
Labour remobilisation is going to be an uphill task for the automotive industry in the coming months as many have already taken the road back to their hometowns. With the current pandemic posting an uncertainty that most of us are unfamiliar with, at least the ones born post the World Wars, life is not going to be the same, and neither is the manner in which contractual labour and manufacturing are looked at in the country. Interestingly,concerns such as safety and security but most ...
Is 'Lean' getting 'Mean' for auto?
Yes, of course, and we mean that quite literally. The COVID pandemic has opened doors for auto makers to streamline their supply chains and ready themselves for future mobility to become both, leaner and meaner. The automotive industry is in a transitional phase towards electric mobility and industry experts believe that this is an apt time to review, reflect and redefine supply chain strategies, and get a leaner approach across the product development cycles. They believe that cost and opera...
Owing to the severe impact on the overall sales of automobiles in India, following the spread of Covid-19 pandemic, the Indian automotive sector is pinning its hopes on the long-awaited Vehicle Scrappage Policy to spur the growth of the sector. While the policy is expected to be before the Union Cabinet for approval, industry experts believe that the benefits of the policy can only be achieved by incentivizing purchase of new vehicles in exchange for scrapping older ones. However, despit...
Is Indian auto industry ready to take the EV leap? A million-dollar question that everyone wants an answer to! While we have witnessed isolated developments on setting up of electric mobility infrastructure in the country and the optimism of the industry to offer a new technology despite the first quarter overall sales of FY2020-21 at the lowest in 12 years due to the pandemic, auto experts believe it is not the time to race behind timelines but a crucial phase to build local capabilitie...
Affordability of electric mobility has always remained a pain point for both the manufacturers and buyers. The recent amendment in the Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) announced by the Department of Heavy Industry on June 11th, 2021, is expected to fast-track adoption of electric mobility in the two-wheeler space in the country, and provide much needed impetus, in terms of demand, to the segment. According to the amendment...
Gujarat announces comprehensive EV Policy; aims to become EV hub
Gujarat has become the latest state to announce a comprehensive electric vehicle (EV) policy. While automakers across segments have welcomed the move that will see the enabling of faster adoption of electric vehicles in the country, one needs to keep an eye on how these incentives will unfold vis-a-vis higher buyer demand. "In line with its clear policy to encourage EV adoption, the Government has extended the FAME II policy by 2 years. This, coupled with recent changes in incentive s...
The Ola electric scooter has been testing on Indian roads for quite some time now and the market is abuzz with talk about all that is going to be on offer. In fact, just a few days back, Ola created history by becoming the most pre-booked scooter in the world! Crazy right? Not really. Afterall, Ola is building the World’s biggest scooter manufacturing plant in Tamil Nadu. You too can book yours through the company’s official website for a mere INR 499 and with so many b...
Roland Bouchard, CEO & Managing Director, Stellantis India, talks to Rachna Tyagi, Editor, TURN OF SPEED about the iconic brand, Jeep, about the relatively new brand in India, Citroen, and discusses not just their product portfolio but also their product offensive.
