Ask Automotive Shares Dip: Promoter To Offload 6% Stake
- By MT Bureau
- September 27, 2024
Shares of ASK Automotive fell by 5.4 percent to its day’s low of INR 442.05 on the BSE on 26 September 2024 as the automotive supplier’s INR 5.16 million Offer For Sale (OFS) opened for subscription for the non-retail category.
The floor price for the issue has been set at INR 433 per share and 119,271 shares are available for subscription. At this price, the total size of the issue would come to is INR 5.16 million.
Claimed to be India’s largest manufacturer of brake shoes and advanced braking systems (ABS) for two-wheelers with a market share of about 50 percent in FY2022-23 in terms of production volume for OE and organised aftermarket, Delhi NCR-based ASK Automotive expanded its manufacturing footprint recently to supply to electric two-wheeler products from OEMs like TVS Motor Company, Ather Energy, Hero MotoCorp, Greaves Cotton, Bajaj Auto and Revolt.
While it increases its market share in what is considered to be an extremely competitive and ruthless market place, its promoter Kuldip Singh Rathee is said to be keen to sell a 6.05 percent equity position through an OFS on 27 September 2024.
Tropicool Launches 360deg Around View Monitoring System For Commercial Vehicles
- By MT Bureau
- July 12, 2026
Tropicool Autotronics has unveiled its 360deg Around View Monitoring (AVM) System for commercial vehicles at the Prawaas 5.0 exhibition in India. The system is designed to improve driver visibility and eliminate blind spots.
It provides a bird's-eye view using four HD cameras, offering dynamic guidelines for parking and reversing. The system features automatic camera switching based on vehicle movement and multi-channel recording. The architecture is built to support future safety applications and is designed for buses, trucks and commercial vehicles.
Khushboo Shinagare, CEO, Tropicool Autotronics, said, "Commercial vehicle safety is evolving rapidly, and visibility is one of the biggest challenges drivers face every day. Our 360deg AVM System empowers drivers with complete situational awareness, reducing blind spots and improving passenger and pedestrian safety. We are delighted to introduce this solution at Prawaas 5.0 and support India's vision for safer, smarter mobility."
This launch expands the company’s portfolio, which includes vehicle electronics, parking assistance and passenger systems.
Maruti Suzuki India Expands Service Network To 6,000 Touchpoints
- By MT Bureau
- July 09, 2026
Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, has attained a new milestone of having a total of 6,000 service touchpoints across India with the opening of a new facility in Kozhikode, Kerala. The company’s service network now operates in over 3,000 cities and towns.
The new workshop in Kozhikode covers 1,820 square metres and includes service bays, body repair bays and electric vehicle charging and service capabilities.
Hisashi Takeuchi, Managing Director & CEO of Maruti Suzuki India, said, “In automobile business, along with the product, the convenience of quality service support is essential to enhancing a customer’s vehicle ownership experience. As our customer base continues to grow, we are equally focused on expanding our service network to provide greater convenience and peace of mind to customers. The inauguration of our 6,000th service touchpoint reflects this commitment. I would like to thank our dealer partners and service team, as together we have accelerated workshop activation and added our most recent 1,000 touchpoints in just around two years. Going forward, we will continue to strengthen our service footprint, and in FY 2026-27, we plan to add about 500* service touchpoints across the country.”
The company’s service network includes workshops, sales and service points, rural workshops and mobile service units. Maruti Suzuki also provides digital tools for customers, such as the Maruti Suzuki App, an AI-powered virtual assistant called S-Assist and vehicle health assessment documents.
In the 2025-26 financial year, Maruti Suzuki opened 502 service touchpoints and recorded 28.4 million vehicle services.
Tesla Opens Charging Station At Nexus Select Citywalk, New Delhi
- By MT Bureau
- July 07, 2026
Tesla has inaugurated a destination charging station at Nexus Select Citywalk in New Delhi. The site features six 11 kW AC destination chargers located in the P1 parking area. This addition brings Tesla's total in India to 6 charging stations, comprising 20 superchargers and 20 destination chargers.
Alongside the charging site, Tesla has opened a pop-up store at the mall, which operates from 6 July to 10 July between 11 AM and 9 PM. Visitors can view the Model Y L and the 2026 Model Y Premium Rear-Wheel Drive.
The Model Y L is a six-seat SUV with a cargo capacity of 2,539 litres and a range of 681 km. Pricing for the Model Y L begins at INR 6.19 million, with monthly EMIs from INR 49,990 and a down payment of INR 650,000.
The 2026 Model Y Premium Rear-Wheel Drive seats five passengers, offers 2,138 litres of cargo space, and provides a range of 500 km. It is priced at INR 5.08 million, with EMIs starting at INR 39,990 and a down payment of INR 650,000.
Kia India Announces Ownership Service Camp 2026
- By MT Bureau
- July 06, 2026
Kia India, one of the leading passenger vehicle manufacturers, has launched its Ownership Service Camp 2026, which runs from 3 July to 12 July 2026. The programme is available at 521 authorised workshops across 365 cities.
The service camp includes discounts on vehicle care, extended warranty packages, roadside assistance plans, parts, labour and accessories. Customers opting for the package will also receive a 36-point vehicle health check, which covers the exterior, interior, engine compartment and underbody. Additionally, the initiative provides used-car valuation services and exchange offers.
Bhimsen Gulabani, Vice-President - Customer Experience, Kia India, said, “Kia Ownership Service Camp 2026 embodies our unwavering commitment to delivering a seamless and differentiated ownership experience. Through this nationwide initiative, we aim not only to help customers maintain their vehicles in peak conditions but also to strengthen long-term relationships by providing transparent, accessible, and rewarding aftersales support. As we continue to enhance our service standards, our focus remains on creating a customer experience that inspires confidence and reinforces Kia's position as one of India's most trusted mobility brands."
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