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.

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Tier 1 automotive supplier Uno Minda has launched its new 4-channel audio amplifier, model UNO-AMP-4-100, targeting the automotive aftermarket sector.

The amplifier measures 191 mm by 105 mm by 48 mm, allowing for installation in confined areas within vehicles, including underneath seats. It produces power outputs of 150 W per channel at 2 Ohm and 100 W per channel at 4 Ohm across four speaker channels. In bridged mode, the system converts to a 2-channel setup delivering 320 W per channel at 4 Ohm to power subwoofers or higher-capacity speakers.

Technical specifications for the device include a total harmonic distortion rate of equal to or less than 0.05 percent, a signal-to-noise ratio exceeding 96 dB and an operational frequency response range from 10 Hz to 20 kHz. Input sensitivity ranges between 400 mV and 6 V to enable connection with factory-fitted and aftermarket head units. Electrical protection is supplied via twin 40 A fuses.

Anand Kumar, Business Head, Uno Minda Aftermarket, said, “At Uno Minda, we understand the evolving expectations of car owners who seek enhanced in-car experiences without compromising on practicality. With our new 4-Channel Amplifier, we have combined powerful audio performance with a compact, palm-size form factor to offer greater flexibility in installation. The amplifier's versatile output, wide compatibility and audio performance make it a suitable solution for customers looking to enhance their existing car audio systems while making efficient use of available space.”

The UNO-AMP-4-100 is priced at INR 13,999 and is distributed through physical automotive retail stores alongside e-commerce portals including Uno Minda Kart, Amazon and Flipkart.

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Tata Power EZ Charge has commissioned an electric vehicle charging hub at New Mahakali Nagar in Malvani, Malad West, Mumbai.

The facility comprises eight parking bays and four fast-charging units, including one 120 kW unit and three 60 kW units that can be upgraded to 120 kW capacity.

The station operates continuously without parking fees for public and commercial fleet users. Situated near Mindspace Business Park and Infinity Mall, the location provides charging access for commuters and logistics fleet operators traveling through the Malad corridor.

With the addition of the Malad site, Tata Power’s EZ Charge network includes over 2,400 charging points across Maharashtra, with more than 1,800 points located within the Mumbai and Navi Mumbai municipal areas. The installed units support CCS2 charging standards to accommodate compatible electric vehicle models.

EV users can locate the station, view real-time charger availability and execute transactions using the Tata Power EZ Charge mobile application. Nationally, the EZ Charge infrastructure network encompasses more than 250,000 home charging setups, over 6,500 public and commercial charging points, and 1,200 electric bus charging points across 700 cities and towns.

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Bridgestone India has commissioned a new 'Select' store at Hinjewadi Phata in Pune to further strengthen its retail footprint in the region. The 'Select' store, called as Deepraj Tyres, is designed to offer customers a complete tyre and wheel care experience under. Along with premium tyres, customers can expect expert guidance, modern equipment and services that focus on safety, comfort and long-term performance.
Opening the store in response to the growing demand for reliable and high-quality tyre solutions in the region, the 'Select' store is set to serve as a convenient, one-stop destination for tyre and allied services for passenger vehicle owners. It will stock Bridgestone’s latest premium tyre range including the Turanza 6i and Dueler All-Terrain A/T002 besides providing services like wheel alignment and balancing, nitrogen air filling and tyre change. 
“Pune is an important market for Bridgestone. The opening of this Select Store in the city reflects our commitment to offering customers easy access to premium products and trusted services. Our focus is on building long-term relationships by delivering safety, quality, and a consistently good experience,” said Rajiv Sharma, Executive Director, Sales & Marketing, Bridgestone India.
 

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Rosmerta Digital Services Limited (RDSL) and the Federation of Automobile Dealers Associations (FADA) have signed a Memorandum of Understanding (MoU) to make citizen compliance more accessible through technology, involving buying, selling or transferring a vehicle.
Such a process is today made more challenging beyond paperwork by issues like pending traffic violations/challans that add another layer of complexity. 
The MoU between RDSL and FADA includes Rosmart, the former's compliance services platform where citizens can log in to access challan-related services and address pending traffic violations. Dealers as FADA members will find it easier to support customers by uploading cases in bulk or assist customers directly. Customers can alternatively visit Rosmart.com directly or access the service by scanning a QR code available at participating dealerships and customer touchpoints.
For dealers, the MoU and subsequent access to Rosemart translates into an ability to offer customers support at a time when compliance issues risk slowing down a transaction. For customers, it provides a more convenient way to check and address challan-related requirements online, without having to navigate multiple touchpoints. Helping extend Rosmart across the automotive retail network and ensure service closer to dealers and vehicle owners, the MoU reflects a growing opportunity to use technology to simplify some of the everyday processes that form part of vehicle ownership, mentioned a FADA source.
 

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