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Ultraviolette Automotive To Invest $100 Million In Next Few Years, Targets sales of 100,000 Units
March 06, 2025
To date, the company has invested around USD 60 million, and it anticipates that it will further invest USD 70 million to USD 100 million in the next few years.
Nilesh Wadhwa
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Ultraviolette Unveils World’s Most Advanced Electric Scooter And A New Lightweight Motorcycle
March 05, 2025
Ultraviolette has unveiled Tesseract, claimed to be the world’s most advanced electric scooter, and Shockwave, a new lightweight motorcycle, at the FAST FORWARD India ’25 event in Bengaluru.
MT Bureau
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Layam Group Sees Strong Growth In Contract Manufacturing
March 05, 2025
Layam Group is involved in automobile, smartphone and other sectors for contract manufacturing. It reported an INR 3-4 billion turnover with 70 percent revenue coming from the automobile and engineering sectors.
Gaurav Nandi
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Classic Legends Announces Jawa Yezdi BSA Ownership Assurance Programme
March 04, 2025
Classic Legends has announced the ‘Jawa Yezdi BSA Ownership Assurance Programme’ for its motorcycle range. The initiative was unveiled during a plant visit at the company's manufacturing facility in Pithampur and reinforces its commitment to not only
MT Bureau
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Hyundai Motor Company Boss Jose Munoz Conducts Town Hall Meeting In India
March 04, 2025
He elaborated that India, with its push towards sustainable mobility, is expected to play a key role in Hyundai Motor’s global ambition to sell 2 million EVs by 2030 globally.
MT Bureau
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MHI Amends PM E-DRIVE Scheme, Outlines Localisation Eligibility Norms Across Categories
March 04, 2025
The government is also going to announce PMP for e-ambulances, e-trucks and other new emerging EV categories separately.
MT Bureau