Mahindra, Tata Motors Set Patent Approval Record
In a noteworthy achievement, leading Indian automakers Mahindra & Mahindra and Tata Motors have received a record number of patent approvals in the fiscal year 2024. This milestone underscores the companies' commitment to innovation and highlights their efforts to strengthen their intellectual property portfolios.
Both Mahindra and Tata Motors have demonstrated a strong focus on research and development, investing in cutting-edge technologies and innovative solutions to drive competitiveness and sustainability in the automotive industry. The significant increase in patent approvals ref..
JSW Group's Massive 400 Billion Rupee Bet Accelerates India's EV Ambitions
In a bold move to shape the future of electric mobility in India, JSW Group has announced a staggering 400 billion rupee ($4.81 billion) investment in electric vehicle (EV) manufacturing projects in Odisha. This significant endeavor marks JSW's determination to rival both domestic and international players in India's rapidly growing EV market.
Last year, electric models comprised a mere 2% of India's car sales, with Tata Motors dominating the landscape. However, with the government aiming for a 30% share in EV sales by 2023, JSW Group's substantial investment is a strategic leap toward..
M&M Unveils Ambitious Expansion Strategy Across Sectors
Mahindra & Mahindra (MM) has announced robust plans for capacity expansion across various segments, signalling a strategic move to reinforce its market presence. The company aims to address both domestic and international markets, with a particular focus on strengthening its position in export markets.
In line with these ambitions, MM is set to implement new initiatives that will contribute to the growth of its manufacturing capabilities. These expansion plans cover a wide spectrum of sectors, reflecting the company's commitment to diversification and sustained development. The move i..
TVS Motor Unveils Electric Two-Wheeler
TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.
The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..
Chinese EV Giant Leapmotor Eyes Indian Market
Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.
Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..