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Hero MotoCorp, one of the leading two-wheeler manufacturers in the country, has announced a price increase for its motorcycles and scooters starting from July 1, 2024. This information was conveyed by the company in a filing to the exchange on Monday. "Hero MotoCorp will make an upward revision in the ex-showroom prices of select motorcycles and scooters, with effect from July 1, 2024," said the company. The price increase will be up to Rs 1,500 on various models, although the exact amount will differ depending on the specific model and market. "The price revision will be up to Rs. 1,500 and the exact quantum of increase will vary by specific model and market," the company clarified. This means that while some models might see a smaller increase, others could reach the maximum threshold of Rs 1,500. The company has attributed this price adjustment to the rising input costs associated with manufacturing. The company stated that the increase was necessary to mitigate some of these higher costs. "The revision has been necessitated to partially offset the impact of higher input costs," the company stated. The two-wheeler sales in India experienced a marginal decline in May as compared to the same period in the previous year. The major two-wheeler manufacturers of the country reported a decrease in sales numbers, reflecting a broader trend in the industry. In May 2024 Hero MotoCorp, sold 498,123 units, marking a decrease from the 519,474 units sold in May 2023. This decline was observed in both the scooter and motorcycle segments. Specifically, Hero MotoCorp's scooter sales fell to 26,937 units in May 2024, down from 30,138 units in May 2023. Motorcycle sales also saw a decline, with 471,186 units sold in May 2024 compared to 489,336 units in May 2023. However, the company registered growth in export sales. Hero Moto Corp exports were up from 11,165 units in May 2023 to 18,673 units in May 2024. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/akme-fintrade-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/111218502.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/akme-fintrade-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/111218502.cms" target="_blank">Akme Fintrade IPO allotment – How to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/tech/mobile/webstories/realme-gt-6-vs-xiaomi-14-civi-which-smartphone-should-you-buy-under-50000/slidelist/111157835.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/realme-gt-6-vs-xiaomi-14-civi-which-smartphone-should-you-buy-under-50000/slidelist/111157835.cms" target="_blank">Realme GT 6 vs Xiaomi 14 CIVI – Which smartphone should you buy under ₹50,000?</a><a href="https://www.businessinsider.in/stock-market/webstories/stanley-lifestyles-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/111134786.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/stanley-lifestyles-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/111134786.cms" target="_blank">Stanley Lifestyles IPO – Price band to risk factors, all you need to know</a> <meta content="cms.next" name="cmsei" />

Hero MotoCorp announces price hike for motorcycles and scooters from July 1

<ul><li>Bhavish Aggarwal-led Ola Electric has received approval from SEBI for its IPO.</li><li>The EV maker has received approval for an IPO to raise ₹5,500 crore.</li><li>The company filed the DRHP with SEBI in December 2023.</li></ul> Indian electric two-wheeler maker Ola Electric has received approval from the Securities Exchange Board of India (SEBI) for its initial public offering (IPO). The Bengaluru-based EV maker <a href="https://www.businessinsider.in/stock-market/news/ola-electric-aims-to-raise-nearly-rs-5800-cr-via-ipo-to-file-drhp/articleshow/105907892.cms">filed</a> the Draft Red Herring Prospectus (DRHP) in December 2023. The Bhavish Aggarwal-led company is looking to raise ₹5,500 crore through a fresh issue of shares. Additionally, the IPO also includes an offer for sale (OFS) component of 9.52 crore shares. The company has also kept an option to raise ₹1,100 crore via pre-IPO placement. As part of OFS, Aggarwal will offload 4.7 crore equity shares, which is around half of the OFS component. Apart from this, companies such as Indus Trust, Kaha Wave Ventures, MacRitchie Investments, Alpine Opportunity Fund, Matrix Partners India Investments, and others will divest some shares. According to the draft papers, out of the funds raised, ₹1,226.4 crore will be used for capital expenditure and ₹800 crore will be used to repay debt. The company will spend around ₹1,6000 crore on research and development and ₹350 crore on growth initiatives. Ola Electric has emerged as the leading electric two-wheeler maker in the country and has been leading the market for a long time now. The company occupies around half of the market share. The company is in the process of building an EV hub in the Krishnagiri and Dharmapuri districts in Tamil Nadu. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-add-nearly-3-5-million-subscribers-in-april-2024/articleshow/111129665.cms">Reliance Jio and Airtel add nearly 3.5 million subscribers in April 2024</a> <a href="https://www.businessinsider.in/business/webstories/nvidia-dethrones-microsoft-to-become-the-worlds-most-valuable-company/slidelist/111102218.cms">As Nvidia dethrones Microsoft, check out the world's top 10 most valuable companies</a> <a href="https://www.businessinsider.in/stock-market/news/hyundai-motor-india-files-draft-papers-with-sebi-for-indias-biggest-ipo/articleshow/111014559.cms">Hyundai Motor India files draft papers with SEBI for India’s biggest IPO</a> <meta content="cms.next" name="cmsei" />

Ola Electric gets SEBI approval for ₹5,500 crore IPO

South Korean automaker Hyundai's Indian arm is likely to file preliminary papers with Sebi shortly to raise at least USD 3 billion (around Rs 25,000 crore) through an initial public offering, sources close to the development said on Friday. The company's initial public offering (IPO), if it goes through, would be the largest in India, surpassing LIC's share sale of Rs 21,000 crore. This development marks a significant milestone for the Indian industry, as it is the first automaker to go for an initial share sale in over two decades, after Japanese automaker Maruti Suzuki's listing in 2003. Earlier this week, electric two-wheeler company Ola Electric received capital markets regulator Sebi's clearance to raise funds through an IPO. Under the proposed IPO, Hyundai Motor India Ltd (HMIL), which is the second largest carmaker in India after Maruti Suzuki India, may dilute 15-20 per cent stake to raise funds in the range of USD 3.3-5.6 billion, sources said. They said the company is likely to file its papers with the regulatory body Securities and Exchange Board of India (Sebi) soon. When contacted over the issue, HMIL company declined to comment. HMIL commenced operations in India in 1996 and currently, sells 13 models across segments. HMIL reported a 7 per cent year-on-year increase in total sales at 63,551 units in May 2024 against 59,601 units in the corresponding month last year. Domestic dispatch of vehicles to dealers saw a 1 per cent rise to 49,151 units last month from 48,601 units in the year-ago period. Exports of the vehicles grew 31 per cent in May to 14,400 units compared to 11,000 units a year ago.<meta content="cms.next" name="cmsei" />

Hyundai to soon file draft IPO papers with Sebi to raise about Rs 25,000 crore: Sources

Hyundai Motor India is recalling 1,744 units of its electric model Ioniq 5, due to an issue with the integrated charging control unit, as per the information available with industry body SIAM. The company is recalling the units manufactured between July 21, 2022 and April 30, 2024 to fix the part, data on the SIAM website said. The company is recalling the units due to "potential issue in integrated charging control unit which may discharge 12V battery", it stated. When contacted, a Hyundai company spokesperson said: "At Hyundai Motor India, customer safety is our top priority. The Ioniq 5 recall is a proactive step to inspect and upgrade the Integrated Charging Control Unit (ICCU) in the affected vehicles at no cost to the customers." The company's dedicated teams will be in touch with vehicle owners and guide them through the recall process, the spokesperson said. Price of Ioniq 5 starts at Rs 46.05 lakh (ex-showroom). SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/tata-group-reportedly-looking-to-acquire-a-majority-stake-in-vivo-india/articleshow/110987274.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/tata-group-reportedly-looking-to-acquire-a-majority-stake-in-vivo-india/articleshow/110987274.cms" target="_blank">Tata Group reportedly looking to acquire a majority stake in Vivo India</a><a href="https://www.businessinsider.in/business/auto/webstories/bmw-r-1300-gs-superbike-launched-in-india-at-20-95-lakh/slidelist/110971512.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/bmw-r-1300-gs-superbike-launched-in-india-at-20-95-lakh/slidelist/110971512.cms" target="_blank">BMW R 1300 GS superbike launched in India at ₹20.95 lakh</a><a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-z-fold-6-will-reportedly-get-a-100-price-bump/articleshow/110959434.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-z-fold-6-will-reportedly-get-a-100-price-bump/articleshow/110959434.cms" target="_blank">Samsung Galaxy Z Fold 6 will reportedly get a $100 price bump</a> <meta content="cms.next" name="cmsei" />

Hyundai Motor India recalls 1,744 units of Ioniq 5

Domestic passenger vehicle retail sales declined 1 per cent year-on-year in May, as blistering summer heat and elections impacted demand, automobile dealers' body FADA said on Monday. Passenger vehicle registrations dipped to 3,03,358 units last month, as compared with 3,35,123 units in May 2023. "Dealers cited the impact of elections, extreme heat and market liquidity issues as major factors for the dip in sales last month," the Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said. Despite better supply, some pending bookings and discount schemes, the lack of new models, intense competition and poor marketing efforts by original equipment manufacturers (OEMs) also affected sales, he added. Additionally, the month saw increased customer postponements and low enquiries, Singhania stated. Due to the extreme heat, the number of walk-ins to showrooms dropped by around 18 per cent, he said. Two-wheeler sales rose 2 per cent to 15,34,856 units in May, as against 14,97,778 units in the same month last year. Singhania said positive rural demand on account of good rains in some regions and improved finance availability kept the counters ticking. Three-wheeler retails rose 20 per cent year-on-year to 98,265 units last month. While commercial vehicle sales witnessed an increase of 4 per cent at 83,059 units last month, as compared to 79,807 units in May 2023. "Despite growth due to a low base from last year and increased bus orders, the industry faced challenges due to wholesale pressures, government policy effects, and negative market sentiment," Singhania said. He noted that the near-term outlook for automobile retail is 'cautiously optimistic', influenced by a mix of positive and challenging factors across various segments. Government formation is expected to bring stability and improve market sentiment, Singhania said. Dealers are hopeful about better supplies and positive movement in key sectors like cement, coal and iron ore, he said. Above normal rains during monsoon, is expected to enhance rural demand and support economic activities, he added. "However, extreme weather, such as heatwaves and heavy rains, along with the reopening of schools in July, might delay purchase decisions," Singhania said. Challenges persist, including intense competition, lack of new model launches and poor marketing efforts by OEMs, he said. FADA, which represents over 15,000 automobile dealerships having over 30,000 dealership outlets, collated sales data from 1,360 out of 1,503 RTOs across the country. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/tata-altroz-racer-hatchback-launched-in-india-starting-at-9-49-lakh/articleshow/110798203.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/tata-altroz-racer-hatchback-launched-in-india-starting-at-9-49-lakh/articleshow/110798203.cms" target="_blank">Tata Altroz Racer hatchback launched in India starting at ₹9.49 lakh</a><a href="https://www.businessinsider.in/business/webstories/nvidia-beats-apple-becomes-second-most-valuable-company-top-10-companies-by-market-cap/slidelist/110793951.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/webstories/nvidia-beats-apple-becomes-second-most-valuable-company-top-10-companies-by-market-cap/slidelist/110793951.cms" target="_blank">Nvidia beats Apple, becomes second most valuable company: Top 10 companies by market cap</a><a href="https://www.businessinsider.in/tech/news/indian-smartwatch-shipments-remain-flat-in-q1-2024-the-year-expected-to-end-in-a-decline/articleshow/110789121.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/indian-smartwatch-shipments-remain-flat-in-q1-2024-the-year-expected-to-end-in-a-decline/articleshow/110789121.cms" target="_blank">Indian smartwatch shipments remain flat in Q1 2024, annual shipments expected to end in a decline</a> <meta content="cms.next" name="cmsei" />

Passenger vehicle retail sales dip 1% in May as excessive heat, elections impact demand: FADA

Passenger vehicle exports from India rose by 2.68 lakh units in the last four financial years with Maruti Suzuki India accounting for nearly 70 per cent of the incremental shipments during the period. As per the industry data, passenger vehicle exports in the 2020-21 fiscal stood at 4,04,397 units. It rose to 5,77,875 units in the 2021-22 fiscal year and to 6,62,703 units in 2022-23 financial year. Last fiscal, exports stood at 6,72,105 units, an increase of 2,67,708 units since 2020-21. In the last three fiscal years, Maruti Suzuki has accounted for 70 per cent of the incremental 2,67,708 units across the industry which were shipped to overseas markets. The auto major's export shipment increased by 1,85,774 units between FY21 and FY24. When contacted, Maruti Suzuki India Executive Officer Corporate Affairs Rahul Bharti said that factors like addition of more models, adherence to global production standards and tie-up with Toyota have helped in ramping up the exports' volume. He noted that the company is currently exporting models to around 100 nations across the globe. Top overseas markets for the company currently are South Africa, Saudi Arabia, Chile and Mexico. Other major markets include the Philippines, Indonesia and Ivory Coast. MSI exports models like Baleno, Dzire, Swift, S-Presso, Grand Vitara, Jimny, Celerio and Ertiga. As per SIAM data, overall PV exports stood at 6,72,105 units in FY24, an increase of 1.4 per cent over 6,62,703 units in FY2023. MSI exported 2,80,712 units last fiscal, an increase of 10 per cent over 2,55,439 units in FY23. Rival Hyundai shipped 1,63,155 units in FY24 as compared with 1,53,019 units in FY23, an increase of 7 per cent.<meta content="cms.next" name="cmsei" />

Passenger vehicle exports rise by 2.68 lakh units in last 4 years; Maruti accounts for 70% of incremental shipments

<ul><li>Tata Motors has launched the Altroz Racer, the company’s latest premium hatchback in India.</li><li>The Altroz Racer is a sporty version of its existing Altroz hatchback.</li><li>Here’s everything you need to know about the latest hatchback from the Indian automaker.</li></ul>Indian automaker Tata Motors on Friday announced the launch of its new premium hatchback, the Altroz Racer in India. The Tata Altroz Racer is a sportier version of its existing Altroz hatchback. The Tata Altroz has received many variants over the years, be it a<a href="https://www.businessinsider.in/business/auto/news/tata-altroz-icng-with-twin-cylinder-cng-technology-launched-in-india/slidelist/99613726.cms"> CNG variant</a> or an<a href="https://www.businessinsider.in/business/auto/news/cars-and-suv-with-sunroof-under-10-lakh-in-india/slidelist/102017132.cms"> affordable sunroof</a> version. The Tata Altroz Racer is aimed at the Hyundai i20 N Line and is packed with new features. <cmsannotation type="cmsannotation" annotationid="Tata Altroz Racer price in India" comment="subhead" text="Tata Altroz Racer price in India">Tata Altroz Racer price in India</cmsannotation> The Altroz Racer is priced starting at ₹9.49 lakh (ex-showroom) and is available in three variants. <table style="border-width: initial; border-style: none;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Altroz Racer </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">R1 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹9.49 lakh </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">R2 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹10.49 lakh </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">R3 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹10.99 lakh </td></tr></tbody></table> <cmsannotation type="cmsannotation" annotationid="Tata Altroz Racer design and features" comment="subhead" text="Tata Altroz Racer design and features">Tata Altroz Racer design and features</cmsannotation> The Tata Altroz Racer retains the same design as the existing Altroz but now comes in a dual-tone finish which includes a standard colour and black. In addition to this, the car comes with white stripes on top of the black colour, adding a sporty element. The Altroz Racer is available in three colour options – Atomic Orange, Avenue White and Pure Grey. The Altroz Racer features a new all-black dashboard, ambient lighting and coloured highlights. The car comes with a new 10.25-inch infotainment screen, Android Auto and Apple CarPlay support, a 7-inch digital driver’s display, a 360-degree camera, six airbags and ventilated seats on the front. The car continues to offer features such as a sunroof, ABS with EBD, Harman Kardon sound system and more. Powering the new Tata Altroz Racer is a 1.2-litre turbo petrol engine that can generate 118 hp of power and 170 Nm of peak torque. At present, it is available only in a 6-speed manual transmission option and there is no automatic variant. SEE ALSO: <a href="https://www.businessinsider.in/business/webstories/nvidia-beats-apple-becomes-second-most-valuable-company-top-10-companies-by-market-cap/slidelist/110793951.cms">Nvidia beats Apple, becomes second most valuable company: Top 10 companies by market cap</a> <a href="https://www.businessinsider.in/tech/news/indian-smartwatch-shipments-remain-flat-in-q1-2024-the-year-expected-to-end-in-a-decline/articleshow/110789121.cms">Indian smartwatch shipments remain flat in Q1 2024, the year expected to end in a decline</a> <a href="https://www.businessinsider.in/business/auto/news/may-auto-sales-tata-motors-and-hyundai-continue-to-fight-for-the-second-spot-as-car-sales-grow-by-4/articleshow/110649713.cms">May Auto Sales – Tata Motors and Hyundai continue to fight for the second spot as car sales grow by 4%</a> <meta content="cms.next" name="cmsei" />

Tata Altroz Racer hatchback launched in India starting at ₹9.49 lakh

<ul><li>Maruti Suzuki continues to lead the Indian car market, with 1,44,002 cars sold in May 2024.</li><li>Hyundai and Tata Motors continue to battle for the second spot, with Hyundai taking the lead.</li><li>Mahindra &amp; Mahindra and Toyota recorded a good increase in car sales in May 2024.</li></ul>Hyundai Motor India and Tata Motors continued to battle for the second spot in the Indian auto market in May 2024 as car sales reported a modest 4% growth amid the Lok Sabha 2024 elections. Maruti Suzuki continued to lead the Indian car market, occupying over 40% of the market. The total car shipments in May 2024 stood at 3,50,257, up from 3,35,436 in May 2023, a growth of 4%. <cmsannotation type="cmsannotation" annotationid="Maruti Suzuki leads the market with a comfortable margin" comment="subhead" text="Maruti Suzuki leads the market with a comfortable margin">Maruti Suzuki leads the market with a comfortable margin</cmsannotation> Maruti Suzuki continued to lead the Indian car market, with 1,44,002 cars sold during May 2024, up from 1,43,708 cars shipped in May 2023, recording just 0.2% increase. The company exported 17,367 units during this period, down from 26,477 cars exported in May 2023, registering a 34.4% decline. Out of the company’s total domestic shipments, over a third have come from SUVs. The company shipped 54,204 SUVs in May 2024, up from 46,243 SUVs shipped in May 2023, registering a 17% growth. <cmsannotation type="cmsannotation" annotationid="Hyundai takes the second spot" comment="subhead" text="Hyundai takes the second spot">Hyundai takes the second spot</cmsannotation> Hyundai Motor India occupied the second spot with 49,151 cars shipped in May 2024, up from 48,601 cars shipped in May 2023, recording a 1% shipment growth. The Hyundai Creta emerged as the company’s most popular car, with 14,662 units shipped during the month. SUVs were responsible for 67% of the company’s total PV sales in May 2024. The company recorded a 31% increase in exports, shipping 14,400 cars, up from 11,000 shipped in May 2023. <cmsannotation type="cmsannotation" annotationid="Tata Motors comes a close third" comment="subhead" text="Tata Motors comes a close third">Tata Motors comes a close third</cmsannotation> Tata Motors has come a close third, with 46,697 cars shipped during May 2024, up from 45,878 cars sold in May 2023, recording a 2% growth. Out of this, 5,558 cars sold were electric vehicles, registering a 4% year-on-year decline from 5,805 EVs sold in May 2023. The company’s exports have increased by 257% to 386 cars during May 2024. <cmsannotation type="cmsannotation" annotationid="Mahindra &amp; Mahindra" comment="subhead" text="Mahindra &amp; Mahindra">Mahindra &amp; Mahindra</cmsannotation> Mahindra &amp; Mahindra recorded a 31% increase in car sales in May 2024, selling 43,218 cars, up from 32,886 cars shipped in May 2023. The company's entire sales are in the form of SUVs, including the recently launched Mahindra XUV 3XO. <cmsannotation type="cmsannotation" annotationid="Toyota reports an increase while MG Motor declines" comment="subhead" text="Toyota reports an increase while MG Motor declines">Toyota reports an increase while MG Motor declines</cmsannotation> Toyota reported a 24% increase in shipments, with 25,273 cars shipped in May 2024, up from 20,410 units shipped in May 2023, recording a 24% year-on-year growth. On the other hand, MG Motor reported a 5% decline in car sales with 4,769 vehicles sold in May 2024, down from 5,006 vehicles in May 2023. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-june-2024/slidelist/110591467.cms">Upcoming cars and two-wheelers launching in India in June 2024</a> <a href="https://www.businessinsider.in/tech/mobile/news/huawei-beats-samsung-to-take-the-top-spot-in-global-foldable-smartphone-shipments/articleshow/110583786.cms">Huawei beats Samsung to take the top spot in global foldable smartphone shipments</a> <a href="https://www.businessinsider.in/tech/news/apple-wwdc-2024-to-begin-with-keynote-on-june-10-event-schedule-what-to-expect-and-more/articleshow/110537952.cms">Apple WWDC 2024 to begin with keynote on June 10 – event schedule, what to expect and more</a> <meta content="cms.next" name="cmsei" />

May Auto Sales – Tata Motors and Hyundai continue to fight for the second spot as car sales grow by 4%

Upcoming cars and two-wheelers launching in India in June 2024

<ul><li>TVS has recently launched the iQube ST, the company’s top-end offering in the iQube lineup.</li><li>The iQube ST takes on the Ather 450X and the Ola S1 Pro in the electric scooter segment.</li><li>In this post, we compare the three scooters to help you decide which electric scooter you should buy.</li></ul> The electric scooter segment has been constantly changing over the past few months and there are several options to choose from. TVS Motor recently launched a new variant of its iQube electric scooter, the ST. The iQube ST is the premium offering in the company’s iQube lineup and competes with the likes of the Ather 450X and the Ola S1 Pro. With so many options available, it is easy to get confused about which electric scooter you should buy. To help you decide, we have compared the three electric scooters. <cmsannotation type="cmsannotation" annotationid="TVS iQube ST vs Ather 450X vs Ola S1 Pro price" comment="subhead" text="TVS iQube ST vs Ather 450X vs Ola S1 Pro price">TVS iQube ST vs Ather 450X vs Ola S1 Pro price</cmsannotation> <table style="border-width: initial; border-style: none;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Scooter </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">TVS iQube ST </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,85,573 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ather 450X </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,74,999 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ola S1 Pro </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,46,938 </td></tr></tbody></table> Prices in Bengaluru <cmsannotation type="cmsannotation" annotationid="TVS iQube ST vs Ather 450X vs Ola S1 Pro performance" comment="subhead" text="TVS iQube ST vs Ather 450X vs Ola S1 Pro performance">TVS iQube ST vs Ather 450X vs Ola S1 Pro performance</cmsannotation> As they are all premium electric scooters, all three perform well when it comes to performance. The TVS iQube ST is equipped with a 4.4 kW PMSM motor that can develop a torque of 33 Nm. It offers a top speed of 82 km per hour and can go from 0 to 40 in 4.2 seconds. Coming to the Ather 450X, it is equipped with a 6.2 kW PMS motor that develops a max torque of 26 Nm. It has a top speed of 90 km per hour and can go from 0 to 40 in just 3.3 seconds. The Ola S1 Pro, despite being the cheapest of the lot, is quite powerful. It is equipped with a 11 kW motor that can develop 58 Nm of torque. It offers a top speed of 120 km per hour and goes from 0 to 40 in just 2.6 seconds. When it comes to offering high-speed and quick acceleration, the Ola S1 Pro is ahead of its competitors. <cmsannotation type="cmsannotation" annotationid="TVS iQube ST vs Ather 450X vs Ola S1 Pro range" comment="subhead" text="TVS iQube ST vs Ather 450X vs Ola S1 Pro range">TVS iQube ST vs Ather 450X vs Ola S1 Pro range</cmsannotation> The TVS iQube ST is powered by a 5.1 kWh battery pack and is claimed to offer a range of 150 km on a single charge. The Ather 450X is equipped with a 3.7kWh battery which is claimed to offer a range of 110 km on a single charge. On the other hand, the Ola S1 Pro comes with a 4kWh battery pack, which is claimed to offer a range of up to 180 km in Eco mode and 143 km in Normal mode. <cmsannotation type="cmsannotation" annotationid="TVS iQube ST vs Ather 450X vs Ola S1 Pro charging time" comment="subhead" text="TVS iQube ST vs Ather 450X vs Ola S1 Pro charging time">TVS iQube ST vs Ather 450X vs Ola S1 Pro charging time</cmsannotation> The TVS iQube ST, which comes with the biggest battery among the three scooters takes 4 hours and 18 minutes to charge from 0 to 80%. The Ather 450X, which comes with a smaller 3.7kWh battery takes 4 hours and 30 minutes to charge from 0 to 80%. The Ola S1 Pro, which features a 4kWh battery pack takes 6 hours and 30 minutes to charge from 0 to 100%. One thing that you need to keep in mind is that while Ather Energy and Ola Electric have fast charging infrastructure in place across the country, TVS Motor currently does not have any fast charging facility. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/tvs-iqube-gets-a-new-variant-priced-under-1-lakh-st-variant-gets-a-bigger-battery/articleshow/110121391.cms">TVS iQube gets a new variant priced under ₹1 lakh, ST variant gets a bigger battery</a> <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-crater-in-april-2024-as-prices-increase-amid-reduced-subsidies/articleshow/109806054.cms">Electric two-wheeler sales crater in April 2024 as prices increase amid reduced subsidies</a> <a href="https://www.businessinsider.in/business/auto/webstories/ultraviolette-f77-mach-2-electric-sports-bike-launched-in-india-starting-at-2-99-lakh/slidelist/109615934.cms">Ultraviolette F77 Mach 2 electric sports bike launched in India starting at ₹2.99 lakh</a> <meta content="cms.next" name="cmsei" />

TVS iQube ST vs Ather 450X vs Ola S1 Pro – which electric scooter should you buy?

<ul><li>TVS has announced two new variants of its popular iQube electric scooter.</li><li>The TVS iQube is now available under ₹1 lakh in India, as part of an introductory offer.</li><li>The company has also announced a new variant of the iQube ST with a larger battery.</li></ul> TVS Motor has made some changes to its popular electric scooter, the iQube. The Indian automaker has launched a new base variant and a new top-end variant at once. TVS launched the<a href="https://www.businessinsider.in/business/auto/news/tvs-new-iqube-electric-scooter-comparison-with-ather-450x-and-ola-s1-pro/articleshow/91657740.cms"> iQube</a> electric scooter in India in May 2022 in three variants – iQube, iQube S and iQube ST. The<a href="https://www.businessinsider.in/business/auto/news/tvs-electric-scooters-tvs-iqube-iqube-s-and-iqube-st-comparison/articleshow/92356267.cms"> three variants</a> have now been increased to five, with the base iQube and the iQube ST getting new battery options. The new variants will soon be available from TVS dealerships across the country. <cmsannotation type="cmsannotation" annotationid="TVS iQube variants and pricing" comment="subhead" text="TVS iQube variants and pricing">TVS iQube variants and pricing</cmsannotation> The TVS iQube is now available in five variants – <table style="border-width: initial; border-style: none;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">TVS iQube </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">iQube 2.2kWh </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹95,007 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">iQube 3.4kWh </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,29,928 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">iQube S 3.4kWh </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,46,420 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">iQube ST 3.4kWh </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,55,555 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">iQube ST 5.1kWh </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,85,373 </td></tr></tbody></table> Ex-showroom prices, Bengaluru <cmsannotation type="cmsannotation" annotationid="TVS iQube new variant" comment="subhead" text="TVS iQube new variant">TVS iQube new variant</cmsannotation> Starting with the new affordable variant, TVS has launched a new base variant of the iQube with a 2.2kWh battery pack. This variant offers a range of 75 km per charge and can be charged from 0 to 80% in 2 hours. The 3.4kWh variant offers a range of 100 km on a single charge. The new variant is equipped with the same 4.4kW electric motor that is capable of taking the scooter from 0 to 40 km per hour in just 4.2 seconds. It offers a top speed of 75 km per hour. The TVS iQube is equipped with a 5-inch TFT screen that offers live vehicle tracking, geo-fencing, crash alerts, reverse mode, anti-theft alerts and more. You get turn-by-turn navigation with the scooter. <cmsannotation type="cmsannotation" annotationid="iQube ST gets a new variant" comment="subhead" text="iQube ST gets a new variant">iQube ST gets a new variant</cmsannotation> The premium iQube ST is now available in a new variant with a larger 5.1kWh battery pack, offering a range of up to 150 km on a single charge. It is powered by the same 4.4kW electric motor that is capable of taking the scooter from 0 to 40 km per hour in just 4.2 seconds. It offers a top speed of 82 km per hour. The iQube ST offers premium features such as a 7-inch touch-screen display, navigation, remote charge status and more. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-crater-in-april-2024-as-prices-increase-amid-reduced-subsidies/articleshow/109806054.cms">Electric two-wheeler sales crater in April 2024 as prices increase amid reduced subsidies</a> <a href="https://www.businessinsider.in/business/auto/news/2024-maruti-suzuki-swift-launched-in-india-starting-at-6-49-lakh/slidelist/109979040.cms">2024 Maruti Suzuki Swift launched in India starting at ₹6.49 lakh</a> <a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-april-2024-tata-punch-continues-to-dominate/slidelist/109909744.cms">Top-selling cars in India in April 2024 – Tata Punch continues to dominate</a> <meta content="cms.next" name="cmsei" />

TVS iQube gets a new variant priced under ₹1 lakh, ST variant gets a bigger battery

Japanese car maker Suzuki Motor Corporation on Monday said it will continue to expand SUV portfolio in India to recover its overall market share in the passenger vehicle segment. The company, which currently has around 58 per cent stake in Maruti Suzuki India, said its net sales increased by 732.6 billion yen (15.8 per cent) year-on-year to 5,374.3 billion yen for the last financial year. Operating profit increased by 115 billion yen (32.8 per cent) YoY to 465.6 billion yen. "We will continue to promote the expansion of our SUV models (in India) and aim to recover our total passenger car share," Suzuki Motor Corporation said in a statement. Currently, Maruti Suzuki sells SUV (sport utility vehicle) models like Brezza, Jimny and Grand Vitara in the domestic market. The company's market share has come down to around 42 per cent from over 50 per cent a couple of years back in the domestic passenger vehicle segment on account of limited options in the SUV segment. With the market demand rising for SUVs, the company is in the process of bolstering its presence in the segment and regaining its market share. Suzuki Motor Corp said that in April 2024, a new production line with an annual capacity of 1 lakh units started operations at the Manesar plant. The company said it plans to secure a production capacity of around 40 lakh units in India by FY2030. Suzuki Motor Corp said it expects record sales and profits this fiscal due to higher unit sales. "The company is compiling strategies in various fields, including technology, and will announce the new mid-term management plan by the end of FY2024," it stated. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/oneplus-nord-ce-4-lite-to-launch-soon-in-india-expected-price-specs-and-everything-we-know-so-far/articleshow/110076267.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-nord-ce-4-lite-to-launch-soon-in-india-expected-price-specs-and-everything-we-know-so-far/articleshow/110076267.cms" target="_blank">OnePlus Nord CE 4 Lite to launch soon in India – expected price, specs and everything we know so far</a><a href="https://www.businessinsider.in/stock-market/news/aadhar-housing-finance-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/110071990.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/aadhar-housing-finance-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/110071990.cms" target="_blank">Aadhar Housing Finance IPO allotment – How to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-market-up-8-5g-smartphones-account-for-over-70-of-shipments/articleshow/110002512.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-market-up-8-5g-smartphones-account-for-over-70-of-shipments/articleshow/110002512.cms" target="_blank">Indian smartphone market up 8%, 5G smartphones account for over 70% of shipments</a> <meta content="cms.next" name="cmsei" />

Suzuki says will continue to expand SUV portfolio to recover mkt share in India

2024 Maruti Suzuki Swift launched in India starting at ₹6.49 lakh

Shares of TVS Motor Company on Thursday climbed over 6 per cent after the company's consolidated net profit increased 15 per cent for the fourth quarter ended March 2024. The stock went up 5.73 per cent to Rs 2,121.30 on the BSE. On the NSE, it climbed 6.32 per cent to Rs 2,123. TVS Motor Company on Wednesday said its net profit increased 15 per cent to Rs 387 crore for the fourth quarter ended March 2024, riding on robust sales. The company had reported a net profit of Rs 336 crore in the January-March period of the previous fiscal. Revenue from operations rose to Rs 10,042 crore in the period under review compared with Rs 8,031 crore in the fourth quarter of FY23. In the fourth quarter, the company said its overall two-wheeler and three-wheeler sales, including exports, grew by 22 per cent to 10.63 lakh units compared to 8.68 lakh units in the same period of the 2022-23 fiscal. For the year ended on March 31, 2024, the company posted a consolidated net profit of Rs 1,686 crore as against Rs 1,329 crore a year ago. Revenue from operations rose to Rs 39,145 crore in FY24 over Rs 31,974 crore in the 2022-23 fiscal. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/indegene-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/109952516.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/indegene-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/109952516.cms" target="_blank">Indegene IPO allotment – How to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/tech/apps/news/google-wallet-launched-in-india-store-your-loyalty-cards-boarding-passes-and-more/articleshow/109941139.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/apps/news/google-wallet-launched-in-india-store-your-loyalty-cards-boarding-passes-and-more/articleshow/109941139.cms" target="_blank">Google Wallet launched in India – store your loyalty cards, boarding passes and more</a><a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-april-2024-tata-punch-continues-to-dominate/slidelist/109909744.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-april-2024-tata-punch-continues-to-dominate/slidelist/109909744.cms" target="_blank">Top-selling cars in India in April 2024 – Tata Punch continues to dominate</a> <meta content="cms.next" name="cmsei" />

TVS Motor shares climb over 6% after March quarter earnings

The Indian auto retail sector recorded a robust 27 per cent year-on-year (YoY) growth for April 2024, according to Federation of Automobile Dealers Associations (FADA) Vehicle Retail Data. The report highlights positive market sentiments, driven by stable fuel prices, a positive monsoon outlook, festive demand, and the marriage season. According to FADA President Manish Raj Singhania, the two-wheeler (2W), three-wheeler (3W), passenger vehicle (PV), tractor (Trac), and commercial vehicle (CV) segments witnessed growth. Singhania said, "In April 2024, the Indian Auto Retail sector achieved a robust 27 per cent YoY growth. The two-wheeler (2W), three-wheeler (3W), passenger vehicle (PV), tractor (Trac) and commercial vehicle (CV) segments grew by 33 per cent, 9 per cent, 16 per cent, 1 per cent, and 2 per cent, respectively. While some attribute this growth to the shift in Navratri to April instead of March last year, the overall increase was significant. Comparing combined March and April 2024 with the same period last year shows a 14 per cent YoY growth for the entire industry." Singhania attributed this growth partly to the shift in Navratri to April from March last year, but noted that the overall increase was significant. When comparing combined March and April 2024 with the same period last year, the industry recorded a 14 per cent YoY growth. In the two-wheeler segment, significant growth was driven by improved supply and increasing demand for 125cc models. Positive market sentiments, supported by stable fuel prices and a favorable monsoon outlook, contributed to this rise. New model launches also played a role in driving growth, despite some delays in supply. The passenger vehicle category experienced double-digit YoY growth, aided by enhanced model availability and positive market sentiments, particularly around festive events like Navratri and Gudi Padwa. Despite strong bookings and customer flow, challenges such as high competition, excess supply, and discounting posed hurdles for sustained growth. Additionally, the lack of new models in some portfolios impacted market traction. The commercial vehicle segment showed a modest 2 per cent YoY growth and a 0.6 per cent month-on-month (MoM) decline, indicating varied market conditions. Positive momentum was found in bulk and corporate deals, as well as school bus demand, although elections dampened sentiment, leading customers to delay expansion plans. Limited finance options and regional challenges, such as water scarcity, further impacted performance. Looking ahead to May 2024, several positive indicators are shaping the near-term outlook. Improved vehicle supply and strategic planning in the two-wheeler segment have led to rising customer bookings and better market sentiment. In the passenger vehicle segment, new model launches and favorable monsoon forecasts are expected to stimulate customer interest. Challenges remain, with election uncertainty affecting market sentiment and financial constraints posing growth hurdles. Extreme temperatures and overcapacity in the commercial vehicle segment could further slow growth. Despite these challenges, the auto industry remains cautiously optimistic, with market opportunities arising from rising customer interest in new models. Monitoring election-related uncertainty and financial constraints will be crucial for navigating the evolving market effectively. (ANI) SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/google-has-silently-launched-the-pixel-8a-in-india-starting-at-52999/articleshow/109937286.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/google-has-silently-launched-the-pixel-8a-in-india-starting-at-52999/articleshow/109937286.cms" target="_blank">Google has silently launched the Pixel 8a in India starting at ₹52,999</a><a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-april-2024-tata-punch-continues-to-dominate/slidelist/109909744.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-april-2024-tata-punch-continues-to-dominate/slidelist/109909744.cms" target="_blank">Top-selling cars in India in April 2024 – Tata Punch continues to dominate</a><a href="https://www.businessinsider.in/tech/news/worldwide-tablet-shipments-grow-in-q1-2024-after-two-years-of-decline/articleshow/109876390.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/worldwide-tablet-shipments-grow-in-q1-2024-after-two-years-of-decline/articleshow/109876390.cms" target="_blank">Worldwide tablet shipments grow in Q1 2024 after two years of decline</a> <meta content="cms.next" name="cmsei" />

Indian auto retail sector records 27% YoY growth in April: FADA

<ul><li>The Indian electric two-wheeler industry has reported a significant decline in sales.</li><li>The decline comes amid an increase in prices due to the end of the FAME subsidy scheme.</li><li>Ola Electric has emerged as the market leader with over 50% market share.</li></ul> The sales of electric two-wheelers have come crashing down just a month after<a href="https://www.businessinsider.in/business/auto/news/indias-electric-two-wheeler-industry-records-highest-ever-monthly-sales-as-fame-subsidy-ends/articleshow/109030516.cms"> recording</a> the best-ever monthly sales numbers in March 2024. This comes amid the end of the FAME subsidy scheme which has resulted in an<a href="https://www.businessinsider.in/business/auto/news/electric-scooters-get-a-price-hike-of-up-to-16000-as-fame-subsidy-ends/slidelist/109136771.cms"> increase in prices</a> of electric scooters. While the boost in sales in March 2024 was fueled by an expected increase in prices and push by companies to sell more scooters before the end of FY, the significant decline might be a concern for EV makers. <cmsannotation type="cmsannotation" annotationid="Ola Electric grabs over 50% market share" comment="subhead" text="Ola Electric grabs over 50% market share">Ola Electric grabs over 50% market share</cmsannotation> Bhavish Aggarwal-led Ola Electric, which did not announce a price hike despite the reduction in subsidy recorded its highest ever market share at 51%. Ola Electric sold 33,062 vehicles in April 2024, up from 21,882 scooters sold in April 2023. While this is significantly lower than the 50,545 vehicles it sold in March 2024. The company sold 3,26,428 vehicles in FY24 with a market share of 35%. <cmsannotation type="cmsannotation" annotationid="TVS Motor comes in second but takes a big hit" comment="subhead" text="TVS Motor comes in second but takes a big hit">TVS Motor comes in second but takes a big hit</cmsannotation> TVS Motor continued to occupy the second position with 7,653 vehicles sold in April 2024, down from 8,728 vehicles sold in April 2023. The company had increased the prices of its electric scooters by up to ₹6,000 with the end of the FAME subsidy. The company had recorded its best-ever monthly sales of 26,478 vehicles in March 2024. The company sold 1,82,933 electric two-wheelers in FY24 and recorded a market share of 20%. <cmsannotation type="cmsannotation" annotationid="Bajaj Auto takes the third position" comment="subhead" text="Bajaj Auto takes the third position">Bajaj Auto takes the third position</cmsannotation> Bajaj Auto has taken over the third position from Ather Energy, recording sales of 7,515 vehicles in April 2024, up from 4,014 vehicles sold in April 2023. The company had announced a price hike of up to ₹12,000 after the end of the FAME subsidy scheme. In March 2024, the company sold 17,933 scooters, taking the total number of scooters sold in FY24 to 1,06,431. <cmsannotation type="cmsannotation" annotationid="Ather Energy takes a big hit" comment="subhead" text="Ather Energy takes a big hit">Ather Energy takes a big hit</cmsannotation> Ather Energy sold 4,052 vehicles in April 2024, down from 7,746 vehicles sold in April 2023. The company’s month-on-month performance also took a hit due as it increased the prices of its scooters by up to ₹16,000. The company had sold 17,221 vehicles in March 2024, registering its best-ever monthly numbers. The company sold 1,08,870 vehicles in FY24 and recorded a 12% market share. <cmsannotation type="cmsannotation" annotationid="EMPS replaces the FAME subsidy scheme" comment="subhead" text="EMPS replaces the FAME subsidy scheme">EMPS replaces the FAME subsidy scheme</cmsannotation> The popular FAME subsidy scheme, which offered subsidies to electric vehicles to boost their adoption has come to an end. This has been replaced by the new Electric Mobility Promotion Scheme (EMPS) 2024, which was announced during the<a href="https://www.businessinsider.in/finance/news/interim-budget-2024-speech-updates-and-highlights/articleshow/107313296.cms"> interim budget</a> in February and is valid for four months from April 2024. The EMPS 2024 scheme, which kicked off on April 1, 2024, is valid till July 31, 2024. As part of the scheme, the subsidy on electric two-wheelers has been set at ₹5,000 per kilowatt-hour of battery capacity with a capping of ₹10,000 per vehicle. This is lower than what was earlier offered with the FAME scheme. SEE ALSO: <a href="https://www.businessinsider.in/sports/webstories/t20-world-cup-here-are-the-squads-announced-by-major-participating-countries-so-far/slidelist/109787165.cms">T20 World Cup: Here are the squads announced by major participating countries so far</a> <a href="https://www.businessinsider.in/business/auto/news/april-auto-sales-hyundai-continues-to-hold-the-second-position-as-tata-motors-inches-closer/articleshow/109777834.cms">April auto sales – Hyundai continues to hold the second position as Tata Motors inches closer</a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-may-2024/slidelist/109723620.cms">Upcoming cars and two-wheelers launching in India in May 2024</a> <meta content="cms.next" name="cmsei" />

Electric two-wheeler sales crater in April 2024 as prices increase amid reduced subsidies

<ul><li>Maruti Suzuki continues to lead the Indian car market with over 40% market share.</li><li>Hyundai and Tata Motors occupied the second and third spots, with a marginal increase in sales.</li><li>Companies like Mahindra and Mahindra, Toyota and Honda recorded good growth in April 2024.</li></ul> Hyundai continued to occupy the second position in India’s car market, with Tata Motors taking the third position for the second consecutive month after capturing the second position for a month in February 2024. The reason why we are only talking about the second position in auto sales and not the top spot is because Maruti Suzuki continues to dominate it by a big margin. The Indian automaker enjoys a market share of over 40%. <cmsannotation type="cmsannotation" annotationid="Maruti Suzuki sales disappoint the market" comment="subhead" text="Maruti Suzuki sales disappoint the market">Maruti Suzuki sales disappoint the market</cmsannotation> Maruti Suzuki continued to dominate the Indian auto sales, reporting sales of 1,68,089 units. This includes the company’s domestic sales as well as exports. <div type="Article" hostid="261" msid="109030516" title="India’s electric two-wheeler industry records highest-ever monthly sales as FAME subsidy ends" mstype="2" mssubtype="0"></div> The company sold 1,37,952 passenger vehicles in April 2024, compared to 1,37,320 vehicles sold in April 2023. The flat sales disappointed the street, as the company’s share price fell by up to 2% during the day. The company’s utility vehicles such as the Brezza, XL6 and Ertiga received a boost in April 2024 when compared to last year. At the same time, its compact vehicles such as Baleno, Swift and WagonR reported a decline compared to April 2023. <cmsannotation type="cmsannotation" annotationid="Hyundai retains the second spot" comment="subhead" text="Hyundai retains the second spot">Hyundai retains the second spot</cmsannotation> Hyundai continued to occupy the second spot in the Indian car market with sales of 50,201 vehicles in April 2024, up from 49,701 vehicles sold in April 2023. Nearly 70% of the company’s sales have come from SUVs, with cars like Exter, Creta and Venue leading the numbers. <cmsannotation type="cmsannotation" annotationid="Tata Motors inches closer" comment="subhead" text="Tata Motors inches closer">Tata Motors inches closer</cmsannotation> Tata Motors reported sales of 47,983 vehicles in April 2024, up from 47,107 vehicles sold in April 2023, recording a slight increase. The company reported a growth of 2% in sales and is inching closer to the second spot. <cmsannotation type="cmsannotation" annotationid="Mahindra, Toyota and Honda report good growth" comment="subhead" text="Mahindra, Toyota and Honda report good growth">Mahindra, Toyota and Honda report good growth</cmsannotation> Mahindra and Mahindra reported a growth in domestic dispatches from 34,694 vehicles in April 2023 to 41,008 vehicles in April 2024, recording a growth of around 18%. Toyota sold 20,494 vehicles in April 2024, up from 15,510 vehicles sold in April 2023, recording a 32% year-on-year growth. Honda also recorded excellent growth, selling 10,867 vehicles in April 2024, up from 7,676 vehicles sold in April 2023. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/ev-sales-expected-to-grow-by-over-65-in-2024-double-its-overall-market-share/articleshow/109155691.cms">EV sales expected to grow by over 65% in 2024, double its overall market share</a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-may-2024/slidelist/109723620.cms">Upcoming cars and two-wheelers launching in India in May 2024</a> <a href="https://www.businessinsider.in/business/auto/news/mahindra-xuv-3xo-compact-suv-launched-in-india-starting-at-7-49-lakh/slidelist/109715525.cms">Mahindra XUV 3XO compact SUV launched in India starting at ₹7.49 lakh</a> <meta content="cms.next" name="cmsei" />

April auto sales – Hyundai continues to hold the second position as Tata Motors inches closer

Upcoming cars and two-wheelers launching in India in May 2024

Mahindra XUV 3XO compact SUV launched in India starting at ₹7.49 lakh

<ul><li>Maruti Suzuki India on Friday reported a 47.8% rise in net profit for the March quarter of FY24.</li><li>The auto maker reported a net profit of Rs 3,877.8 crore, on account of higher sales volume and favourable commodity prices.</li><li> The auto major had reported a net profit of Rs 2,623.6 crore in the year-ago period.</li></ul>The country's largest car maker Maruti Suzuki India on Friday reported a 47.8 per cent rise in net profit for the March quarter of FY24 to Rs 3,877.8 crore, on account of higher sales volume and favourable commodity prices. The auto major had reported a net profit of Rs 2,623.6 crore in the year-ago period, Maruti Suzuki India said in a regulatory filing. "For the first time, the company surpassed annual total sales milestone of 2 million units in FY24. The company continued to be the top exporter for the third consecutive year, now contributing 41.8 per cent of total passenger vehicle exports from India," the company stated. Maruti Suzuki shares were trading at Rs 12,687.05 apiece at the day's close, down 1.7 per cent from its previous close on the BSE. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/webstories/ultraviolette-f77-mach-2-electric-sports-bike-launched-in-india-starting-at-2-99-lakh/slidelist/109615934.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/ultraviolette-f77-mach-2-electric-sports-bike-launched-in-india-starting-at-2-99-lakh/slidelist/109615934.cms" target="_blank">Ultraviolette F77 Mach 2 electric sports bike launched in India starting at ₹2.99 lakh</a><a href="https://www.businessinsider.in/tech/mobile/news/realme-c65-5g-with-5000mah-battery-120hz-display-launched-starting-at-10499/articleshow/109619597.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/realme-c65-5g-with-5000mah-battery-120hz-display-launched-starting-at-10499/articleshow/109619597.cms" target="_blank">Realme C65 5G with 5,000mAh battery, 120Hz display launched starting at ₹10,499</a><a href="https://www.businessinsider.in/tech/news/jiocinema-introduces-new-ad-free-premium-plans-starting-at-29/articleshow/109581033.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/jiocinema-introduces-new-ad-free-premium-plans-starting-at-29/articleshow/109581033.cms" target="_blank">An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema</a> <meta content="cms.next" name="cmsei" />

Maruti Suzuki Q4 net profit rises 47.8% to ₹3,877.8 crore

South Korean auto major Hyundai Motor Group on Thursday said it is looking to expand the annual production capacity across Hyundai and Kia brands in India to 15 lakh units per year, as part of its mid-to-long-term strategy in the country. Outlining the company's strategy for the India market, Hyundai Motor Group (HMG) Executive Chair Euisun Chung said the automaker plans to roll out more EVs, while also utilising the country as an export hub for the neighbouring countries. Chung visited India on April 23 to review the group's mid-to-long-term strategies to solidify its position as a leading mobility provider. Hyundai Motor Group is expanding its manufacturing footprint in the Indian region with the establishment of an annual production system of 1.5 million vehicle units for Hyundai Motor India and Kia India combined, the automaker stated. Hyundai Motor India will start operating its Pune plant, acquired from General Motors last year, in the second half of the next year. Hyundai Motor is currently making improvements to the facility to create a production hub capable of building more than 200,000 units annually, it said. With the addition of the Chennai plant's production capacity of 824,000 units, Hyundai Motor will have an annual production capacity of over one million units when combined with the Pune plant, it added. Besides, Kia India's yearly production capacity will also be expanded to 431,000 units within the first half of this year. "Combined together, Hyundai Motor Group will have the ability to produce approximately 1.5 million units annually in India," HMG said. The group also plans to expand its EV lineup and create an EV ecosystem to accelerate customer uptake and expand charging infrastructure. It will also strengthen its SUV sales leadership in India, HMG said. Hyundai Motor India plans to unveil its first locally produced EV in India next year, it said. Starting with the mass production of its first electric SUV model at the Chennai plant at the end of 2024, the company plans to further produce five EV models by 2030, it added. Hyundai Motor India will also utilize its sales network hubs, expanding the number of EV charging stations to 485 by 2030, HMG said. Kia India will also start production of its local EV model in 2025 and plans to further expand its EV models, it added. The company will also focus on building EV charging infrastructure, it stated. "India is among the fastest-growing economies globally, and as this growth continues the strategic importance of Hyundai Motor India will only increase," Chung said while addressing employees in a town hall meeting. He further said, "by leveraging our strong reputation and competitive quality in India, we aim to expand exports to neighbouring countries, making India the global export hub to boost our regional market competitiveness." Chung said that by around 2030, the automaker expects to see a substantial expansion in the EV market in India. "In anticipation of this evolution, Hyundai is focused on developing locally tailored EVs aimed at establishing us as a leading global EV brand," he added. "We also plan to proactively build charging stations at strategic locations 'including dealerships' to facilitate the adoption of EVs," Chung said. Hyundai Motor India sells models like Creta, Verna while Kia India sells models like Seltos, Carens and Sonet in the country. SEE ALSO:<a href="https://www.businessinsider.in/tech/news/jiocinema-introduces-new-ad-free-premium-plans-starting-at-29/articleshow/109581033.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/jiocinema-introduces-new-ad-free-premium-plans-starting-at-29/articleshow/109581033.cms" target="_blank">An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema</a><a href="https://www.businessinsider.in/tech/mobile/news/realme-narzo-70-narzo-70x-5g-smartphones-launched-in-india-starting-at-11999/articleshow/109557895.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/realme-narzo-70-narzo-70x-5g-smartphones-launched-in-india-starting-at-11999/articleshow/109557895.cms" target="_blank">Realme Narzo 70, Narzo 70X 5G smartphones launched in India starting at ₹11,999</a><a href="https://www.businessinsider.in/tech/news/apple-let-loose-event-scheduled-for-may-7-ipads-expected-to-be-launched/articleshow/109553148.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/apple-let-loose-event-scheduled-for-may-7-ipads-expected-to-be-launched/articleshow/109553148.cms" target="_blank">Apple Let Loose event scheduled for May 7 – New iPad models expected to be launched</a> <meta content="cms.next" name="cmsei" />

Hyundai plans to scale up production capacity, introduce more EVs in India

German automaker Audi on Thursday said it will hike prices of its model range in India by up to 2 per cent from June, in order to offset the impact of rising input and transportation costs. The price hike will be effective from June 01, 2024, the automaker said in a statement. "Rising input costs are compelling us to increase prices by up to 2 per cent effective June 1, 2024," Audi India Head Balbir Singh Dhillon said. The price correction aims to ensure sustainable growth for the automaker and its dealer partners, he added. "It's our endeavour that the impact of rising costs is as minimal as possible for our customers," Dhillon said. Audi India retailed 7,027 units in FY24 posting an overall 33 per cent sales growth. The company sells models like A4, Q3, Q5, RS Q8 in India. SEE ALSO:<a href="https://www.businessinsider.in/tech/news/jiocinema-introduces-new-ad-free-premium-plans-starting-at-29/articleshow/109581033.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/jiocinema-introduces-new-ad-free-premium-plans-starting-at-29/articleshow/109581033.cms" target="_blank">An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema</a><a href="https://www.businessinsider.in/tech/mobile/news/realme-narzo-70-narzo-70x-5g-smartphones-launched-in-india-starting-at-11999/articleshow/109557895.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/realme-narzo-70-narzo-70x-5g-smartphones-launched-in-india-starting-at-11999/articleshow/109557895.cms" target="_blank">Realme Narzo 70, Narzo 70X 5G smartphones launched in India starting at ₹11,999</a><a href="https://www.businessinsider.in/tech/news/apple-let-loose-event-scheduled-for-may-7-ipads-expected-to-be-launched/articleshow/109553148.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/apple-let-loose-event-scheduled-for-may-7-ipads-expected-to-be-launched/articleshow/109553148.cms" target="_blank">Apple Let Loose event scheduled for May 7 – New iPad models expected to be launched</a> <meta content="cms.next" name="cmsei" />

Audi to hike vehicle prices by up to 2% from June

Vehicle safety group Global NCAP on Tuesday said it has given one star safety rating to Mahindra Bolero Neo for adult and child occupant safety. The UK-based group also accorded two stars to Honda Amaze for adult and zero stars for child occupant safety. It also gave three stars in adult safety and five stars for child occupants to Kia Carens after the latest round of crash tests. The highest score on a vehicle crash test is five stars, while the lowest score is zero stars. "We were disappointed to see Mahindra's one star rating for the Bolero Neo. This falls well below the safety performance we have come to expect from the manufacturer," Global NCAP Secretary General Alejandro Furas said in a statement. Mahindra &amp; Mahindra said the company is committed to deliver vehicles that ensure the safety and satisfaction of customers and users. Bolero Neo has always complied with safety regulations that have been introduced over time and continues to be fully compliant with the latest Indian safety standards, it said. "As we are constantly innovating and improving our vehicles to exceed safety regulations, we want to assure our customers and stakeholders that Mahindra has significantly enhanced safety features in all our recent launches," the auto major stated. Models like Thar, XUV700, XUV300, and Scorpio-N have been recognised with high safety ratings of 4- and 5-star by the Global NCAP, reflecting the company's ongoing commitment to safety. Furas said there has been an improvement in Kia's rating for the Carens since its original test when the model scored a zero rating for adult occupant protection. "However, we were expecting a better performance in the retest given the Carens is fitted with six airbags as standard," he added. On Honda Amaze, Furas stated: "Regrettably Honda did not take the opportunity to update the Amaze with more safety features which explains its disappointing score." Commenting on the development, Honda Cars India said the South Africa spec second generation Amaze has already been tested as four star by GNCAP in 2019. "The latest test basis new protocol shows that the total score is of five-star level. "However, mainly due to the requirement of certain equipment like electronic stability control and side curtain airbags, it resulted in lower rating," the automaker said in a statement. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8a-may-be-more-expensive-than-its-predecessor-as-per-a-new-leak/articleshow/109499394.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8a-may-be-more-expensive-than-its-predecessor-as-per-a-new-leak/articleshow/109499394.cms" target="_blank">Google Pixel 8a may be more expensive than its predecessor, as per a new leak</a><a href="https://www.businessinsider.in/tech/mobile/webstories/best-smartphones-under-25000-in-india/slidelist/109529634.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/best-smartphones-under-25000-in-india/slidelist/109529634.cms" target="_blank">Best smartphones under ₹25,000 in India</a><a href="https://www.businessinsider.in/sports/webstories/at-17-indian-chess-prodigy-d-gukesh-becomes-youngest-challenger-for-world-championship/slidelist/109492021.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/at-17-indian-chess-prodigy-d-gukesh-becomes-youngest-challenger-for-world-championship/slidelist/109492021.cms" target="_blank">At 17, Indian chess prodigy D Gukesh becomes youngest challenger for World Championship</a><meta content="cms.next" name="cmsei" />

Global NCAP accords low safety rating to Bolero Neo, Amaze

The government on Tuesday said it received bids from seven companies including Reliance Industries and JSW Neo Energy for production-linked incentives to set up battery manufacturing facilities of 10 GWh capacity with an outlay of Rs 3,620 crore. The other bidders on the list included ACME Cleantech Solutions Private Limited, Amara Raja Advanced Cell Technologies Private Limited, Anvi Power Industries Private Limited, Lucas TVS Limited, and Waaree Energies Limited. The bids for manufacturing facilities with a cumulative capacity of 70 GWh came in response to a global tender issued by the Heavy Industries Ministry on January 24 this year. "The scheme received an overwhelming response from industry as bids received is 7 times the manufacturing capacity of 10 GWh to be awarded," the ministry stated. The ministry had announced the re-bidding of Production Linked Incentives (PLI) for 10 GWh Advanced Chemistry Cell (ACC) manufacturing. The pre-bid meeting was held on 12 February. The last date for receiving applications was April 22 and the technical bids were opened on Tuesday. In May 2021, the Union Cabinet had approved the PLI scheme for the National Programme on ACC battery storage with an outlay of Rs 18,100 crore. The scheme aims to achieve domestic manufacturing capacity of 50 Giga Watt hours (GWh) of battery storage. The first round of bidding was concluded in March 2022 and three companies were allocated a total capacity of 30 GWh. The agreement with selected companies was signed in July 2022. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8a-may-be-more-expensive-than-its-predecessor-as-per-a-new-leak/articleshow/109499394.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8a-may-be-more-expensive-than-its-predecessor-as-per-a-new-leak/articleshow/109499394.cms" target="_blank">Google Pixel 8a may be more expensive than its predecessor, as per a new leak</a><a href="https://www.businessinsider.in/tech/mobile/webstories/best-smartphones-under-25000-in-india/slidelist/109529634.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/best-smartphones-under-25000-in-india/slidelist/109529634.cms" target="_blank">Best smartphones under ₹25,000 in India</a><a href="https://www.businessinsider.in/sports/webstories/at-17-indian-chess-prodigy-d-gukesh-becomes-youngest-challenger-for-world-championship/slidelist/109492021.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/at-17-indian-chess-prodigy-d-gukesh-becomes-youngest-challenger-for-world-championship/slidelist/109492021.cms" target="_blank">At 17, Indian chess prodigy D Gukesh becomes youngest challenger for World Championship</a> <meta content="cms.next" name="cmsei" />

Reliance, JSW Neo Energy and 5 others bid for govt incentives to set up battery manufacturing units

<ul><li>Ather Energy has launched the Rizta, the company’s new family electric scooter in India.</li><li>The Ather Rizta starts at around ₹1,09,999 while the TVS iQube is priced at ₹1,36,628 (ex-showroom, Bengaluru).</li><li>In this post, we compare the new Ather Rizta with the TVS iQube.</li></ul>Ather Energy earlier this month<a href="https://www.businessinsider.in/business/auto/news/ather-rizta-electric-scooter-launched-in-india-starting-at-rs-109999/articleshow/109128809.cms"> launched the Rizta</a>, the company’s electric scooter aimed at customers looking for a family-oriented scooter. Rizta marks the company’s entry into the family scooter segment from the performance scooter segment. The Ather 450X has been one of the most popular electric scooters in the country and the company aims to imitate the success of the Rizta. The new launch offers a more traditional design, aimed at attracting customers looking for a family scooter. With this, the Rizta takes on the TVS iQube, which has been consistently performing well since its launch in the country. The TVS iQube features a traditional scooter design while offering all the benefits of an electric scooter, including things like navigation, music control and more. If you are in the market for an electric scooter and are confused about which scooter should you go for, we have you covered. In this post, we compare the new Ather Rizta with the TVS iQube to help you decide which scooter you should buy. <cmsannotation type="cmsannotation" annotationid="Ather Rizta vs TVS iQube price" comment="subhead" text="Ather Rizta vs TVS iQube price">Ather Rizta vs TVS iQube price</cmsannotation> The Ather Rizta has been priced at ₹1,09,999 (ex-showroom, Bengaluru) for the Rizta S, ₹1,24,999 for the Rizta Z 2.9kWh and ₹1,44,999 for the Rizta Z 3.7kWh. On the other hand, the TVS iQube is priced at ₹1,36,628 (ex-showroom, Bengaluru) for the standard variant and ₹1,46,420 for the iQube S variant. Do note that you will have to separately get the Pro Pack with the Ather Rizta, which will increase the price by up to ₹20,000. The Pro Pack is essential for several features offered with the Rizta, making it an almost compulsory purchase. The Pro Pack is priced at ₹10,000 for the Rizta S, ₹18,000 for the Rizta Z 2.9kWh variant and ₹20,000 for the Rizta Z 3.7kWh variant. <cmsannotation type="cmsannotation" annotationid="Design" comment="subhead" text="Design">Design</cmsannotation> In terms of design, the Ather Rizta comes with an all-new design, looking completely different from the Ather 450X. The company has claimed that the seat offered with the Rizta is the biggest in the segment. The Rizta supports several accessories, including a frunk, a backrest, a boot storage organiser and more. The scooter offers a boot space of 34L. The TVS iQube features a traditional design and is identical to the company’s ICE scooter, the TVS Jupiter. The scooter offers a large seat and a boot space of 32L. The Rizta feels more premium in terms of design when we compare it with the iQube. <cmsannotation type="cmsannotation" annotationid="Performance" comment="subhead" text="Performance">Performance</cmsannotation> If you are buying an electric scooter, you are guaranteed to get much better performance when compared to petrol scooters. The Ather Rizta is equipped with a 4.3kW motor that delivers a peak torque of 22 Nm. It offers a top speed of 80 km per hour and can go from 0 to 40 km per hour in just 4.7 seconds. The TVS iQube S is equipped with a 4.4 kW BLDC Hub motor that delivers a peak torque of 33 Nm. The scooter offers a top speed of 78 km per hour and goes from 0 to 40 km per hour in 4.2 seconds. <cmsannotation type="cmsannotation" annotationid="Range" comment="subhead" text="Range">Range</cmsannotation> Range is one of the most important things you need to look at while going for an electric scooter. Unlike petrol scooters, you cannot just top-up your scooter in a minute, unless the scooter supports battery swapping. The Ather Rizta is claimed to offer a range of 123 km on the 2.9kWh variant and 160 km on the 3.7kWh variant. The company has said the True Range for the 2.9kWh variant is 105 km and for the 3.7kWh variant is 125 km. Both the variants of the iQube offer a range of 100 km. While Rizta’s range looks significantly higher at first look, do note that while Rizta’s range is the IDC-certified range, the iQube’s mentioned range is the real-world range and the actual certified range is 145 km. The Rizta’s true range is close to the iQube. <cmsannotation type="cmsannotation" annotationid="Battery and charging time" comment="subhead" text="Battery and charging time">Battery and charging time</cmsannotation> The Ather Rizta comes in two battery variants – 2.9kWh and 3.7kWh. The 2.9kWh variant is equipped with 350W charges and fully charges the scooter in 8 hours and 30 minutes. The 3.7kWh variant is equipped with a 700W charger and takes 6 hours and 10 minutes for a full charge. Rizta S customers can purchase the 700W charger to reduce the charging time. The TVS iQube S is equipped with a 3.4kWh battery pack and can be fully charged in 5 hours and 20 minutes using the 650W charger provided by the company. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/ev-sales-expected-to-grow-by-over-65-in-2024-double-its-overall-market-share/articleshow/109155691.cms">EV sales expected to grow by over 65% in 2024, double its overall market share</a> <a href="https://www.businessinsider.in/business/auto/news/ather-rizta-electric-scooter-launched-in-india-starting-at-rs-109999/articleshow/109128809.cms">Ather Rizta launched in India as the Hero MotoCorp-backed EV forays into the family scooter segment</a> <a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-march-2024/slidelist/109066534.cms">Top selling cars in India in March 2024 – Tata Punch leads the pack</a> <meta content="cms.next" name="cmsei" />

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