Auto Roundup: Dive into this week’s whirlwind of automotive developments. Highlights include the launch of the world’s first CNG bike, the Bajaj Freedom 125, sales reports of automotive companies like Kia, Mahindra, Ola Electric, Bajaj, and much more. Stay updated with all the key automotive news of the week.
Electric 2-wheelers surge in growth, Ola Electric’s market share declines: Report
The Indian two-wheeler sector has seen a rise in electric vehicle (EV) penetration over the past two months, following a significant reduction in incentives in April. According to a report released on Thursday, Ola Electric has lost market share during this period, while TVS Motor Co Ltd (TVSL) has gained.
Read More: Electric 2-wheelers see growth in last 2 months, Ola Electric loses market share: Report
Bajaj launches world’s first CNG bike, Freedom 125, in India
Bajaj Auto, a leading manufacturer in the two-wheeler industry, has introduced the world’s first CNG bike, the Freedom 125, in India. This innovative bike aims to cut running costs by half.
Hero MotoCorp introduces limited edition Centennial bike in India
Hero MotoCorp has launched a limited edition of its popular Karizma bike in India. Named ‘The Centennial,’ this special edition commemorates the legacy of the company’s founder chairman, Dr. Brijmohan Lal Munjal. While based on the Karizma platform, the Centennial features numerous cosmetic upgrades but retains the original powertrain.
Read More: Hero MotoCorp introduces limited edition Centennial bike in India
TVS Motor sees 8% increase in domestic 2-wheeler sales, Bajaj auto grows by 7%
Auto majors in India, including Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hero MotoCorp, Bajaj Auto, TVS Motor Company, Eicher Motors, and Ashok Leyland, are set to release their sales reports for June 2024 starting July 1. Both investors and analysts will closely monitor these reports to assess the overall health of the country’s automobile sector across various segments, including passenger vehicles, commercial vehicles, motorcycles, scooters, and electric vehicles.
Mahindra adds new features to Scorpio-N Z8 range
Mahindra has announced the addition of several new features to its Scorpio-N Z8 range, enhancing the appeal of this popular SUV line. The range includes three variants: Z8 S, Z8, and Z8 L, each offering unique upgrades to cater to diverse customer preferences. The starting price for the Scorpio-N Z8 range is set at Rs 17.09 lakh (ex-showroom).
Read More: Mahindra introduces new features in Scorpio-N Z8 range, details inside
Volkswagen opens first certified pre-owned store in Coimbatore
German automaker Volkswagen has launched its first brand store under the Certified Pre-Owned business segment in Coimbatore, Tamil Nadu. The company has rebranded its used car business from ‘Das WeltAuto’ to ‘Volkswagen Certified Pre-Owned’ cars, in line with the brand’s global transition.
Read More: Volkswagen launches first certified pre-owned store in Coimbatore
Land Rover introduces Defender Octa in India
Land Rover, owned by Tata Motors, has unveiled the Defender Octa, the latest and most powerful addition to the Defender family, in India. This high-performance SUV is set to make its debut at the 2024 Goodwood Festival of Speed from August 11-14. Bookings and deliveries for the Defender Octa will commence soon.
Read More: Land Rover introduces Defender Octa in India; price, features, mileage, all details
