Business Bureau

Toyota Kirloskar Motor reported a 19% increase in June 2023 sales, reaching 19,608 units, compared to 16,512 units in the same period last year. Domestic sales reached 18,237 units, while exports accounted for 1,371 units.TKM maintained its robust sales momentum from January to June in CY 2023 by selling a total of 1,02,371 units, surpassing the figures of 75,017 units sold in the same period last year thus resulting in a growth of 36%.  Furthermore, company’s solid performance also reflected in the sales achieved in the first quarter of the current Financial Year (FY) with a 33% increase by selling…

Toyota Kirloskar Motor (TKM) reinforcing its commitment to the ‘Global Environmental Challenges 2050’,has inaugurated the 27.2 MW Group Captive Solar and Wind Renewable Energy Project, which is established through a joint venture with ReNew Energy Global Plc, located at Kudligi Taluk, Vijaynagara district of Karnataka State, home to TKM’s existing solar plant. The momentous occasion was graced by the representatives from Toyota Kirloskar Motor, Mr. Sudeep S. Dalvi, Senior Vice President, Director and Chief Communication Officer and other officials. With the inauguration of the 27.2 MW Group Captive Solar and Wind Renewable Energy Project, TKM’s total cumulative green energy adoption…

Toyota Kirloskar Motor (TKM) has launched the "Scholarship Program for Technical Education And Recognition" (STAR) to support students who have completed 10th standard but cannot pursue higher studies in technical institutes. The program aims to develop the untapped potential of the North, East, and North-East regions, benefiting students from challenging economic backgrounds across 11 states. The event was attended by Chief Guest Shri Jayanta Mallabaruah, Assam Minister of Public Health Engineering, and Toyota Kirloskar Motor CEO Vikram Gulati. TKM's STAR initiative aims to enhance talented individuals' skills in advanced technologies for the growing automotive sector. Scholarships up to Rs 51,000…

Tata Motors, India’s leading vehicle manufacturer has announced that it will increase prices of its passenger vehicles (ICE and EVs), effective from July 17, 2023, on an average of 0.6% across models and variants. The price increase is to offset the residual impact of the past input costs.  Tata Motors will offer price protection to bookings made up to July 16, 2023 and deliveries up-to July 31, 2023. For more information on the product, please visit – https://cars.tatamotors.com/.

Tata Motors Limited sales in the domestic & international market for Q1 FY 2023-24 stood  at 2,26,245 vehicles, compared to 2,31,248 units during Q1 FY 2022-23. Domestic sales performance changed from June'22 to June'23, recorded 79606 and 80383 respectively with a 2% increase in Q1 FY24. Domestic sale of MH&ICV in June 2023, including trucks and buses, stood at 13,980 units compared to 13,366 units in June  2022; while in Q1 FY24 it stood at 34,256 units, compared to 37,491 units in Q1 FY23.  Total CV for Q1 FY24 stood at 85,795 compare to Q1 FY23 100921 units, with a…

Nissan Motor India Pvt. Ltd. (NMIPL) has announced wholesales of 5832 units for the month of June 2023. Domestic wholesales stood at2552 units, while export whole sales stood at 3280units. Nissan Magnite has produced its 100,000th Magnite at the Alliance plant in Chennai. The best-selling vehicle is available in 16 variants, with the base model being the XE and the top variant being the Turbo CVT XV Premium (O).  Its competitive pricing and value proposition make it a strong choice in the BSUV segment. Nissan introduced the Nissan Magnite GEZA Special Edition at INR 7,39,000, offering an advanced infotainment system,…

Kia India, India's premium carmaker, has announced the release of the new Seltos on July 4th. The refreshed vehicle will feature enhanced segment-leading features and a refreshed design, marking a new revolution in the automobile industry. The teaser was released on June 30th, 2023. Kia forayed into the Indian market with the launch of Seltos in August 2019 and won the hearts of India's new-age consumers. In a remarkably short span of 46 months, the Seltos became the fastest SUV to cross the 5-lakh sales milestone. Currently, 3.78 Lakh Seltos are running on Indian roads, accounting for 53% of KIN's…

Tata Motors, India’s leading automobile manufacturer and the pioneer of India’s EV evolution, continues to exhibit significant growth across the state of West Bengal with a market share of 90% in FY23. The portfolio experienced a 13% growth in rural areas in April 2023, driven by increased EV awareness, expanding charging infrastructure, strategically placed stations, a strong network of 55 sales outlets, 11 authorized service setups, and positive customer word of mouth. Tata Motors' Tiago.ev, the latest EV entry, has democratized electric vehicles and expanded to new cities in India. It became the fastest booked EV, reaching 20,000 bookings in…

Lt Gen (Dr) M D Venkatesh, Vice Chancellor of Manipal Academy of Higher Education (MAHE), inaugurated a three-day hands-on workshop on 3D bioprinting for biomedical applications at Manipal Centre for Biotherapeutics Research. The workshop is the first of its kind in Manipal, focusing on G code generation, 3D structure design, and 3D bioprinting software. Dr. Sharath K Rao, Pro Vice Chancellor of Health Sciences at MAHE, discussed 3D printed bone implants for orthopaedic applications and hoped for its widespread application in medical and food industries. He noted the rapidly growing 3D printing of meat. Sumant Bhutoria, CEO of Alfatek Systems,…

IBM (NYSE: IBM) announced the signing of a Memorandum of Understanding (MoU) with the Directorate General Resettlement (DGR), to engage ex-servicemen in work opportunities and facilitate their seamless integration into the civilian workforce. Through this MoU, IBM will collaborate with DGR to tap into the rich talent pool ofex-servicemen for relevant job opportunities that may continue to arise at the company and/or its affiliates. IBM and DGR aim to bridge the gap between military service and civilian employment by offering veterans professional growth and personal development opportunities. They will collaborate to identify ex-servicemen with suitable skills for open positions, and…