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Automobile manufacturer Toyota Kirloskar Motor on Tuesday reaffirmed its commitment to India as being an integral part of the company’s global strategy. The company’s statement comes after a report by Bloomberg cited that future investments by the auto maker might stop given the high tax incidence in India.
Prime Minister Narendra Modi is keen to reduce imports to boost local manufacturing to make India more self-sufficient and enable it to play a bigger role in the global supply chain. New rules mandating stricter quality checks have been flagged in stages for various auto parts since early this year and tighter regulations for wheel rims could be introduced as soon as October, according to a draft government notice.
Piaggio India on Tuesday launched the special-edition Vespa Racing Sixties in 125 and 150 CC in India. The new Vespa special series, have been based on the technologically advanced Vespa SXL 150 BS6 and SXL 125 BS6. The “Racing Sixties” edition was unveiled at Auto Expo 2020 in Greater Noida at the beginning of the year.
Italian luxury superbike manufacturer, Ducati has launched the Panigale V2 in India starting at Rs 16.99 lakh (ex-showroom). Ducati Panigale V2 will draw power from a 955 cc Superquadro, twin-cylinder engine that makes 155 PS and 104 Nm of peak torque and is the first BS6 launch of the year for the Italian manufacturer.
Superbike manufacturer Ducati will launch the Panigale V2 in India on August 26, the company announced on Monday. It would be the company’s first launch in the current year. Ducati has already started accepting the pre-bookings for the new bike. It can be booked against an initial amount of Rs 1 lakh. The Panigale V2 is an all-new motorcycle from the ground up and will become the entry model into the revered Panigale superbike family.
Zoomcar, India’s largest personal mobility platform, is currently seeing a 400% rise in demand of short-term mobility and expects this to settle down at 200%-300% over the next few months. The rise in demand has been noted for cars for personal work and emergency use cases. Rentals for intercity travel are up and a lot of people are opting for one way travel, a top official said.