Baja Auto, makers of two and three wheelers in the country, besides quadricycles, will be enhancing its production capacities of 3 wheelers and quadricycles to 1 million per year. Bajaj Auto’s decision follows an announcement made by Transport Minister Nitin Gadkari to move towards a “no-permit” regime for auto rickshaws powered by alternate fuels. The Minister made this announcement at the annual convention of the Society of Indian Automobile Manufacturers (SIAM) in the Capital.
In a communication released to the media, Rakesh Sharma, Chief Commercial Officer, Bajaj Auto, stated that the Minister’s “announcement is a further fillip for the Bajaj Qute, which comes with CNG / LPG fuel options, as more and more state governments approve the Qute for taxi applications”.
He stated that over the last 12 months, there has been an up-surge in three-wheeler demand in India, owing mainly to permits released in Maharashtra, Karnataka, AP and Delhi. Consequently during the period September 2017 to August 2018, Bajaj Auto has sold 435,000 three wheelers representing a growth of 88% and has strengthened its leadership in this segment.
Bajaj is the market leader with 86% market share in the alternate fuel 3 wheelers and is therefore delighted with this development, he added. “Alongside, our three-wheeler and Qute volumes in international markets continue to grow at a good clip of 65% YTD,” he noted. To capitalize on these positive developments, Bajaj will shortly enhance its production capacities of 3 wheelers and Quadricycles to 1 million per year, his statement read.
Wabco Holdings Inc, announced that, among a range of new trailer technologies on show, it will launch the industry’s first global modular braking platform covering all types of trailers at the IAA Commercial Vehicles 2018.
This latest breakthrough in trailer braking systems design furthers Wabco’s worldwide leadership in intelligent trailer technologies by offering trailer builders and commercial fleets the industry’s most comprehensive portfolio of safety and efficiency functions specifically for trailers.
Wabco will showcase how its brand promise of “Mobilizing Vehicle Intelligence” for trucks and trailers is delivering pioneering innovations and integrating critical vehicle control systems to equip original equipment manufacturers (OEMs) and commercial fleets around the world with the advanced safety, efficiency and connectivity technologies necessary to support the industry’s migration towards fully-autonomous, connected and electric vehicles.
Addressing the increasing demand for technologies that will contribute to green transportation solutions, Wabco will also unveil its eTrailer-prototype at IAA 2018
Tyre major Ceat has partnered with MG Motors India for the launch of the MG Comet, the newest electric vehicle (EV) in India. As part of this partnership, Ceat will provide tyres for the MG Comet with...
Hyundai Motor India Limited has showcased exciting new 1st in segment features of Hyundai Exter. Customers can soak in the sights with smart electric sunroof while also capturing and chronicling memor...
Within the main technologies introduced at Auto Shanghai 2023– booth located in Hall 1.2H, Stand 1BF015– Marelli is presenting for the first time its “In-Cabin Advanced Technology Showcase”. This is a...