#Three-Wheeler Market Share

[market-insights-report]

The India electric three-wheeler market size reached US$ 890 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,156 Million by 2028, exhibiting a growth rate (CAGR) of 15.8% during 2023-2028.

[t1oui]

what's up tumblr (yet another blog intro)

hi everyone, i'm tas, and i post a lot of hp stuff

intersex terms masterlist | clicks | vetted fundraiser masterlist | info about project 2025 | more vetted fundraisers | vetted fundraiser spreadsheet

hi everybody, you can call me tas or tloui and my pronouns are he/it. i'm aroace and a trans guy and would prefer not to share my age on here

i mostly post about harry potter on here (for next gen, marauders era, and lightning era), but here are other things i might post for sometimes:

percy jackson & other riordianverse books

red, white & royal blue and i kissed shara wheeler (and inevitably one last stop when i finally read it)

hermitcraft/life series stuff (shout out to people who got the reference in my bio)

other random reblogs/posts

you can find my ao3 here!

featured tags:

hp, hp fandom, & harry potter fandom: every harry potter-centered post i make (across all eras) will go under at least one of these tags, but usually all three.

pjo hoo toa: this is the tag that i put all riordianverse-centered posts under

here's a masterpost of all my wip tags (criminal au, criminal au 2, muggle hs au, small town au, farmers market au)

harry x cedric x cho & cherry: posts about, you guessed it, the polyam ship between harry, cedric, and cho. i talk about them semi-frequently bc i love them <3

anyways, ty all for reading :) if i think of anything else to add on here i will, but right now i think this is good.

bye

p.s.: here’s a guide to writing alt text (not mine) for anyone who needs it.

[unfriendlyamazon]

dueling dragons chapter 2 (wip)

i promise i haven't forgotten about this!! i think i need to spend an hour just plotting things out, but i'm still in the honeymoon phase of a new relationship... i think i finally have an intro i don't hate, so i'm sharing it here as a little bonus content for my fellow kaijou followers!

It had been a hell of a day at Kaiba Corp, and for Yuuto Tanaka, personal assistant to Seto Kaiba himself, he knew hell.

The man was on a rampage today. His first three calls in the morning, he’d chewed out the other executives and given his ultimatums for how they would interact with Kaiba Corp. Inevitably, it would mean sending out the other teams to do damage control and ensure their partners that not every interaction would be like this. It was an outright lie, but egos had to be soothed. For lunch, Tanaka delivered Kaiba’s protein shake as he smashed away on his keyboard, rewriting lines of code he was sure their development team had screwed up. Statistics were delivered, presentations scheduled, and then it was 2:00. Tanaka had been dreading this meeting most of all.

Tanaka hadn’t been around for the Battle City days. He’d only known of Duel Monsters and Kaiba Corp in passing, and from the few international incidents they’d caused, but on moving to Domino City and entering the working world, it’d become unavoidable. He’d known Seto Kaiba and Yugi Muto were the titans of Duel Monsters, their statues holding the foundation for what the game would become, and then there was Joey Wheeler. He’d retained a sort of underdog status thanks to his play style, and his wins were never guarantees. Tanaka only really knew, when he sat behind Seto Kaiba at dueling tournaments, that his boss would regard the field with disdain, and his commentary would get more animated with each card Joey Wheeler played. The two hated each other, that much was clear. What wasn’t clear was exactly why.

When marketing had presented their proposal, Tanaka had figured it would go down in flames. But Isono had worked his magic, and now Tanaka trailed behind Kaiba towards the conference room, where they were greeted by bright eyes, a big smile, and a mess of blond hair.

“Afternoon, Kaiba,” Mai Valentine said. “I was worried you weren’t going to make it.”

The woman sat casually on the end of the conference table. A purple dress hugged her hourglass figure, and a cropped blazer rested on her shoulders. Kaiba stopped in his tracks on seeing her. Sitting in a chair behind her was Joey Wheeler, a smile on his face. He was dressed casually, but with a button up shirt and a brush taken to his hair to suggest professionalism.

Kaiba’s brows twisted up. “What are you doing here?”

“So polite,” she said with a smirk and stuck out her hand. “I’m here as representative for Mr. Joey Wheeler. I’m his agent.”

Kaiba did not take her hand. He remained standing as Tanaka retrieved a chair, unlocking his tablet to take notes. Two lawyers sat at the other end of the table, and Miss Nakamura sat up in her chair, hands folded over the welcome packet reserved for new duelists. Tanaka gave her a smile, and she nodded back.

“Fine,” Kaiba said. “We can begin.”

“Oh, no, we can’t.” Mai picked up the contract that had been forwarded to her, and it was clear she’d marked it with red pen. “When Joey informed me of the nature of your proposal, I took a second look at this. I know Kaiba Corp is used to having total control over their duelists, but you’ve made it clear this isn’t another sponsorship deal. Miss Nakamura was kind enough to show me the drafts.”

Junko’s smile faltered. The lawyers looked at her unhappily.

“You’re definitely not paying my boy enough,” Mai continued. “We’re talking image rights, voice work, and brand protection. My client requires further compensation.”

“This isn’t a negotiation,” Kaiba growled.

“Relax, Kaiba.” She slapped it down. “I’ve only got the one counteroffer. 10% increase across the board. Unless your product is a flop, which is frankly unlikely, that should set up Mr. Wheeler with a nice little nest egg for future endeavors.”

One of the lawyers laughed. “Ten percent is well above what our duelists are signed on for.”

Tanaka’s eyes flitted to Kaiba. He was cold as ice, his face a blank sheet. Normally, counteroffers were laughed at, and Kaiba became a storm his opponents had to weather. But his shoulders had a weariness to them, a desire to see this done.

“Two percent,” he said.

Mai laughed. “You are lowballing me! Eight.”

“Five.”

“Done.” She snatched his hand, giving a firm shake. Kaiba immediately withdrew, and she laughed, sitting down beside her client. “You all heard him. Let’s get this paperwork signed.”

“Not quite,” Kaiba said. A telltale smirk crossed his face. “Before we sign our duelists, we have to ensure they won’t embarrass us on the field. Of course, we check the tournament standings–”

“Top three international duelist,” Wheeler said, leaning back in his seat. “Don’t tell me that doesn’t pass your little test.”

“--but the most important thing is how they stand in a fight. Miss Valentine, if you would like to continue with our lawyers as his representatives, I will take the deadbeat to our training station.”

“You got a lot of nerve–” Wheeler jumped up in his chair, and Mai’s hand flew out to pull him back down.

“Of course, Kaiba,” she said, smiling sweetly at the room. “I know Joey won’t disappoint you.”

Kaiba’s warped smile said otherwise. Tanaka didn’t look away as he typed away at his notes. Junko caught his eye from across the room, worry slapped across her face. He could only offer an unsure smile. As far as Kaiba was involved, nothing ever went smoothly.

“Let’s go then,” Kaiba said. “The sooner we get this over with, the sooner I can kick you out.”

Wheeler ground his teeth down, and Mai pinched his cheek in a mock motherly affection.

“Play nice, boys,” she called, waving after them. Tanaka, as always, followed one step behind. It was his job, of course, but he had to admit, it was exciting not knowing what would happen next.

[tatatechnologies]

Celebrating India’s EV Journey

Today is World EV Day. The day is observed every year with special awareness campaigns being organized globally to educate people about the benefits of electric vehicles.

While China is the world’s largest EV market, India is the second largest and most promising. Driven by incentives by the Centre and the states, the adoption of EVs is gaining momentum. India’s EV sector is attracting increasing investments in battery technology, charging infrastructure and product options. Some of the biggest brands in the EV space include Tata Nexon in cars, the Mahindra Treo in three-wheelers and Hero Electric and Ola in scooters. In addition, there are a whole lot of startups that are working on various aspects of the EV eco-system.

In this article, Autocar Professional takes you through India’s EV landscape with leaders in the segment commenting on sustainable mobility and a zero-emission future.

Meanwhile, a recent study by Castrol study has highlighted key insights on EV readiness for markets, carmakers, and consumers. Its global survey ‘Switching ON the rEVolution’ covering 10,000 consumers and 100 leaders from car manufacturers in 10 key global markets, including India suggests that 44 percent of consumers surveyed in India are considering an EV for their next vehicle purchase while 55 percent are still considering an ICE vehicle.

Shailesh Chandra, MD, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility

World EV Day is indeed a special day for us, as we look back and reflect on our journey so far. We are proud to lead the EV market in India, with a lion’s share of 88 percent. As early entrants, we have shaped the market and seen it grow with Nexon EV and Tigor EV. We have over 40,000 Tata EVs plying on road. We have also established Tata UniEVerse, a one of its kind EV ecosystem, which is further propelling the EV adoption.

Santosh Iyer, VP-Sales & Marketing, Mercedes-Benz India

Mercedes-Benz Indian has a very aggressive EV roadmap for the Indian market with three new luxury EVs. We pioneered luxury EVs in India with the EQC in 2020, which received good response from the early adopters in the luxury segment. EQC’s acceptability and market success set the ground for other brands to foray into the luxury EV segment.

Suman Mishra, Mahindra Electric Mobility

We celebrate India’s electrification journey. At Mahindra Last Mile Mobility, we are committed to promoting sustainable motoring with zero emission products. I am confident that with our collective efforts, we can enable a green and smarter tomorrow for India.

Warren Harris, CEO, Tata Technologies

Tata Technologies’ vision of Engineering a better world embodies our commitment to providing sustainable solutions especially in the rapidly growing Electric Vehicle Market. The transition to EV is also an opportunity and would also be synonymous with a move to connected vehicles enabled by ADAS and digital customer experience solutions. Tata Technologies offers end-to-end solutions for engineering, manufacturing support, and customer experience solutions for EVs globally. We have developed an elaborate EV ecosystem through alliances and partnerships across the world, including an alliance with MIH Consortium which enables us to leverage the EV ecosystem to deliver best value for our Customers.

Nagesh Basavanhalli, Executive Vice Chairman, Greaves Cotton

Greaves Electric Mobility owned Ampere is one of the fastest growing electric two-wheeler brands in the Country while the company also operates/owns the rapidly growing e-rickshaw brand Ele (Bestway) and the Teja (MLR Auto) range of L5 category three wheelers. Together the portfolio offers a strong value proposition to electrifying the way people and goods move across our country.

Mahesh Babu, CEO, Switch Mobility India, COO, Switch Mobility

To meet India’s global commitment to become Net Zero by 2070, we need to prioritize not just public transport, but public transport with zero tailpipe emissions. Electric buses are clearly the best and obvious solution to accelerate decarbonisation with increasing mass mobility. It is this imperative that guides us at Switch Mobility — to help India attain its ambitious Net Zero target by offering the society with smart, clean mass mobility solutions that are also technologically advanced, safe and comfortable for passengers. Our vision is to transform mass mobility across cities and highways, and bring about a clean revolution in the way people travel. I take the opportunity on World EV Day 2022 to invite partners and people who share the same vision to jointly achieve this critical transition.

Balbir Singh Dhillon, Head of Audi

We have installed 100+ chargers pan-India and 16 high-speed 50kW chargers across our dealerships located across strategic highways within the country. In line with our global plans to be all-electric by 2033, we are aiming to achieve about 15 percent of our India sales from EVs by 2025–2026. It’s time we start to care for the climate. I think the sooner we realise we are responsible for it, the better it is for all.

Read More: https://www.tatatechnologies.com/en/media-center/celebrating-indias-ev-journey/

[stanleyhuds]

Low Speed Electric Vehicle Market Report 2025 | Share, Trends, and Forecast by 2033

IMARC Group’s report titled “Low Speed Electric Vehicle Market Report by Product (Two-wheelers, Three-wheelers, Four-wheelers), Vehicle Type (Passenger LSEV, Heavy-duty LSEV, Utility LSEV, Off-road LSEV), Voltage (24V, 36V, 48V, 60V, 72V), Battery (Lithium-Ion Battery, Lead-Acid Battery, and Others), End User (Golf Courses, Tourist Destinations, Hotels and Resorts, Airports, Residential and Commercial Premises, and Others), and Region 2025-2033”. The global low speed electric vehicle market size reached USD 5.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 16.2 Billion by 2033, exhibiting a growth rate (CAGR) of 11.44% during 2025-2033.

Factors Affecting the Growth of the Low Speed Electric Vehicle Industry:

● Environmental Regulations:

The market for low-speed electric vehicles (LSEVs) is growing due to stricter environmental regulations. Governments worldwide are pushing to cut carbon emissions and fight climate change. They are enforcing tougher emission standards, offering incentives for electric vehicles, and penalizing high-emission vehicles. LSEVs, being zero-emission, fit perfectly with these rules. As cities and countries strive to meet their environmental targets, the demand for LSEVs, which have no tailpipe emissions, is set to rise.

● Cost Savings:

Cost is key in adopting LSEVs. They are cheaper than traditional EVs, making them more accessible. LSEVs also have lower running costs, such as fuel and maintenance. These savings come from electric drivetrains and simpler designs. Thus, LSEVs are a practical, economical choice for consumers. This cost-effectiveness boosts their appeal and market growth.

● Urbanization and Traffic Congestion:

Cities are growing and traffic is worsening, increasing the demand for LSEVs. Traditional vehicles worsen jams and parking issues. LSEVs, being small and slow, are perfect for short trips and city commuting. They help navigate crowded streets and find parking. Their design suits last-mile needs and short travel, appealing to city residents.

Grab a sample PDF of this report: https://www.imarcgroup.com/low-speed-electric-vehicle-market/requestsample

Leading Companies Operating in the Global Low Speed Electric Vehicle Industry:

AGT Electric Cars

Bintelli Electric Vehicles

Bradshaw Electric Vehicles

HDK Electric Vehicle

Hero Electric Vehicles Pvt Ltd

Polaris Inc.

Speedways Electric

Terra Motors Corporation

Textron Inc.

Low Speed Electric Vehicle Market Report Segmentation:

By Product:

Two-wheelers

Three-wheelers

Four-wheelers

On the basis of the product, the market has been divided into two-wheelers, three-wheelers, and four-wheelers.

By Vehicle Type:

Passenger LSEV

Heavy-duty LSEV

Utility LSEV

Off-road LSEV

Off-road LSEV holds the biggest market share as it is designed for a variety of applications, including agriculture, recreation, and industrial use.

By Voltage:

24V

36V

48V

60V

72V

Based on the voltage, the market has been segregated into 24V, 36V, 48V, 60V, and 72V.

By Battery:

Lithium-Ion Battery

Lead-Acid Battery

Others

On the basis of the battery, the market has been classified into lithium-ion battery, lead-acid battery, and others. By End User:

Golf Courses

Tourist Destinations

Hotels and Resorts

Airports

Residential and Commercial Premises

Others

Golf courses exhibit a clear dominance in the market due to the rising need to transport golfers and their equipment across the course.

Regional Insights:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

North America enjoys a leading position in the low speed electric vehicle market on account of the increasing demand for recreational purposes.

Global Low Speed Electric Vehicle Market Trends:

Countries are offering subsidies, tax breaks, and other financial incentives to boost electric vehicle (EV) adoption. These incentives lower the initial cost of light-duty electric vehicles (LSEVs), making them more appealing. Moreover, some authorities provide perks like carpool lane access, reduced fees, and regulatory exemptions. These measures cut ownership costs and boost confidence.

Additionally, advancements in battery technology and electric drivetrains are enhancing LSEV efficiency, reliability, and affordability.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact US

IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA Email: sales@imarcgroup.com Tel No:(D) +91 120 433 0800 United States: +1–631–791–1145

[bizworldinsights]

 Magnesium Wheel

Magnesium Wheels: A Game Changer in the Automotive Industry

Magnesium wheels are renowned for their lightweight construction, exceptional damping capacity, and impressive specific strength. Typically manufactured through casting and forging processes, these wheels have an average density that is 150% lower than that of aluminum. This unique attribute makes them highly sought after in the racing car segment. Magnesium is extensively utilized in various automotive applications, including seat frames, transmission casings, lock bodies, and airbag housings, thanks to its abundant availability.

Market Insights

The magnesium wheel market was valued at over $20.1 billion in 2019, with projections indicating a compound annual growth rate (CAGR) of 2.8% over the next decade. This growth is primarily driven by the increasing demand for racing vehicles and lightweight automobiles. The rise of light electric rickshaws and other lightweight transportation options is expected to further propel market demand. In 2018 alone, global sales of magnesium wheels exceeded 39 million units, a figure anticipated to increase by 1.4 times during the forecast period.

Drivers and Challenges in the Magnesium Wheel Market

The magnesium wheel market is experiencing significant expansion, fueled by the automotive industry's shift towards green mobility solutions. The growing popularity of electric vehicles (EVs) and lightweight transport options is driving the demand for high-quality components, positioning magnesium wheels as a preferred choice.

However, despite their advantages, magnesium wheels are not typically favored for heavy-duty applications. The competition from alternative materials, particularly aluminum, presents a substantial challenge for industry players.

Regional Market Overview

In 2018, the Asia-Pacific region emerged as the leader in magnesium wheel sales, accounting for over 42% of the global market share. The rising sales of two- and three-wheeled vehicles in China and India have created a favorable environment for manufacturers. Additionally, the gradual transition from conventional vehicles to electric models is fostering market growth for magnesium wheel companies. India and China dominate both global sales and production, housing the highest concentration of manufacturers and contract manufacturers.

Western Europe follows closely behind in the magnesium wheel market, with the majority of sales concentrated in the EU-5 countries. This region also exports products to Central and Eastern Europe (CEE) and the Middle East and Africa (MEA).

Competitive Landscape

Key players in the magnesium wheel market include:

SMW Engineering

Enkei

MKW Alloy

BBS

Z. Group

Market Segmentation

By Manufacturing Process:

Forged

Cast

By Distribution Channel:

OEM

Aftermarket

By Vehicle Type:

Two Wheelers

Three Wheelers

Sports Utility Vehicles

[forblogmostly]

Mercury EV-Tech Limited Board Meeting Results: Director Changes and Strategic Acquisition

On September 30, 2024, Mercury EV-Tech Limited held a pivotal board meeting, during which several significant decisions were made, shaping the company's future. This meeting was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key outcomes included the cessation of two director tenures, the appointment of new directors, a committee reconstitution, and a strategic acquisition that could strengthen Mercury's market position.

During the meeting, the board addressed the tenure of two directors, Mr. Ajay Ramkrishna Shukla and Mr. Arif Rajjak Sayyad, both of whom held the position of Additional Directors. According to section 161(1) of the Companies Act, 2013, the tenure of these directors was set to end on September 30, 2024, coinciding with the deadline for the company's Annual General Meeting (AGM). As the company had received an extension to hold its AGM from the Registrar of Companies, both directors' tenures formally ceased at the close of business on that date.

In addition, the board, following the recommendation of the Nomination and Remuneration Committee, reappointed Mr. Shukla and Mr. Sayyad to new roles within the company. Mr. Shukla was appointed as an Additional Director, classified as an Independent Director, effective October 1, 2024, for a second term of five years. This appointment reflects the company's trust in Mr. Shukla’s abilities and experience to contribute to its growth in the coming years. On the other hand, Mr. Sayyad was appointed as an Additional Director under the category of Non-Executive, Non-Independent Director, also starting on October 1, 2024. This restructuring aligns with Mercury EV-Tech’s strategic vision, ensuring that experienced leadership continues to guide the company.

Further, the board reconstituted the Nomination and Remuneration Committee by appointing Mr. Shukla as a member of the committee. This decision coincided with the cessation of Mr. Harit Gopalbhai Shah’s membership on the same committee. The new structure of the committee aims to bring fresh perspectives to decisions surrounding compensation and leadership nominations, key factors for the company's future.

One of the most significant decisions made at the board meeting was the approval to acquire a 70% stake in Haitek Automotive Private Limited. Haitek is a company involved in the manufacturing of electric vehicles (EVs) and has a growing presence in the electric three-wheeler market in West Bengal, India. Mercury EV-Tech will purchase 350,000 equity shares, priced at ₹10 per share, for a total consideration of ₹35,00,000. With this acquisition, Haitek Automotive Private Limited will become a subsidiary of Mercury EV-Tech Limited.

The acquisition marks a strategic move by Mercury to strengthen its position in the growing electric vehicle market, particularly in the three-wheeler segment. West Bengal's rising demand for three-wheeler EVs presents an opportunity for Mercury to scale its operations and improve its market penetration. By leveraging Haitek’s established distribution networks and production capabilities, Mercury hopes to enhance its efficiency and profitability in the highly competitive electric vehicle sector. This acquisition is expected to facilitate technological synergies and potentially foster innovations in Mercury's EV product offerings.

The board meeting concluded at 5:30 p.m., having commenced at 4:30 p.m., and represents a turning point for Mercury EV-Tech Limited, positioning the company for future growth through leadership realignments and strategic acquisitions.

With these new appointments and the acquisition of Haitek, Mercury EV-Tech is poised to expand its influence in the burgeoning electric vehicle industry, leveraging key leadership and market opportunities for sustained growth.

[perfectriders]

Benefits of Yamaha Blue Square Now At Your Service in Bangalore

Yamaha blue square Dealers in Bangalore has opened Blue Square, a concept-driven showroom that incorporates the business’s “racing DNA,” according to the two-wheeler manufacturer. It is governed by Yamaha’s “The Call of the Blue,” a programme that was launched last year and has expanded thanks to two crucial elements: experiences and products. The firm wants to maintain this momentum by redesigning the consumer experience throughout all of its showrooms, aided by aesthetics and an atmosphere supported by Yamaha two-wheelers.

What is Yamaha Blue Square all about?

The phrase “Blue Square” refers to the brand’s history in international races, the “square” alluding to a “one-stop buying junction” and the “blue” to Yamaha’s racing heritage. The purpose of this effort is to provide a communication hub that will enable customers to access a range of information as well as accessories and clothing. The record management interface, which would digitally log all customer records, will be another standout feature.

Customers will also be able to obtain product brochures by scanning the QR codes on the vehicles, among other things. In addition, a cafe will be available for patrons to unwind and converse.

In addition to Blue Streaks, which provides prompt customer service, Yamaha highlighted that it will also arrange touring programmes with a riding advisor.

In keeping with the Yamaha philosophy, Yamaha blue square in Bangalore serves as a one-stop shop for all of the motorcycling requirements of consumers. The Blue Square store was created to give clients access to and an understanding of Yamaha’s racing heritage. Customers can interact with the Yamaha Blue Streaks rider community through the showroom. Customers can interact with other riders who share their interests thanks to the strong network of Yamaha aficionados.

According to the Yamaha philosophy, Blue Square Showroom serves as the customer’s one-stop shop for all of their bicycling needs. Customers may learn about and connect with Yamaha’s racing heritage at the Blue Square showroom. Additionally, the showroom serves as a venue for clients to interact with the Yamaha Blue Streaks rider group. Customers may connect with other like-minded riders thanks to this vibrant network of Yamaha aficionados.

Although it is still in its infancy in our nation, the Blue Square dealer model will soon become the standard for all Yamaha dealerships across the country. Plans are in motion to ensure that all Yamaha dealerships around the country are transformed into Blue Square ones in about three years.

In the future, the business intends to sell all products through a single type of dealership. When Yamaha does introduce its first electric vehicles, they will all be sold in Blue Square dealerships side by side with the current selection of small-capacity two-wheelers.

Yamaha has also stated that digital customer records will be kept at the Yamaha blue square in Bangalore. By scanning the QR codes on the vehicles, buyers would be able to digitally download the pamphlets. With timely communication and personalised marketing, the relationship between the dealer and the consumer will be improved. Yamaha also intends to deploy Dealer Management systems and face-scanning systems in the future for improved communication.

[secretstalks]

Rapido financial outlook according to Aravind Sanka

Bengaluru-based mobility startup Rapido has recently made headlines with a significant $200 million funding round, elevating its valuation to $1.1 billion and earning it a spot in the unicorn club. Co-founder and CEO Aravind Sanka has revealed that the company is on the brink of achieving cash-flow positivity, with expectations to become profitable within the next few months.

Rapido's impressive growth is underscored by its vast network of 1.7 million active monthly driver-partners, who collectively manage nearly 0.5 million orders daily across bikes, auto-rickshaws, and four-wheeler cabs. Sanka highlighted Rapido's dominance in the market, claiming a market share exceeding 40% in the two-wheeler and three-wheeler segments, positioning it ahead of competitors like Ola and Uber.

The company reported a substantial increase in revenue for FY23, reaching Rs 497.5 crore compared to Rs 157.9 crore in FY22. Despite this growth, losses also widened, from Rs 439 crore to Rs 674.6 crore, largely due to heavy investments in expansion and development. Notably, Rapido's zero-commission model for drivers continues to be a key differentiator. Drivers pay a fixed monthly fee of Rs 500 for every Rs 10,000 earned on the platform, with Sanka affirming the company's commitment to maintaining this model.

Rapido is now turning its attention to the burgeoning quick commerce sector, aiming to capitalize on the growing demand for rapid delivery services. The company currently supports last-mile food delivery for Swiggy, a major investor in its recent Series D funding round, and collaborates with ONDC. Discussions are underway with quick commerce players like Zepto and Zomato’s Blinkit to explore 10-30-minute delivery options.

The company is also leveraging its extensive fleet to support small direct-to-consumer (D2C) businesses, with plans to partner with logistics firms and work directly with various companies. On the sustainability front, Rapido is making significant strides with electric vehicles. In the NCR region, over 25% of orders are now delivered by electric vehicles, and the company aims to transition all deliveries in Delhi to electric within the next six months. Partnerships with fleet operators to develop exclusive electric vehicle fleets for two-wheelers, three-wheelers, and four-wheelers are also in progress.

Looking ahead, Rapido may consider an initial public offering (IPO) within the next two to three years as a potential step in its growth trajectory. The company's recent fundraising efforts have seen it secure close to $500 million, with WestBridge Capital leading the latest $200 million Series E round, joined by Think Investments, Invus Opportunities, and longstanding partner Nexus Venture Partners.

Ownership of Rapido's parent company, Roppen Transportation Services, as of FY23 includes WestBridge Capital with a 25.6% stake, Swiggy with 15.1%, Nexus Venture Partners with 9.7%, and Integrated Capital with 4.9%. The combined shareholding of co-founders Pavan Guntupalli, Rishikesh SR, and Aravind Sanka stands at 7.5%.

Read More

[financesaathi]

Tolins Tyres IPO: Key Details and Review of ₹230 Crore Issue

What's covered in the Article:

Tolins Tyres is launching an IPO with a fresh issue of ₹200 Crores and an offer for sale of ₹30 Crores, with shares priced between ₹215 to ₹226.

The subscription period runs from September 09 to September 11, 2024, with the allotment expected on September 13 and listing on September 16, 2024.

The IPO proceeds will be used for loan repayments, working capital augmentation, and investments in the company's subsidiary.

Tolins Tyres, a prominent name in the tire industry since its establishment in 1982, is set to launch its Initial Public Offering (IPO) to raise ₹230.00 Crores. The company has grown from a small-scale industry unit to a leading producer specializing in a diverse range of products, including two and three-wheeler tyres, Light Commercial Vehicle (LCV) tyres, and Agriculture tyres.

The Tolins Tyres IPO comprises a fresh issue of 8.84 lakh shares worth ₹200.00 Crores and an offer for sale of 1.32 lakh shares totaling ₹30.00 Crores. The subscription period for the IPO opens on September 09, 2024, and closes on September 11, 2024. The shares will be listed on the BSE and NSE, with a tentative listing date set for September 16, 2024.

The IPO’s share price band is set between ₹215 to ₹226 per equity share, with a minimum lot size of 66 shares. Retail investors need to invest a minimum of ₹14,916, while High-Net-Worth Individuals (HNIs) are required to invest in 14 lots (924 shares), amounting to ₹208,824.

Saffron Capital Advisors Private Limited is the book-running lead manager, and Cameo Corporate Services Limited is the registrar for the issue.

Tolins Tyres Limited IPO GMP Today: The Grey Market Premium (GMP) for Tolins Tyres Limited IPO is expected to be in the range of ₹ to ₹. The GMP reflects the market's speculative view and is based on demand and supply dynamics. It is important to note that GMP is not a reliable indicator of actual listing gains, as it is not regulated.

Get More Info : Latest IPO Information

Website : https://financesaathi.com/

[autoini]

Honda Marks Honda Bikers Day 2024 with 30,000 Riders in Indonesia

Honda Bikers Day (HBD) 2024 is shaping up to be a monumental event, promising to rekindle the genuine spirit of brotherhood among Indonesian motorcycle enthusiasts. Organized by PT Astra Honda Motor (AHM), HBD 2024 is more than just a gathering; it is a celebration of unity, camaraderie, and a shared love for two-wheelers. The event is expected to attract over 30,000 participants to the Rindam IV Diponegoro Field in Magelang, Central Java, on October 26, under the theme “Soundtrack of Brotherhood.” This grand event is set to be the biggest motorcycle gathering globally, highlighting the deep bonds within the biking community.

The Importance of Brotherhood

The essence of HBD 2024 lies in promoting and celebrating the sense of brotherhood among bikers. Andy Wijaya, General Manager of Marketing Planning and Analysis Division at AHM, emphasized the significance of this event in fostering unity within the biking community. In a press statement, he welcomed bikers and the public to experience the brotherhood manifested in Honda Bikers Day, underscoring the event's role in bringing people together through their shared passion for motorcycles.

Symbolism and Celebration of Unity

HBD 2024 is not just about the ride; it is about the camaraderie that exists among participants. The event will feature a variety of activities designed to strengthen these bonds, including competitive contests, engaging games, and live performances by rock bands, all contributing to the energetic and festive atmosphere. The venue, Rindam IV Diponegoro Field, is the perfect setting for this celebration, offering attendees the opportunity to share stories, showcase their bikes, and challenge each other in friendly competition. It is an extraordinary occasion that celebrates the core values of biking, particularly the concept of unity.

The Journey to HBD 2024

The journey to HBD 2024 includes several pre-events that will take place across three major Indonesian islands, allowing bikers from diverse regions to participate and build momentum toward the grand celebration in Magelang. These pre-events include:

Water Sports Event at Alam Mayang, Pekanbaru, Sumatra (October 5): This event will bring together bikers in Sumatra for a day of thrilling water sports activities.

Fashion Show at Murjani Square, Banjarbaru, South Kalimantan (October 12): Bikers in South Kalimantan will showcase their unique styles in a fashion show, adding a touch of flair to the proceedings.

Beach Calf Event at Akkana Beach, Makassar, South Sulawesi (October 19): This event will see bikers in South Sulawesi enjoying a day of fun on the beach, further fostering the spirit of togetherness.

These pre-events are organized through a collaboration between AHM and Honda’s extensive dealer network, including PT Capella Dinamik Nusantara, PT Trio Motor, and Astra Motor. This partnership ensures that the spirit of Honda Bikers Day reaches every corner of the nation, bringing together bikers from all parts of Indonesia in a unified celebration of brotherhood.

Registration and Participation

Registration for HBD 2024 opened on August 26 via the event’s dedicated microsite, making it easy for bikers from various communities across Indonesia to join in the festivities. Given the anticipated large turnout, early registration is encouraged to secure a spot at this prestigious event. Participants will have the opportunity to engage with fellow bikers, compete in riding contests, play games, and enjoy a full day of entertainment and fun.

Conclusion

Honda Bikers Day 2024 is set to be an unforgettable event that celebrates the core values of motorcycling—brotherhood, unity, and the joy of the ride. With over 30,000 bikers expected to participate, the event will not only be a testament to the strength of the Indonesian biking community but also a showcase of the deep connections that unite bikers across the country. Whether you’re attending one of the pre-events or the grand celebration in Magelang, HBD 2024 promises to be a memorable experience for all who share a passion for motorcycles.

For more updated information about the automotive market, the latest cars & bikes, Please visit our website https://www.autoini.com

[researchrealmblog]

The Future of Automotive Mechanical Oil Pumps: Innovations and Challenges

Market Overview

The automotive mechanical oil pump market will generate an estimated revenue of USD 18.2 billion in 2024, and it is expected to witness a CAGR of 2.3% during 2024–2030, to reach USD 20.9 billion by 2030. The growth is attributed to increasing demand of passenger and commercial vehicles in the global market under the stringent emission standards. Optimal performance and efficiency of the engine are crucial, and this is why mechanical oil pumps are important.

There is need to improve the fuel economy that at the same time will lower the running cost while at the same time extending the period between major engine overhauls hence lowering maintenance costs. Higher consumption of efficient cars, higher cost of fuel, and the increased standard of emissions are the recent trends that have shaped the global automotive industry.

As a result, many nations are donating the equipment for the installation of oil pumps that further contribute to the durability of the car. Used in every automotive engine, the automatic oil pump assists in starting and stopping the car, and in maintaining the oil pressure the pistons provide while it lubricates the various parts of the engine. They are both aimed at raising the fuel economy of the car in question.

The increase in the production of ICE and other hybrid electric vehicles is a major factor influencing the automotive mechanical oil pump market, as these are one of the several parts of the lubrication system. With the increasing consumption of automobiles, mechanical oil pumps are bought by the OEMs for fitment during automobile manufacturing.

Key Insights

Wet sump category holds a larger market share of 65% in 2024.

Commonly used in smaller engines with minimal lubrication needs and lower power consumption.

Preferred in most automotive engines due to simplicity, cost-effectiveness, low weight, and minimal maintenance.

Passenger vehicles category accounts for the largest share of 40% in 2024.

Higher production volume to meet increasing demand for personal mobility worldwide.

Gasoline category dominates the market in 2024 with around 50% share.

Requires less-frequent servicing compared to diesel engines and is cost-effective.

Depend heavily on mechanical oil pumps for lubrication and cooling.

Hybrid category is expected to be the faster-growing category with a CAGR of 3.7% during 2024–2030.

Growth driven by environmental concerns and regulations against pure-ICE vehicles.

EV sales are rising, but high costs and inadequate charging infrastructure push HEV/PHEV sales, offering benefits of both ICEs and BEVs.

Vane category is expected to witness the highest CAGR of 2.6% during 2024–2030.

Vane pumps, known as surface tension pumps, enhance fluid velocity and handle less-viscous fluids at high pressures better than gear pumps.

OEMs hold a larger share of 70% in 2024.

Growth driven by demand for mechanical oil pumps integrated into vehicles during manufacturing.

OEMs provide better parts compared to the aftermarket, ensuring efficient lubrication and reduced fuel consumption to meet emission regulations.

APAC holds the largest revenue share of 45% in 2024 and is expected to develop at the highest CAGR of 2.7% from 2024 to 2030.

Growth driven by the expanding automotive sector in regional developing countries.

Strict emission regulations in APAC improve air quality and resolve environmental issues.

Mechanical oil pumps help reduce friction, increase efficiency, and optimize engine lubrication.

In India, the automotive industry produced 25.93 million vehicles in FY2023.

Contributed 8% of the country’s exports and 7.1% of India’s GDP.

Includes three-wheelers, two-wheelers, passenger vehicles, commercial vehicles, and quadricycles.

Source: P&S Intelligence

[linuxgamenews]

Stay Tuned for the Launch of Parcel Corps Bicycle Messenger Game

Parcel Corps bicycle messenger action game is delaying the launch on Linux and Windows PC. Thanks to the brilliant minds at Billy Goat Entertainment. Currently available to Wishlist on Steam. If you've been waiting to jump into the wild, satirical world of Parcel Corps bicycle messenger title on Linux or Windows PC, I've got some news. The game’s release is being pushed back a bit. The developers are taking some extra time to fine-tune things so that when it finally hits, it's as polished as it can be. No worries, though — we'll keep you updated when the new release date is locked in. Meanwhile, there’s a fresh trailer to keep your excitement rolling. It also shows off more of the bicycle parkour action you’ll get to enjoy once the game launches. So, what’s Parcel Corps bicycle messenger title all about? Picture this: the sun-kissed streets of New Island, where three bicycle courier companies are battling it out to be the best. You’ll pick your side and dive into a world of two-wheeled rivalries. All for the sake of grabbing market share and influence. And also maybe make a living. But things take a wild turn when Rich Villainé, the CEO of a shady oil company called Polar Petroleum PLC. Who decides to butt in. His political ambitions and ruthless plans are about to collide with New Island’s messengers. So of course, that’s where you come in.

Parcel Corps bicycle messenger | Gamescom Trailer

Your mission, should you choose to accept it (and why wouldn’t you?), is to checks notes save the world! Yep, in between delivering food, parcels, and top-secret documents in record time, you’ll be taking on Villainé’s diabolical schemes. You’ve got 32 minutes or less to pull it all off, so no pressure. Now, about those three bicycle messenger factions in Parcel Corps — who are you going to ride for? Will it be Wallaby Wheelers, the Anglo-Australian startup? Maybe you’ll join East Coast Couriers, the pride of Brooklyn. Or perhaps Das-la Poste, the ultra-professional, pan-European outfit, is more your style. Whoever you choose, you’ll be locking handlebars with your rivals and mastering some seriously cycling skills. Imagine catching air from rooftop ramps, sliding under trucks, riding along walls, and carving your own path through a bustling city. The title’s nine regions are full of jobs from quirky business owners and characters who are, let’s just say, not so subtly inspired by some familiar faces. With Parcel Corps, you’re not just a bicycle messenger racing against the clock. Here you’re taking on a satire-filled adventure that pokes fun at the gig economy, media influencers, big tech, and more. It’s up to you to deliver the goods and stick it to the man. All while enjoying a colorful, stylized cityscape that’s as fun to explore as it is to conquer. So hang tight, the wait might be a little longer to be a bicycle messenger, but Parcel Corps is gearing up to be well worth it. So Wishlist it on Steam. It's coming to Linux and Windows PC. Play the native Demo if you haven't yet.

[semcoinfratechworld]

Is India's Electric Vehicle Manufacturing Ecosystem Ready to Scale up Mass Adoption?

India is on the brink of a major shift in its automotive industry.  Driven by the global and domestic push towards electric vehicles (EVs), the country’s EV manufacturing ecosystem is showing promise and ambitious growth projections. It shows a clear commitment to sustainable mobility. However, the road to mass adoption is fraught with challenges that need to be addressed if India is to fully capitalize on this opportunity.

Promising Growth Projections

The potential for growth in India’s EV market is enormous. By 2030, EVs could account for over 40 percent of the automotive market, generating a staggering USD 100 billion in revenue. The penetration rates are particularly impressive for two and three-wheelers, where EVs are expected to make up 80 percent of the market. Even for four-wheelers, the projection is significant, with a 50 percent market share anticipated by 2030. These numbers underscore the growing acceptance of EVs in India and the opportunity for the country to become a global leader in sustainable transportation.

Challenges Hindering Scalability

Despite the promising outlook, several hurdles stand in the way of scaling up EV manufacturing to meet mass adoption. These challenges must be addressed if India’s EV ecosystem is to realize its full potential.

High Ownership Costs: One of the most significant barriers to mass adoption is the high cost of owning an EV in India. This is primarily due to the limited charging infrastructure, which makes it difficult for consumers to rely on EVs for their daily commute. Additionally, there are deficits in battery cell production (20-25 percent) and semiconductor chips (40-50 percent), both of which are critical components for EV manufacturing. These shortages drive up the costs, making EVs less accessible to the average consumer.

Import Dependency: India’s reliance on imports for key EV components is another major challenge. Currently, 60-70 percent of battery cells, e-motor magnets, and electronics are sourced from China. Several lithium-ion battery manufacturing equipment suppliers in India are dependent on the import of cells and assembly equipment. This dependency not only creates supply chain vulnerabilities but also raises concerns about the sustainability of scaling up EV manufacturing. To reduce this reliance, India needs to invest in building local capacities for producing these critical components.

Scalability Issues in Local Manufacturing: While there are efforts to boost local manufacturing, many small enterprises in India are struggling to keep up with the growing demand for EV components. These scalability issues are exacerbated by a fragmented supply chain, where small and medium enterprises (SMEs) face coordination challenges that can lead to delays in production and distribution. This fragmentation hinders the efficiency of the entire EV ecosystem.

Lack of Standardization: Another significant challenge is the lack of standardization in EV manufacturing, particularly in battery specifications. This lack of uniformity complicates component sourcing and integration, making it difficult for manufacturers to scale up production quickly and efficiently. Standardization is crucial for streamlining the manufacturing process and ensuring that components are interchangeable and easily available.

Conclusion

India’s EV manufacturing ecosystem is at a critical juncture. While the growth potential is immense, several challenges must be addressed to scale up production and achieve mass adoption. By focusing on local manufacturing, expanding infrastructure, standardizing components, and supporting SMEs, India can overcome these hurdles and position itself as a global leader in electric mobility. The journey ahead is challenging, but with the right strategies and collaborations, India’s EV revolution is not just possible—it’s inevitable.