Centre announced plans to have at least one charging kiosk at each of the 69,000 odd operational fuel pumps in India. This could be one of the largest of its kind roll out of EV charging initiative in the world. But will it work? We try to find out the answer to that question is today’s weekend wrap. But first here is the complete look at what else made headlines during the week
Motherson Sumi chasing multiple buyouts
Motherson Sumi, India’s biggest auto-component manufacturer, is pursuing multiple buyout deals, some of which will be made public in the final quarter of the year, top company officials said. The buyouts are a part of the company’s vision of tripling revenues by FY25 to $36 billion from $12 billion under the Vision 2025 plan.
Triumph starts booking for Trident 660
British premium motorcycle maker Triumph Motorcycles on Tuesday said it has commenced bookings for its upcoming roadster motorcycle Trident 660 across its dealerships in India. The 660cc bike, which will be the newest addition to the roadster line-up in the country, can be booked with an initial amount of Rs 50,000, the company said in a statement.
Half of Toyota’s sales safe from the lockout
Both of Toyota’s plants in India, at Bidadi, Karnataka, produce only half of whatever the company manages to sell from its dealerships. On November 24, Toyota Kirloskar Motor (TKM) announced a lockout for the second time at both of its plants.
Nearly half of Toyota’s volumes are safe as 50 percent of its production is outsourced to Suzuki Motor Corporation (SMC), the parent company of Maruti Suzuki India (MSIL)