Auto news recap, August 23: Hero Glamour launched, MSIL to open Nexa Studios
- Here is a quick summary of all the vital things thath happened in Indian automotive industry on August 23.
HT Auto ensures that you stay informed about the significant advancements in both the Indian and global automotive industries. Given the rapid transformations occurring in the automobile and motorcycle sectors, we offer a concise yet comprehensive summary of the key events from August 23.
Maruti Suzuki to open Nexa Studios
Maruti Suzuki has recently achieved the significant milestone of establishing 500 Nexa retail outlets across India, and the company plans to extend its premium retail presence to smaller cities with new Nexa Studios. It will be smaller, two-car showrooms but they will offer the entire Maruti Suzuki Nexa product portfolio and services.
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Also Read : Maruti Suzuki hits 500 Nexa outlets, expands to smaller cities with Nexa Studios
Ola Electric sends notice to MapmyIndia
Ola co-founder Bhavish Aggarwal has rejected claims of copying MapmyIndia, saying the map company was attempting to ride on Ola Electric's listing coattails. The company has sent legal notice to MapmyIndia but hasn't received any reply from them.
Also Read : No credibility in MapmyIndia claims; sent legal notice but no reply: Ola founder
2024 Hero Glamour launched
Hero MotoCorp has introduced the 2024 Glamour 125 bringing subtle upgrades to the popular commuter motorcycle. There is a new colour scheme and the prices now start at ₹83,598 for the drum brake variant, and going up to ₹87,598 for the front disc brake variant.
Also Read : 2024 Hero Glamour 125 launched in India, prices start at ₹83,598
Cars and bikes in Punjab gets more expensive
The government of Punjab has increased the motor vehicle tax on passenger cars and two-wheelers, resulting in higher costs for consumers. The tax rates have been raised by 0.5 to 1 percent, based on the actual cost of the vehicles. This increase occurs just prior to the festive season, a peak time for the Indian automotive industry, as sales typically surge during this auspicious period across various categories.
Also Read : Cars & two-wheelers get more expensive in Punjab as govt hikes motor vehicle tax
Market share of Ola Electric falls
Ola Electric has experienced a significant decline in its market share within the electric two-wheeler sector this month. Recent statistics indicate that the leading electric two-wheeler manufacturer in India has seen its market share decrease by approximately 16 percent from June to just one-third in August.
Also Read : Ola Electric sees sharp drop in EV market share, down to one-third in August
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