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Tag: automobile industry

  • Top Self Driving Car Companies In 2022

    In the same way that we think about flying vehicles now, the self-driving automobile was once considered future technology that was decades away. Entirely self-driving cars are already commonly accessible for usage. Several automotive behemoths have announced the debut of completely autonomous vehicles in the last four years. Driverless car developers want to provide a hands-free experience without compromising human safety by using the most sophisticated 3D imagery and AI available. To name a few features, these high-tech vehicles have speed maintenance systems, brakes, traffic recognition, lane maintenance systems, and adaptive cruise control.

    Automobiles and cars are getting more intelligent and more connected in various ways, and these advancements will usher in some of the most exciting improvements in mobility and transportation in the next year and beyond. So without further ado, let’s look at top car companies that will bring out their self-driving cars in 2022.

    Top 5 Self Driving Car Companies

    1. Cruise
    2. Waymo
    3. Pony.ai
    4. Optimus Ride
    5. Uber

    Conclusion
    FAQs

    Self-Driving Car Companies

    Top 5 Self Driving Car Companies

    Cruise

    Cruise- Top Self Driving Car Companies
    Cruise- Top Self Driving Car Companies

    Cruise’s team is merging self-driving car technology with ride-sharing technology to create on-demand driverless transport modes that are cleanly engineered to cut fuel pollution.

    The company’s automotive products are combined with cutting-edge robotics and AI technology and put through rigorous simulation testing before being on the market to verify that they adhere to all applicable road laws and safety procedures.

    In 2022, Cruise’s driverless car division plans to launch a completely automated taxi service in San Francisco. Cruise has already started testing self-driving cars in the city, picking up General motors employees for test drives without someone in the front two seats.

    The corporation now has a permit to run vehicles in the town without a human on board at night speeds up to 30 mph. Cruise can also charge for delivery services but not ride-hailing services. In addition, in 2022, the business will introduce its ‘Super Cruise’ technology, which will be available in six cars.

    Waymo

    Waymo - Top Self Driving Car Companies
    Waymo – Top Self Driving Car Companies

    Google began working on its self-driving vehicle project in 2009 to drive independently for ten consecutive 100-mile journeys. Waymo, a self-driving technology startup, was acquired by Alphabet in 2016, and Google’s self-driving project became Waymo.

    Waymo produces a range of autonomous vehicles to fulfil the mobility demands of people around the country, including commuter cars and self-driving trucks that may be used in both personal and business settings.

    The company now provides tested and validated self-driving technology that responds swiftly and effectively to environmental elements and human interaction. Waymo launched its robotaxi services outside of Phoenix in August 2021. Riders will now be able to use the Waymo One app in San Francisco, where they will be able to hail a Waymo-powered Jaguar I-Pace EV.

    Waymo made an appearance in Manhattan in November 2021 for a test. It is yet to be seen whether Waymo’s self-driving cars will work successfully and make any growth in 2022.

    Pony.ai

    Pony.ai - Top Self Driving Car Companies
    Pony.ai – Top Self Driving Car Companies

    Pony.ai was founded in 2016, and since then, it has manufactured drones, robotic taxis, and self-driving automobiles. It has become one of the most valuable unicorns globally when it comes to AI technology development.

    Pony.ai began testing self-driving cars on public highways in California in June 2021, with ambitions to provide commercial service in 2022.

    In Fremont and Milpitas, the company is testing autonomous vehicles with human safety drivers behind the wheel. Pony.ai is also testing its self-driving cars in Guangzhou, China. Following a reported crash in Fremont on October 28, the California Department of Motor Vehicles told Pony.ai that it was suspending its driverless testing authorization on November 19.

    However, Pony.ai’s permission for testing with a safety driver is unaffected by the ban. This summer, Pony.ai also wants to relaunch a public carpool service in Irvine, employing autonomous vehicles with a human safety driver. Its objective is to have a completely autonomous service available to the public by 2022.

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    Optimus Ride

    Optimus Ride- Top Self Driving Car Companies
    Optimus Ride- Top Self Driving Car Companies

    Optimus Ride is a completely automated shuttle service designed to bring entire communities to their destinations as quickly as feasible. To assure security and comfort, the end-to-end mobility solution provides a rider-first experience and actual road-ready safety features.

    In March 2021, the business announced a partnership with Polaris, a producer of power sports vehicles, to bring completely autonomous GEM electric cars to market. The two companies are working on a new Polaris low-speed car that will completely incorporate Optimus Ride’s autonomous software and hardware package.

    In Brooklyn, California, Northern Virginia, and Boston, Optimus Ride has deployed roughly 30 Polaris GEM cars equipped with Optimus Ride autonomous technology for commercial ride-hailing operations.

    Rides are now restricted to a limited set of residents in riverfront apartment complexes, similar to when the service debuted in the DC region at the Reston-based Halley Rise mixed-use development. Passengers can reserve a ride up to a week ahead of their trip by downloading the Opti Ride App.

    Uber

    Uber- Top Self Driving Car Companies
    Uber- Top Self Driving Car Companies

    Uber is the world’s most popular ride-hailing and ride-sharing service, assisting individuals from all over the world in getting to where they need to go in quick time. On occasion, Uber has dabbled in self-driving vehicles, most notably partnering with Motional to investigate new methods to introduce self-driving technology to Uber’s network.

    Motional is a joint venture between Hyundai Motor Co. and Aptiv Plc that combines Aptiv’s self-driving car technology with Hyundai’s automobile manufacturing expertise.

    In 2020, Uber sold its self-driving vehicle section to Aurora Innovation Inc. and acquired a share in the company, abandoning its plan to build a fleet of self-driving taxis. The Uber Eats trial programme will deliver meal packages from select restaurants in the Santa Monica region of Los Angeles via the Uber Eats app. By early 2022, Uber Eats customers will be able to buy restaurant meal kits and have them delivered by one of Motional’s modified all-electric Hyundai Ioniq 5 robotaxis. The Hyundai cars employed in the testing had never been used to deliver anything before.

    Although self-driving vehicles will be used in the pilot programme, the service will begin with safety operators present in the vehicles and not be fully autonomous.

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    Conclusion

    By 2030, these services will account for up to 25% of all shared mobility travels, according to predictions. These self-driving cars will be shared, resulting in less traffic, more parking places, a cleaner environment, and, most importantly, fewer deadly automobile accidents.

    That day is not too far when all of our vehicles are automated and self-driven.

    FAQs

    What are the car companies to bring Self-driving cars in 2022?

    Some of the car Companies to bring self-driving cars in 2022 are:

    • Cruise
    • Waymo
    • Pony.ai
    • Optimus Ride
    • Uber

    What companies make AI for self-driving cars?

    Top companies that develop AI for self-driving cars are:

    • Cruise
    • Waymo
    • Agro.ai
    • Neuro
    • Pony.ai
    • Zoox
    • Robotic Research
    • TuSimple
    • Momenta
    • nuTonomy

    Which are the Top 10 Self-Driving Startups in India?

    Top 10 self-driving startups in India are:

    • Fisheyebox
    • Flux Auto
    • Netradyne
    • ATImotors
    • Hi Tech Robotic Systemz
    • Swaayatt Robots
    • SeDriCa 1.0
    • OmniPresent Robot
    • Auro Robotics
    • Playment

  • Luxury Ride – Redefining the notion of owning pre-owned luxury cars

    This article is contributed by Mr. Sumit Garg, MD & Co-founder, Luxury Ride.

    Ever been awe-struck looking at the stylish luxurious car with terrific design, running dynamically down the road. While attracting the crowd’s gaze, there must be many who are invigorated with the desire to own an exclusive luxurious car. But are unable to fulfill their dreams owing to financial constraints.

    Realizing the unfulfilled aspirations of the consumers, Sumit Garg incepted Luxury Ride to provide pre-owned best quality luxury cars to the consumers at the most competitive price. Luxury Ride started in the year 2015, is certified India’s biggest pre-owned, multi-brand luxury car company, and is the leading dealer in the pre-owned luxury car segment.  

    Luxury Ride – Company Highlights

    Startup Name Luxury Ride
    Co-founder & MD Sumit Garg
    Founded 2015
    Headquarters Delhi
    Industry Automobile
    Website luxuryride.in

    The Start of Luxury Ride
    What is Luxury Ride?
    Challenges Faced by Luxury Ride’s Founder
    Growth & Future Plans of Luxury Ride
    FAQs on Luxury Ride

    The Start of Luxury Ride

    It all started with Sumit Garg’s unflinching passion for luxury cars since his childhood which could not be evaded even during his engineering days in RVCE Engineering College. But after completing his graduation, when he was faced with two options, one leading to the conventional path of making a career in engineering and the other of pursuing the childhood passion, he without any doubt decided to mold his passion for luxury cars into a promising career.

    Hence, in the year 2012, right after his education, Mr. Garg Co-founded KoiBhiCar.com, an online marketplace for pre-owned luxury cars. While being in the industry, he soon realized that owning a luxury car came with acute financial obligations. The youth formed the major bulk of this aspirational population desiring to own a luxury car. Even though their disposable income and buying capacity raised substantially over the years, they still were unable to buy luxury cars and settled for economical cars with their hard-earned money. Additionally, he perceived the need for venture dealing in luxury cars that promoted inclusivity of more brand names with the help of a pivoted business model.  

    Sumit Garg was perceptive enough to counter the problem with his enthralling idea of venturing into the pre-owned luxury car segment. This led to the inception of Luxury Ride in 2015 which was aimed at organizing the otherwise scattered pre-owned car industry by exceptionally raising the service standards.  

    Co-founder of Luxury Ride
    Sumit Garg – Co-Founder & MD, Luxury Ride

    What is Luxury Ride?

    Luxury Ride is an end-to-end quality product and service provider which monitors and assists the customers throughout the process of buying the vehicle to support them in maintaining the car even after the purchase with the after-sales services. It is focused on elevating the experience of the customers. For a hassle-free experience, the pre-owned luxury car aggregator offers 15 days money return guarantee. It even provides easy premium financing options and lucrative insurance deals, showing value for the customer’s money.

    Nonetheless, the purchase from Luxury Ride has been backed up with a 1-year warranty assured of genuine, authentic parts, coming with 6 months warranty on the gearbox and engine. For the convenience of customers, it also provides a doorstep test drive facility. Understanding the complexity and importance of documentation, verification, thorough inspection in purchasing a pre-owned car seamlessly takes care of all the legal paperwork and testing procedures prior to handing the vehicle to the customer.  

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    Challenges Faced by Luxury Ride’s Founder

    But the journey was not as simple and easy as it sounds while listing the benefits of Luxury Ride. In the beginning, Mr. Garg was clueless as he did not know where to start. He struggled with funding to get the optimum capital required to set up the business. Reminiscent of one such incident, he recounted the challenge he faced during the launch of the first showroom in Delhi. That time he had no cars to showcase in the showroom. He requested his mentors and investors to lend him cars for stationing them in the showroom.

    Having overcome the roadblocks of setting up Luxury Ride, organizational and management challenges continually surfaced, requiring immediate attention on issues of regulating and managing manpower, staff training, devising strategies according to the objectives.

    But he was never discouraged with the difficulties coming his way. His incessant love for luxury cars motivated him to persistently work hard in his venture. He recognized the loopholes and showed great agility in rectifying the flaws. Undeniably his efforts were rewarded with the launch of the second flagship showroom in his hometown, Karnal. It is India’s largest showroom in the pre-owned luxury car segment. The outlet is spread across a 1-acre space with a 4-floor building that easily accommodates the display of 50+ cars.

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    Growth & Future Plans of Luxury Ride

    Over time Luxury Ride made its foothold strong in the northern belt of India by launching 7 showrooms in the leading cities of New Delhi, Gurugram, Karnal, Ludhiana, Chandigarh, Jaipur, and Dehradun. By serving all the verticals of customer requirement, Luxury Ride has secured a promising base of 4000+ loyal customers where they have sold 1200+ cars and serviced more than 10,000+ cars.

    The achievement can be attributed to the visionary of Mr. Garg who was never convinced and hence never settled with just the buying and selling prospect of Luxury Ride. Rather, he was aspirational for making it a 360-degree service under a single roof. He wanted to build a platform that provided every possible solution concerning the pre-owned luxury cars.

    Having achieved a substantial milestone, the journey doesn’t end here. Sumit Garg continually strives to establish leadership in the industry by creating a presence of Luxury Ride PAN India with future plans to open 50 new showrooms across the country.

    FAQs on Luxury Ride

    What is Luxury Ride?

    Luxury Ride is certified as India’s biggest pre-owned, multi-brand luxury car company, and is the leading dealer in the pre-owned luxury car segment.  

    Is Luxury Ride an Indian Company?

    Yes. Luxury Ride is an Indian company headquartered in Delhi.

    Where are Luxury Ride’s showrooms located?

    Luxury Ride made its foothold strong in the northern belt of India by launching 7 showrooms in the leading cities of New Delhi, Gurugram, Karnal, Ludhiana, Chandigarh, Jaipur, and Dehradun.

  • TVS Motor- India’s Multinational Two-wheeler Company

    The scenario of public transport in India was not this better always. The middle class had no other option than to wait endlessly for boarding crowded buses. This is the time when mopeds were introduced to the Indian market, and mopeds soon won the hearts of the Indian middle class. Talking about mopeds, one name that we can never fail to mention is TVS. TVS launched India’s first two-seater 50cc moped in 1980, which soon became a part of many Indian households. TVS is still upholding its legacy and is still considered a trusted name in the two-wheeler segment. Here is more on the journey of TVS.

    TVS Motor- Company Highlights

    Startup Name TVS Motor Company Limited
    Parent Sundaram – Clayton Limited
    Headquarters Chennai, Tamil Nadu, India
    Industry Automotive
    Founders T. V. Sundaram Iyengar
    Founded 1978
    Products Two-wheeler, Three-wheeler, Automobile parts
    Current CEO K. N. Radhakrishnan
    Website www.tvsmotor.com

    TVS Motor – About
    TVS Motor – Industry
    TVS Motor – Founders and Team
    TVS Motor – Startup Story
    TVS Motor – Mission and Vision
    TVS Motor – Logo, Slogan, and Tagline
    TVS Motor – Competitive Force Model
    TVS Motor – Employees
    TVS Motor – Challenges Faced
    TVS Motor – Investments
    TVS Motor – Mergers and Acquisitions
    TVS Motor – Subsidiaries
    TVS Motor – Growth
    TVS Motor – Competitors
    TVS Motor – Awards and Achievements
    TVS Motor – Future Plans
    TVS Motor – FAQs

    TVS Motor- About

    Indian multinational automobile manufacturer, TVS Motor Company (TVS) is located in Chennai, India. TVS is named after its founder Thirukkurungudi Vengaram Sundaram Iyengar. Motorcycles, scooters, mopeds, and 3-wheelers, as well as associated replacement parts and accessories, are the primary products of the firm. With exports to over 60 countries, TVS Motor Company is also India’s fourth-biggest two-wheeler manufacturer after Hero Moto Corp, Honda two-wheelers, and Bajaj Motors. In terms of export, TVS Motor is India’s second-largest exporter of two-wheelers.

    Automotive vehicles and Parts, Automotive Accessories, and TVS Financial Services & Others are the major operating divisions of TVS motors. The Automotive vehicles and components segment is where the majority of the company’s income is generated. TVS Motor Company is the largest firm of TVS Group both in terms of size and turnover.

    TVS Motor – Industry

    In India, the automotive sector is one of the most rapidly developing sectors. India isn’t known for being a simple market, but perseverance always pays off. India produced 26.36 million cars in Fiscal Year 2020.

    Passenger cars and 2-wheelers accounted for 80.8 percent and 12.9 percent of the Indian automobile market share, respectively, with over 20.1 million vehicles sold in FY20. Small and midsized automobiles are the most popular passenger vehicles.

    In all, India exported 4.77 million cars in FY20, representing a 6.94 percent CAGR from FY16 to FY20. Two-wheelers accounted for 73.9 percent of all vehicles shipped, with passenger vehicles accounting for 14.2percent, 3-wheelers accounting for 10.5%, and commercial vehicles accounting for 1.3 percent.

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    TVS Motor – Founders and Team

    T. V. Sundaram Iyengar established  T. V. Sundram Iyengar & Sons (TVS), a transportation firm with a huge fleet of trucks and buses, in 1911.

    T.V. Sundaram Iyengar

    Thirukkurungudi Vengaram Sundram Iyengar was an Indian businessman and pioneer in the car industry. T. V. Sundram Iyengar & Sons, a bus firm he started in 1911, eventually moved into automotive manufacture and became the parent company of the TVS Group, India’s largest commercial empire.

    TVS Motor – Startup Story

    T.V. Sundaram Iyengar is the founder of TVS Group. He began his career as a lawyer and later went on to work in the Railways and in a bank. Sundaram Iyengar however was more inclined towards entrepreneurship, and in 1911 he left his job to form TV Sundaram Iyengar and Sons, a Bus Service provider in Madurai. Till TV Sundaram Iyengar’s death in 1955, the company operated buses and lorries by the name of Southern Roadways Limited. TVS Motor, the flagship company of TVS Group was launched by TV Sundaram Iyengar’s Son T.S. Doraiswamy in 1978.

    In 1980, India’s first two-seater moped, the TVS 50, rolled out of the factory in Hosur, Tamil Nadu. Sundaram Clayton Ltd and Suzuki Motor Corporation formed a joint venture in 1987 as a consequence of a technological partnership with the Japanese car giant Suzuki Ltd. Motorcycles were first produced commercially in 1989.

    Sundaram Clayton was incorporated in 1962 as a joint venture between Clayton Dewandre Holdings and T.V. Sundaram Iyengar & Sons Ltd. It produced brakes, exhausts, compressors, and other automobile components. Sundaram Clayton is also the holding company of TVS Motor.

    TVS Group has since then ventured into many businesses and forged tied with many organizations. Axel India Limited, a joint venture between Sundaram Finance and Dana Holding Corporation, USA produces Axel Housings. Brakes India Limited was formed in 1962 as a joint venture between TV Sundram Iyengar and Sons Ltd., and Lucas Industries Ltd.UK. for manufacturing braking equipment. TVS is also into the manufacturing of Motor parts and accessories, Electronic Ignition Systems, bus bodies, rubber products, and even textile.

    TVS Motor- Mission and Vision

    TVS Motor’s vision statement says, “We are committed to being a highly profitable, socially responsible, and leading manufacturer of high value for money, environmentally friendly, lifetime personal transportation products under the TVS brand, for customers predominantly in Asian markets and to provide fulfillment and prosperity for employees, dealers, and suppliers.”

    TVS Motor – Logo, Slogan, and Tagline

    TVS is the abbreviation for Thirukkurungudi Vengaram Sundaram(TVS Group Founder). The company’s professionalism and power are symbolized by the lettering’s blue hue in the company logo. A red-hued jumping horse serves as the TVS logo. The horse’s silhouette is heading right, into the future, and represents the brand’s growth and velocity.

    Company Logo of TVS
    Company Logo of TVS

    TVS’ tagline says, “Inspiration in Motion.”

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    TVS Motor – Competitive Force Model

    The following is the analysis of the TVS competitive force model:

    Supplier Power – Although TVS has long been a popular provider for low-income clients in the two-wheeler industry, we will examine the suppliers’ influence in this case. The TVS supplier market is very fragmented, and the possibility of backward integration is also strong, limiting the suppliers’ strength. TVS works with a number of local vendors to procure spares and components for its cars. The arrival of numerous new small-scale manufacturers has also aided big vehicle manufacturers such as TVS in obtaining highly competitive prices for their spares and parts. This plainly demonstrates the supplier’s poor power.

    Buyer Power: Buyers’ power is greater in the two-wheeler sector due to the wide range of products and brands offered. Today’s buyers are choosy and particular about what they want for their money. They are seeking a brand that offers better prices and technology, which has eroded consumer loyalty for any company today and is TVS’s greatest danger.

    The threat of Replacements: When compared to other factors, the threat of substitutes is rather modest, since the market appears to be growing and maturing every day. However, when we looked farther down the road, we could see danger from rapidly rising gasoline prices, which may force buyers to convert to more fuel-efficient diesel vehicles. Growing environmental concerns have also resulted in the introduction of bicycles and battery-powered two-wheelers, which might pose a challenge to TVS in the future.

    TVS Motor – Employees

    • T. V. Sundaram Iyengar – Founder
    • Manu Saxena – VP Business Planning
    • K Gopaladesikan – CFO
    • Rajesh Narasimhan – CEO
    • Lakshmi Venu – Joint Managing Director & Non-executive director
    • TG Dhandapani – Chief Information Officer

    TVS Motor- Challenges Faced

    As of July 2020, Due to a shortage of trained labor, TVS Motor Company – one of the top manufacturers of motorcycles and scooters – was experiencing delays in the delivery of replacement parts and overall manufacturing operations.

    Following the lifting of the lockdown in May, most manufacturers are attempting to ramp up output in order to meet demand. However, factors such as a spike in Covid-19 cases and a lack of personnel have hampered automakers’ capacity to boost car manufacturing.

    According to the Society of Automobile Manufacturers, due to the negative impact of the Covid-19-induced economic downturn, car sales across all categories might drop by more than 25% in FY 21. This followed a decrease of 18 percent in domestic sales in FY 20.

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    TVS Motor – Investments

    Date Organization Name Round Amount
    Sep 3, 2020 Ultraviolette Automotive Series B ₹300M
    May 9, 2019 TagBox Series A $3.9M
    Apr 29, 2019 Altizon Systems Series A $7M
    Aug 15, 2018 Ultraviolette Automotive Series A ₹60M
    Dec 8, 2017 Ultraviolette Automotive Corporate Round –
    Aug 14, 2017 Rentongo.com Funding Round ₹15M

    TVS Motor – Mergers and Acquisitions

    Acquiree Name About Acquiree Date Amount
    EGO Movement Swiss Company EGO Movement offers innovative mobility solutions like e-bikes & e-scooters September 17,2021 Undisclosed
    Intellicar Telematics Intellicar Telematics promotes shared mobility to reduce traffic congestion and emissions. Dec 1, 2020 ₹150M
    Norton Motorcycles Norton Motorcycles (UK) Ltd manufacturers motorcycles in the UK for world wide retail. Apr 19, 2020 £16M

    TVS Motor – Subsidiaries

    TVS Motor Subsidiaries include –

    • Norton Motorcycle Company
    • TVS Housing Limited
    • TVS Motor(Singapore) Pte. Ltd.
    • TVS Motor Services Limited
    • Intellicar Telematics Private Limited
    • PT. TVS Motor Company Indonesia
    • Sundaram Auto Components Ltd.
    • TVS Motor Co. (Europe) B.V.

    TVS Motor – Growth

    On Monday, TVS Motor Company reported that it sold 278,855 automobiles in July 2021, an increase of 10% over the same month the previous year. In the month of July 2020, the indigenous automaker sold 252,744 vehicles.

    Not only has the brand seen an increase in domestic sales, but it has also seen an increase in international sales. In July 2021, it claimed to have shipped 103,133 automobiles, increasing 65 percent from the same month the previous year. In July 2020, it exported 62,389 vehicles. With 87,559 units delivered in July 2021, TVS saw a 62 percent increase in exports in the two-wheeler sector alone. It exported 54,141 two-wheelers to foreign markets in July of the previous year.

    According to the automaker, demand in the export market is still strong, and container availability is increasing compared to the previous few months when shipping was disrupted. In the next months, TVS anticipates a further increase in container availability.

    TVS Motor- Competitors

    Bajaj Auto, Hero MotoCorp, Yamaha Motor, Suzuki Motor Corporation, Ather Energy, Honda, Royal Enfield, Kymco, Piaggio & C. SpA, and Piaggio & C. SpA are among the top ten competitors of TVS Motor Company.

    TVS Motor – Awards and Achievements

    Most recent awards and achievements are:-

    • Bike Awards – 2019 – Two-wheeler manufacturer of the year
    • Indian Motorcycle Of The Year – 2017
    • TVS Motor has been awarded Highest in Customer Satisfaction by J.D. Power Asia Pacific Awards for 2018.
    • TVS Scooty Zest 110 is awarded the Most Appealing Executive Scooter by J.D.Power Asia Pacific Awards for 2016.
    • TVS Motor Company was named the Two Wheeler Manufacturer of the Year by NDTV Car and Bike Awards 2015.
    • TVS is India’s Most Trusted Brand in the Two Wheeler Category
    • TVS Apache RTR180 is the Most Appealing Premium Motorcycle as awarded by J.D.Power Asia Pacific Awards for 2018.
    • TVS StaR City + is awarded the highest-ranked Economy Motorcycle by J.D.Power Asia Pacific Awards for 2018.

    TVS Motor – Future Plans

    While TVS Motor Company has already begun manufacturing and selling their new electric scooter, the iQube, in a few locations, the next 24 months are expected to witness exponential development, with a whole new variety of electric vehicles due to reach the market under the new vertical. The vehicles will most likely be two and three-wheelers with power outputs ranging from 5 to 25 kW. However, for the time being, the brand’s electric car division will work alongside its ICE vehicle division.

    Speaking on his future plans, Sudarshan Venu who leads the new strategy says “We want to scale up the TVS electric experience pan India, and it is a space where we would like to play a leading role. We’ve quietly worked on EVs for the last one decade. It is a huge focus area for us as we advance. We are embracing this future; we are investing in it and are excited.”

    For the time being, though, it’s probable that the company is searching for partnerships to help them expand its charging network and satisfy consumer demands. In addition, the company has built a new EV plant that will be scalable to meet demand and is investigating the possibility of managing crucial backend production of batteries and other vital elements in-house.

    TVS Motor – FAQs

    Which country is TVS Motor based in?

    TVS Motor is an Indian automotive company.

    Who founded TVS Motor?

    T. V. Sundaram Iyengar established TVS, a transportation firm with a huge fleet of trucks and buses, in 1911. Later

    When was TVS Motor founded?

    TVS Motor was started in 1978 by T. V. Sundaram Iyengar’s son T.S. Doraiswamy

    Which companies do TVS Motor compete with?

    Bajaj Auto, Hero MotoCorp, Yamaha Motor, Suzuki Motor Corporation, Ather Energy, Honda, Royal Enfield, Kymco, Piaggio & C. SpA, and Piaggio & C. SpA are among the top ten rivals of TVS Motor.

  • Why is Ford Motors closing down its Manufacturing Plants in India? [Case Study]

    The Indian automotive industry was left with even fewer brands as Ford Motors departed from the Indian markets on Friday. The motor giant had announced its decision to shut down all local manufacturing facilities on Thursday.

    The unpleasant news meant worse for car dealers and the company’s employees as this would affect them in the long run. The manufacturing plants will continue to operate until 2022 for the sole purpose of manufacturing export vehicles. This means their models for the Indian Market such as Figo, Aspire, Freestyle, EcoSport, and Endeavour will no longer be produced.

    For those who have kept track of the auto market, this shouldn’t be something too surprising. Ford is the most recent automotive brand to leave the Indian markets as we’ve seen with Harley Davidson, Chevrolet, and Fiat before. Did all these brands leave for the same reasons or did each of them have their own barriers that stopped them? We’ll take a deeper look into what drove Ford Motors to make this difficult decision.

    What went wrong with Ford?
    The Future of Ford in India
    FAQ

    What went wrong with Ford?

    Ford’s been in the Indian market since 1995, although the company had begun its initial days back in 1926, it had come to halt due to severe import restrictions enacted at the time.

    Ford had resurfaced as Mahindra Ford India Limited (MFIL) a joint venture with Mahindra & Mahindra Limited. The company was then renamed to Ford India Private Limited. Further down the lane, we got to see some of the most iconic cars released by Ford such as the Ikon and Mondeo Mk3.

    There are a few reasons that have contributed to the company’s decision to stop dealing in the Indian market. The decision was bold and calculated to ensure the long-term profitability and sustainability of the company.

    Poor Sales Conditions

    Consumers have always loved Ford but the Indian auto industry as a whole is going downhill. This is rather something to do with how the market is performing and isn’t specific to the brand.

    People have a variety of options available in the market and this has reduced the company’s demand in the Indian market over the years. It’s rather clear from the numbers that the company wasn’t getting any better in terms of market share over the years.

    Ford's falling market shares
    Ford’s falling market shares

    Furthermore, the pandemic meant that fewer people are buying cars which just added to the company’s declining profits in the country.

    Immense Losses

    Ford has lost more than $2 billion over the last 10 years in India. Although models such as the EcoSport had sufficient sales, it wasn’t enough to be considered profitable for the company. Based on how the company operates in India, it’s worth considering the $0.8 billion spent in 2019 just for operations.

    Ford has tried to incorporate global standards for its manufacturing plants and operations alike. These may have been a little too expensive for the country and cost them more money than the potential profits.

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    Broken Joint Venture with Mahindra

    The tie-up between Ford Motors and Mahindra has allowed the company to produce new cars faster and with less investments in the past. The joint venture formed in October, 2019 meant Mahindra was owning a 51 percent controlling stake and Ford owning a 49 percent stake.


    The companies were to cooperate specifically for the co-development of 3 new SUVs and an electric vehicle. But this was not to be, as the partnership was called off in December, 2021. The reasons for this were apparently in the best interests of both companies although there is no official statement.

    Ford's joint venture with Mahindra & Mahindra in October 2019
    Ford’s joint venture with Mahindra & Mahindra in October 2019

    This also means that the upgraded version of Ford’s EcoSport which was to feature Mahindra’s 1.2-liter direct-injection turbo-petrol engine will not be released later this year. The declining sales meant that Ford was relying on the partnership as well as the new SUVs to keep them afloat. The formal end of the joint venture has left the company in a rather difficult position.

    The company was forced to make a choice that would have a deep impact on its future profits. Ford makes more money in other countries like the United States where it’s still able to get sales and keep pushing more expensive cars to consumers.

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    The Future of Ford in India

    To those of you who might be wondering if this is the end game for the company, it certainly isn’t. Ford Motors isn’t leaving India, rather it has put a stop to all manufacturing of local vehicles. The manufacturing plants in Chennai (Tamil Nadu) and Sanand (Gujarat) will be shut down in a phased manner. As of right now, these will still be used to manufacture export vehicles and parts.

    Ford has always provided great customer support. The company promises to keep providing existing owners with the same care and support regardless of their decision. As mentioned by Anurag Mehrotra, president of Ford India, car owners will still have access to spare parts and services through local dealers and customer support if it’s needed for any reason.

    As per the company, service will be provided to Ford owners all across India
    As per the company, service will be provided to Ford owners all across India

    As for resales, you might not get as much value as expected. This is the same for any motor brand that isn’t operational in the country anymore. While this is true, cars like the EcoSport are still a good buy if you aren’t too paranoid about the resale value and just want a great car at an affordable price. Service and parts will be provided by Ford as previously mentioned, meaning that getting a Ford car in 2021 can be a satisfying deal if you choose to.

    Ford still plans to serve the Indian market in the form of global imports. Popular global models such as the Ford Mustang will be available to consumers in the form of imports. This just goes to show how desperate the company is to stay operational in the country and how the decision was made purely to ensure the sustainable future of the motor manufacturer. Ford had tried reaching out to multiple manufacturers trying to ensure another joint venture but unfortunately, none have worked out for varying reasons.

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    Conclusion

    Ford’s recent move isn’t very pleasant considering the 4,000 employees who just lost their job. Regardless, the company has made its mind and taken a decision that will aid their benefits. Ford plans to bring more international cars to India and we’ll have to wait and see how things turn out.

    The Indian automotive industry and car enthusiasts alike are sure to miss the brand. But as things are in motion the best we can do is watch out for some great deals for used cars and hope that Ford Motors stays on Indian grounds in the future.

    FAQ

    Why is Ford shutting down its manufacturing plants?

    Ford is shutting down its operations in India as it has lost more than $2 billion over the last 10 years in India.

    Is Ford Leaving India?

    No, Ford will shut down its manufacturing plants but Ford owners will still have access to spare parts and services through local dealers.

    Will Ford support the existing customers?

    Yes, as mentioned by Anurag Mehrotra, president of Ford India, car owners will still have access to spare parts and services through local dealers and customer support if it’s needed for any reason.

  • Maruti Suzuki – History and Success in India [Case Study]

    The Indian automobile industry is one of the most competitive sectors in the economy. There are approximately 5000 car dealers in India wherein approximately around 11 – 12 cars are being sold every minute. Be it SUV or sedan, as the standard of living is rising in India, people feel like having a car is a necessity.

    In the past decade, the popularity of having cars has increased a lot. Due to the advancement in technology, cars have become affordable as well as eco-friendly. With the increasing needs of people in India, the competition in the automobile industry is beyond par. Even when there are many automobile companies in India who sell affordable, luxury all kinds of cars, there is one company that has always been on the top priority of people and that is Maruti Suzuki.

    Maruti Suzuki India Ltd has grown to be India’s largest passenger car company, which accounts for over 50% of the domestic car market. Maruti Suzuki is a subsidiary of Suzuki Motor Corporation, Japan, where the Japanese car company boasts of holding around 56.37% of stakes, according to the reports dated September 2020.

    The company offers a wide range of cars starting from entry-level cars to stylish hatchbacks and the most modern sedans including DZire, SX4, Grand Vitara, and more. It takes care of the business of the manufacturing, purchase, and sale of motor vehicles and their spare parts (automobiles). Furthermore, it is also engaged in the financing of cars and the facilitation of pre-owned car sales fleet management. The Maruti automobile company has 2 manufacturing plants in Gurgaon and Manesar in Haryana and 1 manufacturing complex in Gujarat. According to the recent announcement of the company in May 2021, the company is capable of manufacturing around 200 cars per day in total.

    In this Maruti Suzuki Case Study, you will know all about the History and Success of Maruti Suzuki in India.

    How Maruti Suzuki Started in India – History
    How Maruti Suzuki Became Successful
    FAQ

    Maruti Suzuki in India – History

    Maruti Suzuki was started back on February 24, 1981, to manufacture cars for middle-class Indians. The company was formed as a government company, incorporated as Maruti Udyog Ltd. with Suzuki as its minor partner. Maruti Udyog then signed the license and joint venture agreement with Suzuki Motor Corporation, Japan, on October 2, 1982, which began the start of the long-lasting and successful partnership.

    The company started its productions in 1983, which then came to be the choice of every Indian household. The first car it launched was Maruti 800. It was affordable back then and was thus incredibly popular. This model of Maruti is still considered to be a Maruti classic to date. Although the journey of Maruti Suzuki India Ltd. started off in a very different way.

    Maruti Suzuki – 1980

    In India, till the early 1980s, the government of India controlled the Indian automobile sector, and privatization did not enter yet. There were only two automobile companies – Premier Automobiles Ltd, which had their popular car, Premier Padmini, and Hindustan Motors Ltd, which made the Ambassador cars. Maruti Udyog Ltd. entered this era with Suzuki Motor Corporation as its minor partner.

    Premier Padmini Maruti case study
    Premier Padmini

    Maruti Suzuki – 1983

    Maruti Udyog signed a license and joint venture agreement (JVA) with Suzuki Motor Corporation of Japan in 1982. This is when the very first factory of Maruti Suzuki was established in Gurgaon, Haryana. In the first 2 years when Maruti was set up, the company was engaged in the importing of fully-built cars from Suzuki, which later grew to include only 33% native parts. This was not what the indigenous company had planned.

    Though Maruti was ready with the idea of its own manufacturing facility in India, the company couldn’t continue with its plan fearing the small market here in the subcontinent. Besides, our country was in need of producing fuel-efficient vehicles to meet the increasing demands as the local transport was inefficient. This is why the company thought of adjusting the petrol tax and also reduce the excise duty to ramp up their sales.

    Maruti Suzuki began its local production in December 1983 and introduced its Suzuki Alto (SS30/SS40), Suzuki Fronte, and Alto-based Maruti 800.

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    Maruti Suzuki – 1986-1987

    Maruti Suzuki came up with a new and powerful Suzuki Alto (SS80), a 796 cc hatchback, which replaced the former Maruti 800 model in 1986. The company also successfully manufactured its 100,000th vehicle in the same year.

    By this time the company was already recognized for its stronghold in the automobile and at the turn of the new year, Maruti Suzuki also began its foreign exports. It started with exporting a lot of 500 cars to Hungary

    Market Liberalization and Maruti Suzuki – 1991

    1991 was the year of the liberalization of the Indian economy and by then, the company witnessed around 65% of its components being indigenized. It was also in this year that Maruti further increased its stakes in Maruti. Maruti Udyog then became a 50-50 joint venture with the Government of India and a Japanese automotive company as stakeholders.

    Maruti Suzuki – 1994

    Maruti Suzuki saw the production of its 1 millionth vehicle in 1994 since it started manufacturing automobiles. This year also saw the inauguration of the second plant of Maruti. Furthermore, the automobile manufacturers also started their 24-hour on-road emergency vehicle service.

    Maruti Suzuki – 2000-2002

    Maruti emerged as the first Indian car company to launch a call center for its internal processes and customer service in the year 2000. The company also saw the release of many more models of its cars in the next 2 years that followed, including the Esteem Diesel, which was launched in 2002. Meanwhile, Suzuki Motor Corporation also increased its stake in Maruti, which now became 54.2%.

    Maruti Suzuki – 2003-2004

    The company started the year 2003 with the introduction of the Suzuki Grand Vitara XL-7 and upgrading its Zen and Wagon R models. Later in the same year, the company manufactured the 4 millionth Maruti vehicle and also entered started its new partnership with the State Bank of India. Moreover, the company was also listed on BSE and NSE after which it went public with issues that were oversubscribed tenfold.

    Maruti 800, which was the best-selling Maruti car till 2004 was overtaken by the incredible popularity of the Alto model after 2 decades in the same year. Maruti Udyog concluded the financial year 2003–04 with a record 472,122 units as its annual sale, which reached an all-time high since the company began operations.

    Maruti Suzuki – 2007

    On May 10, 2007, the government of India took an exit from the country’s largest car maker Maruti Udyog Ltd by selling the residual stakes, which amounted to Rs 2,360 crores to a bunch of financial institutions led by the Life Insurance Corporation. In July 2007, Suzuki decided to change the name of its subsidiary to Maruti Suzuki India Limited.

    Maruti Suzuki Logo Maruti case study
    Maruti Suzuki Logo

    Maruti Suzuki – 2012 and the Later Years

    Maruti Suzuki successfully sold its 10 millionth vehicle in February 2012. The company boasted of having a market share of 45% in July 2014 and then in May 2015, it witnessed the production of the 15 millionth vehicle in India with the launch of the Maruti Suzuki Swift DZire.

    Maruti Suzuki was cautious of the environmental factors and understood the need of embracing environmentally friendly automobiles. This is why the company declared that it would phase out the manufacturing of diesel cars by 1 April 2020. Furthermore, by this time the Bharat Stage VI emission standards also came into effect, which announced that the company must significantly invest in its diesel cars to comply with the stringent emission standards.

    The company plans to launch its first electric car in the second half of 2021, according to the reports. The car would be named Maruti Suzuki WagonR Electric, which is currently put to test.

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    How Maruti Suzuki Became Successful

    Maruti has carved its own league of success throughout the years that it has remained in business. The company now boasts of having 9 subsidiary companies in total, namely:

    • True Value Solutions Ltd
    • Maruti Insurance Agency Logistics Ltd
    • Maruti Insurance Agency Solutions Ltd
    • Maruti Insurance Distribution Services Ltd
    • Maruti Insurance Business Agency Ltd
    • Maruti Insurance Agency Services Ltd
    • Maruti Insurance Agency Network Ltd
    • J J Impex (Delhi) Pvt Ltd
    • Maruti Insurance Broker Ltd

    Maruti Suzuki had surely achieved great success. 5 Main things that ushered in the success of the company are – Affordability, Goodwill, Hatchbacks, Low Maintenance & NEXA

    Affordability

    In the early ’80s cars weren’t something that every Indian man or a middle-class family could afford. It was a luxury resource about which only a few people could dream. There weren’t many car companies since liberalization came late in India.

    When Maruti Suzuki entered the Indian market, the most prominent factor which made it the market leader at that time was the price of its cars. They were very successful in launching cars with excellent features at an Indian budget-friendly price which made it ‘people’s car’.

    Even to date company’s cars are known to be in a range which any middle-class man today can afford to buy.

    Goodwill

    Over a decade ago, Maruti Suzuki launched an advertisement video which said ‘Ghar aa Gaya Hindustan’ which became an instant sensation among people of India. Since the initial years, Maruti Suzuki has been successful in creating a notion into the minds of people that they associate home, the nation with their car.

    Their commercial still instills that India comes home in a Maruti Suzuki. The company has received great acceptance for the brand and its customers are very loyal to them. All these years, customer satisfaction has proved that Maruti Suzuki’s goodwill and brand loyalty are very strong and enthralling.

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    Hatchbacks

    Hatchbacks are the most idol cars for Indian roads and they rule the market. They are everywhere present in the market and are the most preferred body type throughout the nation. Maruti Suzuki initiated the concept in India and its most popular hatchback car Alto is one is the most demanded cars in India to date.

    Maruti alto
    Maruti Suzuki Alto

    Low maintenance

    When comparing the services of different automobile companies in India, Maruti Suzuki’s service charges are lower. The best thing about their services is that they have various stations and centers across the nation where they serve a huge number of cars daily. Today they make most parts in India under the Made in India and hence their spare parts and components are variably low when compared to other automobile companies.

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    NEXA

    Since Maruti Suzuki’s cars were always looked at as the mid-range cars that serve the middle-class category they wanted to enter the other market too. That is when Maruti Suzuki launched NEXA. In 2015 they started the delivery and operations of its premium range cars. This helped them engage with their high-end customer category.

    Maruti Suzuki Nexa
    Maruti Suzuki Nexa

    Conclusion

    The automobile sector has been growing rapidly over the past decade, even after the Covid-19 pandemic. Maruti Suzuki cars have emerged as budget-friendly and low-cost cars with superior after-sales services that have made it India’s top choice for many car owners.

    Maruti Suzuki will play a very important role in making cars assessable and available to many Indians in the future as well. Its aggressive management and promotion strategies will cater to huge demand in the Indian automobile market.

    FAQ

    What is the net worth of Maruti Suzuki?

    As of 2020, the total assets of Maruti Suzuki is ₹63,627 crore (US$8.9 billion).

    Who is the chairman of Maruti Suzuki?

    Shri Ravindra Chandra Bhargava is the chairman of Maruti Suzuki.

    Is Maruti a Govt company?

    Maruti was a Govt company, but in 2002, the Indian government gave the charge of the management of Maruti Udyog Ltd. to Suzuki for a consideration of Rs1000 crore.

  • What is Vehicle Scrappage Policy | How Startups will Benefit from Vehicle scrappage policy

    We all have had our own share of episodes of looking at rusty, old, vehicles covered in black, dense smoke bumbling past us, and we remarking, “how did it get past the usual security checks and roam about freely?”

    Well, this is how things used to be on the Indian roads where we could name a brand new Mercedes or a BMW and a polluting, dilapidated truck or van in the same breath.

    Out of the total air pollution that the Indians suffer from, a massive 27% of it is caused by vehicular emissions. Though a number of companies including Ola, Reliance, Tata, and others have started stressing about eco-friendly ways and have embraced Green Marketing to change the way how the industries and the vehicles run, we are yet to triumph over our greatest enemy, pollution.

    However, with the new vehicle scrappage policy that PM Narendra Modi announced on Friday, August 13, 2021, the Indian government aims to get rid of all the unfit and polluting vehicles as a stern measure to suppress vehicular air pollution.

    What is the Vehicle Scrappage Policy?
    Automobile Scrappage Policy Guidelines
    When will the scrappage policy start to come into effect?
    Main Objectives of the Vehicle Scrappage Policy
    What will the new Vehicle Scrappage Policy bring in?
    How will the Indian Vehicle Scrappage Policy Benefit the Startups of the Country?
    How will the National Automobile Scrappage Policy Benefit the Common Man?
    FAQ

    What is the Vehicle Scrappage Policy?

    Scrapping means “to throw away or get rid off” and the new scrappage policy is formed around the same idea.

    The vehicle scrappage policy, as announced by the Prime Minister of India at the Investor Summit in Gujarat, revolves around the idea of phasing out all the vehicles from the Indian roads, which are polluting and deemed as unfit.

    Here’s what Narendra Modi has remarked via his Twitter handle:


    Automobile Scrappage Policy Guidelines

    The scrappage policy for the automobiles of the country lists some guidelines following which the vehicles will be scrapped.

    On this, Union Minister Nitin Gadkari mentioned that according to the newly launched vehicle scrappage policy, the commercial and personal vehicles will be scrutinized, which are over 15 years and 20 years old, and will be scrapped if they fail to pass a government-imposed test. “They will be seized and destroyed,” added Gadkari.

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    When will the scrappage policy start to come into effect?

    The automobile scrappage policy will be coming into effect from April 2022, starting with the vehicles owned by the Indian government and its allied entities like the PSUs.

    Next, the government will consider mandatory testing for heavy commercial vehicles, which will start in April 2023. Finally, the testing will also include vehicles belonging to all other categories, which will come into effect from June 2024.

    Main Objectives of the Vehicle Scrappage Policy

    Among the main objectives of the vehicle scrappage policy, the reduction of air pollution is the primary goal that the government is looking forward to attaining.

    Reducing the Pollution caused by the Vehicles

    The main objective of the vehicle scrappage policy is to oust the polluting vehicles and lessen the overall vehicular pollution to the minimum. This will be a great help towards promoting a circular economy for the country.

    Creating Employment for the Indians

    The scrappage policy of vehicles would be a major project to undertake for the government of India in the upcoming years, the new scrappage policy would attract investments worth Rs 10000 crore.

    This will not only be a project for the government workers but will be a massive employment opportunity for the youngsters, poorly employed, and the unemployed section of the country.

    Encouraging Circular Economy in India

    A circular economy can be defined as a systemic approach to economic development, which will further benefit businesses, society, and the environment at large.

    The circular economy, as hinted by Modi, is regenerative and sharply contrasts the “take-make-waste” linear model, which further strives to rely less on the consumption of non-renewable resources.

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    What will the new Vehicle Scrappage Policy bring in?

    The vehicle scrappage policy strives to phase out the above-mentioned vehicles in an environment-friendly manner. Therefore, the whole initiative ensues the establishment of scrapping infrastructures like Automated Testing Stations and the setting up of Registered Vehicle Scrapping Facilities.

    How will the Indian Vehicle Scrappage Policy Benefit the Startups of the Country?

    According to Narendra Modi’s nationwide video conference, which also had Nitin Gadkari, Minister for Road Transport and Highways, the Prime Minister has also announced that the Indian government is also willing to collaborate with the budding companies or the startups, which is expected to be a significant boost to the pandemic-struck startup ecosystem.

    How will the National Automobile Scrappage Policy Benefit the Common Man?

    Along with benefitting the startups and the unemployed, the scrappage policy will also greatly benefit the common man. Here’s how it is a win-win situation for them:

    • For all the scrapped vehicles the vehicle owners will receive a certificate to testify their scrapped car. Furthermore, the government will ensure that they will not have to pay registration fees when they buy a new car.
    • They will also receive tax benefits, which would include a discount on road tax. This way it would act as an incentive for scrapping an old vehicle.
    • The old vehicles would be seized for the person, which might seem to be a loss but actually would be profitable for the particular person. If one possesses an old vehicle, he would have to spend money on the maintenance costs, repair cost, and fuel efficiency of the old car, which he/she would be spared from.
    • The owners of the old vehicles would be eligible for the best price for car scrappage for all the workable parts like the tires.
    • Lastly, they will be eligible to buy new and advanced vehicles, which will be safer for their upcoming journey.

    FAQ

    What will happen to the vintage vehicles?

    According to the scrappage policy of the Indian government, it will scrape all the old cars except the vintage automobiles. Gadkari mentioned that no such guidelines have been formed for vintage vehicles as of now, adding they will also regulate the vintage vehicles with the upcoming list of guidelines.

    What will the incentives that the scrappage policy will entail?

    The vehicle scrappage policy will offer incentives for the owners of the scrapped vehicles. Once their vehicles are scrapped, they will be issued relevant certificates for the same. The old vehicle owners can show these certificates whenever they decide to purchase a new vehicle and can get up to a 25% rebate on road tax.

    Will there be a GST Rebate for the scrapped vehicle owners?

    According to the policy, it has been decided by the government that whenever a scrapped vehicle owner will go for a new purchase, he/she will be allowed a 5% discount on the basis of the certificate issued for their scrapped vehicle. Gadkari has further mentioned that he has also requested the Finance Minister to grant a GST rebate for them, which is pending approval.

  • 10 Fascinating Facts About Ford you might not know

    Ford Motor Company is well-known. This automobile company has been around for over 116 years, creating iconic cars and even aircraft and armored vehicles during World War I & II.

    Many of the companies that were founded in the early 1900s have gone on to become some of the most influential companies in the world today. And, Ford was one of the most important companies that stood out from the crowd.

    Many of Ford Motor Company’s innovations have left their mark on the auto industry throughout its 115-year history. Ford is one of those companies whose name is well-known to everyone. With a rich history as one of the world’s oldest car manufacturers, Ford has many interesting facts that you may not be aware of!

    Ford’s history
    The quadricycle
    Thomas Edison’s Last breath
    Fordlandia
    Fords Innovative Assembly line
    Pay increase
    Ford Mustang was transported to the Top of Empire Estate building
    Jim Morrison owned only one car, a Ford
    Ford Airplanes
    Ford’s Racing clan
    FAQ

    Ford’s history

    Detroit, Michigan’s Ford Motor Company was founded in 1903. Henry Ford and his son Edsel were among the 12 founders. For him, it was all about raising money for his business to succeed. However, Henry’s stake in the company would not last.

    Henry and Edsel Ford bought out the other 10 owners of Ford Motor Company in 1919, allowing them to take full control of the company that bears their names. Detroit’s Mack Avenue was the site of the first Ford plant.

    The Quadricycle

    Ford Quadricycle
    Ford Quadricycle

    Henry Ford’s first vehicle was the Ford Quadricycle. It was a simple frame with a gasoline engine and four bicycle wheels mounted on it that was Ford’s first automobile. This quadricycle was completed in 1896. He built a 4-wheeled quadricycle with a tiller, a gas-powered 4-horsepower engine, and a transmission.

    Henry Ford worked as Thomas Edison’s chief electrical engineer In his spare time, he built the quadricycle. After reading an article in the November 1895 issue, he became interested in the subject.

    Thomas Edison’s Last breath

    Thomas Edison's Last Breath
    Thomas Edison’s Last Breath

    Despite their world-changing achievements, Thomas Edison and Henry Ford’s genuine friendship is a delightful tale that few people have heard. Two of the men bought vacation homes in Fort Myers, Florida, because of their lifelong friendship.

    The last breath of Thomas Edison was captured in a test tube and sealed with a cork, at Ford’s request. To Henry Ford, Edison’s “life and breath” remained in the tube. Friendship was very important to them.

    Fordlandia

    Fordlandia
    Fordlandia

    The Amazonian jungle of Brazil was the site of Henry Ford’s 1928 attempt to create a small “utopian”-style village. This plantation was to serve multiple purposes and be the size of a small village. While providing fresh rubber to his factories, it would also provide jobs for the locals.

    In the end, setting up the village proved to be much more difficult than he had anticipated. It ended up being a failure, and the land on which it was built is still uninhabited.

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    Fords Innovative Assembly line

    Ford's Innovative Assembly Line
    Ford’s Innovative Assembly Line

    Ford is credited with inventing the assembly line for making automobiles. This method of car construction was pioneered by Henry Ford, and it is still the most popular method of car construction today!

    Productivity skyrocketed as a result. A car could be built in less than 90 minutes, instead of the 700 minutes, it took before. The company’s profits soared as a result. Ford’s involvement was evident at every stage of the production process. A good business decision at the time, it turned out to be a world-changing innovation.

    Pay increase

    In 1914, the average factory worker earned $2.50 per day. Henry Ford increased the pay of his employees to $5 a day in 1914, which was unheard of at the time.
    For Ford and its workers, it was a wise move. It was a move that resulted in a positive atmosphere among employees. Their productivity went up as a result of this, as did their wages, which enabled them to buy a car that they helped to build.

    As a result of the new salary, a shorter working day, and profit-sharing, employee turnover was reduced, and the middle class and fair wages movements grew.

    Ford Mustang was transported to the Top of Empire Estate building

    Ford Mustang at the Top of Empire State Building
    Ford Mustang at the Top of Empire State Building

    Ford Mustang was disassembled and photographed from a helicopter after it was transported in four pieces using resident elevators to the Empire State Building in 1965.

    After being separated into four pieces and transported up using the elevators on-site, the car was finally delivered to its destination. Reassembled, the car remained there for five months before being dismantled.

    Jim Morrison owned only one car, a Ford

    Jim Morrison with his Shelby Gt500
    Jim Morrison with his Shelby Gt500

    The Doors are one of the most well-known rock bands in music history, with a worldwide fan base. Jim Morrison was the band’s lead singer, and he became an inspiration to many musicians of that era and subsequent generations.

    It was a 1967 Shelby GT 500 that Jim Morrison, the legendary Doors singer owned.

    It is one of the most famous Mustang models ever made. After suffering a heart attack in Paris in 1971, Jim Morrison passed away at the age of just 27. He’s buried in Paris, and his gravesite is still one of the city’s most popular tourist attractions.

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    Ford Airplanes

    Ford's Airplane
    Ford’s Airplane

    Ford Motor Company began manufacturing airplanes during World War I. During the “war to end all wars,” he wanted to lend a hand to the United States military. Throughout his life, Ford held 161 patents, proving that he was constantly innovating and expanding his reach.

    “Tin Goose” is the nickname given to the Ford Trimotor, a three-engine American transport aircraft. Henry Ford’s company began production in 1925 and ended on June 7, 1933. Ford produced 199 Trimotors. However, it was also used by military units. Unfortunately, he had to shut down the operation in 1933 due to a lack of success.

    Ford’s Racing clan

    Ford 24 Hour Le Mans
    Ford 24 Hour Le Mans

    During the 24 Hours of Le Mans race, Ford beat Porsche, Lamborghini, and Ferrari. With its GT40, Ford ended Ferrari’s six-year winning streak in 1966. Ford went on to win the championship four years in a row, which is noteworthy.

    FAQ

    Who is the founder of Ford?

    Henry Ford founded Ford Motor Company on 16 June, 1903.

    What was the first car made by Ford?

    Ford Model A was the first car made by Ford in 1903.

    What was the net worth of Henry Ford?

    Henry Ford had a net worth worth equal to $200 billion dollars adjusted for inflation.

  • 10 Astounding facts about Lamborghini you might not know about

    In the world of automobiles, Lamborghini is one of the most exclusive manufacturers. As a result, most people can only dream of owning this luxury car brand. Known for its speed, power, and beauty this Italian automobile is fast, powerful, and stylish. Lamborghini is a symbol of high class, luxury, and wealth. Lamborghini is easily recognizable and turns heads when driven on roads.

    Below are some interesting facts about Lamborghini.

    Original Tractors That Became Lamborghinis
    When Lamborghini released its first model, it was devoid of a motor
    Bull theme of Lamborghini
    Lamborghini Taurus
    Dubai’s city police uses Lamborghinis
    Lamborghini Veneno is an exotic car
    To help the Italian police transport organs quickly, Lamborghini donated multiple cars
    Lamborghini Winter Academy
    8205 supercars were sold in 2019 by Lamborghini
    Films in which Lamborghinis are featured
    FAQ

    Original Tractors That Became Lamborghinis

    Lamborghini Tractor
    Lamborghini Tractor

    Tractors were Lamborghini’s first product, and they continue to make them today.
    The tractor company was found in 1947. At that time, there was a high demand for agricultural equipment and vehicles.

    “Carioca” tractor was built from parts of an old military vehicle. The first company, ‘Lamborghini Trattoria, was founded as a result of the success of this tractor.
    Lamborghini had designed its fuel atomizer for its tractors, which made them unique.

    For farmers, the cost of gasoline was a major concern. For this reason, Lamborghini designed its tractors.

    When Lamborghini released its first model, it was devoid of a motor

    Lamborghini 350 GTV
    Lamborghini 350 GTV

    The 350 GTV may have been the world’s first Lamborghini and the inspiration for the supercar genre, but when it was first unveiled at the Turin Auto Show, it was barely finished. Consequently, they placed several bricks in place of an engine and kept the hood closed throughout the entire period.

    Bull theme of Lamborghini

    In some cases, car manufacturers choose names based on a recurring pattern.
    For Lamborghini, bulls are a recurrent theme. He was a big fan of bullfighting in Spain. The sport was something he was passionate about and something he enjoyed watching in his spare time.

    “Bullfighting” attracted him because of its excitement, drama, and power. As an analogy, he compared this power to that of his vehicles. He chose to use the names of famous Spanish fighting bulls for bulls. The Lamborghini Miura was the first model to bear the name of a bull. After that many more bullfighting bull-themed cars were produced in the following years.

    Lamborghini Taurus

    Ferruccio Lamborghini was born on April 28, under the Taurus astrological star sign. He wanted to name the Lamborghini after his zodiac sign. As a result, there was almost a Lamborghini Taurus car in the market. However, it didn’t work out and a new name was chosen.

    Dubai’s city police uses Lamborghinis

    Lamborghini used by Dubai Police
    Lamborghini used by Dubai Police

    Dubai is one of the richest countries in the world and has an insane police car collection. A 691hp mid-mounted V12 engine in a police vehicle? That’s insane!
    Each of the Dubai Police vehicles is equipped with a Lamborghini Aventador, which has a top speed of almost 350 kmph and can go from 0 to 100 in just 3 seconds!

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    Lamborghini Veneno is an exotic car

    Lamborghini Veneno
    Lamborghini Veneno

    Veneno Roadster was introduced in 2014 and the cars are rare, expensive, and fast.
    A limited-production Lamborghini sports car, the Veneno is Lamborghini’s high-performance model.

    A total of four units were produced by the company, of which three were sold to selected customers and one was placed in the company’s museum for display.

    Lamborghini developed the Veneno, based on the Aventador, to commemorate its 50th anniversary. A four-million-dollar production car, it was one of the most expensive vehicles ever built.

    To help the Italian police transport organs quickly, Lamborghini donated multiple cars

    Lamborghini Organ Transport vehicle
    Lamborghini Organ Transport vehicle

    A refrigerated box was one of the special tools installed in these customized cars.
    Recent efforts by the Italian police to deliver a kidney for transplant surgery took advantage of the speed of the delivery system. To transport a kidney for surgery, Italian police drove a Lamborghini Huracan at 230 km/h. After 5 to 6 hours of travel, the police successfully delivered the vital organ.

    Lamborghini Winter Academy

    Lamborghini Winter Academy
    Lamborghini Winter Academy

    The Lamborghini Winter Academy may be of interest to Lamborghini fans or those who dream of driving fast cars. You will have the opportunity to race around a ski resort as you want to. A 5-700 horsepower Lamborghini can be driven in the Alps in winter on snow and ice. Alternatively, you could visit the Lamborghini Museum for a more sedate experience.

    Italian museum dedicated to the Lamborghini family is located in Funo di Argelato (Bologna). This museum is open Monday through Friday for a fee of 15 euros. Take a virtual tour of the museum without ever having to leave your house! Another way to experience Lamborghinis is to drive someone else’s vehicle for a day on the track.

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    8205 supercars were sold in 2019 by Lamborghini

    Lamborghini’s Huracan produced 14,022 units in 2019 after just five years of production, surpassing Gallardo’s record of 10,024 units in 10 years. As a result, the Huracan is Lamborghini’s most successful model ever in terms of sales. Lamborghini’s sales grew by 43 percent in 2019. 8205 cars were sold by the brand during the period. As of 2021, there are 7,221 total Lamborghinis around the world.

    Lamborghini Murcielago used in the movie Batman Begins
    Lamborghini Murcielago used in the movie Batman Begins

    Certain cars, such as the Lamborghini, possess a certain elegance that is hard to find anywhere else. Cars are used in thrilling car chases that add to the excitement of a film or to portray the status of a wealthy character that is trying to impress.
    When they are used as props, their sleek and impressive lines are sure to turn heads no matter where they go.

    Over the years, Lamborghinis have appeared in countless films. Lamborghini Diablo, used in “Dumb and Dumber“, is an example of this. “Big” featured the Lamborghini Countach, while “Transformers: Age of Extinction” starred the Lamborghini Aventador. “Batman Begins” also includes a Lamborghini Murcielago Roadster.

    FAQ

    Who is the founder of Lamborghini?

    Ferruccio Lamborghini is the founder of Lamborghini.

    Who is the present CEO of Lamborghini?

    Stephan Winkelmann is the current CEO of Lamborghini.

    When was Lamborghini founded?

    Lamborghini was founded by Ferruccio Lamborghini in 1963.

  • Reasons How Castrol India witnessed a huge profit in Q1 2021

    In the first quarterly results of the leading lubricant player Castrol India, there was a huge rise in their profit and almost doubling of their net income compared to the previous year. It was announced during the company board meeting which was held on 26 April 2021. Let’s look at the reasons why Castrol India saw a huge profit in the Q1 of 2021.

    About Castrol India
    Results of Castrol India
    Reasons for the Profit
    FAQ

    About Castrol India

    Castrol India is an automotive and industrial lubricant manufacturing company. The company owns around 20% of the market share in the overall Indian lubricant market. The company was founded in the year 1910 and has its headquarters located in Mumbai, India.

    The company comes under the oil and gas industry. Some of the products of the company include Oil, petroleum, petrochemical and lubricants. In India, Castrol India is the 2nd largest manufacturer of automotive and industrial lubricants.

    In various parts of the country, there has been a slowdown in the industrial activities due to the second wave of the pandemic. The company has said that there have been disruptions in the supply of base oil, availability of raw materials and certain other challenges such as logistics and rupee depreciation.

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    Results of Castrol India

    On 26 April 2021 during the board meeting of Castrol India, the company had announced that its net income had more than doubled itself compared to the previous year. The first quarter net income for the month of January to March was about INR 243.6 crores against the previous quarterly results which were about INR 125.2 crores.

    The revenue of the company had grown to INR 1,138.7 crores in the first quarter from the previous year of INR 688 crores. The revenue of the company for the previous year which ended in December 2020 was about INR 2,996.9 crores and the net income of the company was around INR 582.9 crores.

    For the first quarter of 2021, the company’s revenue from operations has seen a growth of around 66% which amounted to INR 1,138.7 crores and Castrol India had seen their profit grow to more than double to INR 243.6 crores compared to the previous quarters INR 125.2 crores.

    The quarterly results were said in a statement by the Managing Director of Castrol India, Sandeep Sangwan.

    Total Income of Castrol India Ltd.
    Total Income of Castrol India Ltd.

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    Reasons for the Profit

    One of the main reasons for the increase in profits and the net income of the company is due to its exponential growth of the revenue of Castrol India. The Managing Director Sandeep Sangwan said that, the good numbers that were seen in the quarterly results were mainly due to the focused investment activities, actions and the interventions made by the company during the second half of 2020.

    The above set of actions included the steps such as the building of the brand, corrective pricing, Increasing the marketing and spending on advertisements for building brands and the introduction of new products.

    The achievement of the huge profit has also been supported by the improvement according to the trends and demand especially in the sales of SUV and tractor during the first quarter of 2021.

    He said that the increase in cash from operations that is INR 269 crore in the first quarter of 2021 was mainly due to the implementation of a cost efficiency programme and judicious working capital management. The cash from operations of Castrol India is equivalent to 1.1 times of the net income.

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    FAQ

    Is Castrol an American company?

    Castrol is a U.K.-based producer of industrial and automotive lubricants for a global market.

    Who is Castrol oil owned by?

    Castrol is a wholly-owned subsidiary of BP PLC.

    What does BP stand for now?

    BP stands for British Petroleum Company Limited.

    Conclusion

    The covid-19 pandemic has made it hard for most of the industries and Castrol India has also conveyed that the second wave will have an adverse impact on their demand and supply. This may be seen in the further quarterly results announced by the company.

  • List of all the Subsidiaries of Bajaj Group

    Bajaj group is one of the oldest, largest and one of the most renowned Indian conglomerate company. Bajaj group was founded in 1926 by Jamnalal Bajaj during India’s movement towards independence.

    The journey of Bajaj group started ninety years back with establishing a sugar factory in Lakhimpur Kheri, Uttar Pradesh. Now the company is amongst the top ten business houses of India.

    The chairman of Bajaj Group is Rahul Bajaj and has its headquarters based in Mumbai, Maharashtra. The company comprises of 40 companies as it has its footprint in many different industries such as spanning automobile, home appliances, lightning, iron & steel, insurance, travel and finance. The Bajaj group aims to cater the diverse needs of their consumers and add value with their innovation and vision.

    The Bajaj group has become so successful for more than 10 decades because of its subsidiaries like Bajaj Auto, Bajaj Finserv Ltd, Hercules Hoists Ltd, Bajaj Electricals, Mukand Ltd, Bajaj Hindusthan Ltd And Bajaj Holding & Investment Ltd, Etc.

    Bajaj Auto is currently ranked as the fourth largest two and three wheeler manufacturer in the world. Bajaj is popular brand in countries of Latin America, Africa, Middle East and South East Asia.

    The company has so far helped in the growth of many industries and upliftment of millions across the country. Under the guidance of Rahul Bajaj, the Bajaj Auto went from being Rs 72 million company to a Rs 120 billion company. Currently, the Bajaj Group has 90 plus years of experience with a market capitalization of Rs. 3.9 trillion as of 2018 and over 36,000 plus employees worldwide.

    A brief history of Bajaj Group
    The subsidiaries of Bajaj Group
    Frequently Asked Questions

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    A brief history of Bajaj Group

    The Bajaj Group of companies was founded by Jamnalal Bajaj in 1926 during the freedom struggle of India. Jamnalal Bajaj was also a known freedom fighter during the Indian independence and also a close confident of Mahatma Gandhi. In 1931 Jamnalal started a sugar factory in Lakhimpur Kheri of Uttar Pradesh which later becomes a flagship company of Bajaj group (renamed as Bajaj Hindustan Ltd in 1988).

    In 1954 the eldest son of Kamalnayan Bajaj took over the management of Bajaj Group, after completing his education in University of Cambridge. Kamalnayan Bajaj is responsible for expanding the business into the sectors of scooters, two and three wheeler, cement, steel and electrical appliances. The Bajaj Auto earlier known as Bachraj Trading Corp was founded in 1945.

    The history of Bajaj Group

    By 1948, Bajaj Auto has started its sales in the country by importing two and three wheelers. After the death of Kamalnayan Bajaj, his younger brother Ramkrishna Bajaj. Ramkrishna’s concentrated more towards social service and social welfare programmes of Bajaj Group. By 1965, Rahul Bajaj took over the business as the chairman and managing director of Bajaj Group.

    At that time, were many rules and regulation in India which is why the company was restricted to only producing 20,000 units a year. This created a gap between the demand and supply, Rahul Bajaj ignored the restrictions to increase its productions, reduce its cost in order to create what we now know as a beloved Indian brand.

    Under his leadership the company got into many selective international markets, and launched products that redefined entire categories in the market. In the 2000s, the company witnessed split’s as Rahul’s brother Shishir Bajaj, as they went their separate ways with Bajaj Hindustan and Bajaj Consumer Care. Bajaj group has revenue of more than Rs. 50,000 crore and is comprised of 40 companies all of them are managed independently by family members.

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    The subsidiaries of Bajaj Group

    Bajaj Auto Limited

    Bajaj Auto Limited is an Indian multinational two and three wheeler manufacturing company that has its headquarters in Pune, Maharashtra. The company is known to be the third largest manufacturer of motorcycles in the world and the second largest in India. Bajaj Auto is now a global behemoth thanks to the efforts of Rajiv Bajaj who steeped to become its Managing director in 2005.

    Bajaj Auto is popular for its motorcycles, scooters, auto rickshaws and a pioneer for introducing the first ever Quadricycle, Qute in India. The automobile company has manufacturing plants in Chakan in Maharashtra, Waluj and Pantnagar in Uttarakhand. In 2020, Bajaj Auto reached a market capitalization of $13.6 billion, making it the most valuable two wheeler company in the world.

    Bajaj Auto popular three wheeler
    Bajaj Auto popular three wheeler

    The most well-known vehicle of the Bajaj Auto is the Pulsar range of bikes which revolutionized the two wheeler market in the country as it was affordable and reliable. In 2007, Bajaj Auto went on to acquire KTM an Austrian company, which became the fastest growing motorcycle brand of the country in 2018 because of its Duke range of bikes. Bajaj Auto exports to 70 plus countries and has a significant share of revenue come from exports.

    Export share for Bajaj Auto FY 2020 by region
    Export share for Bajaj Auto FY 2020 by region

    Currently, the company offers a total of 18 bikes including 17 new bikes in India alone, out of which 3 are cruiser bikes, 10 commuter bikes, 3 sports bikes and 1 scooter. By 2021, Bajaj has got a total of 660 dealerships spread across 408 cities of India. In the year of 2018 to 2019, the company sold five million vehicles with the highest ever 1st turnover of Rs. 31,899 crores and over 2 million sales unit to over 79 countries.

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    Mukand Limited

    Mukand Limited is a Bajaj subsidiary that manufactures stainless steel and iron products, steel castings, steel structures, alloy steel and stainless steel billets and also an exporter of hot rolled bars.

    The company also manufactures Electrical Overhead Travelling (EOT), port equipment, process plant equipment for ferrous and non-ferrous industries and other cranes such as the country largest crane which has a capacity of 80 tons.

    about Mukand Limited

    The company was established by Seth Mukand Lal in 1929 in Lahore.  It wasn’t until 1989 that it was acquired by Bajaj Group. Mukand Ltd has a steel manufacturing and rolling capacity of more than 500,000 metric tons per year.

    It also produces over 400 different products that are specially engineered for clients across the world. The company is a leader of steel technology in India because of its use of advanced technology, sustainable in house research and development.

    Mukand is a pioneer in the industry because it was the first in India to successfully adopt the vacuum oxygen technology for manufacturing of stainless steel and also the fourth in the world to introduce the continuous cooling system for wire rods.

    In 2013 and 2018, the company formed joint ventures with Sumitomo Corporation of Japan. Mukand Sumi Special Steel Limited and Mukand Sumi Metal Processing Ltd are the two joint ventures between the two companies.

    Bajaj Electricals Limited

    Bajaj Electricals is an Indian consumer electrical equipment manufacturing company. This company that has its headquarters Mumbai, Maharashtra and is among the most trusted and well respected company with an experience of more than eight decades.

    The company is a leader in the industry of electronic consumer products and is known for its products in lighting (lamps, tubes and bulbs), luminaries, appliances, fans and LPG based generators.

    The Bajaj electrical home appliances
    Bajaj electrical home appliances

    It also has a strong presence in home appliance and cookware segments with brands like Morphy Richards and Nirlep. Bajaj Electricals also offer services in engineering and these projects usually include transmission line towers, telecommunication towers, high mast, poles, projects in wind and solar energy. This company has 19 branch offices, with more than 1000 distributors and 4000 authorized dealers across the country.

    It also has its products in over 400,000 retail outlets and 282 Customer Care centers. So far its highest turnover was Rs 6,744 crore in the FY 2018 to 2019. Bajaj Electricals has set up its offices in countries of Africa, Middle East and China and is also continuously expanding its global footprint.

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    Bajaj Finserv Limited

    Bajaj Finserv Limited is an Indian financial services company that provides services like lending, asset management, wealth management and even insurance. The company has more than 20,154 employees that are working in more than 1,409 locations and focuses on consumer finance business, life insurance and general insurance.

    According to the Economic Times, Bajaj Finserv is ranked 119 in the Economic times 500 list of 2014. The company is also listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Apart from providing financial services the company also is also known for its services in the wind energy generation with a capacity of 65.2 MW.

    Bajaj Finserv was earlier the financial wing of the Bajaj Auto, but the company demerged from Bajaj Auto in 2007. The company offers a wide variety of financial services for multiple needs, Investment and saving options, asset protection through general insurance, family protection and income protection provided under the life, health insurance, retirement and savings solutions.

    analysis of the companies of Bajaj Group 

    Bajaj Hindusthan Sugar Limited

    Bajaj Hindusthan Sugar Ltd is another major subsidiary of Bajaj Group. The company is known for being the number one sugar and ethanol manufacturing company which is headquartered in Mumbai, Maharashtra. It is also the largest sugar producer of the country. Bajaj Hindusthan is the country’s largest ethanol producer as it produces more than 38 million liters of ethanol per year.

    The company’s main sugar manufacturing plants in Gola Gokarannath and Palia Kalan in the Terai region of Uttar Pradesh which is rich in producing sugarcane. The Chairman of Bajaj Hindusthan Ltd is Kushagra Bajaj. BHSL is one of the first companies that was established by Jamnalal Bajaj in 1931, which was renamed in 1988 to Bajaj Hindusthan Sugar Limited.

    The company so far has over 14 manufacturing plants Golagokarannath, PaliaKalan, Khambarkhera, Barkhera, Kinauni, Gangnauli, Thanabhavan, Budhana, Bilai, Maqsoodapur, Pratappur, Rudauli, Kundarkhi and Utraula all in the state of Uttar Pradesh. The sugarcane crushing capacity of all these plants is 136,000 tons per day and a distillery capacity to produce 800,000 Lt of alcohol per day.

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    Hercules Hoists

    Another Bajaj Group subsidiaries which is a leader in an industry is Hercules Hoists known for the hoisting technologies. The company provides services such as Lifting, moving, storing which include Mechanical hoists, electric chain hoists, wire rope hoists, EOT/HOT cranes, light rail crane, ergonomic handling solutions, and floor operated stackers among others.

    So whether it is mechanical or electrical, the company will help their clients with hoisting and premium products. Hercules Hoists became a part of Bajaj group in 1962 and was made in collaboration with Heinrich de Fries from Germany.  The company has so far also helped develop other brands such as INDEF, Stier, iCRANE, iSTACKER in order to support the market for specialized products.

    Hercules Hoists has its corporate offices in Belapur, Khalapur and Chakan and sales office in Pune, Delhi, Kolkata and Chennai. The company also has a vast outreach with 50 Authorized Business Partners and close to 100 Authorized Retailers in the country.

    Frequently Asked Questions

    What does Bajaj group do?

    Bajaj Group is an Indian multinational conglomerate that provides services in sectors of Automobile, Financial services, Home appliance, Electrical appliances, Insurance, Manufactures iron and steel products, etc.

    What are the subsidiaries of Bajaj group?

    The subsidiaries of Bajaj group are Bajaj Auto Limited, Mukand Limited, Bajaj Electricals Limited, Bajaj Finserv Limited, Bajaj Hindusthan Sugar Limited and Hercules Hoists among others.

    Who is the chairman of the bajaj group?

    The chairman of the Bajaj group is Rahul Bajaj.

    Where is the headquarters of Bajaj Group?

    The headquarters of Bajaj Group is in Mumbai, Maharashtra.

    Conclusion

    Bajaj group is one of the largest, oldest and respected conglomerate in India, with a market capitalization of Rs 3.9 trillion. The company started more than 9 decades and is a leader in the sectors of Automobile, Financial services, Home appliance, Electrical appliances, Insurance, Manufacturing iron and steel products. With the success of every individual subsidiary under it the company is sure to grow bigger.