A number of essential launches, particularly in the premium and high-end area, controlled headings this week. The mass market segment might be slowing down however producers are all set to bank on the high-end and premium sections for sustaining development. Here’s an appearance at all the major advancements in the automobile space over the previous week:
Yamaha launches R1, Honda debuts Goldwing
Yamaha and Honda, 2 of the most significant Japanese players, debuted their superbikes– R1 and Goldwing respectively– in the Indian market to boost their existence in the growing sector of imported premium bikes.Yamaha, the 5th most significant two-wheeler maker in India, introduced its worldwide flagship model, the 1000cc YZF-R1 priced at Rs 20.73 lakh. Honda presented the 2018 version of the Goldwing, bookings for which have been opened by the Japanese business. At an ex-showroom price of Rs 26.85 lakh in Delhi, the Goldwing is Honda’s most costly bike on sale in the country.Land Rover introduces Range Rover Velar at Rs 78.83 lakh The Velar is available in 3
powertrains; a 2.0 litre, 4-cylinder 132 kW diesel, a 2.0 litre 4-cylinder 184 kW fuel and a 3.0 litre V6 221 kW diesel. Shipments of the Velar will start from January.TVS launches Apache 310 at Rs 2.05 lakh Chennai-headquartered two-wheeler maker TVS Motor Company introduced the much-awaited Apache RR 310 at Rs 2.05 lakh to go into the super premium bike section. The bike is the most effective developed by TVS and shares functions of the BMW 310GS, which is also made by TVS at its factory.The company wishes to offer 10,000 units of the Apache RR 310 in the very first year. The bike has a direct competitor in the Kawasaki Ninja 300 which is priced substantially higher at Rs 3.6 lakh. This is fifth model under production which bears the Apache brand.Toyota to increase rates Toyota Kirloskar Motors will< a href=" http://www.moneycontrol.com/news/business/toyota-mulls-price-hike-by-up-to-3-from-january-2456825.html "> hike rates by up to 3 percent from January. The business thought about the price rise after examining input and freight expenses periodically.Frequent fluctuations in the international
commodity costs and foreign exchange rates have actually impacted input costs on the domestic along with import fronts, the business stated in a statement.TVS Motor buys EV start-up TVS Motor, the maker of Apache bike and Jupiter scooter, got a 14.78 percent stake in Ulraviolette Automotive, a Bengaluru-based electric two-wheeler
and energy facilities startup for slightly more than Rs 5 crore.Ultraviolette Automotive wased established by Niraj Rajmohan(CEO )and Narayan Subramaniam(CTO )– alumni of BMS College of Engineering, Bengaluru– in December 2015
. TVS is separately developing electrical vehicles and the first amongst such products, an electric scooter, will be released next year.