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Indian automotive firm TVS Motor Company is looking to enter more markets in Europe, including Spain and Portugal, as part of its global footprint expansion, according to its Chairman Sudarshan Venu. The company, which made its debut at the global two-wheeler exhibition EICMA 2025 here unveiling six new products across ICE and electric powertrains, feels that with an expanding portfolio it is time for it to tap 'industrialised markets', Venu told PTI in an interview. "I think it is the beginning of TVS' progress towards industrialised markets. Typically, we are focused on emerging markets," he said when asked about the company's focus on Europe. At EICMA 2025, the company showcased the TVS Tangent RR Concept, a supersport bike; electric motorcycle concept TVS eFX three O; TVS M1-S, the company's first electric maxi scooter; TVS Apache RTX 300, a new adventure tourer bike; a born-electric bike TVS X and TVS RTR HyprStunt Concept, an urban sports motorcycle. The TVS Apache RTX 300 is
Automobile exports from India rose 26 per cent year-on-year in September quarter driven by highest-ever shipments of passenger vehicles, two-wheelers and three-wheelers during the period, as per the latest data released by industry body SIAM. Passenger vehicle exports grew 23 per cent to 2,41,554 units in September quarter as against 1,96,196 units in the same period of last fiscal. Passenger car exports grew 20.5 per cent to 1,25,513 units in the second quarter as against 1,04,196 units in the September quarter of last fiscal. Similarly, utility vehicle shipments rose 26 per cent annually to 1,13,374 units in the July-September period. Van exports also grew 39 per cent year on year to 2,667 units in the year-ago period. Maruti Suzuki India led the space with shipments of 2,05,763 units followed by Hyundai Motor India with 99,540 units in the period under review. Two-wheeler exports saw an increase of 25 per cent to 12,95,468 units in July-September period as against 10,35,997 un
Logistics cost in India will come down to single digit by December this year, helped by rapid expansion of expressways and economic corridors, Union Minister Nitin Gadkari said on Friday. Addressing ASSOCHAM Annual Conference 2025, Gadkari further said a recent report prepared by IIT Chennai, IIT Kanpur and IIM Bangalore has revealed that India's construction of expressways and economic corridors has helped reduce the country's logistics cost to 10 per cent from 16 per cent earlier. "India's logistics cost will come down to 9 per cent by December, which will help India become more competitive. I am sure that 100 per cent it is going to give benefit to our industry, our exports will be more competitive," he said. Logistics cost is 12 per cent in the US, 12 per cent in European countries and 8 to 10 per cent in China. Talking about India's automobile sector, the minister said, "Within five years, our target is to make India's automobile industry the number 1 in the world." "When I t