Price band of ₹481 – ₹506 per equity share bearing face value of ₹5 each (“Equity Shares”)
Bid/Offer Opening Date – Tuesday, December 13, 2022 and Bid/Offer Closing Date – Thursday, December 15, 2022.
Minimum Bid Lot is 29 Equity Shares and in multiples of 29 Equity Shares thereafter.
The Floor Price is 96.20 times the face value of the Equity Share and the Cap Price is 101.20 times the face value of the Equity Share.
A Discount of ₹48 Per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion.
by : Mark Prakash
It’s no surprise that the world is evolving rapidly as each day passes and to keep up with the latest technologies and trends, we must continuously update ourselves to reap the benefits of the substantial growth & development which we notice on a daily basis. The Telematics industry is no different… as in order to ensure better connectivity, higher speeds and several other benefits, they are continuously upgrading the hardware & software. As the Telematics scenario in India sets its aim towards competing on a level playing field with the rest of the world, The push to transform from 2G to 4G spectrum is in a full flow and we are excited to be a part of this! Continue reading “The future of 4G Telematics in India & the iTriangle Solution”
by WAF Think Tank
WAF is the destination of choice of Top Brands, Cos & Start ups to showcase their best.
Business happens at WAF. There are countless stories of people coming together to connect, share, grow and win!
A few moments from various summits through the years
WAF gives Booth Space now and has discontinued the Booth Octanorm Structures for greater creative freedom to the exhibitor and the new age look with openness!
by WAF Think Tank
WAF First is the community of Top Industry Leaders. Membership to WAF First is only on Invitation.
200+ CXOs have been inducted to WAF First in the last one year.
More joining soon…
WAF First members are from the following organisations
Auto Makers :
Honda, Stellantis, Renault, MG Motor India, VW, Maruti Suzuki, Nissan, Fiat- Tata JV, Hero, TVS, Bajaj Auto, Mercedes-Benz, BMW, Hyundai, Kia, Ford, General Motors, Great Wall Motors, Ashok Leyland, Volvo Eicher, Tata Motors, JCB, AL Mansour Automotive Egypt
New Delhi, 19th October 2022: Aligned with the Government of India’s vision to promote the usage of biofuels for transportation, the Society of Indian Automobile Manufacturers (SIAM) conducted an International Conference on ‘Biofuels – A Pathway towards Sustainable Future’, at Hotel Taj Palace, New Delhi. The Conference was organized as a part of year-round activities to promote ethanol. The program witnessed participation from automotive industry experts, government officials, academia, and other stakeholder associations including the ambassador and experts from Brazil.
•VW Taigun has evoked great market response since its launch last year
•The SUV has a high level of localisation without compromising on the German engineering and high quality standards
•40 + Safety features on the Taigun.
The Global New Car Assessment Programme (Global NCAP) is a major project of the Towards Zero Foundation, a UK registered charity. It promotes the universal adoption of the United Nation’s most important motor vehicle safety standards worldwide.
Source : PTI
Delhi government has reportedly received over 2,000 complaints flagging old or abandoned vehicles parked in the capital city in just two days. Complaints started flowing in as soon as the government issued WhatsApp number dedicated for the purpose, as reported by PTI. The service has been opened up to allow RWAs and market associations to report old cars parked around the city.
Citizens, RWAs and market associations immediately started sending pictures and reporting parked old cars around Delhi. However, the transport department does need to verify the details of these vehicles to ascertain their age and if they are unfit to run in the capital city. The details of the vehicles will be verified through the registration database of the transport department. As per authorities, there are approximately 25 lakh old and unfit vehicles in the capital city currently. If an old vehicle is reported and verified to be of unfit age, they will be impounded and handed over to authorised scrapping centres. The WhatsApp helpline can be reached on +91 8376050050
Rise in Pollution…Depletion of the ozone layer and valuable resources getting exhausted are just a few of the symptoms of an extensive issue that has not only plagued the Environment but also jeopardized the future Generations from being able to use various resources for development and prosperity. The Automobile industry, one of the core sectors effecting our daily lives has recently been on the forefront of this battle to Combat this issue in their own way by introducing and promoting the use of Electric Vehicles to replace Petrol based vehicles to strive towards utilizing fuel alternatives. As the culture of Automobile Giants like Tesla, Tata and Hyundai introducing better and progressively efficient Electric Vehicles in the Market continues in this day & age, it has risen the need for Telematics in the EV industry for these Vehicles to provide competitive features to the end user so that a smarter choice can be made to invest in Electric vehicles and venture towards a cleaner ecosystem. Continue reading “The iTriangle mission to Create & Sustain a Connected, Secure, Safe and Efficient Ecosystem for the Electric Vehicle Industry through Telematics and Mobility”
by WAF Think Tank
•Learn the Sales Sutras right from the Auto Sales Gurus
•Earn WAF Masterclass Certificate of Participation
•Benchmark yourself with other Industry colleagues
•Book Early to avoid a Sold out situation! It’s a WAF Masterclass! Continue reading “Automotive Sales Masterclass | Learn from the Industry Gurus directly”
India is adopting Technology, everywhere possible…and we’re here to Help!
It is heartening news that the AIS140 mandate from MoRTH that requires all public /passenger Transport Vehicles to be installed with vehicle location tracking devices, is being implemented by most of the states in India. The effective implementation goes a long way in ensuring safety, security, and compliance. An effective implementation that achieves the objective of MoRTH (Ministry of road transport & Highways) requires that the VLT devices must be active, in working condition and should send data to the enforcement agencies. Continue reading “iTriangle’s AIS 140 certified devices are now integrated with the Gujarat Pollution board’s tracking & Monitoring portal as per the mandate”
•Most-awarded SUVW, the Volkswagen Taigun completes one phenomenal year in the premium mid-size SUV segment in India
•The Taigun First Anniversary Edition is available for customers in three vibrant colours that would add to their Bold & Dynamic personality; A brand new colour ‘Rising Blue’ along with the Curcuma Yellow and Wild Cherry Red
•The First Anniversary Edition will be available across the 152 Volkswagen touch points in India
“Business opportunities are like buses, there’s always another one coming.” – Richard Branson. Success never comes easy, the ladder to reach the top of any industry requires an organization to undergo immense amount of planning and executing their plans diligently and efficiently. Several mistakes are made in the process of getting things right, but the organizations which reach the top, conquer the world of business with the philosophy of making mistakes but never repeating the same mistakes and not giving up. In this volatile and ever-growing corporate world, it is easy for an organization to get lost in the clutter due to lack of market research and inability to upgrade their offerings according to the requirements and expectations of the market to always require the latest products and services at the most affordable prices. In line with the rapid technological developments and advancements, the Telematics industry in the last decade has been at the crux of meteoric rise and evolution in its impact to the Automobile sector. Continue reading “The iTriangle approach to bring in Advanced Telematics Solutions to Commercial Segment Vehicles”
by Aviyukta Adlakha
Established in 1989, S.S. Rana & Co. celebrates its 33 glorious years of being a premier Intellectual Property and Corporate Law firm having its presence all over India. It is one of the very few IP law firms in India registered as an Advocate-on-Record (AOR) with the Hon’ble Supreme Court of India and is a single point of contact for representation in all Courts in India as well as SAARC regions.
The firm’s long-standing relationship with many Fortune 500 companies and several esteemed international and national corporations verbalizes the laurels of its diligent legal services. This dedicated team of 9 partners and virtually 170 proficient employees, has bagged sundry awards over more than three decenniums.
The firm is recommended by prestigious legal directories such as Chambers and Partners, Legal500, Indian Business Law Journal, Benchmark Litigation, and Asialaw Profiles in all areas of practice, including Arbitration-Litigation, Projects & Energy, Intellectual Property, and employment practices among others.
by WAF Think Tank
•Top Auto Leaders share their vision & experiments with AI, IoT & Telematics
•Opportunities and Caveats both discussed for Action!
•WAF Industry Best Practice Ceremony also held
The 6th WAF-it 2022 Program, on Artificial Intelligence, Internet of Things, and Telematics, was organised recently at the hotel Pride Plaza, Aerocity, New Delhi, by the World Auto Forum in yet another effort of theirs for top bellwethers to converge and also to offer us the opportunity to connect with top automotive heads and experts of the Auto industry. This program was powered by iTriangle, India’s No.1 and fastest growing telematics and IoT company.
by WAF Think Tank
1K EV Chargers in 1k days at residential colonies and societies across India! Now that would take guts, grit, resources, focus and execution like clockwork!
Earlier this year, Morris Garages India resolved to make this happen and they have been at it, one EV Charger, One Residential colony at a time! It’s called the MG Charge Program
It is to break the status quo! That hitch, that reluctance to go electric! You may not have a gas station at your society but would have an EV Charger thanks to MG Charge Program ! Tempted to go electric ?
WAF recognised this unique MG Charge Program as an Industry Best Practice at the recently held #wafit2022 for other Car Cos to get inspired and follow.
by Aviyukta Adlakha
•Last week during the Onam festivities at Kerala, Volkswagen Kochi delivered 175 cars in one day which also included the Taigun and Tiguan
•WAF declared these nationwide Mega Delivery Events of VW Virtus as a WAF Industry Best Practice for the Industry to get inspired and follow!
Volkswagen India has shouldered a sizably voluminous distribution program for its incipient midsize sedan Virtus. In this program, VW has distributed over 2000 units of Virtus across India in a period of over a fortnight from its launch date in the Indian market. Virtus engendered a national record in the ‘ India Book of Records ’ by becoming the single most delivered sedan in India.
German luxury carmaker Mercedes-Benz on Monday named Santosh Iyer as the Managing Director & CEO of the Indian operations with effect from January 1, 2023.
Mr Iyer, 46, is currently working as Vice President, Sales & Marketing and would be the first Indian to lead Mercedes-Benz India operations. Continue reading “Santosh Iyer Appointed As Managing Director, CEO Of Mercedes-Benz India”
– With the increasing acceptance and demand for the new Volkswagen Virtus, the Brand has introduced the carline under its Omni-channel mobility solutions of
Subscription and Leasing models
– The Subscription and Power Lease ownership model on the Volkswagen Virtus enables customers to own the sedan with just one month’s security deposit and an advance rental Continue reading “Volkswagen expands its Omni-channel mobility solution to the all-new global sedan Virtus”
It is heartening news that the AIS140 mandate from MoRTH that requires all public /passenger Transport Vehicles to be installed with vehicle location tracking devices, is being implemented by most of the states in India. The effective implementation goes a long way in ensuring safety, security, and compliance. An effective implementation that achieves the objective of MoRTH (Ministry of road transport & Highways) requires that the VLT devices must be active, in working condition and should send data to the enforcement agencies. Continue reading “India is Changing for the better! Latest AIS 140 policy updates by the Punjab Govt. and the iTriangle Solution”
by WAF Think Tank
Today is a historic day! We celebrate 75 years of India’s Independence. The Automotive & Mobility Industry leaders commemorate this special day with a special video message. Here they share the top most contributions they are making to the Nation and the Industry.
WAF First is the community of Top Industry Leaders. Membership to WAF First is only on invitation and for life. You can connect with WAF First Members at WAF.bz
Now let’s watch the Special Azadi ka Amrit Mahotsav Video of WAF First Members at WAF TV
by WAF Think Tank
Every organization is built on the foundation of its founding members who not only form the backbone of the company but also act as the most important drivers of planning, executing and supporting the organization towards achieving great success. Without these corporate superheroes, the company would crumble due to a lack of direction and motivation of staying true to the mission, vision and goals of the firm. With over 17 years of experience in the field of embedded systems in which 15 years was solely dedicated towards building the finest quality in Telematics Devices of which more than 650,000 units have been delivered across India, Southeast Asia, the Middle East and North Africa…meet our Superhero and the technical Director of iTriangle Infotech Pvt Ltd who has driven our organization towards 500% growth since its inception, Mr. Kiran A R. Continue reading “Kiran A R – The Silent Tech Guru Behind the success of iTriangle”
H1-2022 registered highest ever half-yearly Battery Electric Vehicle sales of 20,440 units. June 2022 is the all-time best sales month with 4,451 units. Tata Motors command 92% Indian BEV market share. Tata Nexon EV is best selling product followed by Tata Tigor EV.
by WAF Think Tank
•Scooter Price Range between 1.44 Lakh – 2.16 Lakh Approx
•Booking Starts with Just INR 999 , from August 8 2022 at EVeium showrooms in Pune, Hyderabad, Bangalore and Calicut (Ex Showroom) Continue reading “Indian EV Brand EVeium launches three electric scooters – COSMO, CZAR, COMET”
H1-2022 registered highest ever half-yearly sales of 18,26,483 vehicles. 2022 average monthly volume stood at 3,04,414 mark – which is the highest in the history of Indian PV sales! March 2022 and June 2022 are 2nd and 3rd best sales month in entire history. Improved supply side situation and demand spillover from 2021 are the major factors. Continue reading “Indian Passenger Vehicle Industry Analysis – H1 2022”
by Mark Prakash
The rise & requirements of Telematics has spread its wings across a plethora of industries and market segments such as Transportation, Health care, Electric vehicle segment, Government Compliance and many more! The latest industry to have caught on the numerous benefits of incorporating Telematics into is the vehicle Insurance sector.
Vehicle owners will very soon be able to purchase tailormade Analytics-based insurance which will focus on individual’s driving behaviors and will follow a ‘pay as you drive’ policy which will revolutionize the Vehicle insurance sector and provide numerous benefits to the Vehicle owners as well as insurance companies to get a better understanding and an opportunity to get information much more effectively and efficiently. Continue reading “The rise of Insurance Based Telematics and the iTriangle Solution…”
WILMINGTON, Del., July 13 (Reuters) – Twitter Inc (TWTR.N) has sued Elon Musk to force him to go through with the $44 billion acquisition of the social media company. read more What happens if Twitter succeeds and the world’s richest man, who regularly taunts securities regulators, refuses to comply with the court order?
CAN A COURT ORDER MUSK TO BUY TWITTER? Continue reading “Explainer: Can Elon Musk defy a court if ordered to buy Twitter?”
SHANGHAI, July 11 (Reuters) – A slump in commercial-vehicle demand led China’s automobile industry association on Monday to downgrade its sales forecast, as anti-pandemic measures weighed on the economy and its car market, the world’s largest.
The industry will sell 27 million cars this year, up 3% on 2021, the China Association of Automobile Manufacturers forecast, cutting its outlook from the 27.5 million sales and 5.4% growth it predicted in December. Continue reading “China auto industry cuts 2022 outlook as commercial demand slumps”
Around 3,20,609 passenger cars were sold in the Indian market for June 2022. The sales increased over 25% when compared to June last year. Industry recorded its second highest monthly volume in June’22 for 2022! It also crossed 3 Lakh dispatch figure for the third month in this calendar year.
by WAF Think Tank
Mega deliveries planned for the recently launched new Volkswagen Virtus across India
Reigniting the premium midsize sedan segment with over 2,000 Volkswagen Virtus delivered to customers over a period of two weeks from its launch in the Indian market
The Virtus has created a national record at the ‘India Book of Records’ by being the single most sedan to be delivered to 150 customers by a single dealership in one day in Kerala
Bringing back the love and admiration for the sedan segment by customers, with the entry of the new Volkswagen Virtus
by WAF Think Tank
It seems like a fairy tale!
A luxury car within a week of its launch vrooms ahead to create a new national record and thereby enters the India Book of Records!
German Engineering, Amazing Driving Experience, Great Features, Gorgeous Looks, Spacious and Plush Interiors, Reasonable Cost of Ownership come together in the #VWVirtus
by WAF Think Tank
•UAE based META4 Group enters India with Voltly Energy for Smart Green Mobility Initiatives
By WAF Think Tank
•MG Motor India creates history by being the first Auto Maker with its Metaverse Offering
•Multiple virtual spaces on a common encompassing platform – MGverse
•An Innovative step to engage the millennials while they work, play, collaborate, socialise and shop Continue reading “MG Motor India Launches Metaverse Platform – MGverse”
Tata Motors, on the occasion of the World Environment Day, signed an agreement with BluSmart Electric Mobility for delivering 10,000 XPRES T EVs to the company. This deployment of 10,000 units makes this the biggest ever EV fleet order in India. With deliveries starting soon, these vehicles are an addition to the 3,500 XPRES T EV order, which was signed by both the companies in October last year, and will be used across the country for commuters, in turn helping minimize the carbon footprint. Continue reading “Tata Motors signs an agreement with BluSmart Electric Mobility for 10,000 XPRES T EVs”
Mumbai, June 2nd 2022 – In a development that is expected to boost electric vehicle (EV) adoption and mobility in India, MG Motor India and Castrol India are set to collaborate with Jio-bp to explore mobility solutions for electric cars. Under the partnership, Jio-bp, MG Motor and Castrol will explore setting up four-wheeler EV charging infrastructure and expand Castrol’s existing auto service network to cater to EV Customers.
The partnership is in line with Jio-bp and MG Motor’s commitment to provide a vast and reliable charging infrastructure to electric car customers and accelerating EV adoption in India. Jio-bp is creating an ecosystem that will benefit all the stakeholders in the EV value chain and last year, the company constructed and launched two of India’s largest EV charging hubs. The JV’s electric mobility business, offering charging infrastructure to Indian consumers, operates under the brand Jio-bp pulse. With the Jio-bp pulse mobile app, customers can easily find charging stations nearby and seamlessly charge their EVs. Continue reading “Jio-bp, MG Motor and Castrol sign partnership to boost Electric Mobility in India”
Around 2,94,087 passenger cars were sold in the Indian market for May 2022. The sales increased 185% when compared to May last year. The spike is due to low base last year which was primarily impacted due to Covid-19 induced restrictions. However, the Industry remained flat when compared to April 2022 and is still grappling with semiconductor supplies.
by WAF Think Tank
The Volkswagen India team had invited Team WAF for the Unveiling of their upcoming sedan the VW Virtus.
Till we saw the car, our minds were full of ” 5 Whys”
- Why a Sedan in an SUV Obsessed market ?
- VW dealers & customers are lately used to VW SUVs ?
- Why not continue with the SUV Dream run ?
- Why a Sedan around the price point of several other Popular SUVs ?
- Why now ?
by Anita Bahadur
It was hardly a coincidence that World Auto Forum hosted the EV Innovators’ Network EVIN 2022 on World Earth Day, at Holiday Inn, New Delhi Aerocity – to talk about how best this upcoming mode of transport can positively impact the environment. The conference brought together the best brains in EV Tech, Business, and R&D Ecosystems, thought leaders and innovators to analyse and action the course of electric vehicles in the near future.