Terra Motors Appoints L5 Dealership to Top L3 Dealers in Varanasi; 200km Range from Rs.3.65L, Zero Down Payment; Targets 100 Dealers in India
NewsVoir
Gurgaon (Haryana) [India], June 18: Terra Motors, a Japanese electric vehicle OEM, has appointed its first L5 category dealer in India, marking a milestone in its nationwide expansion plan. The new dealership, M.M. Enterprises, located in Varanasi, will take charge of Terra's L5 sales and service operations in the region, offering the flagship model Kyoro+, a high-speed (L5) electric 3-wheeler designed for urban and semi-urban transport.
This appointment comes in response to the overwhelming interest generated post-launch. Since the official unveiling on May 27, Terra Motors has received over 100 dealership enquiries within just two weeks. Its a signal of the market's readiness for the high-speed auto segment. Terra Motors is now actively onboarding forward-looking dealers, with a specific focus on partners from both existing L3 markets and established L5 territories.
"This is more than just our first dealer appointment - it's the milestone for our aggressive expansion strategy," said Mr. Go Suzuki, Managing Director, Terra Motors India. "We are witnessing a shift in how cities approach clean mobility. With Kyoro+, we aim to lead this transformation by offering a product that is high on performance and accessible through flexible finance options like zero down payment. The appointment in Varanasi reflects the power of the product-market fit and our intent to grow rapidly across Uttar Pradesh."
With many L3 (e-rickshaw) dealers facing regulatory restrictions in key city areas, Terra Motors is encouraging them to transition to the growing L5 segment. The newly appointed dealer, M.M. Enterprises, had been operating in the L3 category with one of the leading OEMs with strong sales volume, but identified the potential in L5 due to evolving local traffic norms limiting CNG and e-rickshaws on main roads. Recognising this shift, he was attracted to Terra's L5 offering. Mukhtar Ansari, proprietor of M.M. Enterprises, shared, "We're excited to partner with Terra Motors and introduce a product that ticks every box - mileage, comfort, price, and most importantly, financing for end customers."
The Kyoro+ is engineered for efficiency and comfort with a range of 200 km, 5-year warranty, and on-road price starts from Rs. 3.65 lakh. Backed by Terra Finance's zero down payment offer, it becomes one of the most compelling choices in the L5 passenger vehicle category.
This announcement is just the amplification of Terra Motors' aggressive dealer network expansion for the L5 segment. We're inviting established L3 dealers to upgrade with us and lead the L5 shift in your city. Be among the first in your region. The company aims to establish a strong footprint across key Indian cities by onboarding dealers with EV OEM background.
Terra Motors Corporation is a leading Japanese manufacturer of electric two- and three-wheelers, founded in April 2010 and headquartered in Tokyo. The company operates production plants in India, Bangladesh, Vietnam, and Japan, serving markets across South and Southeast Asia, including India, Nepal, Taiwan, and Thailand. Since entering India in 2014, Terra Motors has rapidly expanded its presence, establishing over 400 dealers by 2024, and continually increasing its production capacity. Terra Motors also operates Terra Charge, its dedicated EV charging infrastructure division, with the goal of deploying up to 1,000 charging points in India to support the country's growing electric mobility ecosystem. The company remains committed to sustainable mobility and actively supports India's "Make in India" initiative through innovative electric vehicle solutions. For dealership inquiries or to book the electric vehicle, please contact us at ev.auto@terramotors.co.jp or WhatsApp us at +91 91477 52921.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
11 minutes ago
- Indian Express
QS rankings: IIT Delhi jumps 27 ranks, tops India list, is 123 globally
For the first time in eight years, IIT Delhi emerged as the highest-ranked Indian institution in the QS World University Rankings 2026, trumping IIT Bombay, which had reigned supreme among the country's institutions in six editions of these rankings over the past decade. Standing at 123 this year, IIT Delhi jumped 27 ranks compared to 150 last year. In contrast, IIT Bombay dropped 11 ranks to 129. With no Indian institution having made it to the global top 100 in these rankings so far, IIT Bombay's 118 last year is the closest the country's institutions have been to that mark. Globally, Massachusetts Institute of Technology (MIT) topped the list for the 14th year, followed by Imperial College London, Stanford University, University of Oxford and Harvard University. For the number of institutions on the list overall, India ranked fourth (54) after the USA (192), the UK (90) and China (72). Over the past decade, IITs Bombay and Delhi, and Indian Institute of Science (IISc) Bangalore, have stood in the top three positions among Indian institutions. The last time IIT Delhi was the highest ranked was in QS 2018 (172), while IISc was top-ranked in 2023 (155), and in 2016 and 2017. In all other years over the past decade, IIT Bombay topped its Indian peers. This year, IIT Delhi's performance has been buoyed by an improvement across certain metrics. In response to questions, QS said that IIT Delhi made 'notable progress in Employer Reputation (+23 places), Citations per Faculty (+40), Employer Outcomes (+21), and especially in Sustainability, where the institution rose by an impressive 252 places.' It said: 'The substantial gain in Sustainability reflects both genuine improvements and more accurate data reporting.' IIT Delhi scored better than IIT Bombay on metrics like citations per faculty (93.1 Delhi vs 82.9 Bombay), international student diversity (6.3 Delhi vs 1.5 Bombay), international research network (66.9 Delhi vs 46.6 Bombay) and sustainability (79.9 Delhi vs 75.2 Bombay). QS described sustainability as 'our newest metric', which is 'still evolving'. 'It comprises over 50 indicators, with data coming from a mix of university submissions (which are subsequently validated by QS), public sources, bibliometric databases, and survey results. Many universities are still in the process of adapting to this complex framework and refining their reporting practices,' it said. IIT Bombay scored better than IIT Delhi on metrics like academic reputation, employer reputation and employment outcomes – 72.6 vs 50.5, for instance, on employment outcomes. Prof Vivek Buwa, Dean (Planning) and head of the rankings cell at IIT Delhi, highlighted the institute's performance on the key parameters listed. On citations, he said: 'Some of the importance or success of publications of our colleagues and students is how many people are using it or citing it in their work. That is determined by citations per faculty… Over the years, IIT has advanced significantly in the research ecosystem — IIT is an Institution of Eminence. That status and the funding it received helped. With that grant, we set up equipment worth Rs 200-300 crore. The research facilities have helped with publications in good journals.' Buwa said, 'The institute has started bilateral research collaborations with universities in different parts of the world. That has led to international visibility, and joint publications with international universities. That has also helped the institute.' In the global rankings, the IITs dominate the top 10 Indian institutions. In addition to IIT Delhi and Bombay, IIT Madras (ranked 180, up from 227 last year) is the only other Indian institution to feature in the top 200 ranks globally. It has made it to the top 200 for the first time. The others in the top 10 nationally are IIT Kharagpur (215), IIT Kanpur (222), IIT Guwahati (334) and IIT Roorkee (339). Apart from the seven IITs, the Indian Institute of Science (219, down from 211 last year), Delhi University (328, same as last year), and Anna University (465, a sharp drop from 383 last year) are among the institutions in the list. Of the ten, all of which are public institutions, five have seen an improvement in rank compared to last year, four saw a drop. According to global higher education analysts QS Quacquarelli Symonds, the number of Indian institutions in the rankings has seen a 390% increase over the past decade — from 11 in 2015 to 54 this year, up from 46 last year. With eight new institutions from India appearing in the rankings, this is the most that any country has added to the list this year, according to QS. Globally, over 1,500 institutions made it to the rankings this year. Of the eight new Indian institutions on the list this year, seven are private, with IIT Gandhinagar (rank 801-850) being the exception. Ashoka University and Shiv Nadar University — both with a rank of 1201-1400 — Christ (Deemed to be University) in Bengaluru (1401+), Kalinga Institute of Industrial Technology (1001-1200), and Lovely Professional University (901-950) are among the other institutions on the list. Asked about the new Indian institutions this year, QS said: 'This increase is the result of a combination of factors. Some of these institutions submitted data to QS for the first time, while others may have participated previously but only met the full eligibility and inclusion criteria this year.' Some Indian institutions made it to the top 100 only for certain metrics. In terms of faculty citations, the metric with the second highest weightage (20%), eight institutions made the cut, with the Indian Institute of Science ranking 15 globally, a drop of four ranks from last year. Anna University followed with a global rank of 23. Among the IITs, IIT BHU (Varanasi) performed best on this indicator, ranking 47 globally. On employment reputation, which carries a 15% weightage in the overall score, IIT Bombay fared best among Indian institutions, with a global rank of 39. While five Indian institutions were in the global top 100 for this metric, only two made it to the top 100 in employment outcomes (weightage of 5%) — University of Delhi and University of Mumbai. However, on academic reputation, which carries the highest weightage (30%), no Indian institution made it to the global top 100. Of the 46 Indian institutions that featured in last year's rankings, only five saw an improvement in their global ranking on this metric — IITs Delhi, Bombay, Madras and Kanpur, and Chandigarh University. Vellore Institute of Technology (VIT) performed the same, while the rest saw a decline.
News18
23 minutes ago
- News18
8th Pay Commission: What Changes Can Employees Expect in Basic Pay and Allowances?
Last Updated: The 8th Pay Commission is set to revise and enhance salaries and pensions for central government staff and retirees. The Indian government has given the green light to the 8th Pay Commission, which will update the salaries and pensions of more than 1 crore central government employees and retirees. The changes are expected to take effect from January 1, 2026. One of the main things being looked at is the 'fitment factor", a number used to calculate revised pay. In the 7th Pay Commission, this factor was 2.57. For the 8th Pay Commission, it may go up to 2.86. If that happens, the minimum basic salary could rise from Rs 18,000 to around Rs 51,480, and the minimum pension could go up from Rs 9,000 to Rs 25,740. The final decisions will be made by the members of the newly formed commission. The upcoming 8th Pay Commission is likely to introduce major updates to how government employees are paid. Here's a simplified breakdown of what could change: – Expected Changes in Pay and Location-Based Allowances In addition to changes in basic salary, allowances such as House Rent Allowance (HRA) and Travel Allowance (TA) are also likely to be updated, depending on where an employee is posted and how much travel their job involves. As a result, two employees with the same pay grade might still earn different total amounts due to differences in their allowance entitlements. Central Government Health Scheme (CGHS): CGHS subscription rates are linked to salary slabs. So, with an increase in basic pay, CGHS charges are also expected to be revised in line with the new pay structure. – Estimated Salary Hikes Across Different Pay Grades Based on a proposed fitment factor of 2.28, estimated salary revisions have been worked out for various government pay levels. Here's a look at how the revised pay could shape up: – Grade 2000 (Level 3): The basic salary is expected to rise to Rs 57,456. Including allowances like HRA and TA, the gross monthly salary may reach Rs 74,845. After standard deductions, the estimated take-home pay would be around Rs 68,849. – Grade 4200 (Level 6): With a revised basic pay of Rs 93,708, the gross salary could total Rs 1,19,798. The net monthly salary, after deductions, is projected to be about Rs 1,09,977. – Grade 5400 (Level 9): The basic pay in this grade is estimated to go up to Rs 1,40,220. When allowances are added, the gross salary could touch Rs 1,81,073. The net take-home salary may be around Rs 1,66,401. – Grade 6600 (Level 11): The revised basic salary could be Rs 1,84,452. Including all allowances, the gross monthly income is likely to reach Rs 2,35,920. After deductions, the take-home pay is expected to be approximately Rs 2,16,825. Disclaimer: All the revised salary figures provided are based on early estimates and projections. The actual amounts may differ depending on the final recommendations made by the 8th Pay Commission and the decisions taken by the government.
Time of India
23 minutes ago
- Time of India
Incubation Nation: Where ideas reign and entrepreneurs rule
Jaipur: Rajasthan has over 6,165 startups registered with the Department of Information Technology and Communication (DOITC), many of them getting a leg-up through incubation centres mushrooming across the state. The incubation centres—established by govt, private institutions and universities, are contributing to strengthening the state's startup ecosystem. Additional director, DOITC, Tapan Kumar, said, "Our vision through initiatives like iSTART is to transform Rajasthan into a fertile ground for entrepreneurship. We're supporting startups with structured mentoring, seed funding, incubation centres, and access to a wider market. The state is not just creating jobs, it's creating job creators." Of 4,356 approved registered startups, 828 have already been funded with a disbursal of Rs 40.95 crore. The growth has been inclusive in nature, with 2,194 women-led startups breaking stereotypes and building legacies. \The ecosystem also nurtures 139 graduate-run ventures and 109 startups led by students, signalling that innovation is being seeded at the academic level and harvested early. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Godrej Majesty | Luxurious 3 & 4 BHK Homes at ₹2.39 Cr* Godrej Majesty Learn More Undo Together, these ventures have created nearly 40,000 jobs and attracted Rs 1,005.42 crore in investments. Some examples of home grown startups from Rajasthan include skincare brand Minimalist, DealShare, and e-commerce platform Frontier Market, all of who received early-stage support under the iSTART scheme and unicorns in the making. "We built our first drone prototype using the 3D printer at the incubation centre and tested flight simulations with their VR setup. The mentorship we received helped us avoid early-stage mistakes, and the Rs 5 lakh seed grant gave us the boost we needed to take off," said Nitiman Mathur from Kapexa. "I'm not from a tech background, but with their support, I was able to build my startup's website and app from scratch—even without any technical knowledge," shared Saurabh from KishanBill Agritech. Universities: The Silent Accelerators The unsung hero of Rajasthan's startup success story is its university ecosystem. From Jaipur to Udaipur, institutions are offering co-working spaces, seed grants, mentorship, and technical support—often at negligible costs. "Universities are the earliest touchpoint for entrepreneurial ambition. By offering support with minimal barriers, we're helping students dream bigger and execute faster," said Mahavir Pratap Sharma, startup mentor and key ecosystem enabler. Private incubation centres are also conducting regular mentoring sessions, offering legal and technical hand holding, and connecting startups to industry experts and venture capitalists, making innovation accessible by lowering infrastructure and advisory costs, and raise capital through angel networks, internal grants, and pitch events on campuses and startup conclaves. From students in Tier-2 towns launching tech apps to women entrepreneur starting sustainable brands, Rajasthan's startup ecosystem is proving geography is no barrier when vision meets support, and redefining the state's identity as a land of kings to a land of creators.
