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Tata Signa 3118 T 3-axle 6x2 truck with 31-tonne GVW launched

Tata Signa 3118.T 3-axle 6x2 truck with 31-tonne GVW launched Tata Motors has launched the Signa 3118.T - India’s first 3-axle 6x2 (10 wheeler) rigid truck with 31 tonnes Gross Vehicle Weight (GVW). The truck will be lintroduced in phases across different states and markets. The Tata Signa 3118.T has a 3,500 kg higher certified payload than the corresponding 28-tonne GVW rigid truck. Tata Motors claims that it has equivalent cost of operations with similar fuel, tyre and maintenance costs as a 28-tonne truck. Tata Motors claims that this will enhance the net operating profit for its customers by ~45% over a 28-tonne truck. The incremental investment on the Signa 3118.T, over the corresponding 28-tonne truck, can be recovered in less than one year of operations.

Tata Motors launches 3-axle truck Signa 3118 T - The Hindu BusinessLine

Tata Motors launches the Signa 3118 truck - The Hindu BusinessLine

Zoomcar Spent INR 629 4 Cr To Earn INR 291 2 Cr In FY20

There is no denying that 2020-2021 has been tough for the entire shared mobility sector, but it’s been particularly harsh on those that have used funds raised to expand without looking at unit economics. Everyone from Bounce to Vogo and Rapido to Zoomcar has tinkered with their model, but Zoomcar has been in the news for all the wrong reasons. And now its financials paint a bleak picture of its future. Three months into the lockdown, the startup was caught in a storm of customers demanding refunds on social media, but CEO Greg Moran claimed he wasn’t aware of any such complaints. Cut to ten months later, the situation is still the same on the refunds front, and its financials have worsened. Zoomcar’s losses have more than doubled in FY20 from FY19’s INR 209 Cr to INR 424.3 Cr.

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