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Tesla logs 5th straight profitable quarter, breaks delivery record

“We’re also aiming to achieve our original 2020 guidance of 500,000 deliveries despite the operational interruptions earlier in the year,” said Zachary Kirkhorn, Chief Financial Officer.

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Tesla CEO Elon Musk

San Francisco, Oct 22 : Elon Musk-run Tesla registered its fifth straight profitable quarter, raking $331 million in profit in its third quarter, delivering 139,300 vehicles. The electric car-maker generated $8.7 billion in revenue.

The company beat the previous record of 112,000 vehicle deliveries in the fourth quarter last year.

Tesla also produced 145,036 vehicles during the third quarter — a huge increase over the 82,272 vehicles that were made during the second quarter this year amid pandemic.

“We’re making progress on the three major factories. We’re continuing to expand Shanghai significantly, which is going incredibly well at Tesla China team,” Musk said during the earnings call.

“And then we’re under construction in Berlin and Texas and Austin. So we’re also making good progress there. I should make a point that for Berlin and Austin, we do expect to start delivering cars from those factories next year”.

Tesla’s cash balance increased to $14.5 billion, which includes free cash flows of $1.4 billion, its highest yet. It’s operating cash flows were $2.4 billion, including a $600 million benefit from working capital.

“We’re also aiming to achieve our original 2020 guidance of 500,000 deliveries despite the operational interruptions earlier in the year,” said Zachary Kirkhorn, Chief Financial Officer.

Musk said that he wants to make his cars more affordable.

“It is really important to separate out affordability from value for money. If the car is too expensive or any given product is too expensive, then people don’t have enough money in the bank account, they simply can’t buy it no matter what the value proposition is,” he noted.

“So it is important to lower the prices in order for people to literally just have enough money to buy it”.

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All-new i20 receives 20,000 bookings in 20 days: HMIL

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Hyundai auto expo

New Delhi: Automobile major Hyundai Motor India on Friday said its newly launched fourth generation premium compact car ‘the all-new i20’ has garnered 20,000 bookings in 20 days.

The company has made over 4,000 deliveries of the all-new i20 during Diwali season.

“Our customers continue to demonstrate a strong affinity for connected technologies offered by us. Nearly 45 per cent customers have preferred variants enabled with our already established ‘BlueLink’ technology,” said Tarun Garg, Director (Sales, Marketing & Service), Hyundai Motor India.

“Sunroof continues to be a customer favorite with close to 30 per cent bookings made for models with this particular feature. Similarly, in line with the needs of the current environment, 35 per cent customers have opted for models with ‘Industry Unique Oxyboost Air purifier’.”

Besides, Garg pointed out that the vehicles’ new and advanced transmission offerings such as ‘IVT, iMT, DCT’ have received a strong traction from 25 per cent of the customers.

Furthermore, he cited that almost 20 per cent of the customers have opted for ‘Powerful and Efficient 1.5 l U2 CRDi Diesel BS6 Powertrain’.

At present, Hyundai Motor India has 11 car models across segments including ‘SANTRO, GRAND i10, GRAND i10 NIOS, ELITE i20, AURA, VENUE, Spirited New VERNA, All New CRETA, ELANTRA, New 2020 TUCSON and KONA Electric’.

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Hero MotoCorp’s festive retail sales cross 14 lakh units

It said that the sales have enabled Hero MotoCorp to reduce the vehicle stocks at its dealerships to less than four weeks, the lowest ever post-festive inventory.

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Hero MotoCorp

New Delhi: Hero MotoCorp on Wednesday reported retail sales of over 14 lakh units of motorcycles and scooters in the recent festive season.

“Despite the severe disruptions on account of the Covid-19 this year, the good retail off-take during the 32-day festival period – spread between the first day of Navratra and the concluding day after ‘Bhai Duj’ was 98 per cent of the festive season volumes sold by the company in the previous year (2019) and 103 per cent compared to the same period in 2018,” the company said in a statement.

It said that the sales have enabled Hero MotoCorp to reduce the vehicle stocks at its dealerships to less than four weeks, the lowest ever post-festive inventory.

The company’s festival season retails were driven by the strong performance of its popular models across segments, including the 100cc Splendor+ and HF Deluxe, 125cc motorcycles Glamour and Super Splendor and the Xtreme 160R and the XPulse range in the premium segment, said the statement.

Hero MotoCorp has continued to consolidate its market share in the domestic two-wheeler market since the resumption of plant operations and retail sales in early May. Its market share has grown by more than 500 bps in the month of October.

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Royal Enfield Meteor 350 review: Should you buy this new-age Thunderbird instead of Classic 350?

Meteor 350 is a cruiser based on a new platform with a new engine and fitted with modern features. Now point is, that how is all of it coming together? Should we buy it? Can we skip the Classic 350?

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Royal Enfield Meteor 350

You look at the Meteor 350 and the first thing you will remember could be the Lightning 535. (I have taken the liberty of assuming this even if you haven’t seen or ridden the Lightning 535. Maybe you are a new enthusiast, maybe a GenZ biker, who is interested in faster bikes. In that case, Thunderbird would work too) Why the Lightning you might ask? The split seat with the backrest could be the reason I guess. The variant I was got was the Supernova one, which comes with the backrest for pillion.

Meteor 350 is Royal Enfield’s latest effort in reclaiming the cruiser space, which had Thunderbird once and price-wise positioned right above the Classic 350. To consolidate its position in the segment, which recently saw an entry from Honda Motorcycles called H’ness CB350.

I test rode the bike before the prices for Meteor 350 were announced, so the video-review didn’t have the prices (it started with the exhaust notes). That is why I am starting the article with the prices only.

2020 Royal Enfield Meteor 350: Price (ex-showroom)

  • Fireball: ₹1,75,825
  • Stellar: ₹1,81,342
  • Supernova: ₹1,90,536

2020 Royal Enfield Meteor 350: Engine, specifications, and fuel efficiency

This chart might not give a clear picture of how different is the Meteor’s engine. To understand that we have to ride it. But, that part comes later. First, let us take a look at the specifications and output numbers, which appear to be in familiar territory. 349 cc single-cylinder producing 20.2 bhp of power and 27Nm of peak torque. The gearshift is 5 speed. The world motorcycle test cycle suggests a fuel efficiency of 36.2 km/l.

Performance of this engine can be expressed in one word, that is refined. The power delivery is very smooth and gradual. I would have loved some extra initial torque though. The grunt RE lovers always enjoy. The laidback take-off.

Meteor is smoother, consistent and powerful in the mid-range. It took some time for me to touch three digits but the engine sounded relaxed and the bike felt planted. Overall I felt the zone around 90 KMPH felt like an ideal cruising speed for this bike.

EngineSingle-cylinder, four-stroke, air-oil cooled
Fuel typePetrol
Fuel systemElectronic fuel-injection air cleaner paper element
Capacity349 cc
CylindersSingle
Power20 bhp at 6,100 rpm
Torque27 Nm at 4,000 rpm
Transmission5-speed constant mesh
Fuel efficiency36.2 km/l (WMTC standard)

2020 Royal Enfield Meteor 350: Size and dimensions

I mentioned the Lightning 535 earlier, which could be one inspiration but the overall silhouette of Meteor 350 looks more compact and balanced. Compared to the Classic 350, Meteor 350 is a bit shorter and lighter but the wheelbase is a bit longer.

Length2,140 mm
Width845 mm (without mirrors)
Height1,140 mm (without mirrors)
1,310 mm (with windscreen)
Wheelbase1,400 mm
Ground clearance170 mm
Weight191 kg (90% fuel and oil)
Seat height765 mm
Fuel tank capacity15-litres

2020 Royal Enfield Meteor 350: Colours

I was riding the new Meteor in the Supernova Brown colour, which is very similar to what we have seen in many cars. Somehow, the colour I liked on the Duster or Ciaz didn’t appeal to me on the RE. Having said that, the blue looks nice and the red and the yellow.

  • Fireball Yellow
  • Fireball Red
  • Stellar Black
  • Stellar Red
  • Stellar Blue
  • Supernova Brown
  • Supernova Blue

2020 Royal Enfield Meteor 350: Ride, braking, and suspension

The suspension and braking setup in the latest Meteor gives it a plush and refined ride. The bike was planted during the regular corners we encounter on the common roads or highways. It took uneven surfaces with ease and maintained its composure. Now, this also had to do with a firmer suspension setup, which will not be too comfortable if the ratio of broken roads in your route is higher than the tarmac. The braking is precise, however, I could use some more bite in the rear brake.

Suspension

FrontTelescopic, 41 mm forks, 130 mm travel
RearTwin-tube Emulsion shock absorbers with 6-step adjustable preload

Tyres

FrontAlloy wheel; 100/90 – 19 inch – 57P (Tubeless type)
RearAlloy wheel; 140/70 – 17 inch – 66P (Tubeless type)

Brake

Front300 mm disc with twin-piston floating caliper brakes
Rear270 mm disc, single-piston floating caliper with dual channel ABS

2020 Royal Enfield Meteor 350: Instrumentation

The handlebar in Meteor feels familiar. The reach, the angle and the material. It feels solid and old school, including the clutch and front brake levers. The engine kill or lights switch come in this old school rotary types. It might take some time to get used to this setting, but I like it nevertheless.

The instrumentation is the place where you find the real difference between Meteor 350 and other Royal Enfield bikes. I am not talking about the combination of digital and analogue display on the bigger dial. Which has most of the regular information like the fuel gauge, speed marked in both miles and kilometres. It is the smaller dial which makes this bike so different from its predecessors. Built with Google, the tripper, which gives you turn by turn indication after you have connected your smartphone with this. A very useful feature, which is standard with all three variants.

Conclusion

Things I likedThings I didn’t like
Refinement Initial torque
GearshiftBraking
Handling Mirrors
Low-speed balance

The latest Meteor 350 is one of the most refined product Royal Enfield has built. Fit, finish, ride quality and equipment-wise this would compete with most of the modern products, and you don’t have to remind anyone that – “Enfield hai”. The price and performance of Meteor 350 don’t fall in the mind-blown emoji category but anyone looking for a cruiser bike now has a modern, refined and solid option

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