Ola's Bhavish Aggarwal is banking on in-house ability to commercially produce cells by early 2025, and aims to replace all external batteries across products over the next year.
The Eicher Motors MD & CEO said that since the market is "not gagging” for electric motorcycles, he is not in a “tearing rush” to launch them
The foldable two-wheeler has been developed mainly for last-mile mobility and while range and power are fairly limited, the practicality of a tiny scooter could prove a game changer.
B. Govindarajan said that the company is currently collaborating with battery manufacturers, system integrators and other suppliers. The new electric Royal Enfields will be rolled out from the company’s Vallam Vadagal plant on the outskirts of Chennai in the initial phase, he said.
With this move, Revolt will become the first such a two-wheeler manufacturer to sell an electric motorcycle built in India for global markets.
The Aera will be offered with a claimed range of 125 km for all variants except 6000+, which will go up to 150 km on a single charge.
Eicher will acquire a stake of 10.35 percent in Stark in lieu of the investment, and will also a nominate a director on the company's board.
Matter aims to have 200 dealerships across major cities over the next 12 months, and is eyeing exports to various markets in Asia, Africa, and Latin America in the next two years and also plans to launch e-scooters
While electric two-wheelers currently account for only about 4 percent of two-wheelers sold in India, experts reckon that increasing fuel prices and government subsidies are making people shift from Internal Combustion Engine vehicles to EVs.
To grant upfront subsidies to EV producers, the Indian government has created the Faster Adoption and Manufacturing of Electric Vehicles in India II (FAME II) scheme with an investment of Rs. 10,000 Crore
Electric motorcycle maker Tork Motors today launched its first model T6X at a promotional price of Rs 1.25 lakh.
The Pune-based company, partly owned by entrepreneur Kapil Shelke and his father, and funded by two angel investors -- Ankit Bhati and Bhavesh Agrawal of Ola Cabs in their personal capacities -- has so far developed five prototypes of electric bike and the one it plans to commercialise is the fifth model called T6X.
Shelke promises its ride will be nothing less than that to a 125-150 cc motorcycle. Shelke has amibtious plans of selling the 10,000 T6X motorcycles within the 1st year of launch. To this end, he is putting finishing touches to Tork's manufacturing plant in Chakan, Pune.
Electric bike maker Tork Motorcycles has raised angel funding for an undisclosed amount from a host of marquee investors including Ola founders Bhavish Agarwal, Ankit Bhati and a group of angels led by Harpreet Grover, the chief executive and co-founder of CoCubes.