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The latest range starts at an introductory price of Rs 79,999 for the S1 X (2kWh) and goes up to Rs 1,69,999 per unit.
Ola has also launched its S1 Gen 3 portfolio, with the new lineup starting at Rs 79,999 for the S1 X and going up to Rs 1,69,999 for the flagship S1 Pro+
For Moneycontrol Pro Panorama's November 12 edition: US-China trade war could trigger India’s exchange rate, Power Grid’s capex recovery explained, signs of a downcycle in commercial vehicles, time to shift gears on climate change, and more
The homegrown two-wheeler manufacturer expects the scooter segment to grow further and account for around 40 per cent of its overall two-wheeler sales.
CEO Niranjan Gupta says that the company's EV range will expand into the mid and affordable segment by the end of this financial year.
The two-wheeler manufacturer's revenue rose 15 percent to Rs 9,519 crore in Q4FY24 as compared to Rs 8,307 crore in Q4FY23.
As per industry observers, widespread deployment of funds during polling season will lead to larger sums of money in the hands of people especially in the rural market
India has set an electric vehicle sales target of 30% by 2030. Still, the country will be home to an overwhelmingly large number of traditional ICE-powered vehicles.
While the reduction in prices has narrowed the gap between electric and petrol-driven scooters from over 80 percent to around 60 percent, significant disparities still exist. Tata Motors, meanwhile, has lowered the prices of its Nexon and Tiago EVs.
The scooter runs on the same specs as the Vespa Sprint 150 which comes with a 155cc, single-cylinder mill which makes 12.5hp and 12.4Nm of torque.
The money needs to go in to that which can create the right environment for EVs, be it the charging infrastructure, special lanes, battery disposal issues, etc, the MD said.
Bajaj Auto reported a 95 percent jump in sales in the domestic market. TVS Motor saw domestic sales surge 29%, while Suzuki recorded 23% year-on-year growth. Hero MotoCorp, however, disappointed on all counts.
While the smaller players eked out an improved performance, the overall numbers were weighed down by disappointing numbers from the big names.
The price revision will be up to Rs 1,000 and the exact quantum of increase will vary by model and market.
As per the partnership, Hero Electric will deploy 1,000 electric scooters to EVIFY in the next two years.
The Aerox 155 really is that good.
The company also launched the new Mi Electric Scooter S1 and Pro 2.
Among many automobile manufacturers in India and abroad, Bajaj Auto undoubtedly holds a significant market for itself.
Two-wheeler market leader Hero MotoCorp today said it has "almost" sold out all of its BS-III inventory ahead of the Supreme Court imposed ban on such vehicles kicking from Saturday.
According to the latest SIAM data, TVS sold 7,43,838 units during April-February this fiscal as against 7,07,884 units in the year-ago period, a growth of 5.07 per cent.
In an interaction with PTI, he said if all of the drop in automobile and tractor sales in November and December were to be attributed to junking of 500 and 1,000 rupee notes and not any other seasonal factor, the loss to the industry may be of the order of Rs 8,000 crore or 10 per cent of total revenue.
Sales momentum in the automobile industry, which was on a high after a good festive season in September and October last year, came to a halt when the ban on Rs 500 and Rs 1,000 notes was announced in early November, according to Goenka.
The Delhi-based maker of popular motorcycles such as Splendor and Passion will fully bring on stream the Rs 1,100 crore Gujarat plant based in Halol later in the year, overshooting its earlier target of third quarter of this financial year.
Mahanagar Gas launched 100 compressed natural gas (CNG) run scooters in Mumbai. Speaking to CNBC-TV18, Rajeev Mathur, MD of Mahanagar Gas said that he is confident on CNG-run scooters.
Overdrive, at Chennai Race Track, has a fabulous line-up of cars, motorcycles and scooters. Take a look at the illustrious team that makes up Overdrive's Jury.
