Xiaomi looks at a possible entry into the electric scooter, cycle market

Known for its phones and emerging from nowhere in the segment, it might take on the scooter Goliaths

India’s leading mobile device player Xiaomi is looking at a possible entry into the electric scooter and cycle market, joining another disruptor, Ola Electric, which is invading the two-wheeler market dominated till now by familiar names.   

A few days ago, Ola Electric announced it was investing Rs 2400 crore and setting up a plan to make, in the first phase, 10 million electric scooters per annum by next year, challenging Bajaj, TVS, and Hero MotoCorp.

Now Xiaomi India might throw its spike into the ring. It has emerged that the company put in an enabling provision in its filing