Hero MotoCorp expects the two-wheeler segment to make a strong comeback next financial year with Omicron wave subsiding and a broader economic recovery in sight, said a senior company official.
Regulations apply for scooters, bikes carrying children aged between nine months and four years; will kick in a year down the line
A key reason for lower than expected inflation projections could be weak demand
Any value unlocking in the EV subsidiary could drive further gains
Kinetic Green Energy & Power Solutions, which has partnered with Chinese EV major Aima Technology Group to co-design and develop electric two-wheelers for the Indian market, plans to invest around Rs 80-100 crore on the project, which entails three new models this year itself, its founder-CEO Sulajja Firodia Motwani has said. Pune-based Kinetic Green entered the rapidly-growing domestic electric two-wheeler space last year, after establishing its presence in the e-three-wheeler segment, with two scooter models -- Zing and Zoom. The Kinetic group had earlier in the mid-1980s partnered with Japanese auto major Honda Motor to manufacture scooters. "We have aggressive Rs 500 crore investment plans for our electric vehicles business, which includes capacity creation, product development and market penetration, among others, over the next five years. For this particular project (collaboration with Aima), we are looking at investing about Rs 80-100 crore," Motwani told PTI. This ...
Royal Enfield corners 90-95 per cent of the middle-weight segment
Price hikes, running costs and supply side pressures are the key concerns
Company will give financial incentives, free-of-cost dedicated charging stations and parking slots at its plants.
Meanwhile, the Supreme Court last week dismissed a plea by Bajaj Auto against AAP government's decision to issue 4,261 new permits only to e-autos
Suman Mishra, CEO, Mahindra Electric Mobility attributes development to Fame II policy, which has turned out to be a game-changer and makes the total cost of ownership neutral for customers
For every one experienced candidate being recruited by e-two wheeler companies, 10 have no prior experience; recruitments are for skilled, low-end jobs, not for managerial or supervisory roles
Two-wheeler market leader Hero MotoCorp on Friday announced the expansion of operations in Argentina with the opening of its flagship dealership in Buenos Aires.
Most manufacturers have seen the demand far outstrip the supplies prompting them to undertake expansion sooner than they had planned
Ola Electric projects that electric scooters will dramatically push penetration of two-wheelers up nearly threefold
E-Amrit is a government-run portal that's a one-stop shop for all your electric vehicle questions.
Takes a dig at newcomers in the EV space at the launch of the all-new Pulsar 250, points to several differences between legacy firms and startups
Hero MotoCorp on Wednesday said it has tied up with Gilera Motors Argentina to reinvigorate and expand its operations in one of the key markets in South America
TVS Motor Company on Thursday said it has expanded the Jupiter range with the launch of a 125cc version of the scooter, with price starting at Rs 73,400 (ex-showroom Delhi).
The company noted that it has been witnessing a robust demand after the COVID situation improved in the country.
Unsurprisingly, the maximum investment has gone into creating capacities for electric two-wheelers, followed by the rest