Ebike

Rapido to launch 'pink' bikes in Karnataka, creating 25,000 jobs for women

Ride-hailing service provider Rapido is set to roll out its new fleet of 'Pink Rapido' bikes in Karnataka -- all driven by women, for women -- by the end of this year.The company's co-founder, Pavan Guntupalli, revealed this ambitious plan while answering a query at the 'Global Investment Summit' on Friday here."Our goal is to provide 25,000 job opportunities for women by introducing women captains on Rapido bikes. If a woman can safely travel with an unknown driver, reaching her destination with ease, it can be considered our success," Guntupalli said.He emphasised that the initiative is not just about creating jobs, but about offering women a safe and empowering work environment. "We have implemented several safety measures to ensure a secure ride experience. Even women without advanced education or skills are finding opportunities in nearby towns, which is a matter of pride for us. Around 35 per cent of our workforce comes from smaller cities and towns," he added.Guntupalli also ...

Motorcycle maker Ultraviolette to accelerate commercial operations in 2025

Electric premium motorcycle maker Ultraviolette is scaling up its commercial operations, targetting monthly sales of 1,000 units a month by the second half of 2025 while also gearing up to enter European and other international markets next year, according to top company officials. The company plans to increase its sales network to 30 cities next year from 12 cities at present, having put in place the technology base for its product and validated through real-world testing, Ultraviolette CTO and co-founder Niraj Rajmohan told PTI. "This year (2025) is where we are starting to scale up from a commercialisation point of view. The product and technology are very stable. It also gives us that ability to sustainably produce and be economically viable from a company operating standpoint," he said. When asked about the volume target, Rajmohan said the company's objective is to clock about 1,000 units a month by the second half of 2025. So far, the company has sold a total of 1,000 units o

eBikeGo disrupts the global electric bicycle segment with affordable, sustainable solutions

eBikeGo plans to capture the e-Cycle market through a Global Retail Expansion

HOP Electric eyes 3-fold jump in sales in 2024, to launch mass-mkt e-bike

HOP Electric is targeting up to three-fold rise in its annual sales in 2024 and is preparing to launch an electric motorcycle equivalent to the mass market entry level bikes of conventional engines to shore up volumes, according to company Founder & CTO Rahil Gupta. The company, which has two electric scooters and an electric bike in its portfolio, is also looking to raise around USD 25 million next year to fund production capacity expansion. "In the last three years we have been growing 100 per cent each year. I think 2024 will be no different," Gupta said when asked about the outlook for the next year. On absolute sales volumes, he said,"This year I think we will sell about 20,000 electric scooters and motorcycles and next year we will be trying to push it to around 50,000 to 60,000 units." When asked about future product plans, he said the company has been working on its new platform 'Nimbus' to develop an electric bike equivalent to a 100 cc conventional engine motorcycle, one

Bikes to drones: AI-infused everything on show at Bengaluru Tech Summit

Amphibious drones for maritime inspection, devices that extract pure oxygen from water for patients in need, and self-balancing electric bikes were some of the top innovations on display

Honda to invest $3.4 billion in electric motorcycles business by 2030

The company highlighted India and the Asean region as places where it aims to expand market share. Mihara said new production facilities will "highly likely" be in India and Southeast Asia

E-scooter maker Ola Electric targeting $1.5 billion sales this year

The government has said it wants electric variants to account for 70% of two-wheeler sales - which also include motorcycles - by 2030, a huge jump from 14% currently

EV two-wheeler sales dip 56% in June on FAME-II subsidy cut: Fada

Interestingly, the share of EVs in the overall two-wheeler sales for the month was seen at 3.5 per cent, compared to 7 per cent in May 2023 and 3.6 per cent in June 2022

Bajaj-Triumph, Hero-Harley entry shifts premium bike race into top gear

Royal Enfield is also the undisputed leader in the 250cc-350cc segment, virtually owning the market at a whopping 94 per cent share

Chetak EV domestic sales grow over 4-fold to 36,260 units: Bajaj Auto

Bajaj Auto's domestic sales of its electric scooter Chetak grew over four-fold to 36,260 units in FY23, with the easing of global semiconductor shortage, according to the company's latest annual report. In FY22, Chetak electric scooter clocked sales of 8,187 units, as per Bajaj Auto's Annual Report for 2022-23. "The global semiconductor shortage that affected the industry, right up to the first quarter of FY2023 also affected the Chetak. Thus, despite market demand, Bajaj Auto could not produce the quantities needed right up to the end of Q1 FY2023," it said. Thereafter, Bajaj Auto said, "the supply-side constraints eased, and we increased the manufacturing of the Chetak". The iconic brand Chetak was re-introduced in the market as an electric scooter in FY2021. In the year ended March 2021, domestic sales of Chetak EV were at 1,395 units. The Chetak is currently sold through 105 dealers present across 84 cities, the report said. In his address to shareholders, Bajaj Auto Chairman

SMEV urges Centre to levy additional green tax on ICE two-wheelers

The Society of Manufacturers of Electric Vehicles (SMEV) has called upon the government to levy an additional green tax on two-wheelers with internal combustion engine to incentivise EV adoption and help in the reduction of pollution creating crude oil imports. The Green tax would also rationalise the expected drop in sales of EV on account of reduction in subsidies starting this month, the industry body representing electric vehicles said in a statement. SMEV believes that an increase in taxes to the tune of 100 basis points on traditional polluting ICE 2-wheelers will be required to fund subsidies for electric two-wheeler vehicles and put the FAME scheme back on track, it added. SMEV Director General Sohinder Gill said it is time that the EV sector is allowed to compete at par with ICE vehicles. "While we are tackling awareness and adoption issues as an industry, the biggest hurdle is the cost of ownership as India is a price sensitive market. "Additional Green Taxing of ICE ...

Electric two-wheeler companies pencil in slow sales growth for FY24

For FY23, SMEV's projection was close to that of the government as it expected sales to be over 1 million

Matter's electric bike to be priced between Rs 1.43 lakh and Rs 1.54 lakh

Ahmedabad-based Matter will be competing with players such as Ola Electric and Ultraviolette in the electric motorbike segment

Ola, TVS, Ather account for 60% 2-wheeler EV registrations in 2023

Registrations in February slowed compared to the previous months, partly because of the FAME-II subsidy issue and also because there were fewer days in the month

Two-wheeler electric vehicle sales may fall short of 1-million target

Still FY23 sales figure, so far, is up 146%; FY24 outlook is bright, say experts

Revfin raises $10 mn in series A funding from Green Frontier Capital

Revfin plans to use the funds to expand its geographical footprint to 25 states and capture over 10 per cent national market share of financed electric three-wheelers

Moto Business Service to manage electric vehicles of Chennai-based FullFily

Moto Business Service India, a leasing firm of Yamaha Motors, announced a partnership with Chennai-based FullFily, marking its foray into electric two and three-wheelers asset management services

eBikeGo to set up manufacturing plant through subsidiary Vajram Electric

The facility will develop powertrain as well as multiple product portfolios for both domestic and international markets, eBikeGo said in a statement.

Okinawa Autotech to invest Rs 1200-1,500 cr in e-two-wheelers in two years

This includes the JV with Tacita; company is in talks with PE firms

Smartron launches 2nd-gen tbike OneX for B2B segment; price at Rs 38,000

With this launch, the company said it now has five tbike models in its product portfolio