Hero Motocorp is betting big on EV's wants to step up the game for competing with Ola electric.
Revolt Motors is expected to start production of their new model RV1 by early next year and plans to replace the RV300.
The company has exported the first lot of it's motorcycle Kridn, which has been shipped to Kenya. The company targets four more African countries prior to expanding export operations to South America and Europe in early 2022.
Hero Electric has raised Rs 220 crore in its Series B round of funding led by Gulf Islamic Investments (GII). The first part of the investment which also saw participation from existing investor OAKS. Also there seems to be a dispute within the family run Hero MotoCorp over Hero's EV business.
The Fame II scheme has been updated to provide additional benefits to Indian EV industry. As a result of this many electric scooter models are cheaper than petrol counterparts.
Gurgaon based Hero Electric plans to train mechanics to service electric vehicles. They also have started setting charging stations to help their customers.
The MX3 Electric Motorcycle costs Rs.95,000 and is the fourth electric two-wheeler from the Komaki to roll out in 2021 after TN95, SE and M5.
Piaggio's recently launched FX range (fixed battery) of electric vehicles. These are passenger 3 wheelers and also cargo loaders. The Ape Electric FX range (cargo) is also eligible for FAME II subsidy. They also inaugurated a unique electric vehicle experience center in Jaipur.
Earth Energy EV, a Mumbai based startup has unveiled, a smart electric scooter called Glyde and two new electric motorcycles - Evolve R and Evolve X with prices starting at Rs 92,000.
Srivaru Motors, which is a Coimbatore based startup has launched its high-speed electric motorcycle - Prana in India. This motorcycle is aimed largely at the commuter customer segment.
We showcase real EV news happening in the Indian EV industry. We also highlight our take on each story for brief analysis.