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The value of the global three-wheeler market will grow at a compound annual growth rate (CAGR) of 13% during 2014-19, according to a recently published report by TechSci Research, “Global Three Wheeler Market Forecast and Opportunities, 2019”. cannot effectively penetrate. through predefined routes called spokes.
Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years. The Government of Nepal, Finance Minister Yuba Raj Khatiwada announced the budget for the fiscal year 2021-22 which allocated a total of 1.64 trillion NPR ($14 billion) for the energy sector in Nepal. The government has set the growth of 6.5
“Aslov Auto’s continuing journey of expanding their brand to more places with the same passion and vision they had at the beginning” Bhopal-based automobile company Aslov Auto is expanding its wings to Nepal. And now they aim to expand their brand into other markets to leave a lasting mark on their successful journey.
The JV will be held 76% by KOEL—India’s largest manufacturer of diesel engines, both air-cooled and liquid cooled, covering a power range of 3 hp to 11,000 hp—and 24% by Axial Vector. It is also demonstrating a smaller 60 hp (45 kW) application, developed targeted at the growing unmanned aerial vehicle (UAV) market.
Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, in collaboration with its authorised distributor CG Motors, has announced its business expansion plans in Nepal. CG Motors is set to rapidly expand the sales and service network across Nepal to meet the increasing demand from customers.
Greta Electric Scooters a Gujarat based electric scooter has entered the EV electric two-wheeler market. Raj Mehta, Founder & Managing Director, Raj Electromotives Pvt Ltd and Greta Electric Scooters, said, “We are very excited by the fervour that Greta Electric Scooters have received in the market.
Many automakers have already rased their dealership in many cities such as Revolt Motors and Bajaj Auto had recently opened their bookings in various cities and continuously many electric vehicles are launching such as Tata Motors has launched its Nexon EV in Nepal recently.
Wardwizard Innovations & Mobility, a manufacturer of electric two-wheelers under the brand ‘Joy e-bike’ and three-wheelers under the brand ‘Joy e-rik’ in India, is expanding its product offerings while exploring next-generation technology.
Pure EV an IIT Hyderabad incubated startup which manufacturers electric two-wheelers has marked its footsteps all over India with its electric scooters. Shrimal Marketing. Ratna Marketing. Pure EV dealerships in India. At present, the Pure EV has Epluto 7G, Etrance Neo, Etrance, Etron+ electric scooters in its portfolio.
Solidifying its leadership position of 23 consecutive years, Hero MotoCorp, globally the largest manufacturer of scooters and motorcycles closed the financial year 2023-24 (April 1, 2023-March 31, 2024) with sales of 56,21,455 units of motorcycles and scooters, registering growth of 10% in the fourth quarter (Jan-Mar’24) of the fiscal year.
Ola S1 Ola Electric Mobility is a manufacturer of electric two-wheelers based in Bangalore, India. This vehicle already had many pre-registrations before it hit the market. TVS iQUBE Electric TVS is a popular two-wheeler manufacturer in India. Initially, we focused mainly on small markets in South India.
The source claims the company wants to expand its export market. The company ships to South Africa, Nepal, Kuwait, South America, and Sri Lanka. If you are an EV manufacturer (or) EV Dealer (or) EV Supporter who want to share news related to electric vehicles on our website, please send an email to crm@electricvehicles.in
Honda Cars India has launched the Elevate in Japan which is their home market. In the Indian market, the Elevate is being sold only with a 1.5-litre, The Elevate made its global debut with India as the first market to launch the model in September last year and the brand has sold over 30,000 units in the past 6 months.
ASK Automotive Ltd – AISIN Group Companies Joint Venture New Delhi: ASK Automotive Limited, India’s largest manufacturer of Brake Shoes and Advanced Braking Systems for Two-Wheelers, announced a Landmark Joint Venture Agreement with AISIN Group Companies, comprising AISIN Asia (Thailand) Co.
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EMotorad, an Indian electric car manufacturer, recently declared plans to expand throughout Europe. The company intends to establish a foothold in major EV markets throughout the world. “The European market is highly evolved and competitive and furthers our mission to make a name for India in the world of EV. ”
TVS Motor Co has wrapped up CY2023 on a high note with its best-ever annual sales in the domestic market as well as record EV sales. 2 EV OEM and a 19% market share in the fast-growing Indian e-two-wheeler market. 2 rank (after Ola Electric) and a 19% market share in the fast-growing Indian e-two-wheeler market.
TVS Motor Co has wrapped up CY2023 on a high note with its best-ever annual sales in the domestic market as well as record EV sales. 2 EV OEM and a 19% market share in the fast-growing Indian e-two-wheeler market. 2 rank (after Ola Electric) and a 19% market share in the fast-growing Indian e-two-wheeler market.
This would mean that, similar to the market scenario on June 1, 2023, electric two-wheeler prices will rise as most OEMs would typically pass on the load to the consumer. Interestingly, other than Bajaj Auto, the other three have their EV manufacturing plants in Tamil Nadu. Under EMPS which has a total outlay of Rs 333.39
Toshihiro Suzuki, President of Suzuki Motor Corp, who was present at the Vibrant Gujarat Summit, said that the Indian automotive market has been expanding steadily to become the third largest automobile market. This will lead to 1.7 times more production and 2.7 times more exports this year. We will invest in the future.
After record-breaking sales in the previous financial year, tractor sales are on a slow lane in India – the world’s biggest market for tractors. However, the market has dampened this year. percent in the domestic market. Can you please help us understand what the perception of Made-in-India tractors in global markets is?
Also manufacturers have to have operations and sell in at least 10 cities. and manufacture in Hosur, Tamil Nadu. They have a facility near Gujarat border to manufacture vehicles and components. The company is called Gemopai and is an Indian brand and they have a manufacturing plant based out of Greater Noida, UP.
By Atul Gopal In this 5 part series, we speak to Dr Nishanth, the founder of from PURE EV , who manufacturers Electric scooters and Lithium-Ion batteries in Hyderabad, India. On the dealer front, Pure now has 84 operational outlets, including one in Nepal. We talk about Electric scooter servicing, NMC vs LFP batteries and more.
While domestic market wholesales are posting strong double-digit growth on the back of a much-awaited rural India recovery, export demand for made-in-India two-wheelers is finally beginning to see the green shoots of recovery. The Chennai-based scooter, motorcycle and moped manufacturer is fast upping the ante on two-wheeler exports.
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