2wheeler

EV sales grow strongly, Ola Electric leads from the frontEV sales in India have been on the rise and the FY2023 has recorded landmark results for the segment in India. The segment has recorded cumulative sales of 7,20,733 units in FY2023. In comparison, in FY2022, OEMs managed to sell 2,52,539 units. A major chunk, about 80 percent, of this growth has been contributed by six manufacturers only! The top six manufacturers this year are Ola Electric, Okinawa Autotech, Hero Electric, Ampere Vehicles, TVS MotorCo and Ather…

As two-wheeler EV adoption sees a tremendous rise in India, Suchit Jain, Vice President of Strategy and Business Development at Dassault Systemes, believes that the country is a great "use case" for the EV market a sector which will see an explosion in the next five years.The automotive, electric 2-wheelers (E2W) market grew by more than 300 percent (year-on-year) in 2022.By 2025, the share of E2Ws and connected 2-wheelers (C2W) will both cross 50 percent, according to a report by Cybermedia Research (CMR)."The typical…

The electric two-wheeler segment has hit a speed bump, as the government has stopped disbursing subsidies to several manufacturers that are under investigation for alleged violation of local-sourcing rules.Industry insiders say sales may fall short of the 1-million-unit target this fiscal year, though the number may still be a new record at around three times last fiscal year’s volume.According to industry estimates, subsidy payments of Rs 1,100 crore under the Faster Adoption and Manufacturing of Electric Vehicles (FAME)…

As electric vehicle (EV) adoption grows in India, the two-wheeler sales volume in the country is likely to reach 22 million by 2030, a report showed.According to the latest report by Redseer Strategy Consultants, the electric 2W market is expected to account for over 80 percent of the overall 2W market by 2030.With the demand for affordable transportation and the focus on reducing carbon emissions, electric vehicles will play a vital role in India's step towards a sustainable future.Read AlsoConsumers are increasingly…

Homegrown electric vehicle company Ather Energy on Saturday announced that it has rolled out 'AtherStack 5.0', the biggest upgrade to its software engine which drives the vehicle. "AtherStack 5.0 will be powering a brand new user interface (UI) for the dashboard in addition to launching vector maps powered by Google," the company said in a statement. Built on numerous interconnected layers of software, firmware, system intelligence and algorithms, AtherStack is the software engine that powers "every single user experience…

PTI Kolkata, November 24Electric two-wheeler manufacturer Motovolt Mobility has raised Rs 16 crore in pre-A series funding as venture capital from a clutch of investors, including Vikrampati Singhania of the JK family, a company official said on Thursday.The funds raised will be used for new product innovation, marketing initiatives and growing the company’s retail presence across the country, he said.The other investors are Ankur…

Ultraviolette F77 could do over 300km on a single charge The new battery pack now stands at 10.5kWh on the top-end variant making it the largest battery pack fitted to an electric two-wheeler in India. It now holds 21,700 lithium-ion cells up from the earlier 18,650 cells prototype version. The battery, however, is non-removable. Ultraviolette has also been extensively testing the heating management system and claims to have incorporated a passive air-cooling system to keep the temperatures in check. Ultraviolette has…

Hero Electric has piped Okinawa Autotech, Ola Electric, and Ather Energy in selling a maximum number of EV two-wheelers in the month of July, with Ather Energy and Ola Electric suffering the biggest drop as customers delay purchasing EVs amid battery fire incidents and government probes. According to the latest VAHAN data, Ather Energy sold a mere 1,095 EV two-wheelers (till July 30) from 3,829 in June, registering the biggest drop among the EV manufacturers. The Bhavish Aggarwal-run Ola Electric sold 3,690 vehicles (till…

Hero Electric has piped Okinawa Autotech, Ola Electric and Ather Energy in selling maximum number of EV two-wheelers in the month of July, with Ather Energy and Ola Electric suffering biggest drop as customers delay purchasing EVs amid battery fire incidents and government probes.According to the latest VAHAN data, Ather Energy sold a mere 1,095 EV two-wheelers (till July 30) from 3,829 in June, registering the biggest drop among the EV manufacturers. The Bhavish Aggarwal-run Ola Electric sold 3,690 vehicles (till July…

Okinawa Autotech’s lineup currently includes Okinawa Praise, R30, i-Praise, Lite, Ridge Plus, Dual and the Okhi 90. The company has its presence in 55 cities across 74 dealership touchpoints. Okinawa Autotech made record sales in May 2022 with 9,000+ units being sold.Okinawa Autotech to invest in a new Mega Factory Okinawa Autotech plans to invest in its third and largest manufacturing facility in Karoli,  Rajasthan. The company is investing Rs 500 crore to set up a Mega Factory covering 30 acres of space. The plant is…