As many as 55,000 electric two-wheelers are expected to be sold in the local market by the close of the current financial year. Nearly 90% of these are powered by lead-acid batteries.
The company, which has tied up with 13 retail partners across 11 cities, will have on offer 34 products priced between Rs 25600 and Rs 1.65 lakh.
Electric car makers to face challenges from short supply of natural resources for battery production
The report held that stakeholders need to look at the holistic life-cycle management of electric vehicles to ensure the desired reduction of CO2 footprint is indeed achieved.
The motorcycles Passion Pro and Passion XPro are priced at Rs 53,189 and Rs 54,189 (ex-showroom, Delhi) respectively.
The motorcycle maker launched its first flagship store in Buenos Aires, commencing its full operation, including after sales, spares and service.
According to data available with industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales increased 7.77% to 2,75,329 units in February.
The US government on March 8 levied 25% tariff on steel and 10% tariff on aluminium imported from all countries except Canada and Mexico.
For the foreseeable future, Wagh said, diesel would continue to be the main fuel, though there were movements happening in electrification and use of alternate fuels.
The service package is intended to provide truck owners with peace of mind when it comes to actual cost of ownership, which includes the cost of running the transport business.
Mahindra on Thursday held on micro-blogging site Twitter, “Not sure why Indian markets seem so perturbed by the threat of global tariff wars."
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