The company would ramp up production at its assembly unit in Hyderabad and has set itself a target of selling around 12,000 units by that year.
Benelli early this year, appointed Adishwar Auto Ride India, a partner of Mahavir Group, to manage the company's operations in the country.
Shared scooters that do not require docking ports can be driven door-to-door, avoid stressful searches for parking spaces, and have zero-emission motors. On paper, they have the potential to radically reduce urban car traffic: 70 percent of car trips between home and work in France, for example, are five kilometres (three miles) or less, according to the French National Institute for Statistics and Economic Research (INSEE). "Micromobility could theoretically encompass all passenger trips of less than eight kilometres (5 miles), which account for as much as 50 to 60 percent of today's total passenger miles travelled in China, the European Union, and the United States," consulting firm McKinsey said in a report.
Benelli India currently sells a range of premium motorcycles in 300 cc to 600 cc range priced between Rs 3 lakh and Rs 6.2 lakh.
The company was planning to set up a global manufacturing hub in India as its plant in China was operating at full capacity
At present Okinawa Scooters sells a range of electric scooters priced between Rs 37,000 and Rs 1.08 lakh.
The company has already initiated the service in three cities -- Mumbai, Bengaluru and Noida.
Bajaj Auto MD cites officials from Niti Aayog, govt ministries to allay blanket ban fears.
Hero is planning to raise funds to finance its accelerated expansion in the electric division.
The fully electric LiveWire is the most radical motorcycle Harley-Davidson has ever made. Rishaad Mody brings you an idea of what the future is going to be like, with our first experience of this motorcycle in Portland USA.
The new CT110 comes with raised ground clearance, stronger and bigger crash guards and a suspension that can take on rough road conditions.
The mighty S 1000 RR gets its first ever generation change and we head over to the BIC to discover a machine that is lighter, faster and easier! Rishaad Mody gives you the first impression after a brief ride on the racetrack.
TVS Motor Company Friday launched ethanol-powered bike TVS Apache RTR 200 Fi E100, priced at Rs 1.2 lakh. The company said the new model would be available for sale in sugarcane-producing Maharashtra, Uttar Pradesh and Karnataka, to begin with. Currently, there are no ethanol fuelling stations in the country. But, speaking at the launch event here, Road Transport and Highways Minister Nitin Gadkari said his ministry will ask the Ministry of Petroleum and Natural Gas to open ethanol pumps in the country.
Srinivasan had previously said the rushed timeline will impact adversely investments and employment in the auto industry.
The price increase across the range of two-wheelers has been 1 per cent (of the ex-showroom price).
In a message to shareholders, Hero MotoCorp Chairman Pawan Munjal said in the company's Annual Report for 2018-19 that the company is fully geared up for the EV challenge.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service