Hero MotoCorp on Wednesday said that the firm needs to recover its market share in the 125-cc engine motorcycle segment as it sees an opportunity in building a premium portfolio. Hero MotoCorp’s sales in the 111cc-126 cc motorcycle segment increased by 5.65 per cent year-on-year to 452,274 units in April-December of FY23, according to data … Read more
Eicher is taking a strategic stake in Stark Future SL, investing € 50 mn (apprx Rs 450 cr) in lieu of a 10.35% equity stake. Stark is a European electric motorcycle manufacturer, incorporated in Barcelona Spain, in July 2020 with specific focus in the area of performance electric motorcycles. It has recently launched the motocross … Read more
After consistent delays over the last few months, Hero has kept up with the festival period launch of it’s much awaited VIDA Electric Scooter. The model is called VIDA V1 and is being offered in two variants – V1 Pro and V1 Plus. Top speed is 80 kmph, running range is indicated at 143 and … Read more
Hero Motocorp Ltd (HML) at 34% market share is the largest two wheeler manufacturer in India. Given the increasing interest in Electric Vehicles (EV) globally, market has been keenly awaiting the launch by HML. The Company has also made it’s intentions clear –Â beside in the process of launching it’s own EV, it has also … Read more
Road transport minister Nitin Gadkari on Tuesday said rapid strides in technology and green fuel will reduce the cost of electric automobiles, bringing them at par with petrol-run vehicles in the next two years. Replying in the Lok Sabha on the demands for grants for road transport and highways ministry, 2022-23, Gadkari emphasised the need … Read more
Rahul Bajaj, chairman emeritus of Bajaj Auto, who died in Pune on Saturday of cardiac and respiratory ailments at the age of 83, wasn’t known to mince words, or give up without a fight. In 1970-71, when licences and production capacities were tightly controlled by the government, he vigorously argued his company’s case for producing … Read more
Ola Electric on Monday said it has raised over USD 200 million (about Rs 1,490.5 crore) from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others, valuing the electric vehicle maker at USD 5 billion. In September last year, Ola Electric had announced raising a similar amount in funding from Falcon Edge, Softbank and others … Read more
Hero Electric (HE) is different from Hero Motocorp that we all know. HE belongs to Vijay Munjal, the cousin brother of Pawan Munjal and is currently run by Vijay’s son Naveen Munjal. HE was amongst the 1st ones to have targeted EV space in India – working on it for last 15 years. Currently there … Read more
Days after announcing another round of investment into Ather, Hero now commits to ongoing funding round of Gogoro – it’s Taiwanese strategic partner in the Electric Vehicles (EV) space. Key points to note – Hero had announced strategic partnership with Gogoro in April 2021. Founded in 2011, Gogoro is into Electric Smartscooters and swappable battery … Read more