Hero finally launches VIDA Electric Scooter

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

Cost of EVs to be at par with petrol-run vehicles in 2 years: Nitin Gadkari

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

Hamara Bajaj: Business icon who always spoke his mind dies at 83

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 raises $200 mn in funding at a valuation of $5 billion

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

After Ather, Hero now invests into it’s other strategic partner in the EV space

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

Hero invests further Rs 420 crore into Ather Energy

Hero already owns 34.8% of Ather Energy. The current investment of Rs 420 crore i.e, approx $56 mn by Hero is part of the ongoing bigger funding round. Actual stake to Hero in lieu of this amount would become clear once the round closes (expected by 30th April 2022). Key points to note – Ather … Read more

Classic Legends to bring Yezdi bikes back on Indian roads after 25-year gap

Classic Legends, the motorcycle company part-owned by Mahindra Group re-launched the Yezdi brand of classic motorcycles for the Indian market on Thursday. The brand is making a comeback to India after a two and half decade hiatus and part of a larger strategy to tap into the fast expanding mid-market segment (350cc to 600cc) in … Read more