ELECTRIC TWO WHEELER
![Ather Energy aims to raise market share with foray into family scooter segment](https://img.etimg.com/thumb/msid-111519928,width-100,height-75,resizemode-4/industry/renewables/ather-energy-aims-to-raise-market-share-with-foray-into-family-scooter-segment.jpg)
Ather Energy aims to raise market share with foray into family scooter segment
Electric two-wheeler maker Ather Energy aims to boost its market share as it expands into the family scooter segment, according to a company official. The Bengaluru-based company has so far focused on manufacturing sporty scooters.
![What's draining the juice out of electric two-wheeler makers' battery](https://img.etimg.com/thumb/msid-111455487,width-100,height-75,resizemode-4/industry/renewables/whats-draining-the-juice-out-of-electric-two-wheeler-makerss-battery.jpg)
What's draining the juice out of electric two-wheeler makers' battery
Sales of e2Ws plummet due to policy inconsistencies, supply chain issues with Chinese suppliers, and expectations for FAME III rollout, impacting top manufacturers like Hero Electric, Okinawa, and Ampere.
![How financing is turning out to be a bigger roadblock for EVs](https://img.etimg.com/thumb/msid-111316791,width-100,height-75,resizemode-4/industry/renewables/how-financing-is-turning-out-to-be-a-bigger-roadblock-for-evs.jpg)
How financing is turning out to be a bigger roadblock for EVs
Electric vehicle financing presents varying rates across different vehicle types, with banks and NBFCs playing a crucial role in offering competitive options. Understanding the evolving landscape of interest rates and the influence of factors like EV batteries is essential for customers looking to finance their electric vehicles effectively.
![Scepticism drives EVs to a disadvantage over ICEs when it comes to financing](https://img.etimg.com/thumb/msid-111233877,width-100,height-75,resizemode-4/industry/renewables/skepticism-drives-evs-to-a-disadvantage-over-ices-when-it-comes-to-financing.jpg)
Scepticism drives EVs to a disadvantage over ICEs when it comes to financing
India navigates the financing challenges of electric vehicles (EVs) amidst climate change fervor. While electric passenger vehicles (e-PVs) benefit from competitive rates akin to Internal Combustion Engine (ICE) vehicles, e-two-wheelers face higher rates due to brand and credit profile variances. EV financing sees cautious optimism amid evolving battery concerns and nascent resale markets, with recent rate adjustments by banks and non-banking financial companies (NBFCs)
![Musashi India begins mass production of e-Axles for EV two-wheelers](https://img.etimg.com/thumb/msid-111225766,width-100,height-75,resizemode-4/industry/renewables/musashi-india-begins-mass-production-of-e-axles-for-ev-two-wheelers.jpg)
Musashi India begins mass production of e-Axles for EV two-wheelers
Musashi Auto Parts India, a subsidiary of Musashi Seimitsu Industries, has started mass production of e-Axles for electric two-wheelers in India with a Rs 160 crore investment in EV business.
![How cheap are electric vehicle (EV) loans? This depends on two factors](https://img.etimg.com/thumb/msid-111222683,width-100,height-75,resizemode-4/wealth/borrow/how-cheap-are-electric-vehicle-ev-loans-this-depends-on-two-factors.jpg)
How cheap are electric vehicle (EV) loans? This depends on two factors
EV loan interest rates: For electric passenger vehicles, the rates are competitive with internal combustion engine (ICE) vehicles and sometimes even lower. However, for electric two-wheelers, the rates tend to be consistently higher, varying based on the brand and the customer's credit profile.
Ola plans to launch four electric motorcycles, to start delivery of Ola S1 X models from FY25
Ola Electric has received SEBI approval for its IPO, aiming to raise up to Rs 5,500 crore through fresh equity and an offer for sale. The EV maker plans to expand its product line with new motorcycles and scooters while boosting production capabilities.
eBikeGo plans to expand e-two-wheeler fleet to 1 lakh units by FY26
eBikeGo, under the leadership of founder and CEO Irfan Khan, plans to expand its e-two-wheeler fleet to 1-lakh units by FY26, targeting the growing last-mile and e-commerce segment.
EV sales soar 40.31 per cent in FY24, two-wheelers lead the charge
Electric two-wheelers (E2Ws) and electric three-wheelers (E3Ws) were the main contributors, representing 94 per cent of all EV sales. The E2W segment led the charge, selling 1,009,356 units, showing a 29 per cent year-on-year growth and capturing 57.60 per cent of total EV sales. The introduction of advanced models comparable to internal combustion engine vehicles played a crucial role in this growth.
TVS Motor recalls select units of iQube e-scooter. Here's the reason why
TVS Motor Company has recalled a select set of iQube electric two-wheeler units manufactured between July 10, 2023, and September 9, 2023, for a proactive inspection to ensure ride handling over extended usage.
Hero MotoCorp invests Rs 124 crore into Ather Energy, valuation up 20% at Rs 5,636 core
Hero MotoCorp has invested Rs 124 crore into Ather Energy, a significant electric scooter manufacturer, increasing its share by 2.2% and solidifying its position as the largest shareholder. This investment, made at an inferred valuation of Rs 5,636 crore, underscores Hero's commitment to the electric vehicle market.
FAME 3 likely to be rolled out soon with Rs 10,000 crore outlay
The third edition of the Modi government's FAME scheme, worth Rs 10,000 crore, will focus on electric two-wheelers, three-wheelers, and government buses. The inclusion of electric cars for institutional buyers like taxi aggregators is undecided.
Lectrix EV to invest INR 100 crore in FY25; plans multiple launches to strengthen EV market position
The company is planning to launch its new 2W model pre-Diwali and one post-Diwali. Pritesh Talwar, President - EV Business at Lectrix EV is optimistic about creating its name in the 2W market as he believes there is enough space to sustain and create a brand image for multiple companies.
Support to three EV 2-wheeler makers may be restored
The government after an initial probe into violation of vehicle localisation norms mandated under the Faster Adoption & Manufacturing of Electric Vehicles in India (FAME India) scheme issued notices for recovery of ₹469 crore subsidy distributed to these companies for sales made between 2020 to 2023.
Hero MotoCorp plans to expand electric model range to increase customer base
Hero MotoCorp expands its electric two-wheeler segment presence with new models and plans for significant growth. The company aims to enter European and UK markets, launch new scooters, and accelerate growth for FY25 and beyond.
Companies knowingly violated FAME subsidy scheme, finds panel
The report, submitted by the panel earlier this month, counters findings of an earlier probe by a joint secretary in the Ministry of Heavy Industries (MHI) that said some key terms in the FAME were not clearly defined.
TVS Motor launches electric two-wheeler iQube in Bengaluru
TVS Motor Company unveiled the new TVS iQube variant with a 2.2 kWh battery in Bengaluru, offering fast charging, a top speed of 75 km per hour, and a range of at least 100 km on a single charge.
Wardwizard Innovations' electric 2-wheeler sales double in April to 1,071 units
The company, which manufactures electric vehicles under the 'Joy e-bike' and 'Joy e-rik' brands, had sold 455 units of electric two-wheelers in April 2023, Wardwizard Innovations said in a statement.
Bullet maker Royal Enfield wants to bring an 'amazing' EV but isn't in a hurry
Royal Enfield delays its electric motorcycle debut to prioritize excellence. The Indian e-motorcycle market expands with new players like Revolt, Tork Motors, and Hero MotoCorp joining the race.
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