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News on Medial
Royal Enfield launches electric bike segment
YourStory
·
9m ago
Medial
Royal Enfield has unveiled its first electric bike under a new brand, Flying Flea, which is expected to be available in 2026. The two models introduced are the classic-styled Flying Flea C6 and the scrambler-styled Flying Flea S6. Royal Enfield plans to introduce more electric vehicles in the coming years and will produce battery packs and motors in-house, while sourcing battery cells externally. The company has invested in an EV manufacturing plant in Chennai and has a dedicated team for developing electric motorcycles. Royal Enfield currently dominates the global middle-weight bike segment.
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Eicher Motors incorporates wholly-owned subsidiary in Netherlands
Money Control
·
1y ago
Medial
Eicher Motors, the parent company of Royal Enfield, has incorporated a new wholly-owned subsidiary named Royal Enfield Europe B.V. in the Netherlands. This subsidiary will focus on providing non-motorcycle products, including parts, spares, apparel, and accessories to customers in the region. Eicher Motors now holds 100% equity share capital and control of Royal Enfield Europe B.V. The incorporation is effective from March 21, 2024. This move aims to facilitate better availability of products for customers and aligns with Eicher Motors' core operations in manufacturing and selling Royal Enfield motorcycles and related products globally.
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Royal Enfield launches premium roadster Guerrilla 450 starting at Rs 2.39 lakh
Money Control
·
1y ago
Medial
Royal Enfield has launched the Guerrilla 450, a premium roadster priced at Rs 2.39 lakh (ex-showroom). The new model is based on the Sherpa platform and shares similarities with the Himalayan 450. It features a 452cc single-cylinder engine, delivering 40 PS of power and 40Nm of torque. The motorcycle will be available in three variants and five colour options. In international markets, it will be known as Royal Enfield GRR 450 and will be priced at £4,850 in the UK and €5,290 in Germany.
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Royal Enfield to invest ₹1,000 cr in EVs, petrol bikes
Livemint
·
1y ago
Medial
Eicher Motors, the maker of Royal Enfield motorcycles, plans to invest ₹1,000 crore this fiscal year to build its first electric motorcycle factory and expand its petrol-driven motorcycle portfolio. The company aims to gain a larger share of the global mid-weight motorcycle market, which saw over 1 million units sold in FY23. Royal Enfield is focused on developing uniquely differentiated electric motorcycles with a strong brand DNA and has started investing in product development, infrastructure, and testing. In the Indian market, the company's market share for motorcycles above 125cc reached nearly 30% in FY23.
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Premium EV motorcycle startup Raptee appoints former Ather, Ola Electric Veteran C Suresh as Head of Operations
IndianStartupNews
·
1y ago
Medial
Electric vehicle (EV) motorcycle startup Raptee has appointed C Suresh, an industry veteran with over 25 years of experience, as its Head of Operations. Suresh has worked with major auto brands like TVS Motors, Royal Enfield, Mahindra, Ather, and Ola Electric and played a key role in product launches such as the RE Classic 500, Ather 450, and Ola S1. In his new role, Suresh will oversee manufacturing engineering, quality, sourcing, supply chain, and projects, and help set up processes and facilities for Raptee's upcoming products.
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One Electric expands overseas, commences EV motorcycle production in Kenya
Startup News FYI
·
1y ago
Medial
Mumbai's One Electric has begun producing electric motorcycles in Kenya through a joint venture. They plan a second Kenyan plant within two months, aiming to expand in Africa and Asia. The startup envisions localizing components and eyes battery manufacturing in Africa. It already offers electric vehicles in six countries and intends to enter the e-bike segment in 2024.
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Zetwerk Ropes In Former Royal Enfield Executive To Board
Inc42
·
12m ago
Medial
Zetwerk has added former Royal Enfield CEO Vinod Dasari to its board of directors. In the last financial year, the company earned INR 11,450 Cr in operating revenue and received a $20 Mn investment from Wheelhouse Ventures. It now holds a valuation of $2.8 Bn. Zetwerk aims to invest INR 1,000 Cr in its electronics business and has recently partnered with SMILE Electronics to establish new IT hardware factories.
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Stock Radar: Eicher Motors, Hero MotoCorp, Mankind Pharma, Ashoka Buildcon, KRN Heat, ITC in focus on Thursday
Money Control
·
10m ago
Medial
- Mankind Pharma receives regulatory approvals for the acquisition of Bharat Serums and Vaccines. - Zydus Lifesciences gets tentative approval from the USFDA for manufacturing Enzalutamide tablets. - Ashoka Buildcon receives the letter of award for multiple infrastructure projects worth crores. - Royal Enfield sales increase by 11% YoY, surpassing analysts' estimates. - Hero MotoCorp reports sales of 6.37 lakh units, beating analysts' expectations. - Maruti Suzuki India records a 1.9% increase in total sales, driven by higher exports.
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Ola launches e-bike services in Delhi and Hyderabad, announces fares
Livemint
·
1y ago
Medial
Ride-hailing platform Ola has launched e-bike services in Delhi and Hyderabad, with fares starting from ₹25 for a 5 km ride. The company plans to deploy 10,000 electric two-wheelers across three cities within the next two months and aims to have the largest EV 2W fleet in India. Ola has also set up 200 charging stations in Bengaluru to service its e-bike fleet. The move is part of Ola's vision to serve 1 billion Indians and promote nationwide electrification.
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Ola applies for licence to operate e-bike taxis in Karnataka
Economic Times
·
1y ago
Medial
ANI Technologies, the parent company of Ola, has applied for a license to operate an electric bike taxi service in Bengaluru and other towns in Karnataka. The state allows EV two-wheelers to be used as bike taxis under its Electric Bike Taxi Scheme, 2021. Ola's founder, Bhavish Aggarwal, recently announced the re-launch of Ola Bike, a two-wheeler taxi service that will use electric scooters. The move is aimed at expanding ride-hailing services in smaller towns and promoting environmentally friendly transportation options.
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Over 50,000 Left Jobless By Delhi Govt’s Aggregator Policy: Bike Taxi Union
Inc42
·
1y ago
Medial
Over 50,000 bike taxi drivers in Delhi have become jobless due to the proposed aggregator policy by the Delhi government. The Apna Bike Taxi Association accused authorities of ignoring their grievances and claimed that the policy, which requires fully-electric bike taxis, has left them with no options. Despite appeals to address the situation, the drivers do not have the funds to buy electric bikes, and there is a lack of electric bike taxis available in the market. The policy aims to regulate cab aggregators and delivery service providers in the city.
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