The maker of the Chetak EV scooters will enter the electric three-wheeler space in mid-2021, followed by an electric quadricycle as well as a high-power motorcycle, which is under development in tandem with its Austrian partner KTM.
The Group will invest Rs 100 crore in the new venture. The Group plans to start off operations by introducing a range of e-cycles. Himadri Group eventually plans to launch four new products in the two-wheeler and three-wheeler segment. The product range will be made available across the country in a phased manner.
Several people aware of the development told ET that Hero MotoCorp has done due diligence of all the Harley dealers in the country, and has already signed around 10 of them. These contracts with Harley dealers will come into effect from January 1.
With a strong focus in 2020, Yamaha has registered a 4.3 per cent growth in July (as against July 2019), 14.8 per cent growth in August, 17 per cent growth in September and 31 per cent growth in October 2020 as compared to October 2019, the company said.
This would help in avoiding sale of low-quality two-wheeler helmets in the country, which would help in protecting persons involved in accidents from fatal injuries, the Ministry of Road Transport and Highways said in a statement.
Celebrating the success of Activa's 20-years unparalleled journey of leadership and trust of over two crore Indian customers, the company has launched the special 20th-anniversary edition of Activa 6G, HMSI said in a statement.
The new range of vehicles is designed to target business-to-business (B2B) and business-to-consumer (B2C) markets and exposes the latest technology to ground level, Anglian Omega Group Chairman Uday Narang said in a statement.
Exports momentum is expected to continue in the remaining part of FY21 and FY22, primarily driven by the exporting countries' lower penetration level, demand for usage as commercial fleet, stability in crude prices, lack of public infrastructure and aversion to public transport amid COVID-19, India Ratings and Research said in a statement.
Harley-Davidson Managing Director (Asia Emerging Markets and India) Sajeev Rajasekharan said in a statement, "As we change our business model in India, we are pleased to be continuing our journey in the country together with Hero MotoCorp. We are working closely with Hero to ensure a smooth transition for our riders."