Electric 2-wheeler sales jump 85% to 1.39 lakh units in October
Sales of Tata Motors, India’s largest electric carmaker, rose 10% year-on-year to 6,152 units in October. JSW MG Motor India witnessed 168% rise in retail sales at 2,530 units.
Sales of Tata Motors, India’s largest electric carmaker, rose 10% year-on-year to 6,152 units in October. JSW MG Motor India witnessed 168% rise in retail sales at 2,530 units.
Puts Europe at the centre of plans to take the company into higher margin categories.
TVS Motor MD Sudarshan Venu says the company will explore CNG two-wheelers as well.
Bajaj Auto sold 18,933 electric scooters in September, taking over TVS Motor as the second-largest electric two-wheeler player during the month.
TVS already makes CNG-powered autorickshaws. Bajaj Auto has sold 8,740 CNG motorbikes since launch in July.
Ola Electric clocked registrations of 27,518 e-scooters in August, down 34% compared with 41,624 units in the previous month.
EVs to account for 20-25% of TVS Motor’s volumes in next 3 years, says TVS Motor managing director Sudarshan Venu
Brokerage PhillipCapital maintains a "NEUTRAL" rating on the stock, with a price target of ₹2,261, down 9% from Tuesday's levels
Ola Electric, the country's largest electric scooter maker, clocked 37,225 registrations in May, a 9% rise over the previous month when incentives were slashed to ₹10,000 per vehicle.
TVS claims the entry-level variant of its top-selling electric scooter offers 75 kilometres of real-world range on full charge.