Electric two-wheeler sales rise in May
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.
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.
TVS Motor shares hit an intraday high of ₹2,121 on the BSE.
The company enters Vietnam through its collaboration with Minh Long Motors, which will be its distribution partner.
According to the two-wheeler and three-wheeler manufacturers, the partnership is part of TVS Motor's plan for global expansion.
TVS X is available at an introductory price of ₹2.50 lakh (ex-showroom Bengaluru) with portable 950W chargers at ₹16,275, and a 3kW Smart X Home rapid charger.
PNB, Trent, TVS Motor, Shriram Finance, and Zydus Lifesciences will replace these five stocks in the Nifty Next 50 index, effective from September 29, 2023.
Hero, Bajaj, Yamaha and TVS work on taking market share from Royal Enfield
Hero MotoCorp's domestic sales in May grew by 8.9% year-on-year to 5,08,309 units as against 4,66,466 units in May 2022.
Hero MotoCorp was the top laggard on the BSE auto index, falling as much as 3.3% to ₹2,470.60 on weak monthly sales in April.