The electric bike maker will be utilising the fund for expanding its product portfolio. It will focus on localising its research and development division by implementing modern technology with this investment.
The Supreme Court has stayed an order by the National Green Tribunal given on Dec 15, 2017, that even the two wheelers that ply on the capital city’s roads come under the purview of the ‘Odd-even’ scheme, in which vehicles with either odd or even numbers are banned from using public roads when particulate matter hits a particular limit.
The government has given the electric vehicle segment a shot in the arm by extending Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles India scheme for another six months. Better known as FAME, this scheme is responsible for the subsidies that have made electric vehicles affordable.
Avan Motors, an electric scooter manufacturer, has launched two new products in India. Christened as Xero and Xero+, these scooters are now on sale priced at Rs 55,000 and Rs 85,000 respectively (ex-showroom).
It is not necessary that the power produced must go down when bikes are being updated to meet the tight Euro 4 emission norms. Renowned electric bike maker – Energica- has launched the 2017 Ego and Eva which are now Euro 4 compliant and get a surfeit of power.
The Hero Electric Flash has been launched in India at an introductory price of Rs 19,990 (ex-showroom, Delhi). Available pan-India, this entry-level offering has been targeted at first-time scooter buyers.