With the deployment of these vehicles, Ola claims to have the largest EV 2W fleet in the country. The company will scale up the e-Bike services throughout India by the end of this year, the statement added.
Bajaj Auto s revenue from operations grows 30% YoY to ₹12,114 crore in Q3FY24, with profits up 37% YoY to ₹2,042 crore and Ebitda margins at 20.1%. TVS Motor s revenue rises 26% YoY to ₹8,245 crore, with net profit up 68% to ₹593.35 crore.
Bajaj Chetak Electric: Encouraged by the electric-powered rebirth of the Bajaj Chetak - which has been a runaway success - and a thriving domestic electric two-wheeler market, two more iconic 70s brands are electrifying their yesteryear favourites.
Hero MotoCorp CEO Niranjan Gupta stated that it will take some time to introduce electric bikes through the company s partnership with California-based Zero Motorcycles because the Indian market is still in its early stages of development and is still quite expensive. He further added that future mass-market electric motorcycles will be developed using the partnership s technology. To further augment the EV sales, Gupta commented that the company has increased the availability of Vida to 100 cities as of last week and will enter 100 more cities in the next year.
With an aim to accelerate its electrification journey, Hero MotoCorp plans to bring three new electric two-wheelers in the next one year, company CEO Niranjan Gupta said