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The four brands have signed up to form a consortium, which will oversee the development of a common battery swapping technology
Work will begin in May 2021.
Expect the brands to introduce standardised swappable battery packs for their products in Europe first, followed by other global markets.
Bajaj could also benefit from this move as it has already teamed up with KTM.
KTM, Yamaha, Honda and Piaggio have signed a letter of intent to form a consortium, to create swappable battery technologies that are common to all four brands. Keen enthusiasts would know the move is similar to what the Japanese Big Four (Honda, Kawasaki, Suzuki, Yamaha)