New Delhi: Japanese electric two wheeler maker Terra
Motors Corporation unveiled an electric superbike,
Kiwami, in India priced at Rs 18 lakh (ex-showroom
Delhi).
The company, which plans to start selling the bike in
next couple of months, also plans to bring in a premium
electric scooter, a range of affordable electric bikes and
electric three wheelers into the Indian market.
"Besides, Kiwami, we plan to bring in a premium electric
scooter and a electric three wheeler this year. We will
also consider launching affordable range electric bikes in
the future," Terra Motors Chief Executive Officer Toru
Tokushige told reporters here.
The Tokyo-headquartered firm, which will be importing
the superbike initially into the country, is looking to
garner 25 per cent market share in the Indian electric
bike segment.
"We are targeting 25 per cent market share this year in
the electric bike segment. We also plan to invest Rs 30
crore during the year," Tokushige said.
The Indian electric bike market is estimated to be
around 60,000 units per annum.
The 1000cc Kiwami can cover a distance of 200 km with
a single charge and achieve a top speed of 140 km/hr.
Terra Motors, which sold 20,000 electric vehicles in
Japan last year, is also in the process of finalising
dealer partners in India.
"With immense knowledge of electric vehicles, we will
associate ourselves with the dealers who are well
experienced in service quality," Tokushige said.
Terming India as an important market, Tokushige said
the company wants to be a front runner in the electric
two-wheeler segment in the country.
"India is the second largest producer of two-wheelers in
the world. Hence it is an important market in our
strategic growth plan," Tokushige said.
Japan's Terra Motors unveils Rs 18 lakh electric superbike | Deccan Chronicle
Motors Corporation unveiled an electric superbike,
Kiwami, in India priced at Rs 18 lakh (ex-showroom
Delhi).
The company, which plans to start selling the bike in
next couple of months, also plans to bring in a premium
electric scooter, a range of affordable electric bikes and
electric three wheelers into the Indian market.
"Besides, Kiwami, we plan to bring in a premium electric
scooter and a electric three wheeler this year. We will
also consider launching affordable range electric bikes in
the future," Terra Motors Chief Executive Officer Toru
Tokushige told reporters here.
The Tokyo-headquartered firm, which will be importing
the superbike initially into the country, is looking to
garner 25 per cent market share in the Indian electric
bike segment.
"We are targeting 25 per cent market share this year in
the electric bike segment. We also plan to invest Rs 30
crore during the year," Tokushige said.
The Indian electric bike market is estimated to be
around 60,000 units per annum.
The 1000cc Kiwami can cover a distance of 200 km with
a single charge and achieve a top speed of 140 km/hr.
Terra Motors, which sold 20,000 electric vehicles in
Japan last year, is also in the process of finalising
dealer partners in India.
"With immense knowledge of electric vehicles, we will
associate ourselves with the dealers who are well
experienced in service quality," Tokushige said.
Terming India as an important market, Tokushige said
the company wants to be a front runner in the electric
two-wheeler segment in the country.
"India is the second largest producer of two-wheelers in
the world. Hence it is an important market in our
strategic growth plan," Tokushige said.
Japan's Terra Motors unveils Rs 18 lakh electric superbike | Deccan Chronicle