Wednesday, 29 January 2014

Japan's Terra Motors Introduces Rs 18 lakh Electric Superbike Kiwami

Japanese electric two wheeler maker Terra Motors Corporation today revealed an electric superbike, Kiwami, in India valued at Rs 18 lakh (ex-showroom Delhi).

The company, which plans to begin offering the bicycle in next couple of months, additionally plans to acquire a premium electric bike, an extent of competitive electric cycles 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.

Japan's Terra Motors introduces Rs 18 lakh electric superbike Kiwami

The Tokyo-headquartered firm, which will be importing the superbike at first into the nation, is looking to earn 25 for every penny piece of the pie in the Indian electric two wheeler portion. "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 cycle business is evaluated to be around 60,000 units for every annum.

The 1000cc Kiwami can blanket a separation of 200 km with a solitary charge and accomplish a top velocity of 140 km/hr.

Terra Motors, which sold 20,000 electric vehicles in Japan a year ago, is additionally at the present time finalising merchant accomplices 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 imperative business, Tokushige said the organization needs to be a leader in the electric two-wheeler portion 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.

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