Auto Expo: Startups, new entrants take center stage on Day 2

Greater Noida:  Startups, electronic vehicle players and the firms entering India were at the forefront on the 2nd day of the biennial Auto Expo 2018 here, showcasing a range of products from scooters to bikes to cars.

About 12 startups have participated in the 14th edition of Auto Expo, with an aim to be a part of Indias story of transition from internal combustion engines to electric mobility.

Electric two-wheeler maker Twenty Two Motors today launched a smart electric scooter Flow, priced at Rs 74,740, and has plans to roll out over 2 lakh units in three years. 

The startup will make its manufacturing facility in Haryana operational by the second quarter and will roll out 50,000 vehicles per year with an investment of USD 70 million. The delivery will be done by the second quarter of 2018.

Twenty Two Motors CEO and co-founder Parveen Kharb said: “We are going to start the production with 300 scooters per day and in the first three years we will roll out 2 lakh electric vehicles.”

American bike makerCleveland CycleWerks(CWC), which is marking its foray in the country, today announced the launch of two models Ace and Misfit.

The company, which has distribution in 23 countries, has joined hands with Laish Madison Motor Werks (LMMW) to bring its retro style motorcycles in the country and has a fully integrated assembly facility in Pune.

“We are looking to sell at least 5,000 units by 2019 and we have an installed capacity of approximately 35,000 units in Pune,” LMMW CEO Pranav T Desai told on the sidelines of the launch here.

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