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Two-wheeler maker TVS Motor Company has decided to stop production of electric vehicles due to lukewarm response from the market. The company has stopped production of Scooty Teenz and has also shelved plans to launch electric three-wheelers.
"We have an electric three-wheeler , which we had planned to introduce but there is no market for such products. So we don't have any plans to launch it now , " said H S Goindi , President , Marketing , TVS Motor Co. "The market is not good for electric two-wheelers. So we are concentrating on our regular scooters and motorcycles , " said Goindi.
Scooty Teenz Electric , launched in April 2008 , failed to meet its expected sales of around 40 , 000 units per year.
India's scooter king Bajaj Auto Ltd (BAL) is planning to bring out an all new scooter model.
The company is preparing itself to launch a powerful sports scooter next year. This scooter is expected to be priced at around Rs 45 , 000-50 , 000. This scooter will compete with the scooter models of Yamaha and Honda.
Currently , only one scooter model , the Krystal is coming from Bajaj's stable. Krystal was put up several years ago. The Krystal has not been a successful product. Today , 1000 units of Krystal are sold a month while the competitors like Honda Motorcycle and Scooter India have averaged nearly 55 , 000 units per month with 55 per cent market share.
Bajaj Auto believes that its new scooter will definitely help the company make a mark on a new segment.
Having sensed the rising fame and sales of Honda Activa , Bajaj doesn’t spare any moment to commit itself to combat with its own brand. This would , however , materialise at least after two years. The scooter will portray the pro-USP technology. Wait and watch , cos’ two years will run away like milestones crossing away at a rapid speed.
Suzuki Motorcycle India Ltd , the producer of super bikes such as Hayabusa , Boulevard , GSX etc , had decided to sever the control in the automatic scooter segment by Hero Motorcycle and Scooter India Ltd (HMSI).
Presently the Suzuki has a share market of 25% and it has plans to increase it as twice by the end of this economical year. Adding a year back it placed it steps in the segment.
For the past seven year HMSI was prevalent in the scooter scene and currently it has a market share of 57% put in by the Activa and Aviator.
By the close of this economical year Suzuki has decided to improve and promote by increasing the production to 20 , 000.
The release of HMSI’s new Activa was to offset the heat from Access 125 , said Gupta "There are many more features in Activa and they are the model of the Access. Currently , Activa has turned into a next option , " he added.
"However the company prices Rs 2 , 000 additional than the Activa , which is just 110 cc , Access 125 is chosen as it has extra power owing to higher cc , fuel cutback regardless of higher cc and further product features as assessed to the novel Activa” , said Gupta.
For each month HMSI's two models are selling 55 , 000 units of the overall market of 1 , 00 , 000 automatic scooters , said Mathur. "The company achieved an improvement of 11% in the previous fiscal and for the present year the company will retain a 10% improvement , ” said Yogesh Mathur sales head , HMSI.
Each of that sturdy in the scooter division decided to concentrate on motorcycles and they anticipate the subsequent sign of improvement to enter into the stage. The present Zeus and Heat (125cc) will turn into as entry level bikes and the Suzuki Motorcycle will release a 125cc bike by the coming year.
The first two-wheeler ‘Flyte’ got released by Mahindra and Mahindra Ltd which is a part of the $6.7-billion Mahindra Group and it is introduced in all market places in India.
It is a 125cc automatic scooter. And it comes with front fuelling , the prevalent storage space in its class and four-in-one anti-theft key and telescopic suspension that make certain the smooth travel.
Moreover this is a section of Mahindra's approach to foray into the two-wheeler market. And it took place subsequent to the gaining of the business properties of Kinetic Motor Co in the end of the year 2008.
“The releas of the Flyte symbols the start of our two-wheeler foray , said Anoop Mathur , Mahindra's two-wheeler business president ,
At the start in the tier II and tier III cities the two-wheeler will be available at the company's 238 dealerships.
"In order to provide technologically best products to our patrons the company exercises the design and engineering services of all our links , together with the Italy-based Engines Engineering , in all our product improvement effort" Mathur added.
Also broad sort of automobiles including multi-utility vehicles , light commercial vehicles , passenger vehicles and three wheelers are in control with Mahindra. Adding , the company provides over 20 models , counting new generation utility vehicles like the Scorpio and the Bolero as well.