EMotorad Launches India's Most Affordable E-bikes At EM Summit 2023
- By MT News
- January 20, 2023
EMotorad launched a range of X-Factor line Xplorer+ and exclusive range of Elite e-bikes Nighthawk and Desert Eagle in the Indian market at the EM Summit 2023, the range being India’s most affordable, the company claims. The new e-bikes range was unveiled by actress Neha Dupia, followed by the launch of revolutionary IoT technology that is soon to be integrated into the e-bikes.
Kunal Gupta, Co-founder and CEO of EMotorad, said, “We are thrilled to be a forerunner in the premium e-bikes space in India. The striking concept with boosted performance and premium design makes it an exceptional choice for riders. Integrated with disruptive technology will further equip the rider with excellent agility and control in the journey of fitness and adventure.”
The entire range of e-bikes is equipped with top-of-the-line features and parts, and is built for the trails with exceptional premium components. It boasts precise EXACT ACTUATION technology that eliminates slop and shifting variation.
The ultra-premium e-bike, Nighthawk, possesses a strong aluminium frame, 150 mm travel fork and 35 mm stanchions for precise handling and high stiffness levels. It leverages the history of SRAM shifting with an X5 derailleur that provides incredible shifting speed. Additionally, the e-bike is equipped with Tektro 2 piston front and rear brakes and Maxxis Minion DHF Exo Protection Tubeless Ready tyres.
Desert Eagle is equipped with a 120 mm travel fork and possesses a Proven Motion Control damper, featuring low-speed compression adjustment to lockout with external rebound adjustment. The app-controlled e-bike also leverages SRAM shifting to provide incredible shifting speed while eliminating slop and shifting variation. Plus, it features Kenda Juggernaut 30 TPI wirr bead Puncture Resistant Tyre Casing for a hassle-free riding experience.
The launch of the Elite e-bike range was followed by the unveiling of the X-Factor Range – a new trail-blazing economical e-bike range, designed and built in India for the regular Indian. The X-Factor Range is the culmination of thorough research and design to make these e-bikes the most budget-friendly premium e-bikes for everyday use over different terrains for riders of all age groups.
The entry-level X-Factor range of e-bikes feature detachable batteries, LCD displays and class-leading specifications to serve as a gateway to new e-bike users. Each model also features durable steel frames and single speed drivetrains with the option to add derailleurs. X1 possesses mechanical disc brakes with auto cut off and a high tensile steel frame with one level of pedal assist with 12 magnets, while X2 and X3 feature three levels of pedal assist. Both the X1 and the X2 boast removable batteries.
EMotorad also shared its plans to disrupt the e-bikes market with its revolutionary technology. The event wrapped up with an exclusive Tech Launch, showcasing the IoT-enabled e-bikes that will tackle many user problems, such as measuring the calories burnt and setting targets and goals as per users’ requisites.
The new-age technology that will be integrated into e-bikes redefines the biking experience in the country, making it a modern and carbon-neutral commute alternative, according to EMotorad. In addition, it plans to make a smart e-bike with EMotorad’s state-of-the-art app features to track heart rate, calories and kilometres travelled, and a platform for a community of riders to connect and plan rides. The tech has GPS and geo-tracking features for safety and navigation purposes. When paired with a new cluster for the e-bikes, it will create an immersive e-biking experience for the riders, the company states.
The price of the X-Factor range of e-bikes starts from INR 24,999 and the Elite range of e-bikes starts from INR 475 million onwards. The e-bikes will soon be available to purchase from EMotorad’s official website (https://emotorad.com), online marketplaces and offline dealerships.
VinFast Auto India And CSB Bank Sign MoU For Electric Vehicle Financing
- By MT Bureau
- March 24, 2026
VinFast Auto India has entered into a strategic partnership with CSB Bank to provide financing solutions for its dealer network and retail customers. The Memorandum of Understanding (MoU) focuses on inventory funding and auto loans to support the market entry of the VF 6 and VF 7 electric SUVs in India.
The collaboration enables CSB Bank to offer credit solutions across VinFast’s product portfolio. Retail customers can access up to 100 percent on-road funding with various repayment options. To facilitate the process, the bank will deploy relationship managers to provide on-site support at dealerships.
For the dealer network, the agreement includes inventory financing to support the expansion of VinFast’s showrooms, which the company expects to double in number during 2026. The partnership utilises CSB Bank’s national branch network to extend these financial services across diverse Indian markets.
VinFast is currently establishing an assembly plant in Tamil Nadu and developing an aftersales service system. Both the VF 6 and VF 7 models have received 5-star Bharat NCAP safety ratings.
To lower entry barriers, VinFast has introduced several financial initiatives including assured Resale and Buyback, free charging across the V-Green network until 31 March 2029. The ‘Trade Gas for Electric’ initiative, running until 31 March 2026, offers incentives of 3 percent for electric cars and 5 percent for electric two-wheelers for customers switching from internal combustion engine vehicles.
Tapan Ghosh, CEO, VinFast India, said, “Our partnership with CSB Bank is a natural extension of our approach in India, where accessibility and affordability are critical to scaling EV adoption. In markets like India, the transition to electric mobility depends not only on the product, but also on how simple and practical ownership is for customers. Through this collaboration, we aim to offer flexible financing solutions that reduce entry barriers, while continuing to build a reliable and well-rounded ecosystem. It is one of several steps we are taking to ensure a consistent, dependable, and customer-focused EV experience in the country.”
Narendra Dixit, Head of Retail Banking at CSB Bank, commented, “Electric mobility is no longer a future concept; it is rapidly becoming a mainstream choice for customers and businesses alike. As adoption accelerates, there is a growing need for accessible financing solutions that enable both customers and dealers to participate in this transformation. The Special partnership with VinFast is a step forward in that direction. By combining VinFast’s strong product vision in the EV space with CSB Bank’s financing capabilities, we aim to create a robust ecosystem that supports both retail auto buyer solutions and dealer network through tailored auto loans and inventory financing solutions.”
Nawgati Launches Aaveg Pro Fuel Retail Platform At PDAP AGM 2026
- By MT Bureau
- March 23, 2026
Nawgati has announced the launch of Aaveg Pro, an integrated operations platform for petroleum dealers, at the Petrol Dealers Association Pune (PDAP) Annual General Meeting. The system is designed to digitise fuel station management within the Indian retail ecosystem.
Aaveg Pro serves as a digital operating system to replace manual workflows in fuel retail. The platform consolidates several critical station functions into a single interface:
- Sales and Inventory: Features include shift-level nozzle reconciliation, live inventory tracking and stock variation control.
- Financial Accounting: The system supports VAT, GST, cess and surcharge handling to maintain audit-ready records and real-time balance sheet visibility.
- Fleet and Credit Management: Dealers can manage digital fleet contracts, consolidated invoicing and credit risk monitoring.
The platform is designed to integrate with existing station infrastructure, such as dispensers, CCTV systems, fuel storage compressors and vehicle-tracking systems, to provide operational oversight.
Vaibhav Kaushik, Co-Founder & CEO, Nawgati, said, “The launch of Aaveg Pro reflects our continued commitment to building solutions that solve real operational challenges for fuel dealers. Fuel retail in India still relies heavily on fragmented and manual workflows across accounting, stock monitoring, reconciliation, and customer credit management. With Aaveg Pro, we are bringing these critical functions onto one integrated platform so that dealers can operate with greater visibility, control, and efficiency.”
Aalaap Nair, Co-Founder, Nawgati, said, “Aaveg Pro has been built specifically for the day-to-day realities of fuel retail operations in India. From shift-level reconciliation and stock tracking to consolidated fleet invoicing and live financial reporting, the platform is designed to reduce complexity and improve decision-making at the station level. Our goal is to help dealers move away from manual processes and adopt a smarter, more scalable way of running their businesses.”
Mahindra’s Charge_iN Partners HPCL To Expand EV Charging Network
- By MT Bureau
- March 20, 2026
Charge_iN by Mahindra and Hindustan Petroleum Corporation (HPCL) have signed a strategic agreement to develop electric vehicle (EV) charging infrastructure at HPCL retail outlets across India. The collaboration aims to utilise HPCL’s national fuel station network to increase the availability of public charging points for electric four-wheelers.
HPCL currently operates over 24,400 retail outlets and has installed more than 5,400 charging stations under its HP e-Charge brand. The new stations established through this partnership will exclusively feature 180 kW dual gun chargers, designed for high-speed charging.
The deployment is intended to support the transition to green transportation in India, currently the third-largest automotive market globally. The agreement focuses on building an ultrafast charging network to improve reliability and reduce charging times for EV users.
The partnership aligns with the government's objective of strengthening public EV infrastructure. By integrating chargers into existing fuel stations, the companies aim to provide a platform for nationwide expansion and seamless access for drivers.
Bijliride Announces Expansion To 25 Cities Via Franchise Model
- By MT Bureau
- March 20, 2026
Electric mobility startup Bijliride has detailed plans to expand its franchise network to more than 25 Indian cities. Operating under a Franchise Owned–Franchise Operated (FOFO) model, the company aims to onboard 30 franchise partners by March 2027 and scale its fleet to between 10,000 and 15,000 electric two-wheelers within the next 18 months.
The expansion the startup claims is projected to drive 150 percent growth in fleet operations. Bijliride has identified several urban mobility markets for this phase, including:
- Tier 1 Cities: Mumbai, Delhi NCR, Bengaluru, Chennai, and Kolkata.
- Emerging Hubs: Hyderabad clusters, Jaipur, Patna, Lucknow, Ahmedabad, and Kochi.
- Logistics Centres: Nagpur, Indore, Surat, and Visakhapatnam.
The strategy targets demand from logistics operators, gig economy platforms and urban commuters.
Under the FOFO structure, local partners own and manage the fleets while Bijliride provides the technology infrastructure. This includes real-time vehicle tracking, battery management protocols, and rental management systems.
The partners have to commit to a minimum of 50 electric two-wheelers to begin with, an initial investment of around INR 1.4-1.6 million, with a projected breakeven in approximately 15 months under stable fleet utilisation. The startup also assists partners with driver onboarding and connects fleets with demand from local delivery businesses and gig platforms.
Shivam Sisodiya, CEO and Co-Founder, Bijliride, said, “Electric mobility demand in India is growing rapidly, particularly among gig workers and last-mile delivery operators. At this stage, our focus is disciplined scale. The FOFO model allows us to grow responsibly by partnering with local entrepreneurs who understand their markets while leveraging our technology platform and operational systems. This structure enables us to expand faster while ensuring fleets are managed efficiently on the ground.”

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