TVS Motor Company, a leading manufacturer of two- and three-wheelers in the country, has appointed Gaurav Gupta as President of India 2W business.

Based out of Bengaluru he will report to K N Radhakrishnan, Director & CEO, TVS Motor Company and will focus on both ICE and EV two-wheeler business.

Gupta comes with over three decades of experience and has worked in multiple geographies including India, China, Dubai, Indonesia, Vietnam, and ASEAN markets. In his last stint, he served as the Deputy Managing Director and Chief Growth Officer for JSW MG Motor India. He has also served as MD for Bridgestone Tire Indonesia and also held various position for General Motors in the Asia Pacific region.

K N Radhakrishnan, Director & CEO, TVS Motor Company, said, “Gaurav has rich experience and expertise that will add significant value to the company. The company has been on a steady growth trajectory, delivering results well ahead of the industry. We are confident that under his leadership, we will further strengthen our market position and continue to set benchmarks. We wish him the very best and welcome him to the TVSM family.”

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Bengaluru-based electric vehicle maker Ather Energy has posted its highest quarterly revenue to date, reaching INR 9.95 billion for Q3 FY2026, which marks a 53 percent YoY growth.

The company attributed the performance to sales volume growth as well as a rise in non-vehicle revenue. During the period, the company sold 67,851 units, a 50 percent increase YoY. Consequently, Ather’s national market share has expanded to 18.8 percent.

Ather Energy reported a narrowing of its EBITDA loss to INR 299 million, with the EBITDA margin improving by 1,600 basis points to (-3 percent). This progress is attributed to cost management and operating leverage.

Key Financial Data:

• Adjusted Gross Margin (AGM): INR 2.51 billion, up 111 percent YoY.
• AGM (Excluding Incentives): 23 percent, an increase of 1,100 bps YoY.
• Non-Vehicle Revenue: Contributed 14 percent to total income, led by software subscriptions, charging and services.
• Quarterly Loss Reduction: Narrowed by 45 percent compared to Q2 FY2026.

Tarun Mehta, Executive Director & CEO, Ather Energy, said, “Q3 has been a strong quarter for us. Robust festive demand, healthy volume growth, and improving market share together drove our best quarterly revenue and EBITDA so far. Over the past few quarters, we have stayed very focused on getting the fundamentals right by improving unit economics, margins, and operating leverage, and that effort is now clearly showing in the improvement in EBITDA. What is particularly encouraging is the strength of our ecosystem. AtherStack attach rates remain very high, and customer engagement is deepening even as our sales scale. All of this gives us confidence that the business is structurally prepared for sustainable, long-term growth.”

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Suzuki Motorcycle India (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan has reported wholesales of 125,786 units in January 2026, which marks a 15 percent YoY growth.

In the domestic market, the sales increased by 14 percent to 100,296 units, as against 87,834 units last year, while exports came at 25,490 units, up 21 percent YoY.

Deepak Mutreja, Vice-President – Sales & Marketing, Suzuki Motorcycle India, said, “The sales results for January indicate growing demand in both domestic and international markets. This momentum is supported by our ongoing focus on continuous customer engagement, after‑sales service enhancement, and network expansion. We will continue to invest in these areas to ensure that customers receive a seamless and reliable ownership experience throughout the year.”

Furthermore, the company reported INR 895.6 million revenue through spare parts sales, marking a 20 percent YoY growth.

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India Yamaha Motor (IYM), a leading two-wheeler manufacturer, has announced the price of its first electric scooter – the EC-06 – at INR 167,600 (ex-showroom Delhi). The e-scooter based on the River Indie will initially be sold in select cities through the company's Blue Square showrooms in a Bluish White colour.

The EC-06 features a 4kWh fixed battery paired with an Interior Permanent Magnet Synchronous Motor (IPMSM). It offers a certified claimed range of 169km on a single charge. It has a claimed top speed of 79 kmph, 6.7 kW of peak power, 26 Nm of torque and can be charged in 8 hours using a standard plug. It comes with 3 years or 30,000 km warranty for the battery.

The vehicle is built with IP67-certified protection for the motor and battery, while other electronics carry an IP65 rating for water and dust resistance.

The scooter includes three riding modes – Eco, Standard and Power – alongside a Reverse Mode. The chassis uses telescopic front forks with hydraulic dampers and a rear coil spring suspension. Braking is handled by 200mm discs at both ends, supported by a Combi Brake System (CBS).

For storage and technology, the EC-06 provides 24.5 litres of under-seat space and a colour LCD display. It integrates with the ‘Yamaha Motor Connect R’ app for real-time data access.

Hajime Aota, Chairman, Yamaha Motor India Group, said, “The EC-06 marks an important step in Yamaha’s journey toward sustainable urban mobility. As India accelerates its transition toward a carbon-neutral future under the government’s visionary leadership, Yamaha is proud to support this national agenda through high-quality electric innovation. Designed for everyday commuting, it balances efficiency with performance, offering an impressive range and intuitive features. As a first-of-its-kind model from Yamaha, it demonstrates how sustainability and riding excitement can coexist – true to our brand philosophy and our responsibility towards the future of India’s green economy.”

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Vietnamese automotive company VinFast has unveiled a global business strategy for its electric scooter division, identifying the Philippines, Indonesia, India, Thailand and Malaysia as its initial markets. The expansion follows the company’s performance in Vietnam, where it delivered 406,453 units in 2025 to secure the largest share of the domestic scooter market.

The company plans to introduce a portfolio of models including the VinFast Flazz, Evo, Feliz II and Viper e-scooters, which will come with battery-swapping technology.

VinFast has completed a master plan for three product lines categorised as mainstream, premium and sport. To support these products, the company is collaborating with V-Green to establish charging and battery-swapping infrastructure.

The Philippines will become the first market in this phase, where VinFast has partnered with five dealers: Maverick Racing Factory Inc., MotorCentral, New Nemar Development Corp., Supremebike Corporation and ARC Trading. Globally, the company targets the establishment of hundreds of retail outlets by 2027. The commercial model integrates dealer networks, workshops and financial solutions.

The strategy focuses on regions with high urban mobility demand and shifts toward sustainable transport. VinFast intends to use its manufacturing capabilities and a pricing strategy to compete in the regional scooter segment.

Vo Thi Cam Tu, Managing Director, VinFast E-Scooters Overseas Market, said, "Expanding our e-scooter business globally represents a strategic pillar in VinFast's long-term development roadmap. We have conducted in-depth market research, worked closely with local partners, and developed comprehensive plans for dealer network expansion, product portfolios, and service ecosystems. Through collaboration with reputable dealers and strategic partners worldwide, VinFast is committed to delivering smart, sustainable, and accessible electrified mobility solutions, contributing meaningfully to the green transformation of transportation in diverse markets."

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