One look at the electric Kridn (pronounced Kree-Done, which in Sanskrit means ‘to play’) motorcycle and except for a box-like enclosure below the tank, there’s hardly anything unusual or exciting about it, in comparison to a conventional machine. The news of its export therefore does not click at once. Not, because it comes from a company that does not have a long legacy of automobile manufacture to boast of. A search about the company on the internet draws media reports, but the company website does not speak much about itself. It seems to speak more about the product rather than the company or its manufacturing infrastructure. A search concerning the company’s CEO, Gaurav Uppal, throws a Linkedin link. His previous ventures mark him as the co-founder of ‘Lets Score Soccer Stats’ app and then as the CEO of MapMyMeet iOS and Android App. This looks and sounds quite unlike how one would read the profile of Pawan Munjal, Managing Director, Hero MotoCorp, or that of Rajiv Bajaj, Managing Director, Bajaj Auto. Perhaps that is where the magic of automotive electrification comes into play. There is no need for a manufacturing legacy of two-wheelers or a position of fame in the two-wheeler industry to be producing an electric two-wheeler. 

Coming under the spotlight sometime last year, Noida-based One Electric, it does not take long to figure out, is a start-up. Like Ola or a Zomato, it is sans any baggage that a legacy manufacturer would carry. Add to this equation the announcement to invade the African market and things start to settle down. As of now, One Electric has started exporting its Kridn electric motorcycle to Kenya. Against a backdrop where an estimated three million electric vehicles were sold the world over in comparison to an estimated 17,000 EVs sold in 2010, the ambition of One Electric to invade four other African markets begins to make sense. Priced at INR 1.25 lakh approximately, the Kridn is touted as the fastest electric motorcycle in India. It is claimed to be capable of a top speed of 95 kmph. Exported to Africa with an eye on the bike-taxi segment there (it is called as ‘Bodaboda’), the Kridn is promising a big change. Stacked against the Chinese, it is, according to Gaurav Uppal, offering the African bike-taxi buyers a sustainable, profitable and eco-friendly alternative to what they are currently using. 

The ‘African’ proposal

Stating that the Kridn is designed for tough road conditions, heavy loading and high temperatures, Uppal averred that it is capable of fitting into the African transport system, which is motorcycle intensive. Of the opinion that the Kridn is capable of answering the needs of African, Indian and South American users, he informed that the robust build of the Kridn is complemented by its comfortable seats, metal body and high power-speed capability. Emphasising that this is conducive enough to replace the stock petrol motorcycles Africans are using, Uppal explained that the Kridn can swap batteries, offer superior power and speed qualities, and can withstand heavy loading despite the rough road conditions that prevail in Africa. Claiming to be the first electric two-wheeler company to invade the African market, One Electric is working towards becoming a serious player in the African markets. It is keen to leverage the Kridn’s battery swapping technology to ensure that the bike-taxi operators are able to honour their timelines. Bike-taxi services are highly time sensitive. The option of battery swapping provides a convenient alternative to operate an internal combustion engine powered bike. 

Drawing attention to the electric motorcycle’s design and manufacturing process, Uppal said, “We have a complete in-house design, prototyping, development and production setup.” “We make our moulds and dies,” he added. The manufacturing process of One Electric is such that once a design is finalised, a 3D print-out is taken to check the fitment and alterations. Two or three iterations are a part. A pattern is made thereafter and plastic moulds are embarked upon. It is similar for metal parts manufacture, except there is no 3D printing resorted to. There are other technologies that One Electric employs. Agile enough to adapt and improvise a motorcycle design, according to Uppal, the company boasts of over 80 percent localisation. It uses high quality components to produce the Kridn and is working to achieve 100 percent localisation. Known to use a Honda frame for reference to built its own, One Electric is confident of achieving the goal.

About Kridn

To ensure a robust build, the chassis of the Kridn is said to be two-to-three kg heavier than those of similar motorcycles. It is built in-house along with parts like the battery, tank and speedometer. With stress on utility rather than a funky look, the Kridn employs seat, suspension, throttle and switches, lights and tyres that are sourced from leading suppliers in India. The seat, for example, is sourced from Meenakshi Polymers, the same company that supplies to Hero MotoCorp. The lights are said to be supplied by Fiem Industries, which also is a supplier to Harley-Davidson and Royal Enfield. The suspension is claimed to be sourced from Munjal Showa, which enjoys a supplier status with Hero MotoCorp as well. The quantity of supply by Munjal Showa to Hero MotoCorp per month is said to be no less than half a million bike-pieces per month! The tyres are sourced from Ceat. 

With One Electric known to own an IP right for the design, fuel tank and battery box cover of the Kridn,  the cells of the battery pack for the electric motorcycle are claimed to be imported as of now. The motor controller and the single brake component are also said to be currently imported. The Noida plant of One Electric has the capacity to produce 1,000 units per month. A bigger plant at Pune and Delhi-NCR will soon elevate the count to 10,000 units a month, quipped Uppal. “Expect that to happen in the next three-to-four months,” he added. Aggressively pursuing localisation, One Electric is claimed to have two provisional patents for a new type of motor which is being developed locally. The company is said to hold six-to-seven IPs. Focusing on B2B segment in India, the company, completing multiple last-mile delivery trials, has started receiving LOI's for a pan-India rollout. Insisting on a limited presence in the B2C segment, it is aiming at a first-year deployment of close to 10,000 units.

The road ahead

Stating that the company did not avail of government subsidies due to the lack of suitable drivetrains in India, Uppal mentioned, “The invitation from states for setting up a manufacturing unit has boosted our morale.With the petrol prices rising, electric vehicles have an opportunity to draw people to them. On charging infrastructure for electric vehicles, Uppal averred that the lack of space to comfortably park the vehicle and charge is proving to be a limitation. “This is giving rise to technologies like battery swapping,” he stated. Expecting battery swapping and charging stations to come up, the way ahead, according to Uppal, will be ‘fast charging’ battery swapping stations. Several startups are focusing on that too, he informed. Of the opinion that one battery pack in a vehicle should have enough capacity to last at least two days, Uppal averred that his company is working on a battery tech that could help achieve this goal. It is doing so for its B2C consumers. For the B2B consumers, it is developing a separate infrastructure all together, consisting of ready charging at certain points in the city.

Facing a disruption due to Covid-19 in the form of factory shutdown and supply chain issues, One Electric is working to invade the European and South American markets by 2022. “The South American market,” said Uppal, “is similar to the Indian and African market.” “The European market at the other end is about high cost and quality components, about performance and more,” he added. To focus on the brand of lithium cells for its European strategy, the company, in India, is currently pushing the Kridn through 25 dealerships across six states. (MT)

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Carolwood LP has officially closed its agreement with Polaris to acquire the iconic Indian Motorcycle Company, which will now become an independent business.

The transition coincides with the 125th anniversary of the company, which also sees Mike Kennedy, a veteran of the motorcycle industry, take over as the Chief Executive Officer of the stand-alone entity.

The acquisition agreement includes the transition of approximately 900 employees to the new Indian Motorcycle Company. Manufacturing operations will remain at existing facilities in Spirit Lake, Iowa and Monticello, Minnesota.

Industrial design, technology and product development will continue at research and development centres in Burgdorf, Switzerland and Wyoming, Minnesota. Sales, service, and support for the dealer network and customers are expected to continue without interruption.

The company’s strategy involves concentrated investment in motorcycles, technologies, and craftsmanship. The executive emphasised a commitment to the brand's American manufacturing identity and its dealer partnerships.

Mike Kennedy, said, “It’s an incredible honour to take the helm of Indian Motorcycle as it celebrates its 125th Anniversary, empowered by a sense of gratitude and opportunity, and the support and ambition of a well-resourced, highly motivated ownership team. 2026 will be a special year to honour our history, but more importantly, to drive the brand into the future with a renewed level of commitment, focus and clarity that can only be found as a stand-alone company.”

The new leadership intends to focus on transparency and collaboration with its global dealer network, incorporating feedback into operations, marketing, and product development.

“We will achieve our vision through a deeper level of differentiation, leaning in on what makes our brand unique, and with products that possess a style, craftsmanship and performance quality that is uniquely justified by our historic legacy and spirit of innovation. Dealers are our most important partners, and we will judge our business based on the success of our dealers. We intend to be extremely collaborative with our dealers, actively listening to their feedback and incorporating it into our planning and decision-making, not only in terms of dealer operations, but also product development and marketing. America’s first motorcycle company will put America first. Our brand and business will be grounded in our American identity and more importantly, American manufacturing. ‘Built in America’ is not a slogan. It’s a competitive advantage, and we intend to use it,” added Kennedy.

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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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