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)
TVS Motor Company Reports Strong Q1 With 20% Revenue Growth
- By MT Bureau
- August 01, 2025
Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company has announced its financial results for Q1 FY2026, with a significant 20 percent increase in revenue for the first quarter.
The company's revenue climbed to INR 100.81 billion, up from INR 83.76 billion in the same period last year.
The company's profitability also saw a major boost. Operating EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew by 32 percent to INR 12.63 billion, with the operating margin improving to 12.5 percent from 11.5 percent. This led to a 35 percent increase in Profit After Tax (PAT) to INR 7.79 billion.
During the period, TVS Motor registered its highest ever quarterly sales, with overall two- and three-wheeler sales growing by 17 percent to 1.27 million units. This includes motorcycles sales at 621,000 units, up 21 percent, scooters at 499,000 units, up 19 percent, three-wheelers sales at 45,000 units, up 46 percent and electric scooters at 70,000 units, up 35 percent YoY respectively.
Ather launches 450S variant with 161km range at INR 146,000
- By MT Bureau
- July 31, 2025
Bengaluru-based electric two-wheeler manufacturer Ather Energy has launched a new variant of its 450S electric scooter, featuring an upgraded 3.7 kWh battery pack that delivers an IDC range of 161km. Priced at INR 145,999 (ex-showroom, Bengaluru), the new model offers an extended range while maintaining the performance DNA of the 450 series.
The variant is positioned to bridge the gap between the entry-level 450S 2.9 kWh and the higher-end 450X. It features the same 5.4 kW motor producing 22 Nm of torque, a claimed top speed of 90 kmph, and zero to 40 kmph acceleration in 3.9 seconds.
Ravneet Phokela, Chief Business Officer, Ather Energy, said, "The 450 series has always set the bar for performance, technology, and reliability in the Indian electric scooter market. With the launch of the 450S featuring a 3.7 kWh battery pack and an IDC range of 161km, we're bringing the extended range previously exclusive to the 450X. The new 450S variant is specifically designed for riders who prioritise the sporty appeal and long-range capability of the 450 series over the advanced software features of the 450X. With an IDC range of 161 kms offered by the new 450S, riders can now confidently plan longer journeys and still experience the thrilling performance the 450 series is renowned for, all at a more accessible price."
The new 450S retains the sharp styling and build quality of the 450 range, while offering four riding modes – Smart Eco, Eco, Ride and Sport. It also comes equipped with a 7-inch DeepView Display, Bluetooth connectivity, turn-by-turn navigation, AutoHold, Fall Safe, OTA updates and access to the Ather Grid fast-charging network.
Bookings are now open, with deliveries set to begin from August 2025. Ex-showroom prices for the new variant are INR 148,047 in Delhi, INR 148,258 in Mumbai, INR 145,999 in Bengaluru and INR 147,312 in Chennai.
The scooter is covered under Ather’s 'Eight70' warranty programme, which offers 8 years or 80,000 km of coverage, guaranteeing 70 percent battery health during the period.
Eicher Motors reports strong Q1 performance, Royal Enfield and VECV lead growth
- By MT Bureau
- July 31, 2025
Eicher Motors (EML) has reported its highest-ever Q1 revenue in FY2026, reaching INR 50.42 billion, up 14.8 percent YoY, from INR 43.93 billion last year.
The EBITDA grew by 3.2 percent to INR 12.03 billion, while Profit After Tax (PAT) stood at INR 12.05 billion, up 9.4 percent from INR 11.01 billion in Q1 FY2024-25.
During the quarter, Royal Enfield sold 261,326 motorcycles, which was 14.7 percent higher as compared to 227,736 units sold in the corresponding period last year.
VE Commercial Vehicles (VECV) posted INR 56.71 billion in revenue, up 11.9 percent from INR 50.70 billion, while EBITDA grew by 32.6 percent to INR 5.11 billion. The company sold 21,610 CVs in Q1, compared to 19,702 in the previous year. VECV’s revenue and EBITDA are not included in Eicher Motors’ consolidated financials, and its profit contribution is reflected as a single line in EML’s consolidated PAT.
B Govindarajan, MD, Eicher Motors, and CEO, Royal Enfiled, said, “At Eicher Motors, we’ve had a solid start to the year, with encouraging growth across both Royal Enfield and VECV. We continue to build consistent momentum in volumes, profitability and the strength of our overall portfolio. At Royal Enfield, we have sustained our growth momentum in the first quarter, anchored by our continued focus on product innovation, immersive riding experiences and a deeper expression of pure motorcycling. The refreshed Hunter 350 continues to be a key marker of growth for us, both in terms of volumes and community engagement. Moving ahead on our global ambition, we further strengthened our reach in the SAARC region and expanded our portfolio in Nepal with the locally assembled Classic 350. With a refreshed pipeline of motorcycles and a growing ecosystem of curated rides and culture-first experiences, we are shaping a vibrant and inclusive motorcycling movement. VECV, too, has delivered consistent growth, anchored in a strong product portfolio and a sharp understanding of India’s evolving commercial mobility needs. Our continued investment in sustainable, efficient transport solutions ensures we are well-positioned for the future. As we move forward, our commitment to long-term value creation remains strong – through customer-centric innovation, global ambition, and meaningful brand experiences at every level.”
Vinod Aggarwal, MD and CEO, VECV, and Vice Chairman, Eicher Motors, said, “CV delivered its best‑ever first quarter with 21,610 units in Q1 FY’26 (up 9.7 percent year‑on‑year) and broadened its footprint in a largely flat market. Overall market share improved to 18.7 percent (vs 17.3 percent last year), led by continued leadership in LMD trucks (34.5 percent share) and a strong showing in Buses, where Total Bus volumes grew 14.8 percent and market share rose to 21.5 percent. Exports grew by 20.5 percent over last year. Deliveries of all electric Eicher Pro X in SCV segment (2.0–3.5T) continue to gather momentum. Heavy‑Duty volumes were marginally lower reflecting a lower total market despite market share gains. Our connected vehicle solution “My Eicher” now connects 150,000 customers representing 350,000 vehicles. VECV reported strong revenue growth and expansion in profit margins linked to better volumes, pricing and cost discipline. PAT was lower as compared to previous year primarily due to one off impact in Q1 FY’25 linked to deferred tax reversal.”
VECV also reported improved market share in LMD trucks and buses, and growth in electric vehicle deliveries and exports.
TVS Ntorq 125 Super Soldier Edition Launched At INR 98,117
- By MT Bureau
- July 25, 2025
Chennai-based two-wheeler and three-wheeler major TVS Motor Company has launched the TVS Ntorq 125 Super Soldier Edition in the Marvel Avengers Super Squad series at INR 98,117 (ex-showroom Delhi).
The TVS Ntorq Super Soldier Edition builds on the company’s successful collaboration with Marvel, and features a striking camo-inspired theme.
The Bluetooth-connected Smart scooter (SmartXonnect) remains mechanically unchanged, featuring a 124.8cc, air-cooled engine that produces 9.5hp and 1.5Nm of power.
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