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    Bajaj Chetak Electric Online Bookings Resume – Service Center Opens

    In a welcome development for customers interested in buying Chetak electric scooter, Bajaj has resumed online bookings for the scooter. As may be recalled, the company was forced to suspend production of Chetak due to the lockdown imposed across the country on account of coronavirus pandemic. Subsequently, the company had to suspend bookings, as orders […] More

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    Mahindra’s GenZe electric two-wheeler brand to be discontinued

    Indian business giant Mahindra & Mahindra plans to discontinue its wholly-owned subsidiary, GenZe. Based in California, GenZe is an EV brand offering a range of e-bikes (bicycles) and e-scooters exclusively in the US market. The information came to light when Pawan Goenka, MD of Mahindra & Mahindra, was sharing the company’s financial results in the […] More

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    Royal Enfield reports 44% profit decrease due to COVID-19

    Eicher Motors Limited (EML), the parent company of Royal Enfield, registered a revenue of Rs 9,154 crore and a profit (after tax) of Rs 1,827 crore in FY2020. Compared to the scenario in FY2019, figures went down by 7 per cent and 17 per cent, respectively. In the last quarter of FY2020, EML’s revenue hit […] More