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      Royal Enfield Sales Breakup Jan 2022 – Classic, Meteor, Himalayan, 650 Twins

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      Modified RE 650cc. Image – Rebellious GarageRE Classic 350 led domestic sales charts while 650 Twins were in greater demand in export marketsRoyal Enfield January 2022 sales data shows that while domestic sales ended on a not so positive note, its exports increased significantly, boosted by launch of several new products including the Classic 350.Royal Enfield posted a 22.75 percent YoY de-growth in January 2022. Sales stood at 49,726 units in the past month, down from 64,372 units sold in January 2021. It was also a 23.73 percent MoM de-growth over 65,194 units sold in December 2021.Royal Enfield Sales Breakup Jan 2022 – Classic 350 tops listIt was the Classic 350 that stood at the top of sales lists last month despite a 34.49 percent YoY de-growth. Sales were at 26,775 units in January 2022 down from 40,872 units sold in January 2021. The Classic 350 commands a 53.85 percent share, marginally higher as compared to 53.26 percent held in December 2021 when sales stood at 34,723 units.At No. 2 was the RE Meteor 350. Sales growth was at 66.77 percent on a YoY basis to 8,460 units, from 5,073 units sold in January 2021 while MoM sales dipped 22.93 percent over 10,977 units sold in December 2021. The company is also testing a 650cc version of the Meteor. This upcoming Royal Enfield Super Meteor 650 is likely to be launched in India sometime later this year.Royal Enfield Sales Breakup Jan 2022Bullet 350cc sales dipped 36.44 percent YoY to 7,354 units, down from 11,570 units sold in January 2021 while MoM sales fell 8.77 percent from 8,061 units sold in December 2021. Electra (2,651 units) and 650 Twins (1,238 units) saw sales dip both in terms of YoY and MoM.RE Himalayan sales surged in domestic markets last month. What stood at 34 units in January 2021 increased to 3,248 units last month, relating to a 9452.94 percent increase. It was however a 29.56 percent MoM de-growth over 4,611 units sold in December 2021. The brochure of the RE Scram 411 has also been leaked ahead of launch which is slated to be a more road-oriented version of the Himalayan displaying better highway cruising features.RE Exports has 650 Twins at top of listIn export markets, Royal Enfield noted a 101.82 percent growth on a YoY basis and 6.55 percent MoM growth to 9,112 units. 650cc Twins have seen outstanding demand in global markets. Sales increased 209.67 percent YoY to 3,716 units from 1,200 units shipped in January 2021 while MoM increase was at 106.79 percent from 1,797 units sold in December 2021.Royal Enfield Exports Breakup Jan 2022The RE Meteor 350cc and Classic 350cc followed with 2,304 units and 2,042 units shipped respectively last month. This was a growth of 1152.17 percent and 84.46 percent respectively over 184 units and 1,107 units shipped in January 2021. MoM shipments also increased marginally by 1.23 percent and 2.98 percent respectively.Exports of the RE Himalayan increased 42.28 percent YoY to 1,050 units, up from 1,819 units sold in January 2021 but dipped 57.78 percent from 2,487 units sold in December 2021. The RE Electra, Classic 500 and Bullet 500 exports were down to 0 units in the past month. More

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      Bajaj Avenger Electric Hybrid Motorcycle – Modifying Kit Price Rs 28k

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      Bajaj Avenger Modified into an petrol electric hybrid motorcycleThe EV conversion kit used in Bajaj Avenger 220 has been sourced from GoGoA1 which is available for sale online at a price of Rs 27,760With the rise in demand for electric mobility in India, especially in the two-wheeler segment, the market has also seen a spike in the demand for EV conversion kits. While we recently saw a Maruti Dzire EV and a fully electric Hero Splendor retrofitted with an electric conversion kit, this time a Bajaj Avenger is seen running on a battery-powered source.Bajaj Avenger Modified Electric Motorcycle HybridUnlike the previous two models mentioned above, this EV kit allows the rider to choose between petrol power or battery power mode depending on circumstances. In essence, this is a pure petrol-electric hybrid kit that has the convenience to switch between pure IC engine and pure EV mode.A video of the process of converting this petrol-powered Avenger 220 Cruise has been uploaded on YouTube by Creative Etc. This EV conversion kit has been sourced from GoGoA1 which is available for sale online at a price of Rs 27,760. The kit comprises components like a 2000W, 17-inch Brushless Hub Motor, a Regenerative Controller, a Wrist Throttle, disc with catcher, mounting plate and a coupler.Modifications MadeDesign of the stock Avenger has been kept intact in this modified hybrid prototype for most parts barring a new 17-inch front wheel that houses a brushless hub electric motor. Along with this, it gets new mountings installed on the rear fender to carry the battery pack and a small switch on the right side of the handlebar that lets one turn on electric power.[embedded content][embedded content]Although the video says it’s a DIY (Do It Yourself) Project it will take more than a skilled mechanic to carry out all the complicated stuff to follow. For starters, to incorporate the new front wheel with a hub motor, front forks have been re-fabricated. Also, the front disc brake needs modification in order to collaborate with the new front wheel successfully.Next up, the battery pack needs to be encased within a small metallic box that has to be fabricated through cutting and welding. After this, the battery is installed on the mounts of the rear fender but in order to do that, the bike’s rear turn indicators have to be repositioned. Speaking of the battery, this conversion kit consists of a 72V, 35A Lithium-ion pack.The controller is installed by making some minor changes to the electrical system. Finally, a switch to engage and disengage the electric motor is added near the original switchgear. After the complete modification, the IC engine drives the rear wheel through the in-house transmission system, whereas the electric hub motor drives the front wheel.SpecificationsIn pure electric mode, Avenger 220 is able to touch a top speed of 60kmph which is decent enough whereas it claims to offer a range of 40-50 km on a full charge. The system also comes with a reverse mode. While this is a very attractive conversion kit, its legality still remains a question since nowhere has it been mentioned that it is an RTO-approved kit. More

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      TVS Sales, Exports Breakup Jan 2022 – Jupiter, Apache, Raider, Ntorq, XL100

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      New TVS Raider with aftermarket modifications. Image – Indian Throttle.TVS Motor Co registered de-growth both in terms of domestic sales and exports in the past monthTVS sales in domestic markets dipped 10.28 percent YoY while MoM sales were more positive. Exports on the other hand fell both on YoY and MoM basis. In domestic markets, sales dipped 18.28 percent YoY to 1,67,695 units in the past month, from 2,05,216 units sold in January 2021. MoM sales improved 14.26 percent over 1,46,763 units sold in December 2021.TVS Sales Breakup Jan 2022 – Jupiter, XL100 in leadIt was the TVS Jupiter that contributed most to sales, topping the charts at 43,476 units sold in January 2022, down 16.32 percent over 51,952 units sold in January 2021. MoM sales improved by 13.98 percent from 38,142 units sold in December 2021. TVS Jupiter currently commands a 25.93 percent share of total TVS domestic sales. It was the second best scooter sold in India last month, after Honda Activa.TVS XL 100 moped sales declined 39.35 percent YoY to 35,785 units, down from 59,007 units sold in January 2021. MoM sales improved by 7.16 percent from 33,395 units sold in December 2021.TVS also noted de-growth both in terms of the Apache and Ntorq in the past month, down 8.89 percent to 25,975 units and down 23.94 percent to 21,120 units respectively. These two bikes however, performed better on a MoM basis, up from 23,533 units and 16,859 units sold in December 2021.TVS Sales Breakup Jan 2022TVS Raider entered the list with 11,377 units sold in January 2022. This was a 4.92 percent increase over 10,843 units sold in December 2021. The 125cc commuter bike uses a 124.8cc, single-cylinder, air-cooled, engine offering 11.2 hp power at 7,500rpm and 11.2Nm peak torque at 6,000rpm mated to a five-speed gearbox.YoY sales de-growth was also reported for the TVS Radeon (8,640 units), Sport (6,478 units), Star City (4,964 units) and Pep+ (4,622 units) and Zest (3,453 units). However, each of these models, except for the Sport, posted a MoM growth. TVS iQube sales increased 624.64 percent YoY to 1,579 units from 211 units sold in January 2021 while MoM sales were higher by 26.16 percent from 1,212 units sold in December 2021. TVS RR310 trailed the sales list with 426 units sold last month from 412 units sold in January 2021 and 339 units sold in December 2021.TVS Exports January 2022Exports of TVS Motor Co dipped 3.12 percent YoY to 85,528 units, down from 88,284 units shipped in January 2021. It was a MoM de-growth of 0.44 percent over 85,904 units sold in December 2021.TVS Exports Breakup Jan 2022It was Star City that topped the list with 31,366 units up 18.42 percent YoY over 26,488 units sold in January 2021 while MoM exports fell 2.80 percent from 32,271 units sold in December 2021. Share in the company lineup currently stands at 36.67 percent down from 37.57 percent held in December 2021.At No. 2 was the Star City 125 with 28,049 units sold last month, down 6.72 percent over 30,070 units sold in January 2021. MoM exports increased 4.59 percent from 26,819 units shipped in December 2021.TVS Apache saw a de-growth of 37.43 percent YoY to 10,132 units from 16,192 units exported in January 2021 while MoM shipments increased 9.50 percent from 9,253 units sold in December 2021. Even as exports of Ntroq increased 33.98 percent YoY to 6,104 units, that of Sport (4,956 units),Victor (800 units) and Wego (158 units) along with the XL (144 units) and Jupiter (118 units) dipped YoY. Exports on a MoM basis saw de-growth for each of these models except for the Jupiter that increased 8.26 percent over 109 units shipped in December 2021.In view of the increased demand for electric vehicles in the country, the company will introduce a portfolio of electric vehicles both in domestic and international markets. TVS recently acquired a Switzerland based electric bike company called EGO Movement and Swiss E-Mobility Group (SEMG). More

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      New KTM 390 Enduro Adventure Motorcycle Spied Testing

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      2023 KTM 390 Enduro21-inch front wheel, off-road tyres, new swing-arm mean businessKTM’s 390 Duke platform has been a cash cow since its birth and the two wheeler giant is not done milking it yet. In its second generation, the modular platform spawned an adventure tourer in addition to also underpinning Husqvarna products. Recent spy shots from Europe strongly indicate that the Austrian brand is working on a hard-core 390 off roader.KTM 390 Enduro – What’s new?Likely to be called KTM 390 Enduro, the new derivative appears to be in the early stages of development as evident by the maturity level of the prototype. The bodywork and equipment are tentative but they give a fairly decent idea on where KTM is going with this model. Having given shape to street fighter, supersports and adventure versions, a hard-core off-roader would nicely round off things.A close look reveals that the KTM 390 Enduro retains the trademark trellis frame. The rear sub-frame too has a familiar air to it but a new swing arm, 21-inch front spoke wheel, off-road tyres and sturdy belly highlight the motorcycle’s serious off-road intent.The shield for the inverted front forks further adds to the Enduro character. Both front and rear wheels are retarded by a disc each (mostly likely supported by switchable dual-channel ABS) We expect the prototype to evolve significantly as it inches closer to production ready state.KTM 390 EnduroThe signature Duke LED headlamp will be a part of the final design but with a sorted out mounting and fairing panels. The TFT colour instrument console is also likely to be on board.To be made in India?Bajaj Auto’s Chakan plant has been the home base of KTM’s compact and medium displacement family of products including the 390 series. We don’t see why this winning approach would change as far the new model is concerned.While Europe and USA are expected to be the primary markets for the KTM 390 Enduro, we think it could be an interesting proposition for India as well. We don’t have a purpose-built hard-core off-roader in the medium displacement category at the moment and a well-priced offering carrying the KTM badge would evoke a lot of excitement among the Indian enthusiasts.KTM 390 EnduroKTM 390 Enduro Launch When?As we mentioned, the KTM 390 Enduro still has a long way to go before it can hit the road. However, given that it is a derivative of a well-established platform, we expect the turnaround time to be relatively shorter. We reckon it will be ready by late 2023 or early 2024.Given the kind of beefing up required to endure serious off-roading, the upcoming model is likely to be the most expensive member of the 390 family. And, KTM may not just stop with one displacement option! A 250 could also be on the cards but let’s not speculate too much too early.Source More

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      Yamaha India Sales Jan 2022 – FZ, R15, Fascino, RayZR, MT15

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      2022 Yamaha MT15 Facelift to get Bluetooth / updatesYamaha India domestic sales decline in January 2022; exports improveYamaha Motor India reported domestic sales at 36,146 units in January 2022. Sales fell from 55,151 units. Volume loss stood at 19k units at a sales decline of over a third. Yamaha India sales declined 35% YoY in Jan 2022 while they were down 20% MoM.Yamaha India Sales Breakup Jan 2022Of total domestic sales, over 44 percent of sales come from the FZ series. Yamaha FZ sales were reported at 15,734 units, down from 21,496 units at volume loss of 5,762 units. Sales decline stood at 26.80 percent. At No 2 in the list was the Yamaha RayZR. YoY RayZR sales stood at about 7k units, down from 10.5k units. Volume loss stood at almost 3.5k units at a decline of about a third.Yamaha India Sales Jan 2022Fascino sales fell to 6,221 units, down from 8,416 units. Sales decline stood at over a quarter at volume loss of 2.2k units. R15 sales fell to 6,146 units, down from 8,408 units. Volume loss stood at 2,262 units at a decline of over a quarter.FZ25 sales were at just below a thousand units. Sales was up from 159 units. The limited edition Yamaha Aerox 155 MotoGP, which was launched recently is now sold out in India. MT15 sales were down to 17 units from 6,168 units. Low sales of MT15 most likely indicate the incoming of the MY 2022 MT15.Yamaha India Sales, Exports Jan 2022 vs Jan 2021 (YoY)Yamaha India Exports Breakup Jan 2022Exports last month stood at about 20k units, up from 15,422 units. Sales growth stood at about 29.40 percent at volume gain of 4.5k units. FZ is the largest contributor in the exports market too at 10,370 units. Exports were up from 5,676 units at 82.70 percent growth. Volume growth stood at 4.7k units.RayZR exports are at just over 2.5k units. Currently, the export market offers a much wider product lineup than in the domestic market. YoY total sales in January 2022 was down to 56,102 units, down from 70,573 units. Volume loss stood at 14,471 units at 20.51 percent decline. MoM total sales fell from 65,486 units at 14.33 percent decline.Yamaha India MoM Sales Jan 2022MoM domestic sales fell from 44,736 units. Volume loss stood at 8,590 units at 19.20 percent decline. Despite a decline, improvement was seen in RayZR and FZ25 sales. RayZR sales were up from 5,781 units at an increase of 21.61 percent. MoM exports were more or less flat at 3.83 percent decline. Volume loss stood at about 800 units, down from 20,750 units.Yamaha India Sales, Exports Jan 2022 vs Dec 2021 (MoM)In the domestic market, Suzuki and Yamaha compete closely as far as business volumes are concerned. And while Suzuki was at one time selling a much lower number of two-wheelers here, in recent times, these numbers are much closer. Suzuki’s scooters have helped the manufacturer take competition one notch higher here. More

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      Bajaj Pulsar Sales Breakup Jan 2022 – 125, 150, 160, 180, 200, 250

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      Bajaj Pulsar 220F ModifiedYoY Bajaj Pulsar domestic sales, and exports decline in January 2022 – Pulsar range continues to feature in top 10 listYoY Pulsar domestic sales dwindled to 66,839 units in January 2022. Sales fell from 98,580 units, at 31.50 percent sales decline. Volume loss stood at 30,741 units.Bajaj Pulsar Sales, Exports Jan 2022 – YoYOf this, Pulsar 125 sales are atop at 44,181 units. Sales fell from 47,080 units to a 6.16 percent decline. Volume loss stood at 2.9k units. Pulsar 125 sales accounted for about two-thirds of domestic sales. Pulsar 150 sales fell staggeringly at 65.38 percent decline. Sales fell to 11,239 units, down from 32,460 units. Volume loss surpassed 21k units.Pulsar 220F/250 segment reported sales at just over 6k units, down from 6.3k units. Volume loss stood at 300 units at 4.72 percent decline. Pulsar 160/180/200 sales less than halved at 5,407 units, down from 11,730 units. Volume loss stood at 6,323 units at 53.90 percent decline.Exports for the month fell by 12 percent. Exports were down to 31,410 units, down from 35,724 units. Volume loss stood at 4.3k units. The largest chunk of exports is made up by the 160/180/200 segment at 13,684 units. Sales decline is reported at almost a quarter, down from 18k units. Volume loss stood at 4,372 units.Bajaj Pulsar Sales and Exports Jan 2022 vs Jan 2021 (YoY)Pulsar 150 exports dropped to 8,874 units, down from 12,674 units. Volume loss stood at 3.8k units, and sales decline at 30 percent. 125 exports were up at 4,628 units, up from 3,458 units at volume gain of 1,170 units. Growth stood at a third. 220F/250 segment sales were up at 4,224 units, up from 1,536 units. Volume gain stood at 2,688 units.Bajaj Pulsar Sales, Exports Jan 2022 – MoMMoM Pulsar sales in the domestic market grew by 12.86 percent, up from 59,225 units. Volume gain stood at 7,614 units. Pulsar 125 sales rose from just below 28k units at 58.35 percent growth. Volume gain stood at 16,281 units.Pulsar 150 sales fell by just below 60 percent, down from 27,169 units. Volume loss stood at a little below 16k units. 220F/250 segment sales were up from 2,621 units at volume gain of 3.4k units. 160/180/200 sales were up from 1.5k units at volume gain of 3,872 units.Bajaj Pulsar Sales and Exports Jan 2022 vs Dec 2021 (MoM)MoM exports for the Pulsar 160/180/200 cc segment were more or less flat. Pulsar 150 exports were up from 6,432 units at volume gain of 2,442 units. Pulsar 125 exports were up from 3.9k units at volume gain of 725 units. Pulsar 220F/250 exports rose from 4k units at just below 6 percent growth.Bajaj Pulsar Total – Jan 2022YoY total sales last month fell to just below 1 lakh units, down from 1,33,304 units. Volume loss stood at 35k units at 26.30 percent sales decline. Pulsar 125 sales fell from 50,538 units to a volume loss of 1,729 units at a 3.42 percent decline. 150 sales less than halved, down to 20,113 units from 45,134 units.Bajaj Pulsar Sales + Exports Total Jan 2022Pulsar 160/180/200 sales were down to 19k units, down from 29,786 units. Volume loss stood at 10,695 units. Sales decline is reported at 35.91 percent. 220F/250 sales were in the green at 30.46 percent growth. Sales is up at 10,236 units, up from 7,846 units. Volume gain stood at 2.4k units.MoM total sales for Pulsar 125 grew from 31,803 units. Volume gain stood at 17k units at 53.47 percent growth. Pulsar 150 sales decline stood at 40 percent, down from 33,601 units. Volume loss stood at 13.5k units. 160/180/200 segment MoM total sales is reported at 27.60 percent growth, up from 14,962 units. Volume gain stood at 4,129 units.Pulsar 220F/250 segment sales growth is reported at 54.79 percent, up from 6,613 units. Volume gain stood at 3,623 units. Total sales growth was at just below 13 percent. Volume gain stood at 11,270 units, up from 86,979 units. More

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      Royal Enfield Classic 650cc Spied – LED Headlight, Dual Tone Alloys

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      Royal Enfield Classic 650cc Spied – Alloys, LED HeadlightRoyal Enfield will be launching multiple derivates of the 650cc platform in the coming few months which includes a cruiser, a roadster and a bobberRoyal Enfield has various new upcoming projects on its plate and most of them are undergoing the testing phase. By now, we have clearly established that the iconic brand is developing multiple derivatives of a 650cc Twin with a low-slung cruiser stance. To be precise, the Chennai-based bikemaker is planning to launch 3 bikes in this space.The first one in this range is a cruiser which could be named Super Meteor 650 since the ‘Meteor’ branding is used by Royal Enfield for its cruiser offering in the 350cc category. The second one is a single-seat bobber tentatively titled Shotgun 650 which could be based on the SG650 Concept.The latter made its maiden appearance at the last edition of EICMA in Milan, Italy. The last derivative of the 650cc model appears to be a modern classic roadster which could be a more premium and powerful equivalent of Classic 350. Probably, this version will be named Classic 650. Judging by all the recent spy shots, all three motorcycles have very similar styling.Royal Enfield Classic 650cc – Design &amp, ErgonomicsLike most Royal Enfield models, all upcoming 650cc motorcycles flaunt a retro design template commonly associated with the brand. This involves common highlights such as a round headlight and taillight, a teardrop-shaped fuel tank, broad front and rear fenders, dual exhaust pipes and mufflers, and a low-slung cruiser-like stance. However, all three bikes are expected to offer different riding experiences.Royal Enfield Classic 650cc SpiedFor instance, in the latest set of spy shots, the footpegs are centre-set and the handlebar is set slightly lower which gives it a slightly committed yet comfortable riding posture. The cruiser offering in this space gets forward-set footpegs with taller handlebars which provide relaxed riding ergonomics.Further, the shape of exhaust canisters in the latest spy pics resembles the one used in Classic 350. It is seen with dual tone alloys, LED headlights and tail lamps. Instrument cluster is similar to new Royal Enfield motorcycles with digital / analogue console along with Tripper Navigation.Hardware & Powertrain SetupThat said, all three motorcycles will be based on the same platform which currently underpins the 650 Twins- Interceptor and Continental GT. The latest test prototype was seen rolling on alloy wheels whereas other iterations of the RE 650 were seen riding on wire-spoked wheels.Royal Enfield Classic 650cc SpiedSuspension duties will be handled by upside-down or upright forks (depending on the variant) at front and twin shock absorbers at rear. Powering Classic 650 will be a familiar 648cc parallel-twin, air/oil-cooled engine which propels the current 650 Twins. This motor kicks out 47 bhp and 52 Nm of peak torque while being paired with a 6-speed gearbox via a slipper and assist clutch.However, tuning and power delivery of the engine could be different in all models. More clarity on the upcoming 650cc models is expected in the coming few months. More

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      Bajaj Chetak Electric Scooter Launched In 20 Cities – 11 States

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      Bajaj Chetak Electric ScooterChetak has quite a few USPs including steel body, IP67 water resistance, soft-touch switches and solid gear driveAfter roughly two decades when Bajaj had made the shift from scooters to focus exclusively on motorcycles, the company re-entered the scooter segment with Chetak in 2020. At the time of its launch, Chetak electric scooter was offered only in Pune and Bengaluru. Since then, the company has continuously expanded Chetak’s presence in new states and cities.Bajaj Chetak Electric Scooter – 20 cities coveredAs of now, Chetak is available across 11 states. These include Delhi, Maharashtra, Karnataka, Andhra Pradesh, Goa, Daman & Diu, Gujarat, Kerala, Tamil Nadu, Telangana and West Bengal. Chetak is available in 20 cities. It includes Visakhapatnam, Mapusa, Surat, Bangalore, Mangalore, Mysore, Hubli, Cochin, Kozhikode, Mumbai, Pune, Nasik, Nagpur, Aurangabad, Chennai, Madurai, Coimbatore, Hyderabad and Kolkata.Now that the pandemic situation has started to ease, Bajaj will be working on Chetak’s expansion plans in a more aggressive manner. According to Rakesh Sharma, executive director at Bajaj Auto, there are plans to double Chetak’s network over the next few weeks. It seems doable since Bajaj is primarily utilizing its existing KTM dealerships for Chetak. Some cities do have exclusive experience centres for Chetak.Established manufacturers like Bajaj have ready resources to make new products available across India at short notice. TVS also has this advantage, which it has been utilizing for its iQube electric scooter. TVS is also working proactively to make iQube available in more cities across the country.Sales Last 12 MonthsChetakiQubeFeb-21150203Mar-2190355Apr-21508307May-21310Jun-21452639Jul-21730540Aug-21364649Sep-21642766Oct-21835395Nov-21511699Dec-217281,212Jan-221,2681,529Avg Per Month526608Total6,3097,294In comparison, newer companies have to take care of both production and expanding the dealer network. Everything has to be done from scratch essentially. In electric two-wheeler space, startups like Ather Energy, Okinawa, Ampere, Revolt, etc. have had to face such challenges.Some startups like Ola Electric have taken a completely different approach, wherein the entire sales and after-sales process is managed online. Ola does not operate any dealerships, which can have significant advantages in terms of cost cutting and operations management. However, it remains to be seen if this radical approach to sales and distribution will continue to be beneficial with a larger customer base.Startups leadEven though established players like Bajaj and TVS have ready resources in terms of sales and distribution, it is startups that are leading in electric two-wheeler space. EVs from companies like Hero Electric, Okinawa, Ather, Ampere are currently ahead of Chetak and iQube in terms of sales. Several other startups including Ola Electric and Simple Energy will be fighting for the top slots in this space in coming months.While Chetak is a well-equipped scooter, its high pricing makes it inaccessible to a significant percentage of EV buyers. With no indications of a price revision, it appears that Bajaj will continue to position Chetak as a premium lifestyle EV product. Playing the numbers game with Chetak may not be the company’s priority right now. It is possible that an entirely new, affordably priced mass market product could be launched in future. More