Author: Diana M. Cuyler

owner of Dun-Rite expands with new motorcycle business | New

Motorcycle Business

Tim Walsh opened Porky’s Cycles in Logansport because of his experience trying to get the job done and because he saw a need.

“I own bikes, and it’s too expensive for the big guys,†Walsh said.

Then there is the distance to get to a repair shop specifically for motorcycles.

“There is no other store,†Walsh said. “Peru and Kokomo are pretty much the closest. “

Porky’s officially opened on May 17th.

Its philosophy to open a motorcycle repair and customization workshop where there has not been one is simple.

“You never know what you can achieve unless you go for it,†Walsh said.

The store starts with repairs and upgrades and ends up buying and selling motorcycles.

Porky’s won’t do any bodywork or repaint, but their custom work includes the handlebars, pipes, decals, and exhaust tuning.

“Pretty much anything the customer wants we can do,†Walsh said. “If they want a helicopter, we’ll build one for them. “

Walsh is not new to vehicle work in the Logansport area.

He owned Dun-Rite Auto Repair at 316 W. Market St. for seven years.

He also hired Clerance “Frost ‘Neal†from a dealership to be the shop manager and mechanic.

Neal said he has extensive expertise and training in working on motorcycles.

“There aren’t a lot of people who can work on standard Harley bikes and metric bikes,†Neal said.

Walsh said the most common bikes in the area are Harleys (imperial system measurements) and Hondas (metric system measurements).

In addition to being a repair shop in a small town, Porky’s could achieve some national recognition by next spring.

“We will be building a bike for Daytona next year,†Walsh said.

The Daytona Bike Week will take place from March 4 to 13 in 2022.

Walsh said that unlike some motorcycle gatherings like Sturgis, Daytona is more about showing off custom machines.

Porky’s is currently open Monday through Friday, 9 a.m. to 5 p.m.

Walsh said they are still working to open it every other weekend.

“We’re just a small, urban business trying to save customers money and have fun doing it,†he said.

tvs-launches-norton-in-india-1019x530

TVS Motors to launch the Norton Retro-Motorcycle brand in India: challenger Royal Enfield

Motorcycle Brand

TVS Motor Company acquired Norton Motorcycles for Rs. 153 crore in an all-cash transaction. It happened last year. TVS acquired certain assets of Norton through one of its overseas subsidiaries. According to ET Auto, TVS could launch Norton Motorcycles in India. However, as of yet, there is no specific timeline on when Norton will enter the Indian market. The report also states that Norton has already registered for four motorcycles which are Norton Fastback, Norton Commando, Norton Manx and Norton Atlas.

Other Indian motorcycle brands are also partnering with bigger brands. For example, Hero MotoCorp will help Harley Davidson grow its services, parts and accessories business. Bajaj Auto has also registered a trademark for the name Excelsior-Henderson. This happened in December 2020. The mark was registered for motorcycle parts and clothing. So far there is no update on this situation.

TVS Motor Company is also helping Tamil Nadu in the fight against the coronavirus. The Indian motorcycle manufacturer has donated 500 oxygen concentrators to the government of Tamil Nadu. They will donate 1,100 additional oxygen concentrators over the next few weeks.

tvs-donates-oxygen-concentrators

Also Read: Render: TVS Apache RR 310 Based Adventure Bike For India Also Read: Royal Enfield Classic 650: What It Will Look Like

The RR310 is priced at Rs. 2.49 lakhs ex-showroom. It is powered by a 312.2cc liquid-cooled single-cylinder engine jointly developed by BMW. The engine produces 34 hp of maximum power and 27.3 Nm of maximum torque. It is mated to a 6-speed gearbox with a slip clutch.

The motor comes with two pre-installed maps that you can choose from by changing the drive mode. There are Rain, Urban, Sport and Track. In Rain and Urban the power and torque are limited to 28.5 PS and 25 Nm. While in Sport and Track you can use all 34 PS and 27.3 Nm. This is possible because the RR310 is delivered with a wired accelerator.

2019-tvs-apache-rr-310

Riding modes can be changed with switch gears mounted on the left-hand switchgear which actuates the full-color TFT display. It is one of the most functional TFT displays available in the segment. It shows you information about your vehicle’s health, post-trip scans, vehicle condition, shift indicator, tachometer and much more. It can also take and reject calls as it comes with bluetooth. It can also show you step by step navigation so that you don’t have to mount your cell phone on the handlebars. TVS also offers Glide Through Technology PLUS (GTTP) which prevents the motorcycle from stalling and allows you to ride at very low speeds.

On the equipment side, TVS offers inverted front forks and a rear monoshock which has been tuned by KYB. It also works with Michelin Road 5W tires which is a huge improvement over the BS4 model.

Source

atlas-nomad-e1607194575452-2

British motorcycle brand Norton, owned by TVS, to launch in India – Report

Motorcycle Brand

Norton holds the trademark of four motorcycle names in India, and the brand is expected to debut here in the near future.

In April last year, TVS Motor Company acquired British motorcycle manufacturer Norton. Now, according to a recent media report, TVS may be planning to launch the British brand in India. There is no specific timeline as to when Norton will debut in our market, but it should happen in the near future.

Norton currently holds the brand of four names in India: Norton Commando, Norton Altas, Norton Manx and Norton Fastback. The manufacturer specializes in mid- to large-capacity retro-themed motorcycles, ranging from 600cc to 1200cc. This makes it a natural competitor to Royal Enfield, which is currently planning to expand its range into the 350cc to 650cc range in the Indian market.

TVS is not the only Indian two-wheeler manufacturer with plans to capture the premium motorcycle market in India. Hero MotoCorp has partnered with Harley-Davidson and will manage all of its operations in India. Even Bajaj seems to have plans in that direction, and he had even registered a trademark for Excelsior-Henderson, a former US-based motorcycle brand, last year in India.

norton-motorcycles-commando-dominator-29-740x492-1

With Norton, TVS may be able to enter the high-end motorcycle market in India. However, Royal Enfield currently dominates this space, and TVS would have to work extremely hard to be able to break RE’s grip on the segment. It would be interesting to see what TVS has in store for us.

Currently, the largest motorcycle in the TVS lineup is the Apache RR 310, which was co-developed with BMW and shares its platform with the BMW G310 R and G310 GS. It is powered by a 312.2cc single-cylinder, liquid-cooled reverse-tilt engine. This engine is capable of generating a peak power of 34 hp and a maximum torque of 27.3 Nm, and is mated to a 6-speed sequential gearbox.

Speculation has it that TVS may also introduce an adventure motorcycle based on the same engine and platform as the Apache RR 310, but there has been no official word on that. If true, this next TVS Adventure Motorcycle would undercut the BMW G310 GS and KTM Adventure 390, and thus become a value-for-money product.

Harley-Davidson launches LiveWire, the brand of electric motorcycles (www.livewire.com)

Harley-Davidson launches LiveWire, the brand of electric motorcycles (www.livewire.com)

Motorcycle Brand

MILWAUKEE, May 10, 2021 / PRNewswire / – Harley-Davidson, Inc. (“Harley-Davidsonâ€) (NYSE: HOG) today announced the launch of LiveWire as a brand of fully electric motorcycles.

(PRNewsfoto / Harley-Davidson Motor Company)

LiveWire is more than a motorcycle. LiveWire plans to redefine the electric, delivering the best experience for the urban cyclist, with personality and soul. LiveWire creates a unique connection between the driver and the vehicle. Today the next chapter of the LiveWire adventure begins.

Jochen zeitz, President, President and CEO of Harley-Davidson:
“One of the six pillars of the Hardwire strategy is to be an electric leader – by launching LiveWire as an all-electric brand, we seize the opportunity to lead and define the electric vehicle market. With the mission to be the most desirable electric motorcycle brand in the world, LiveWire will pioneer the future of motorcycling, for the pursuit of urban adventure and beyond. LiveWire also plans to innovate and develop technology which will be applicable to Harley-Davidson electric motorcycles in the future.

The first LiveWire branded motorcycle is expected to launch on July 8, 2021 and for the first time at the International Motorcycle Show on July 9, 2021. For more information and updates, subscribe to livewire.com.

Single line: LiveWire draws on its nimble Harley-Davidson lineage disruptor DNA, capitalizing on a decade of learning in the electric vehicle industry and the legacy of the world’s most desirable motorcycle brand.

Motorcycles + beyond: initially focusing on the urban market, LiveWire will pioneer the electric motorcycle space, and beyond.

Virtual HQ: Innovative by design and attracting the best talent in the industry, LiveWire will have its virtual headquarters, with initial hubs in Silicon Valley, California (LiveWire Labs) and Milwaukee, WI.

Marlet : Upon launch, LiveWire will work with participating dealers in the Harley-Davidson network as an independent brand. An innovative go-to-market model will combine digital and physical retail formats, tailoring the experience to the local market and allowing customers to experience LiveWire on their own terms.

Dedicated showroom: seizing the opportunity to lead electric vehicles and innovate throughout the customer journey, LiveWire will operate dedicated electric vehicle showrooms in selected locations, from California. Here, customers will be able to experience the LiveWire brand in an immersive and innovative way.

Technological orientation: With a focus on electric vehicles, LiveWire plans to develop the technology of the future and invest in the capabilities needed to lead the motorcycle transformation. LiveWire expects to benefit from Harley-Davidson’s engineering expertise, manufacturing footprint, supply chain infrastructure and global logistics capabilities.

Technology sharing: Harley-Davidson and LiveWire intend to cooperate and share their technological advancements to ensure leading-edge application in their respective base segments.

About Harley-Davidson:
Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. Our vision: Build our legend and lead our industry through innovation, evolution and emotion. Our mission: More than building machines, we stand for the timeless pursuit of adventure. Freedom for the soul. Since 1903, Harley-Davidson has defined motorcycle culture with a growing line of cutting-edge, distinctive and customizable motorcycles, in addition to exceptional riding experiences and motorcycle accessories, gear and apparel. Harley-Davidson Financial Services offers financing, insurance and other programs to help Harley-Davidson riders get on the road. Learn more about www.harley-davidson.com.

Caution Regarding Forward-Looking Statements
 The Company understands that certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbor of liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such. by reference to this footnote or because the context of the statement will include words such as the company “believes”, “anticipates”, “expects”, “plans”, “could”, “will â€,“ Esteem â€or words with similar meanings. Likewise, statements that describe or refer to future expectations, future plans, strategies, objectives, prospects, targets, directions, commitments or objectives are also forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties which could cause actual results to differ materially, adversely or favorably from those anticipated at the date of this press release. Risks and uncertainties that could cause actual results to differ materially from these statements include, among others, the COVID-19 pandemic, including the duration and severity of the pandemic across the world and the pace of the recovery after the pandemic and the company’s ability to meet expectations regarding market demand for electric models, which will depend in part on building the necessary infrastructure, as well as issues noted by the company in its filings with of the SEC, including, but not limited to those described under “1A. Risk Factors â€in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on February 23, 2021 and in Part II, Item 1A of quarterly reports subsequently filed on Form 10-Q. Shareholders, potential investors and other readers are urged to take these factors into account in evaluating forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this press release are made only as of the date of this press release, and the company disclaims any obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

### (HOG-F)

Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/harley-davidson-launches-livewire-the-electric-motorcycle-brand-wwwlivewirecom-301287631.html

SOURCE Harley-Davidson, Inc.

Harley-Davidson transforms LiveWire into a standalone brand of electric motorcycles – TechCrunch

Motorcycle Brand

LiveWire, Harley-Davidson’s electric motorcycle, is emerging as a stand-alone brand with a new logo and brand identity.

Harley-Davidson first unveiled the LiveWire electric motorcycle in 2018 with a listing price of $ 29,799, which puts it in the high end for motorcycles. It went into production the following year, with a few dents, including a brief stoppage in production due to a load-related issue on one of the motorcycles. The “First LiveWire Brand Motorcycle†will launch on July 8. Its public debut will take place a day later at the International Motorcycle Show, Harley-Davidson announced on Monday.

Dealers have struggled to sell the bike to younger and newer bikers, Reuters reported in 2019. Part of the problem was the price, which is in the same category as a Tesla Model S, dealers told the newswire at the time. Given that Harley-Davidson’s hard core is still made up of baby boomers, who are starting to age out of products, the question is whether a new spin-out and rebranding can attract younger riders (and well-off).

The two companies will share technological advancements and LiveWire “will benefit from Harley-Davidson’s engineering expertise, manufacturing footprint, supply chain infrastructure and global logistics capabilities,” said Harley-Davidson. Davidson Monday.

LiveWire will have dedicated showrooms, starting with California, and a “virtual†headquarters with hubs in Silicon Valley and Milwaukee.

Harley-Davidson is one of the nation’s most recognized motorcycle manufacturers, but sales have struggled in recent years. The company’s annual revenue fell nearly 24% in 2020 from the previous year, although this is likely due in part to the economic effects of the coronavirus pandemic. The company also cut 700 jobs from its global operations last summer, as part of a restructuring plan known as “The Rewire”.

More recently, the company launched a five-year strategic plan called “The Hardwireâ€. The plan calls for investing more in the electricity market. The company has already started to move in this direction with the release last November of its Serial 1 Cycle electric bikes. Its Rush / Cty Speed ​​model can reach speeds of up to 28 mph and costs $ 5,000.

Harley-Davidson makes LiveWire its own brand of electric motorcycles

Motorcycle Brand

LiveWire, Harley-Davidson’s first electric motorcycle, will now become its own stand-alone brand. The Milwaukee-based company has announced that it will transform its electric motorcycle division into its own company with a distinct lineup and tailor-made retail experience. Harley-Davidson plans to unveil the “First LiveWire Brand Motorcycle†on July 8 to coincide with the International Motorcycle Show.

It’s a similar move to how Harley-Davidson approached its new e-bike company, Serial 1. The idea is for LiveWire to continue to benefit from its relationship with its parent company while forging its own distinct brand identity. from Harley-Davidson.

Harley-Davidson wants to leave its electrified models on their own terms

It’s a change from how the company has approached its current LiveWire model, in which the Harley-Davidson logo is on the front and center, while the LiveWire branding is virtually non-existent. And that’s a sign that in the future, Harley-Davidson wants to leave its electrified models on their own terms.

“With the mission to be the world’s most desirable electric motorcycle brand, LiveWire will pioneer the future of motorcycling, for the pursuit of urban adventure and beyond,” said Jochen Zeitz, President – Managing Director of Harley-Davidson. A declaration. “LiveWire also plans to innovate and develop technology that will be applicable to Harley-Davidson electric motorcycles in the future.”

There is a new logo and a new “virtual†headquarters, with engineering teams stationed in Silicon Valley and Milwaukee. LiveWire will work with Harley-Davidson dealers as an independent brand, with a mix of digital and physical retail formats.

When asked if this would include online orders, a Harley-Davidson spokesperson responded with a cautiously drafted statement. “It depends on what state you live in,†the spokesperson said. “LiveWire creates a buying journey that allows us to meet the expectations of a first digital shopping experience, supported by a network of engaged resellers who allow customers to choose their journey and engagement model. “

The question is whether this branding strategy will lead to better sales for Harley-Davidson’s electric models. Last year, Reuters reported that the company’s plan to attract a younger generation of motorcyclists with LiveWire was in trouble, with most pre-orders coming from older or pre-existing customers. Harley-Davidson’s overall sales have stagnated of late after hitting a low point in 2018.

The problem could be that the price, which starts at $ 29,799, isn’t much cheaper than a Tesla Model 3. Dealers have said Reuters that many younger customers were put off by the price.

Harley-Davidson also faces stiff competition from rivals like Zero Motorcycles, which recently partnered with powersports maker Polaris on a new line of electric ATVs and snowmobiles. And as the larger world of transportation goes electric, the company will come under increasing pressure from its shareholders to prove that its vision for the future can pay off.

royal-enfield-650cc-cruiser

Royal Enfield file for the motorcycle brand “Shotgun”

Motorcycle Brand

ROYAL ENFIELD recently registered the trademark “Royal Enfield Shotgun”, it looks like a new bike could be on the way!

>Have you ever wondered what MotoGP technology applies to road bikes, well, click here and you’ll see

Or the oldest motorcycle brand in continuous production plans to go back to its roots and release a real shotgun – unlikely.

This was reported by BikeWale among others, who have found the application of the word mark “Royal Enfield Shotgun”, which can be used in: “motorcycles, motorized scooters, scooters, electric motorcycles” as well as many other possible uses.

What will become of the Royal Enfield Shotgun?

Could this Shotgun name be slated for use with the recently spotted cruiser, which has yet to be officially announced? More so, would a new cruiser be part of a revamped approach to the 650 twins, similar to the Continental GT and the Interceptor 650, with two models sharing the same engine but with slightly different approaches?

>Have you ever wondered what MotoGP technology applies to road bikes, well, click here and you’ll see

Aside from the ‘Out of This World’ Meteor 350, the gun theme continues from their UK ‘Bullet 500’ model, so a 650cc cruiser named the Royal Enfield Shotgun 650 makes perfect sense.

It has also been reported that the now Indian-owned brand has also registered various other names in recent months including Roadster, Hunter, Sherpa, Flying Flea – while some can simply be bookmarked for potential use, d ‘others can be set to come out fairly quickly.

I really feel like I say this every time a Royal Enfield story pops up, but if the Sherpa ends up being a Himalayan with a 650cc twin engine, I’ll be a very happy man.

We will keep you posted on this developing story, until then keep your rooms loaded. Keep it Visordown.

soft-robotics-market-4

Soft Robotics Market Size, Share, Trends, Growth, Price, Analysis, Access, Outlook, Report, Forecast 2022-2027

Motorcycle Brand

The global soft robotics market will be driven by the increase in medical and surgical applications during the forecast period 2022-2027.

30 NORTH GOULD STREET, WYOMING, USA, September 19, 2022 /EINPresswire.com/ — Expert Market Research’s new report titled “Global Soft robotics market size Share, Price, Trends, Report and Forecast 2021-2026′, gives an in-depth analysis of the global soft robotics market. It assesses the market based on its segments such as application and major regional markets of North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.

Get a Free Sample Report with Table of [email protected] https://www.expertmarketresearch.com/reports/soft-robotics-market/requestsample

Soft Robotics Market Share, Size, Industry Report, Key Player, Major Segments and Forecast

Key highlights of the report include:

Market Overview (2017-2027)

• Historical market size (2020): 1,051.1 million USD• Forecast CAGR (2022-2027): 34.9%

• Forecasted market size (2027): 6,334.1 million USD

The soft robotics market has witnessed substantial growth due to multiple factors. These include the growing new possibilities offered by these robots compared to inflexible robotic technology, as well as the need to build human-friendly machines. Soft robots, unlike conventional and rigid metal robots, are adaptable in nature, presenting attractive future growth opportunities for the market. They can perform biological functions similar to human muscles since they are made of flexible and soft materials, including nanomaterials. This characteristic of soft robots is expected to facilitate their use in a variety of applications, such as medicine, industry, and locomotives, thereby augmenting the market growth.

Advances in soft robotics technology are expected to result in robots capable of lifting large objects, repairing themselves, and climbing to great heights. These features, when combined with human flexibility, are expected to propel the market expansion even further, due to their growing application in construction and related activities.

Malleable materials give soft robots their flexibility, allowing robots to bend and turn with high curvatures, allowing them to maneuver in tight places. This makes them useful in disaster scenarios such as earthquakes or fires, thereby aiding the growth of the soft robotics market by propelling its acceptance during emergency situations. The increased application of soft robots in sensitive environmental settings such as coral reefs or snowy lands is expected to fuel the expansion of the soft robotics market.

Soft robotics industry definition and major segments

Soft robots are made of flexible materials such as polymers, gels, and fluids, and are a sub-discipline of robotics. They have a high degree of elasticity, which allows them to adapt to their environment and change shape if necessary. Soft robots are sophisticated models that, in addition to their mechanical tasks, reflect the life of humans, animals and plants. They are a type of biomimicry.

Read the full report with table of [email protected] https://www.expertmarketresearch.com/reports/soft-robotics-market

On the basis of application, the industry is divided into:

• Human-machine interface and interaction• Locomotion and exploration• Handling• Medical and surgical applications

• Rehabilitation and portable robots

Regional markets for soft robotics include:

• North America• Europe• Asia Pacific• Latin America

• Middle East and Africa

Soft robotics market trends

In the coming years, the market is expected to rise owing to the growing demand for soft robots in medical and surgical applications. The need for gadgets that minimize human involvement has increased significantly following the COVID-19 pandemic, and this is expected to further catalyze the growth of the soft robotics industry. The market is expected to grow owing to the growing need for minimally invasive procedures (MIS). Research efforts in the health sector could lead to new manufacturing techniques. This can enable the development of disposable, patient-specific, inexpensive, and rapidly created MIS devices, which translates into lucrative growth opportunities for the soft robotics industry.

The ability of soft robots to interact with humans, which relies on their ability to handle unstructured environments and adhere to human flesh, is expected to boost the market. The increased use of magnetically navigated and vacuum single-site endoscopic soft robots has also been made possible by advances in technology. In the coming years, this is expected to drive the market growth even more.

Market growth is expected to be facilitated by the easy availability of soft and compliant materials for soft robots that are both cost effective and easy to handle. The added benefit of being less expensive than traditional robots is expected to boost their adoption, thereby contributing to market growth. As a result, soft robots are expected to be widely offered in a variety of medical departments in the coming years.

As traditional bulky contraptions are gradually being replaced by flexible bracing devices, advances in biotechnology have led to the introduction of these robots into dental applications. Due to their compact structure and cost-effectiveness, soft robots are gaining popularity in dentistry, providing the market with more potential growth prospects.

Main market players

The main market players are

• Ekso Bionics Holdings Inc.• ReWalk Robotics Ltd.• Soft Robotics Inc.• Righthand Robotics, Inc.• BioServo Technologies AB• Pneubotics Inc.

• Others

The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

Read more:

Electric Scooters and Motorcycles Market- https://www.expertmarketresearch.com/reports/electric-scooter-and-motorcycle-market

Electronic Health Records (EHR) Market- https://www.expertmarketresearch.com/reports/electronic-health-records-ehr-market

Email Marketing Software Market- https://www.expertmarketresearch.com/reports/email-marketing-software-market

Enterprise Resource Planning (ERP) Software Market- https://www.expertmarketresearch.com/reports/enterprise-resource-planning-software-market-report

Lithium-ion battery manufacturers: https://www.expertmarketresearch.com/articles/top-lithium-ion-battery-companies

Ethyl Acetate Market- https://www.expertmarketresearch.com/reports/ethyl-acetate-market

GNSS simulator market- https://www.expertmarketresearch.com/reports/gncc-simulators-market

Autism Spectrum Disorder Therapeutics Market- https://www.expertmarketresearch.com/reports/autism-spectrum-disorder-therapeutics-market

Automated Sample Storage Systems Market- https://www.expertmarketresearch.com/reports/automated-sample-storage-systems-market

Automated Suturing Devices Market- https://www.expertmarketresearch.com/reports/automated-suturing-devices-market

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Over 3,000 EMR consultants and over 100 analysts work very hard to ensure that clients get only the most up-to-date, relevant, accurate and actionable information in the industry so they can formulate informed business strategies , efficient and intelligent and secure their market leadership.

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RedMoto XEV will launch electric scooters and motorcycles

Motorcycle Price

RedMoto XEV electric scooter and motorcycle

Chhattisgarh-based RedMoto XEV is set to launch 3 electric vehicles, two scooters and a motorcycle on May 21, 2021

Chhattisgarh-based startup RedMoto XEV is launching three new electric vehicles. The models will be available for sale from May 21, 2021. Using these eco-friendly vehicles will help control pollution and also help maintain an eco-friendly environment. These vehicles are designed to be launched in the automotive sector after high quality tests and the peculiarity is that their price will also be very economical, compared to other vehicles in the range.

Keeping in mind market trends and consumer needs, RedMoto XEV has focused on the design and appearance of its vehicle, and on keeping the retail price to a minimum. Charging involves the use of a few units of electricity. After testing to prescribed standards, consumers will be able to run the electric two-wheelers for approximately 1,000 km at a cost of $ 200.

R3X and R1X scooter, and R5X motorcycle

Founder and CEO Jitendra said the company is ready to sell its electric vehicles at an affordable price. They also depend on better product design. Electric two-wheelers qualify as affordable bikes and the company claims that the R5X motorcycle will be available at a price between 80k and 85k.

Electric scooters (R3X, R1X) will cost between 65,000 and 72,000. When recharged for 4 hours, the vehicles will have a range of 60 km. Low speed units have a 48V system, with optional Lithium or VRLA battery type. All electric vehicles (R3X, R1X, R5X) are ICAT tested in the low speed category.

redmoto-xev-electric-scooter-motorcycle-1-600x338-1 RedMoto R1X, R5X and R3X to launch in India next month

Starting RedMoto XEV EV

The Chhattisgarh-based startup will operate in India in due course. For this, the company is working on logistics to ensure large-scale operations. Preparations to sell these vehicles in other major cities in India are complete. This will allow the company to start sales in various cities within a few weeks.

While the company has 3 models to start operations, RedMoto XEV will launch a range of electric vehicles over time. Expenses for the maintenance of these vehicles, thanks to which there will be no additional burden on the pocket of consumers.

Current trends in the Indian automotive market are encouraging for electric two-wheeler start-ups. Considering that the opportunities are endless, more and more businesses are opening their doors. This goes hand in hand with the government’s commitment to making the business environment conducive to electric vehicle manufacturers.

In general, the strongest arguments focus on the cost of ownership and operation, and the reduction of emissions. RedMoto XEV is committed to achieving the same end goals, among other factors. The company claims that customers will not be overburdened with expenses bearing in mind the costs of maintenance.

NWP plans to contribute RM7 million to revenue from motorcycle business in 2021

Motorcycle Business

PETALING JAYA (April 1): Wood products maker NWP Holdings Bhd, which diversified into the motorcycle business last year, expects the new company to contribute RM6-7million to its turnover this year.

Its CEO, Datuk Seri Nelson Kee Soon Ling, said the group hopes to take advantage of the food delivery boom amid the Covid-19 pandemic to increase its motorcycle sales.

The group has recorded total sales of 100,000 RM or 15 units of motorcycles since February, he said at a press conference after the group’s showroom launched here today.

The 15,000 square foot showroom, owned by its wholly owned subsidiary NWP Access Sdn Bhd, offers sales, service and spare parts for motorcycles, as well as a wide range of motorcycles from renowned brands such as Yamaha, Honda, Modenas and Benelli as well as a variety of motorcycle accessories.

“This motorcycle showroom is costing us around RM1 million including all operating expenses and capital expenses,†he said, adding that the company plans to expand its automotive business to other areas, such as Penang and Johor, by next year.

Kee said NWP will run a no-deposit promotion to sell 10,000 units of its motorcycles on credit to people whose finances are affected by the pandemic.

“The program is designed so that more riders can own motorcycles more affordably, and the daily payment can go down to RM3,†he said.

At today’s launch, NWP Access signed collaboration agreements with four partners, namely BlackBixon2Go Sdn Bhd (a subsidiary of Ni Hsin Resources Bhd), IOU Pay (Asia) Sdn Bhd (a subsidiary of iSentric) , Yayasan Keusahawanan Sosial and MBP Solutions Sdn Bhd (subsidiary of TFP Solutions Bhd), to further consolidate its services to its clients.

For the partnership with IOU, it aims to provide financial assistance to customers for the maintenance and replacement of spare parts of their motorcycles with the “Buy Now, Pay Later†program.

The collaboration with Yayasan Keusahawanan Sosial focuses on purchasing motorcycles with the Easy-to-Own program, while the partnership with MBP Solutions aims to provide services such as microinsurance to bikers to ensure their safety.

With BlackBixon2Go, NWP Access will provide motorcycles to facilitate the delivery of BlackBixon2Go’s energy coffee.

Regarding NWP’s real estate business, Kee said the company will partner with a real estate developer on a new project with a gross development value of RM300 million.

“Currently, we are still in the midst of discussions and plan to announce this partnership by next week,†Kee said, adding that the developer would hire NWP to undertake work related to property management and sales consulting.

Kee said two companies, namely GS Realty (M) Sdn Bhd and GT Nelson Sdn Bhd, will assist NWP on the project.

Kee is a 24.55% shareholder of GS Realty, one of the largest real estate agencies in Malaysia, which has offices and representatives throughout Malaysia, and partners in ASEAN countries.

NWP recorded a net loss of RM 1.44 million, on revenue of RM 714,000, for the quarter ended November 30, 2020 as business operations disrupted by the pandemic. For the 15-month period ended November 30, 2020, it recorded a net loss of RM 6.47 million on revenue of RM 6.6 million. There are no comparison numbers due to the year-end change from August 31 to February 28.

The NWP share price was 22 sen at 3 p.m., giving a market cap of RM 104 million.