The 125cc motorcycle category is poised to see double-digit growth post pandemic while the other segments will see a flattish growth curve.
The 125cc segment is targeted at young aspiration buyers who will propel a 25 per cent growth in the segment, TVS Motor Company vice-president Aniruddha Haldar said at the launch of the company’s first motorcycle in the segment, the TVS Raider, last week.
Talking about the popular demand for 125cc bikes, Haldar said: “Over the last five years, the 125cc segment has been witnessing double-digit growth. The pandemic has not changed that because the segment has a strong component of first-time buyers as well as replacement buyers.”
“It is the 18-25 age group seeking mobility, campus goers, first jobbers, middle-class slightly affluent commuters both in rural and urban India that form the potential customer base for TVS Raider,” Haldar added.
The TVS Raider will carry a price tag of Rs 77,500 (ex-showroom, Delhi).
The electrical vehicle ecosystem is gradually shaping up in India with the first aggregator of EV charging stations going live. EV Plugs, a start-up, went live on September 7 with more than 1,000 verified listings to help EV owners find a charging station nearby.
EV Plugs co-founder Manish Narang said, “We expect the market to be flooded with EVs across categories and by default charging stations. However, it’s going to be multiple decades before we reach a situation similar to diesel and petrol where one can be assured of finding one station within a few kilometres. EV Plugs addresses this need of EV owners.” There are 69,000 charging stations at present.