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SummaryTerra Motors to invest Rs 300 mn in Indian market and will soon introduce series of executive e-scooters.
In a major initiative, Terra Motors Corporation, Japanese manufacturer of two and three wheelers in Japan, launched Kiwami, a 1000 cc electric superbike, in India. Kiwami carries a price tag of Rs 18 lakh
Kiwami is targeted at youth, motorcycle enthusiasts, and consumers in urban cities, who look for eco-friendly variants. Kiwami which in Japanese means �Ultimate� produces 10kw max motor capacity and is hand-built. Its rapid acceleration allows a fantastic high speed of 160km/hour and is absolutely with Japanese state-of-the-art technology.
Commenting on the foray of the company in India, Toru Tokushige, Chief Executive Officer (CEO) ＆Founder of Terra Motors said, �India is the second largest producer of two-wheelers in the world. Hence it is an important market in our strategic growth plan and we intend to invest Rs 300 million in the Indian market next fiscal year."
In addition to this, Terra Motors will soon introduce series of executive e-scooters, which will target premium consumers who expect a stylish and sophisticated high end product. These bikes and a three wheelers option will be showcased at the upcoming Auto Expo 2014.
Kiwami superbike requires just 6 hours for full charging. Terra Motors said a fully-charged Kiwami can be driven over 200 kilometers, the highest running distance by any electric motorbike ever in India.
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