Premium Indian electric two-wheeler makers are accelerating their expansion into international markets in search of growth, even as domestic sales recover from reduced FAME II subsidies, as they look to capitalize on a rapidly growing market for electric vehicles.
Legacy two-wheeler maker TVS Motor-backed Ultraviolette, which makes the performance electric bike F77, is set to enter European markets like Spain, Germany, Italy, and France. On the other hand, Hero MotoCorp-backed Ather Energy, which currently makes two models of its 450 series of electric scooters, started selling its vehicles in neighbouring Nepal earlier this month.
