BGauss, a company backed by electrical equipment maker RR Global, has launched its new electric model high-speed RUV350 (pictured).
The company claims that it has launched a new category of electric two wheelers (EV-2ws) — rider utility vehicles (RUVs).
These vehicles combine features of both scooters and bikes, and this will help it capture about 25 to 30 per cent of the EV-2W market by 2032, the company said.
BGauss's RUV350 is priced at ₹1.1 lakh (ex-showroom), and is expected to be available from July at its 120 dealerships across India.
The company envisions that the EV-2w category will maintain a 60 per cent market share by 2030 with the RUV category capturing around 25-30 per cent of the market. The remaining 10-15 per cent would be bikes, it added.
This story is from the June 26, 2024 edition of Business Standard.
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This story is from the June 26, 2024 edition of Business Standard.
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