Ratan Tata, Chairman Emeritus of Tata Sons, has agreed to invest an undisclosed amount in Pune-based electric vehicle start-up Tork Motors. Tork Motors is going to unveil its flagship electric bike, the Tok T6X in the coming months. It is an entirely indigenously developed electric vehicle and will be one of the first ones available in India when it comes later this year.
In the past, Kapil Shelke-led Tork Motors raised funds from Bharat Forge and Bhavish Aggarwal, founder, Ola cabs. Bharat Forge, one of the leading auto component manufacturer, had invested Rs 34 crore and holds an equity stake of almost 49 percent.
According to Tork Motors, collaboration with Bharat Forge has assisted the startup with engineering, plant designing manufacturing, and supply chain capabilities.
Powered b lithium-ion battery, Tork T6X, the electric motorcycle, is engineered to travel at a top speed of 100 kmph, and runs 100 km on a single charge. The battery can be charged up to 80 percent in an hour. Propriety charging solutions will also be set up across Pune at the time of the launch.
Tork Motors suggests that the startup has decided to go ahead with a 3.5kWh battery on the T6X wherein the battery unit will be dust and waterproof.
Tork is aiming at retails of 5,000 units in the first year starting off from Pune city. In its second year of the sale, they plan to expand to Bangalore and ramp up their annual retails to up to 20,000 units. And said a source who did not wish to be named.
He added, that the T6X is pegged to cost around Rs 1.5 lakh. Once it is launched and will compete with premium 125cc-200cc motorcycles.
- Anushka Sharma distressed as another brutal rape hits headlines; Demands no mercy for rapists
- Xiaomi Redmi 9i to go sale on Today: Check Price, Specifications
- How to Video call 49 people on Google Meet
- PUBG Mobile Ban in India Permanent for Now: Report
- How to increase Battery life of smartphones: Here’s tips
- After Deepika Padukone, Hrithik Roshan, Sahid Kapoor to be summoned by NCB?
- Sorry CSK fans, Suresh Raina is not coming back; clarifies CSK CEO
Anushka Sharma distressed as another brutal rape hits headlines; Demands no mercy for rapists
Xiaomi Redmi 9i to go sale on Today: Check Price, Specifications
How to Video call 49 people on Google Meet
PUBG Mobile Ban in India Permanent for Now: Report
How to increase Battery life of smartphones: Here’s tips
Tecno Spark Power 2 to Launch soon in India
Yuvraj Singh confirms Comeback Plans, a Year After Retirement
Royal Enfield Classic 350, Bullet 350, Himalayan, 650 Twins: Retails sales from August 2020
No DL Required to Ride This New Electric Bike, Launched in India
BCCI releases IPL schedule: MI to face CSK in Day 1
Entertainment11 months ago
Vijay’s Bigil Full Movie Leaked Online by Tamil Rockers
Box Office12 months ago
War Hindi Full Movie Download Leaked Online on Tamilrockers
Box Office11 months ago
Jhalle Punjabi Full Movie Leaked Online Download by Tamilrockers
Entertainment12 months ago
Ardab Mutiyaran Full Movie Leaked Online by TamilRockers