{
  "id": 6794317,
  "title": "20% of India’s bikes could go electric: Ultraviolette",
  "url": "https://urgent.news/2026/09/11/20-of-indias-bikes-could-go-electric-ultraviolette",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-11T19:01:59.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/auto/two-wheelers-three-wheelers/ultraviolette-sees-indian-motorcycle-market-going-20-electric-in-2-3-years/articleshow/134086450.cms"
  },
  "original_language": "en",
  "account": "Mumbai-based electric two-wheeler startup Ultraviolette Automotive anticipates that electric motorcycles could make up 20% of India's motorcycle market within the next two to three years, according to co-founder and CEO Narayan Subramaniam. The company's success with its F77 sports motorcycle and X47 crossover has led to plans for significant expansion.\n\nUltraviolette is constructing a new manufacturing facility in Tamil Nadu, with the first phase capable of producing 250,000 units annually, which could eventually be expanded to 500,000 units. This, combined with their existing facility, which can produce approximately 50,000-60,000 units annually, should provide a production capacity of around 300,000 units within two to three years, and potentially 500,000 units over a five-year period.\n\nElectric motorcycles currently represent only 1% of the overall motorcycle market, but the company expects this to rapidly increase as more manufacturers enter the segment, offering consumers more choices. Factors such as rising fuel prices, supportive regulations, and the economic advantages of electric vehicles are driving this shift. In the first four months of 2026-27, over 4.3 million motorcycles were sold in India's domestic market, according to the Society of Indian Automobile Manufacturers (Siam).\n\nSubramaniam emphasized that Ultraviolette is well-capitalized to undertake the planned investment, with TVS Motor holding a 26% stake in the company, and other investors including Lingotto, TDK Ventures, Qualcomm Ventures, Zoho Corporation, and Speciale Invest. The company is broadening its product portfolio beyond the F77 and X47, with the Shockwave motorcycle and Tesseract electric scooter set to launch soon, followed by two additional models.\n\nThis expansion will introduce new electric models priced below ₹2 lakh, making them more affordable than Ultraviolette's current offerings. The company currently produces around 600-700 vehicles per month and anticipates reaching approximately 1,000 units per month in the near future. With the introduction of new products, demand is expected to rise to at least 10,000 units per month. Ultraviolette aims to distribute its motorcycles and scooters equally, with each segment contributing approximately half of the company's total volumes. The company is already present in 20 European countries and plans to expand into North America and Latin America through distributors.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}