Japanese electric vehicle maker Terra Motors has marked its entry into the Indian market with the launch of its electric superbike Kiwami at Rs 18 lakh. The company claims the bike's performance is on par with that of a 1000cc sportsbike.
Speaking at the launch, Toru Tokushige, CEO and founder, Terra Motors, said: “India is the second largest producer of two-wheelers in the world, and hence it is an important market in our strategic growth plan. We intend to invest Rs 30 crore in the Indian market next fiscal (FY2014-15). With this mission, Terra Motors is set to deliver electric vehicles of high quality in India.”
According to company data, Kiwami runs on a lithium ion battery, which offers a running range of over 200km and consumes six hours to get fully charged. Talking to our sister magazine Autocar Professional, Tokushige said that “the company is aiming to sell 10,000 bikes in India in the next two years. Further, if the government plans to support us, we would be able to sell nearly 5,000 units of electric three-wheelers as well.” The company is currently working to set up its first dealership in Gurgaon, which it plans in next four-five months.
The Indian subsidiary, Terra Motors India will be present at the Auto Expo (Hall No: 6/E-18A), where it plans to display its future line-up (including executive e-scooters and e-three-wheelers) besides the Kiwami electric bike.