Pierer Mobility has reported preliminary key figures for 2024. As expected, revenues are down 29%, and dispatches to dealers declined by 21% even though the company says that inventory reduction is on. Importantly, Stefan Pierer has handed over the CEO responsibility to Gottfried Neumeister.
At this time, it's not much.
Hyundai and TVS surprised everyone at the Bharat Mobility Global Expo by unveiling two electric micro-mobility concepts - a E3W and a E4W. Both are exploring a formal joint venture for the Indian market.
Suzuki surprised everyone by introducing e-Access to the Indian market. The company's first electric two-wheeler. It is an all-new scooter that has not been caught testing earlier. Also, there are no Honda MPPs.
UBCO was unique, and so was the two-wheel-drive motorcycle that they made. The receivership is a stark reminder of the perils of going too niche in a global E2W market that is yet to mature to create space for small players.
Livewire has further added to the S2 range with a third model. The S2 Alpinsta, the 'cheapest' Livewire, further builds on the S2 platform but is it a significant effort?
The Canadian-Californian company's restructuring seems to be continuing as Derek Dorresteyn, the long-time CTO of the company is gone.
One small step for Yadea, a big leap for the electric mobility industry. The technology comes with all the limitations we expected with Na-ion
The KTM crisis continues to unfold and Pierer Mobility has restructured the board, replacing the chairman.
Being the market leader in India has been the primary calling card of Ola Electric. Acquiring Etergo and getting the AppScooter to production before the competition could enter the market meant that Ola could gain market leadership. Now, the market is maturing and others are inching ahead.
India based Bajaj Auto makes a comprehensive update to the Chetak
Pierer Mobility's problems are even more serious than estimated before. The unsold inventory at KTM is likely a year's worth of sales.