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Named after Chetak, the horse of the Indian warrior Maharana Pratap, the scooter's original petrol version licensed production of the Italian Vespa Sprint.Chetak had absorbent waiting period, which sometimes had 10 years of waiting period [3] was an affordable means of transportation for Indian urban upper-middle-class families, marketed under the tagline Hamara Bajaj (Our Bajaj).
Honda Motorcycle & Scooter India, Pvt. Ltd., abbreviated as HMSI, is the wholly owned Indian subsidiary of Honda Motor Company, Limited, Japan. [4] Founded in 1999, [ 4 ] it was the fourth Honda automotive venture in India, after Kinetic Honda Motor Ltd (1984–1998), Hero Honda (1984–2011) and Honda Siel Cars India (1995–2012). [ 5 ]
In April 2014, Honda began an upgraded model of Activa with a 125 cc (7.6 cu in) engine and rebranded the model as Activa 125. Currently, both Activa-i and Activa 125 are sold in India along with traditional Honda Activa. Honda began selling the Activa-i in India, a cheaper and lighter version of the Activa, in December 2013.
Ather Energy is an Indian electric two-wheeler manufacturer headquartered in Bangalore.It was founded by Tarun Mehta and Swapnil Jain in 2013. It currently manufactures electric scooters including the Ather 450 Apex, Ather 450S, Ather 450X, Ather 450X Pro, and Ather Rizta.
The TVS Scooty is a brand of Scooters made by TVS Motors of India. It is marketed mainly to women, and in 2009 was the largest selling brand among scooters aimed specifically at women buyers, selling about 25,000 units per month, compared to about 60,000 per month for the overall top selling scooter in India.
Bajaj is the world's largest manufacturer of auto rickshaws and accounts for almost 84% of India's three-wheeler exports. During the FY 2012–13, it sold approx. 4,80,000 three-wheelers which was 57% of the total market share in India. Out of these 4,80,000 three-wheelers, 47% were sold in the country and 53% were exported.
Honda, wanting to focus only on its independent fully owned two-wheeler subsidiary, Honda Motorcycle and Scooter India (HMSI), exited Hero Honda at a discount and get over ₹ 6,400 crore (equivalent to ₹ 140 billion or US$1.7 billion in 2023) for its stake. The discount was between 30% and 50% to the current value of Honda's stake as per the ...