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The head of Swiss sports bike maker KTM, which claims to be the world's No 1 premium motorbike brand and also sells tens of hundreds of e-bikes in Europe, is not confident of the capability of electric vehicles beyond a point and feels that optimism on this front is "highly overrated". KTM, which is primarily into high-end racing bikes, has a 50.1:49.9 manufacturing JV with Bajaj Auto. It will also be selling the electric model of the resurrected iconic Chetak scooters from the Bajaj stable in Europe from the first quarter of 2024. "The whole scope and capability of the concept of electric vehicle mobility is highly overrated. It's the result of mixing the laws of physics incorrectly and also by mis-reading the laws of energy," Stefan Pierer, the chief executive of Pierer Mobility that owns the KTM brand, told a select group of journalists at a media roundtable here. "I know it isn't easy to tell and convince the politicians about the sheer impracticality of attempting to make ...
City-based start-up AlphaVector on Thursday announced partnership with European bicycle maker KTM to launch the latter's premium bicycle range in the country. With this partnership, AlphaVector launches and becomes the exclusive distributor of KTM bicycles in the Indian market, the company said in a statement. Priced between Rs 30,000-10 lakh, the premium segment will expand AlphaVector's portfolio beyond the recently launched e-bicycle (Meraki) and existing mountain, all-terrain, hybrid, fat-tire bikes in the mass-premium segment, it added. "Cycling in India has seen a paradigm shift and is evolving at a tremendous pace. The premium segment is witnessing traction with people adopting cycling as a lifestyle especially in the metro cities," said Sachin Chopra, co-founder and CEO of AlphaVector India Pvt Ltd. "We are excited to bring KTM bicycles to India to cater to this growing demand and not just deliver unmatched quality and performance but also an exceptional buying and ownershi