by Autocar Pro News Desk , 29 Oct 2021
Yamaha Motor has has signed an agreement with Hero Motors, which owns Hero Cycles, India’s largest bicycle manufacturer, to establish a joint venture company for the manufacture of hub-mounted drive units for electrically power-assisted bicycles (e-Bikes).
The joint venture is scheduled to be established by the end of this November, with Yamaha Motor holding a 10% stake and Hero Motors holding the remaining 90%.
Today, Europe is the largest market for e-bikes and about half of the market’s offerings use hub-mounted drive units that house the electric motor in the center of the drive wheel. As the global market for e-bikes continues to grow, Yamaha expects the prominence of these hub-mounted drive units to rise accordingly and signed the agreement to establish this joint venture with that in mind.
Yamaha currently offers proprietary centre-mount drive units, which are set in the middle of the bicycle chassis near the pedals. By adding the hub-mounted drive units manufactured through this joint venture to its portfolio, Yamaha looks to raise the overall strength and capabilities of its e-Bike business and thereby secure future business growth.
Mercedes-Benz partners Sila for upcoming electric G-Class
by Manobhava Baruah 19 May 2022
Volkswagen, M&M to evaluate use of MEB electric components
by Autocar Pro News Desk , 19 May 2022
In Conversation with Tata Motors' Anand Kulkarni
by Mayank Dhingra 19 May 2022