- BGauss
- RR Global
- Hemant Kabra
- RUV350
- electric scooter
- export
BGauss sees RUV350 grab 25% market share in its segment, targets export potential too
- by Nilesh Wadhwa
- June 26, 2024

BGauss, the electric vehicle business of wire major RR Global, has launched its latest offering the RUV350 e-scooter at prices starting INR 109,999 (ex-showroom).
The company claims that the unique e-scooter has been completely designed keeping in mind the diverse needs of the Indian consumer, with the potential target customer in the 22-years to 42-years age bracket.
In an interaction with the media, Hemant Kabra, Founder & MD, BGauss said that the IC-two-wheeler segment bike market, used to see the motorcycle segment making up 60 percent of sales, while the remaining 40 percent came from the scooter segment. But in the electric two-wheeler space, the e-motorcycle segment hardly makes up for less than one percent share.
“We believe that by 2030 or 2032 e-scooters should be around 60 percent of the market share, RUV350 as a category should be around 25 percent of the market share, and the remaining will come from e-motorcycles,” said Kabra.
The RUV350 is a unique product, which in form factor looks like a scooter, but comes with the largest in the scooter segment wheels (16-inch) and seat design focussing on rider comfort.
BGauss aims to sell 50,000 electric scooters (all models combined) in FY2025, and 100,000 units by FY2026.
Performance and features
The BGauss RUV350 is powered by the company’s patented high-performance InWheel hyperdrive motor, which is claimed to offer 90.2 percent power efficiency (amongst the highest). The minimal energy loss results in superior efficiency and enhanced performance. This innovative design enables powerful and smooth acceleration, essential for navigating urban environments with ease.
The e-scooter comes with metal body that not only enhances durability but also provides an additional layer of safety for the rider. While the under-seat storage is not amongst its strongest point, the RUV350 can easily accommodate an open-face helmet; a storage box under the rider's feet provides storage for the standard charger, while some nifty smart pockets provide storage for handy stuff in the front.
The RUV350 comes in 3 variants – 350i EX; 350 EX and 350 Max – priced at INR 109,999; INR 124,999 and INR 134,999 respectively (you can read the tech specs below). Interestingly, the first two variants come with a removable battery, while the 350 Max has a fixed battery.
Except for the base variant, the RUV350 gets a digital display that provides real-time information such as call notifications, turn-by-turn navigation, live vehicle tracking, geo-fencing, vehicle immobilisation, dual theme, photometric adaptive display for day and night mode, document storage, speed, battery status, and range, ensuring riders have all necessary information readily available. Furthermore, the vehicle includes connectivity features like Bluetooth and telematics enabling riders to stay connected and navigate with ease.
Battery swapping and exports
Responding to a query on whether BGauss would explore battery swapping or ‘battery as a service’ model, Kabra said that the company was in discussions with some companies, but did not get into exact details, thus opening the possibility of potential new partnership on the cards.
Moreover, given the e-scooter’s dynamics and design, which may be a new category for India, the potential BGauss sees for the RUV350 is also in the export market. Kabra reveals that while the company was not currently exporting its EVs to any country, with the RUV350, “Europe, Southeast Asia and SAARC region are a probable opportunity.”
In terms of expansion, the company aims to double almost all its dealerships from the current 100-plus to 200 by end-FY2025.
Lastly, when asked about new investments, Kabra revealed that BGauss had secured an investment of INR 2 billion recently, for which it will be sharing the details in the coming months.
- JSW MG Motor India
- MG Windsor EV
- MG Windsor Pro
MG Windsor Pro With Higher Range & Updated Tech To Be Launched On May 6th
- by MT Bureau
- May 02, 2025

JSW MG Motor India is set to expand its EV portfolio with the MG Windsor Pro, which is set to be introduced on 6 May 2025.
The MG Windsor Pro is expected to offer a higher range, more features, improved safety and minor design tweaks. While technical details are yet to be released, it is safe to understand that the company is looking to further drive sales of its popular EV, targeting a new set of customers.
Launched on 11 September 2024, the company positioned the Windsor as a CUV (crossover utility vehicle) and the most comfortable EV in its segment.
The Windsor EV has already surpassed 20,000 units sales since launch, and has been the highest selling electric passenger vehicle for the last several months in a row.
- Wardwizard Innovations & Mobility
- Joy e-bike
- Joy e-rik
- Yatin Sanjay Gupte
Wardwizard Maintains Profitability in FY25 Despite Revenue Decline, PAT at INR 63.6 Million
- by MT Bureau
- May 01, 2025

Gujarat-headquartered electric vehicle maker Wardwizard Innovations & Mobility, the maker of ‘Joy e-bike’ and ‘Joy e-rik’ brand, has reported a consolidated net profit of INR 63.6 million for FY2025, maintaining profitability for the fifth consecutive year despite industry headwinds and a 5.1 percent drop in annual revenue.
The company’s total consolidated revenue stood at INR 3.04 billion, down from INR 3.2 billion last year. However, EBITDA rose 13.9 percent YoY to INR 3.6 billion, and EBITDA margins improved by 222 basis points to 12.11 percent, reflecting strong cost discipline and operational efficiency.
Despite a 52.7 percent YoY dip in PAT, largely due to a high base in FY2024, Wardwizard remained in the black – underscoring resilience amid a challenging EV market environment.
Yatin Sanjay Gupte, Chairman & MD, Wardwizard Innovations & Mobility, said, “While annual revenues saw a slight decline, EBITDA rose 14 percent YoY. Our profitable performance, sustained for five consecutive years, sets us apart and reinforces the strength of our strategy.”
In Q4 FY25 (Jan–Mar 2025), the company recorded a 62.2 percent YoY rise in PAT to INR 64.5 million, with EBITDA nearly doubling to INR 1.8 billion. PAT margins for the quarter expanded to 5.91 percent, and EBITDA margins reached 17.26 percent, reflecting improved product mix and cost optimisation.
During the last fiscal, the company deployed over 400 electric two-wheelers across major cities like Kolkata, Pune, and Ahmedabad as well as the launch of L5 electric rickshaws in Maharashtra. Ongoing partnerships and a USD 1.29 billion EV initiative in the Philippines are expected to drive future growth.
“With continued innovation and targeted execution, we are building a stronger foundation for long-term growth,” Gupte added.
- Ajay Dhiman
- OPG Mobility
- Okaya EV
- Subros
- Honda
- Renault
- Nissan
- Sonalika Group
- Anshul Gupta
OPG Mobility Appoints Ajay Dhiman As President, COO & CTO To Lead EV Business
- by MT Bureau
- May 01, 2025

OPG Mobility (formerly Okaya EV) has appointed Ajay Dhiman as the new President – Chief Operating Officer (COO) and Chief Technology Officer (CTO) to lead its electric vehicle and EV components business.
In this strategic leadership role, Dhiman will be responsible for operations and technology functions spanning manufacturing, R&D, product development, quality, sourcing, supply chain and business strategy.
He joins OPG Mobility with over 20 years of experience in the automotive and EV sectors. He previously served as Senior Vice-President at Revolt Motors, where he is said to play a key role across CXO-level functions and was instrumental in accelerating product development and delivering high-quality electric mobility solutions. His career includes leadership stints at Honda, Renault-Nissan, Subros and Sonalika Group, contributing across two-wheeler, three-wheeler, and four-wheeler segments.
Anshul Gupta, Managing Director, OPG Mobility, said, “We are delighted to have Ajay Dhiman join our leadership team at a pivotal moment in OPG Mobility's journey. As we step up our presence in the EV ecosystem, Ajay’s deep experience in product development and operations will be invaluable in scaling our EV and components business. His thorough knowledge of both legacy systems and new mobility technologies will drive value, innovation, and faster execution across our transformation journey.”
Ajay Dhiman, added, “It’s an honour to join OPG Mobility at such a transformative time. The brand’s vision of delivering inclusive and innovative electric mobility solutions aligns strongly with my passion for engineering excellence, innovative products and future-focused manufacturing. I look forward to working closely with the leadership and teams to strengthen our product pipeline, accelerate product innovation, strengthen our technological edge, enhance operational excellence, and scale solutions that support India’s evolving mobility needs. We aim to position OPG Mobility as a frontrunner in shaping India’s electric mobility revolution.”
- Maharashtra Electric Vehicle Policy 2025
- Devendra Fadnavis
- subsidies
- incentive
Maharashtra Government Announces INR 19 Billion EV Policy 2025 To Drive Green Vehicle Adoption
- by MT Bureau
- April 30, 2025

The Maharashtra government has given rolled out the Electric Vehicle Policy 2025 for a period of five years (till 2030) with an estimated outlay of INR 19.93 billion.
The forward-looking policy aims to not only incentivise purchase of electric vehicles, but also aims to boost adoption and real-world usage.
As per the policy, certain EVs plying on highways will be given a toll waiver, EV charging infrastructure strengthened with an ambition have charging facilities every 25km on the national highways.
Electric two-wheelers, three-wheelers, private four-wheelers, state transport corporation buses, private buses and transport undertaking under civic bodies will get concession of 10 percent on purchase of an EV on the original cost. For goods carrying three-wheelers, four-wheelers and electric tractors will be eligible to a concession of 15 percent.
The government has also waived off registration fee on EVs. Lastly, electric four-wheelers and buses will also get toll exemption on Mumbai-Pune Expressway, Atal Setu, Samruddhi Mahamarg, along with 50 percent concession on state and other national highways.
Devendra Fadnavis, Chief Minister of Maharashtra, said, "The state government has approved a new Electric Vehicle (EV) policy, under which passenger EVs will be given subsidies. EV manufacturing and their use should increase in the state."
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