logo
River Indie Electric Scooter Crosses 7,000 Units Sales Since Launch

River Indie Electric Scooter Crosses 7,000 Units Sales Since Launch

NDTV23-06-2025
Bengaluru-based River Mobility is seeing an uptake in the sales figures of its Indie electric scooter. The total sales of River Indie in 2024 were 2,515 units and the company has already seen a 77 per cent increase in the total sales in 2025 till date. River has sold over 7,000 units of the Indie electric scooter since the beginning of sales in 2023. Numbers suggest that the sales started picking up after River updated the scooter with a final chain drive, priced at Rs. 1.43 lakh (ex-showroom). The company recently crossed Rs. 100 crore in revenue and touched the 1,000 units mark in monthly sales.
The new model was priced higher than the older model but still the company is seeing an increase in the sales of the electric scooter, whose primary markets are Southern and Western India. The River Indie electric scooter comes with a 4 kWh battery pack with a claimed range of 161 km. It can be charged from 0 to 80 per cent in 5 hours. The electric motor makes a total of 6.7 kW with 26 Nm of max torque. The electric scooter has a claimed acceleration from 0 to 40 kmph in 3.7 seconds and has a top speed of 90 kmph.
River Mobility will soon collaborate with Yamaha and the Japanese two-wheeler giant will soon enter the affordable electric scooter segment with a brand-new model, which will be based on the current River Indie. The upcoming Yamaha EV is code-named RY01 and reports suggest that it will use the same battery management system and powertrain as the River Indie. Now, it should be noted that Yamaha Motor Co, Japan invested around 40 million dollars in River in February 2024. The investment was made for River's Series B round of funding through third-party allotment.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Petronet LNG records over 25% YoY decline in Q1 PAT
Petronet LNG records over 25% YoY decline in Q1 PAT

Business Standard

time2 minutes ago

  • Business Standard

Petronet LNG records over 25% YoY decline in Q1 PAT

Petronet LNG has reported 25.5% drop in standalone net profit to Rs 850.58 crore on a 11.4% fall in net sales to Rs 11,879.86 crore in Q1 FY26 as compared with Q1 FY25. Total operating expenditure for Q1 FY26 was Rs 10,720.14 crore, down 9.6% YoY. Profit before tax for the first quarter was Rs 1,136.11 crore, down by 25.3% from Rs 1519.88 crore posted in the same period last year. During the current quarter ended 30 June 2025, Dahej terminal processed 207 TBTU of LNG as against 248 TBTU during the corresponding quarter ended 30 June, 2024. The overall LNG volume processed by the company in the current quarter was 220 TBTU, as against the LNG volume of 262 TBTU processed in the corresponding quarter last year. The company was able to achieve higher throughput over the previous quarter and robust financial results owing to stable LNG prices, better capacity utilization and efficiency in its operations, Petronet LNG said in a statement. The net worth of the company as on 30 June 2025 reached Rs 20,233 crore as against Rs 19,382 crore as on 31 March 2025, crossing the Rs 20,000 crore mark. Petronet LNG was formed to develop, design, construct, own, and operate liquefied natural gas (LNG) import and regasification terminals in India. The scrip slipped 1.76% to end at Rs 302.10 on the BSE on Friday.

Jain Irrigation net profit declines 8.5% to Rs 11.19 crore in Jun quarter
Jain Irrigation net profit declines 8.5% to Rs 11.19 crore in Jun quarter

Economic Times

time2 minutes ago

  • Economic Times

Jain Irrigation net profit declines 8.5% to Rs 11.19 crore in Jun quarter

Jain Irrigation Systems on Saturday reported an 8.5 per cent fall in consolidated net profit to Rs 11.19 crore for the latest quarter ended June 2025. ADVERTISEMENT Its net profit stood at Rs 12.23 crore in the year-ago period. The total income rose to Rs 1,547.68 crore in the April-June period of 2025-26 from Rs 1,479.24 crore in the corresponding period of the preceding year, according to a regulatory filing. Jain Irrigation Systems Vice Chairman and Managing Director Anil Jain said, "In Q1 of FY26, the company experienced good demand for Micro Irrigation Systems, Tissue Culture, Exports and Solar Agri Pumps. We saw good growth in revenue and margins in Hi-Tech Agri division".Due to the early monsoon in May, he said the company saw an impact on demand for pipe."Margins for pipe business were also under pressure due to lack of demand," Jain said. ADVERTISEMENT He said the company's focus towards retail and exports has shown better results in terms of revenue growth and margins."With well-spread monsoon and the government's commitment to investment in infrastructure, we expect revival of demand for piping business in H2FY26," Jain said. ADVERTISEMENT In 2024-25, the Maharashtra-based Jain Irrigation Systems had posted a net profit of Rs 25.69 crore on a total income of Rs 5,793.24 crore. The company is engaged in the manufacturing of micro irrigation systems, PVC P pipes, HDPE pipes, plastic sheets, agro-processed products, renewable energy solutions, tissue culture plants, financial services and other agricultural inputs. PTI (You can now subscribe to our ETMarkets WhatsApp channel)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store