"Economic conditions in India have improved and customers want cars that offer value for money", Kookhyun Shim, managing director of Kia Motors India, told Reuters on the sidelines of the country's biennial auto show in Greater Noida near the capital, New Delhi.
Currently, Lohia manufactures electric and diesel vehicles comprising two and three wheelers.
Besides, Tata Motors has announced it will showcase about six electric vehicles in personal and mass mobility segments. However, considering the auto has been showcased again, we can be hopeful that the project is not dead yet. The company's latest electric vehicle concept - the PCX Electric - which made its global debut at the Tokyo Motor Show 2017, will also be showcased at the Auto Expo.
Homegrown auto majors Tata Motors and Mahindra & Mahindra are on par with their foreign counterparts in showcasing future mobility products at the Auto Expo.
Hinduja flagship firm Ashok Leyland unveiled its electric bus Circuit-S which is powered by its partner SUN Mobility's swappable smart battery.
But let's come back to the Tamo Racemo, for obvious reasons.
The company plans to add a new CNG vertical and introduce new models of diesel and electric vehicles in the coming quarter, he added.
The original turbo-petrol concept of RaceMo features a 1.2-litre three-cylinder twin-turbo petrol engine that can generate the highest power of 190hp. The X-Blade will be available in five colour options- Matte Marvel Blue Metallic, Matte Frozen Silver Metallic, Pearl Spartan Red, Pearl Igneous Black and Matte Marshal Green Metallic.
TVS Motor Company launched Creon, a next-generation electric motor scooter; TVS Apache RTR 200 Fi Ethanol, an ethanol-powered motorcycle and TVS Zeppelin, a 220 cc futuristic motorcycle cruiser concept.
BMW Motorrad, the twowheeler arm of luxury German carmaker on Wednesday launched two motorbikes "F 750 GS" and "F 850 GS", priced at Rs 12.20 lakh and Rs 13.7 lakh, respectively.
The company also showcased its 2-seater electric auto - Uniti One - along side a virtual reality demonstration of the 5-seater vehicle. The motorcycle comes with a 5 speed transmission gearbox and produces a 30 KW of power along with 70 NM of torque.
The Indian government on Thursday said that it plans to frame a new 'automobile policy keeping in mind the industry's concerns and growth needs and also urged companies to shift towards lower emissions on the second pre-open day of the 14th edition of the Auto Expo. The Auto Expo 2018 will see global automakers locking horns to launch and showcase their best products to the world.