Terra Motors Expands EV Range
ECONOMY & POLICY

Terra Motors Expands EV Range

Terra Motors, a Japanese electric vehicle manufacturer, has expanded its product range in India with the launch of a new electric auto-rickshaw, the KYORO+. This strategic move aims to strengthen its foothold in the L5 electric three-wheeler segment, building on its existing presence in the electric rickshaw (L3) market, where it has already sold over 150,000 units.

Go Suzuki, Managing Director of Terra Motors India, stated the company's ambition to secure approximately 5-8 per cent of the L5 segment, which sees annual sales of around 150,000 to 160,000 units. The company plans to establish 100 dealerships nationwide and significantly increase its production capacity for electric auto-rickshaws to about 5,000 units per month. Currently, its Manesar plant has an annual manufacturing capacity of 5,000-10,000 L5 units and produces around 3,000 electric rickshaws.

Toru Tokushige, Founder and CEO of Terra Motors, reiterated India's importance as a key market for the company, emphasising their commitment to leading the electric mobility sector through continuous innovation. Terra Motors also operates Terra Charge, a dedicated electric vehicle charging infrastructure division in India.

Terra Motors, a Japanese electric vehicle manufacturer, has expanded its product range in India with the launch of a new electric auto-rickshaw, the KYORO+. This strategic move aims to strengthen its foothold in the L5 electric three-wheeler segment, building on its existing presence in the electric rickshaw (L3) market, where it has already sold over 150,000 units.Go Suzuki, Managing Director of Terra Motors India, stated the company's ambition to secure approximately 5-8 per cent of the L5 segment, which sees annual sales of around 150,000 to 160,000 units. The company plans to establish 100 dealerships nationwide and significantly increase its production capacity for electric auto-rickshaws to about 5,000 units per month. Currently, its Manesar plant has an annual manufacturing capacity of 5,000-10,000 L5 units and produces around 3,000 electric rickshaws.Toru Tokushige, Founder and CEO of Terra Motors, reiterated India's importance as a key market for the company, emphasising their commitment to leading the electric mobility sector through continuous innovation. Terra Motors also operates Terra Charge, a dedicated electric vehicle charging infrastructure division in India.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement