Today, in line with its promise to ‘make it big in India’, Allen Ko, Chairman – KYMCO, announced setting up a manufacturing facility for 22KYMCO in Bhiwadi, Haryana. Equipped with an annual production capacity of 200,000 units, this facility will manufacture the iFlow, the Like200 and the X-Town 300i ABS completely at the plant. India, being one of the focus markets for KYMCO globally, the two-wheeler maker is aggressively expanding in the country with a phased expansion plan. The focus markets for phase one include New Delhi, Bangalore, Pune, Hyderabad, Kolkata and Ahmedabad to start with. Over the next three years, the organization aims to build a strong pan India dealership network with 300 touch points.
Focused on the unique needs of the Indian market, 22KYMCO, the global new age mobility solutions provider, unveiled its electric two-wheeler offering – the iFlow as well as cutting-edge ICE technology range of products including the “Like200” and the “X-Town 300i ABS”, a part of the premium Maxi scooter category. The company revealed their new logo and launched competitive price points for their new machines, that will be available in India from September 2019.
| Product: | Price (on-road Delhi) |
| iFlow: | INR 90,000/- |
| Like200: | INR 1,30,000/- |
| X-Town 300i ABS: | INR 2,30,000/- |
While the Like200 and X-Town 300i ABS are going to put the organization on the country’s gasoline two-wheeler industry map in a big way, the iFlow is going to cement its position in the emerging e-mobility space.
All products from the 22KYMCO stable have been scientifically developed and designed for the Indian road conditions. In addition to this, Ionex is the company’s most advanced smart energy solution network that is cloud-connected and consists of portable high-performance batteries which will power the 22KYMCO scooters.
Speaking about the India market, Mr. Allen Ko, Chairman – KYMCO, said,
For us, India is one of our most important markets and we are very excited about entering India’s thriving two-wheeler market to explore its promising market potential. With the country’s strong policy framework that encourages e-mobility in a big way, electric awareness and consumer purchase intent towards e-vehicles in India is witnessing a paradigm shift. Given the encouraging e-mobility environment here, we are certain that our unified mobility solution is sure to ‘make it big in India’. Combining KYMCO’s 55-year old legacy in the automotive world with 22Motors’ expertise in the Indian market, 22KYMCO makes for a stronger team together. We look forward to an exciting journey that will shape India’s e-mobility revolution.
Mr. Parveen Kharb, CEO and Co-Founder – 22Motors added,
22KYMCO realized that there is a significant need gap in the Indian two-wheeler market since customers are increasingly opting for premium high-end scooters, but the lack of options in the product category are driving scooter consumers away. Our range of offerings ensure that we have a product for every rider type on the street. The range of Maxi scooters will fill this need gap for this set of audience. Besides this, the dialogue on the electrification of vehicles in India has picked up pace like never before and electric vehicles are the future. All our actions are focused in the direction of building a strong electric mobility ecosystem in India and our customers continue to remain at the forefront of our strategy.
Thefirm, which is successfully making inroads into the Indian market, provides customers with a smart, end-to-end and premium door-to-destination mobility solution package with an aim to build the Indian e-mobility ecosystem.
In addition, the brand also launched its new website today, giving an in-depth understanding of its intelligent offerings across products and services.
Highlights
- India is a key market for KYMCO, says Allen Ko, Chairman – KYMCO
- Bullish on India, sets up a manufacturing plant with an annual production capacity of 200,000 units and establishing a 300-strong dealership pan India network
- Launches its revolutionary iFlow electric scooter at INR 90,000/-; also expands product category with a premium ICE technology range for scooters: “Like” and “X-Town”
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