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  • Ola Electric Mobility Limited IPO subscribed 4.26 times on Final Day

    Chennai, 06.08.24: The Rs 6,145.56 crore Initial Public Offering (IPO) of Ola Electric Mobility Limited was subscribed 4.26 times on the final day of bidding.

    The issue received bids of 1,98,14,05,530 shares against the offered 46,51,59,451 equity shares, at a price band of ₹72-76, according to the data available on the stock exchanges.

    Qualified Institutional Buyer Portion was subscribed 5.31 times. Retail Portion and Non-Institutional Investors Portion were subscribed 3.85 times and 2.39 times respectively, whereas Employee Portion was subscribed 11.66 times.

    Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, BofA Securities India Limited, Goldman Sachs (India) Securities Private Limited, Axis Capital Limited, ICICI Securities Limited, SBI Capital Markets Limited, and BOB Capital Markets Limited are the book running lead managers and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.

    Company Information

    Ola Electric manufactures EVs and certain core EV components like battery packs, motors and vehicle frames at the Ola Futurefactory. Its business focuses on capturing the opportunity arising out of electrification of mobility in India and also to export its EVs in select international markets in the future. It commenced the delivery of its first EV model, the Ola S1 Pro, in December 2021, followed by delivery of Ola S1 in September 2022, the Ola S1 Air in August 2023 and the Ola S1 X+ in December 2023.

    Within nine months of delivering its first EV scooter in December 2021, it became the best-selling E2W brand in India in terms of monthly E2W registrations on the VAHAN Portal of Ministry of Road Transport and Highways (“VAHAN”) according to the Redseer Report.

    Ola’s business model comprises of its R&D and technology platform with in-house design and development across EV technologies and components, adaptable manufacturing and supply chain platform, and D2C omnichannel distribution platform. Its model is vertically integrated across R&D and technology, manufacturing, supply chain, sales and service, and charging facilities.

    The current EV scooter Generation 2 platform is the base for the Ola S1 scooter models – Ola S1 Pro, Ola S1 Air, Ola S1 X+, Ola S1 X (2 kWh) and Ola S1 X (3 kWh). It plans to replicate the platform approach for its recently announced motorcycle range which comprises four models – Diamondhead, Adventure, Roadster and Cruiser.

    Ola has a Futurefactory, Gigafactory and a Battery Innovation Centre in Bengaluru, whereas it is in the process of building its EV hub in Krishnagiri and Dharmapuri districts in Tamil Nadu.


    Neel Achary

  • JSW MG launches several EV ecosystem initiatives at DriEV.Bharat event

    Hyderabad: JSW MG Motor India has launched a series of pioneering electric vehicle (EV) innovations at DriEV.Bharat. This event was organised by the company at Bharat Mandapam, New Delhi, in partnership with leading industry players from diverse automotive and EV ecosystem domains. This first-of-its-kind event reflects the unwavering commitment of the manufacturer to advancing EV technology and the faster adoption of electric vehicles along with building a robust EV infrastructure for a hassle-free ownership experience. The event featured the launch of–eHUB by MG, the Industry’s first and largest charging platform by an OEM; of Project Revive, focused on repurposing EV batteries beyond cars; of EVPedia, India’s first dedicated educational and knowledge platform for electric car users; the MG-Jio Innovative Connectivity Platform (MG-Jio ICP), which will be standard in all upcoming MG vehicles.

    Underscoring the company’s commitment to innovation and sustainability, the industry’s first charging platform, eHUB by MG was introduced at the event. This is intended to simplify the EV charging experience for customers nationwide by providing them with a single platform. The company also introduced Project Revive, an initiative in partnership with TERI, Lohum and BatX, aimed at repurposing EV batteries beyond cars to provide a second life as renewable energy storage systems for sustainable community applications. This initiative promotes a circular economy, a system aimed at eliminating waste and the continual use of resources through principles of reuse, repair, and recycling, and supports India’s clean energy goals. Reinforcing its commitment to enhancing consumer awareness and addressing their queries, JSW MG Motor India launched EVpedia—an industry-first dedicated EV education platform. This initiative provides reliable, accurate, and engaging information on EV technology, benefits, costs, and maintenance. By debunking myths and fostering informed decisions, EVpedia builds EV advocacy and promotes broader EV adoption.

    The carmaker also announced that all upcoming MG cars will feature the MG-Jio Innovative Connectivity Platform (MG-Jio ICP) as a standard inclusion. This is a technology stack which introduces several firsts, including the MG App Store for in-car gaming, entertainment, and learning, superior voice capability in six Indian languages, and a groundbreaking Home-to-Car functionality. At the event, a panel discussion amongst industry experts, such as EY and IIT was held about the long-term benefits of EVs.

    Gaurav Gupta, Chief Growth Officer at JSW MG Motor India, highlighted the company’s vision to redefine the future of electric mobility in India, stating, “DriEV.Bharat reflects our unwavering commitment to advancing EV technology and enhancing the user experience to accelerate EV adoption. With initiatives such as our unified charging platform, battery second-life project, EV education, and the MG-Jio ICP, we are empowering the industry as well as our customers with smarter, more sustainable choices.”

    A pioneer in India’s electric vehicle landscape, JSW MG Motor has successfully launched the country’s first internet electric SUV, the MG ZS EV, and the innovative Street-Smart urban mobility solution, the MG Comet EV. Committed to fostering a comprehensive EV ecosystem, the brand offers 6-way charging solutions and aims to install 1,000 community chargers nationwide. Through strategic partnerships with key industry players and initiatives like the MGDP and MG Nurture, JSW MG Motor has engaged with over 1,500 startups and collaborated with more than 50 colleges to drive EV education and skill development.

    eHUB by MG

    eHUB by MG is a one-stop solution for EV charging, simplifying the process of locating, reserving, and paying for charging stations. With access to the almost entire charging network of the country through partnerships with leading providers like Adani Total Energies Limited (ATEL), BPCL, Chargezone, Glida, HPCL, Jio-BP, Shell, Statiq, Zeon, and many others who shall be on-boarded soon, eHUB offers a seamless charging experience. Available in 11 languages and equipped with trip-planning features, the app provides a hassle free EV charging experience.

    Project Revive

    Project Revive is a pioneering initiative to repurpose used EV batteries in partnership with TERI and Lohum. The project extracts healthy battery components and builds energy solutions for use in schools and community centres. By extending the lifespan of EV batteries, Project Revive reduces waste and provides reliable power to underserved communities. The pilot at a Mukteshwar school demonstrates the practical impact of this innovative approach to environmental sustainability.

    EVpedia

    EVpedia is an industry-first initiative that provides relevant information on electric cars. This innovative platform goes beyond just explaining electric vehicle technology—it offers practical tools like the cost of ownership tools and calculators, a repository of government policies, and a collection of publications and research papers. Through interactive displays, educational videos, and live demonstrations, users can explore the benefits of electric vehicles. Additionally, users can interact with our EV expert ‘eVir,’ an AI-powered chatbot embedded in the site, for quick and easy answers to all their questions, making the EV adoption journey smoother and more accessible.

    MG-Jio Innovative Connectivity Platform (MG-Jio ICP)

    MG-Jio ICP is a unique collaboration between MG Motor India and Jio that redefines the in-car experience. This platform introduces industry-first features like the MG Store, transforming the vehicle into a hub for gaming, entertainment, and learning, voice commands in six Indian languages, and, for the first time in the automotive landscape, a Home-to-Car functionality. The superior MG-Jio ICP offers unparalleled convenience and accessibility.

  • JSW MG Motor India launches EV ecosystem initiatives at DriEV.Bharat • EVreporter

    JSW MG Motor India showcased its EV innovations at the DriEV.Bharat event held in New Delhi, organized in collaboration with automotive and EV industry partners. The event included a panel discussion with experts from EY and IIT on the long-term benefits of EVs. JSW MG Motor India Pvt. Ltd. was formed in 2024 as a joint venture between SAIC Motor and JSW Group.

    Key Initiatives Launched:

    • eHUB by MG: It is an EV charging platform that simplifies locating, reserving, and paying for charging stations. It partners with providers like Adani Total Energies Limited (ATEL), BPCL, Chargezone, Glida, HPCL, Jio-BP, Shell, Statiq, and Zeon, covering a wide charging network in India. Available in 11 languages with trip-planning features, the app aims to streamline the EV charging process.
    • Project REVIVE: Project REVIVE, in partnership with TERI, Lohum and BatX, repurposes used EV batteries to create energy solutions for schools and community centers. By extending battery lifespans, the project aims to reduce waste and provide power to underserved communities. A pilot at a Mukteshwar school demonstrates its practical impact.
    • EVPEDIA: It is a platform providing information on electric cars, including cost calculators, government policies, and research publications. It features interactive displays, educational videos, and an AI-powered chatbot, eVir, to assist users with EV-related queries and facilitate the adoption process.
    • MG-Jio Innovative Connectivity Platform (MG-Jio ICP): It is a collaboration between MG Motor India and Jio. It features the MG Store for in-car gaming, entertainment, and learning, voice commands in six Indian languages, and Home-to-Car functionality.

    Gaurav Gupta, Chief Growth Officer at JSW MG Motor India, highlighted, “DriEV.Bharat reflects our unwavering commitment to advancing EV technology and enhancing the user experience to accelerate EV adoption. With initiatives such as our unified charging platform, battery second-life project, EV education, and the MG-Jio ICP, we are empowering the industry as well as our customers with smarter, more sustainable choices.”

    As per the company statement, JSW MG Motor has launched India’s first internet electric SUV, the MG ZS EV, and the urban mobility solution, the MG Comet EV. The company provides 6-way charging solutions and plans to install 1,000 community chargers. It collaborates with industry players and works with over 1,500 startups and 50 colleges to promote EV education and skill development.

    Also read: SAIC Motor (MG Motor) and JSW Group finalise automotive JV

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  • PV sales rise 10% in July on new launches: FADA

    New Delhi: Passenger vehicle retail sales in India witnessed a 10 per cent on-year jump in July driven by new model launches and enhanced discounts, industry body FADA said on Monday.

    Total passenger vehicle retail sales rose to 3,20,129 units in July, as compared to 2,90,564 units in July 2023. “Dealers reported benefits from good product availability, attractive schemes, and a wider range of products,” the Federation of Automobile Dealers Associations (FADA) Vice President C S Vigneshwar said in a statement. Heavy rains, low consumer sentiment, and intense competition posed challenges but dealers managed to sustain sales through strong promotions and incremental discounts, he added. Vigneshwar, however, noted that the growth is accompanied by high inventory levels which has surged to a historic high of 67-72 days, equating to Rs 73,000 crores worth of stock. “This poses a substantial risk for dealer sustainability, necessitating extreme caution.

    FADA urges PV original equipment manufacturers (OEMs) to be vigilant about potential dealer failures due to these high inventory levels,” he stated. It is also crucial for the Reserve Bank of India to mandate financial institutions to implement stringent checks before releasing inventory funding, preferably requiring dealer consent or collaterals to prevent the escalation of NPAs, he added. Two-wheeler retail sales last month stood at 14,43,463 units, an increase of 17 per cent over 12,31,930 units in July 2023. The segment experienced notable growth due to a thriving rural economy, positive monsoon effects, and the government’s support programs enhancing rural incomes, Vigneshwar oted. “The introduction of new products and better stock availability also contributed significantly, despite market slowdowns in certain regions, excessive rains, and increased competition,” he added. Commercial vehicle retail sales grew 7 per cent year-on-year to 80,057 units last month.

  • EuroGroup enters Indian market | Acquires 40% stake in Kumar Precision Stampings • EVreporter

    On August 1, 2024, EuroGroup Laminations S.p.A. (EuroGroup) announced an agreement to acquire a 40% stake in Kumar Precision Stampings Private Limited (Kumar) for a total investment of Euro 19.9 million. Kumar, based in New Delhi, produces and distributes stators and rotors for electric motors and magnetic laminations for transformers, serving sectors including HVAC, railway, home appliances, pumps, and generators.

    The acquisition aims to expand EuroGroup’s global presence with a focus on the Indian market and transformer sector. It will utilize Kumar’s manufacturing base to boost competitiveness and explore new market segments. The investment is expected to enhance Kumar’s export capabilities and accelerate growth through EuroGroup’s sales network, R&D resources, and best practices. Additional benefits include cost synergies raw material purchasing, working capital optimization, and improved efficiency in capital expenditure and R&D spending. The move supports EuroGroup’s goals of market enhancement and stakeholder value.

    EuroGroup will acquire a 40% stake in Kumar by investing a total of Euro 19.9 million. This includes Euro 13.9 million for purchasing existing shares and Euro 6.0 million for a capital increase. The transaction values Kumar at a pre-money equity of Euro 43.8 million and an enterprise value of approximately Euro 58.3 million. The valuation considers a projected revenue CAGR of about 21% for the period 2022A-25E and estimates product revenues of Euro 54 million for the year ending March 2025, with an expected EBITDA margin of 9.5%-10.5%.

    For the fiscal year ending March 31, 2024, Kumar reported product revenues of approximately Euro 40 million and an EBITDA of about Euro 3.6 million. Kumar operates from four production facilities, one of which is nearing completion, and has over 40 years of experience in the industry.

    A shareholders’ agreement will be signed to establish Kumar’s governance post-transaction, allowing EuroGroup to appoint a majority of the Board of Directors. The transaction is anticipated to close by the end of the financial year 2024, funded through EuroGroup’s available cash. The deal will be discussed during the conference call for 1H2024 financial results on Friday, August 2, 2024, at 11:00 am CEST.

    Marco Arduini, CEO of EGLA, commented: “This acquisition represents a very significant and strategic step in the development path of EGLA. Our entry into the Indian market, which is currently among the countries with the highest long-term growth expectations, will allow us to broaden our international footprint and further strengthen our competitive edge in our reference sector, while seizing growth opportunities and operational synergies in a fast-expanding market. We believe that the partnership with Kumar will be yet another major lever in the acceleration of EGLA’s growth path, and that it will benefit all stakeholders.”

    Anil Kumar Gupta, Co-Founder & MD of Kumar, commented: “This strategic partnership unites our deep-rooted Indian market presence and cost efficiency with EGLA’s world-class manufacturing prowess, technical know-how and global footprint. By combining our complementary strengths and shared values, we will further strengthen our competitive edge and growth in India, while accelerating our joint expansion abroad. We are thrilled to embark on this exciting new journey together.”

    EGLA’s advisors included Mediobanca as financial advisor, Freshfields Bruckhaus Deringer for legal matters, and Shardul Amarchand Mangaldas & Co. for Indian law.

    Also read: Types of motors used in electric vehicles and future trends

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  • Top EVs to Buy in India

    As the Indian automotive industry continues to evolve and shift towards sustainable mobility, the demand for electric vehicles (EVs) is rising exponentially. New generation EVs are more dependable and appealing owing to the upgrades in batteries, inclusion of modern tech and advanced safety features which are adding significant values to the new EVs of 2024.

    Here is the list of the top electric vehicles including the best SUVs, sedans, and hatchbacks that you can purchase in 2024.

    Best EVs for 2024: Top electric vehicles in India

    1. Tata Nexon EV

    Driving Range: 450 kilometres

    Starting Price: 14.5 lakhs (ex-showroom)

    The Tata Nexon EV is among the top-rated electric cars in 2024. It is the best-selling EV in India, and also one of the most efficient cars in 2024. This compact SUV is easy to drive both in the city and on highways, thanks to its 40.5 kWh battery. It takes under 60 minutes to charge up to 80% with the fast charger. The highlight of this car includes keyless entry, a sunroof, infotainment system with Apple CarPlay and Android Auto.

    2. Tata Tigor EV

    Driving Range: 315 kilometres

    Starting Price: Rs 12.5 lakh (ex-showroom)

    This is another great value-for-money option from Tata Motors in the compact sedan EV segment. The Tigor EV offers impressive driving range, comfort and practicality. It also features different driving modes and an enjoyable driving experience. The battery can be charged up to 80% in just 60 minutes using a DC fast charger which is among the fastest. Priced under Rs 15 lakhs, the Tigor EV is also one of the best budget electric cars of 2024.

    3. Mahindra XUV400 Electric

    Driving Range: 350-450 kilometres

    Starting Price: Rs 15.49 lakh (ex-showroom)

    This is the first electric car from Mahindra in the compact SUV segment. Loaded with modern tech features, the XUV400 comes with a sunroof, a premium interior, and six airbags. The motor is powered by a 39.4 kWh battery and comes with fast charging capabilities which takes about 50 minutes to charge up to 80%. The XUV400 offers great performance and is among the best EVs of 2024.

    4. MG ZS EV

    Driving Range: 460 kilometres

    Price: Rs 18.98 lakh (ex-showroom)

    This is the flagship electric vehicle from MG Motors. The new ZS EV is one of the top-rated electric cars of 2024 as it is equipped with features such as spacious interior, long driving range, and advanced safety features like ADAS, blind spot monitoring, and airbags. The ZS EV also features a panoramic sunroof, large boot space, a 10.1-inch infotainment system, and a 360-degree camera. The ZS EV now has an updated 50.3 kWh battery which prolongs its driving range to 460 km.

    5. Tata Tiago EV

    Driving Range: 315 kilometres

    Starting Price: 10.19 lakhs (ex-showroom)

    The Tata Tiago EV is among the best electric hatchbacks of 2024. The motor is powered by a 26 kWh battery that offers a range of about 315 km on a single charge and it is also equipped with fast charging capability. It will take an hour to charge from 0 to 80% using the standard 15-amp socket. The key features of this car include driving modes, Harman music system, front airbags and more.

    Best Electric SUVs of 2024: Luxury with Performance

    1. Audi e-tron

    Driving Range: 500 kilometres

    Starting Price: 10.19 crores (ex-showroom)

    The unique blend of luxury and performance makes the Audi e-tron one of the best luxury electric cars of 2024. A single charge can propel this electric SUV up to 500 km. The e-tron comes with a 93 kWh battery which can charge from 0-80% in 23 minutes with the fast charger. The highlights of this car include a panoramic sunroof and a virtual cockpit. The e-Tron is both luxurious and environmentally friendly.

    2. BMW i4

    Driving Range: 590 kilometres

    Starting Price: Rs. 69.90 lakhs (ex-showroom)

    The BMW i4 is among the best electric luxury sedans to buy in 2024. The i4 can charge from 10% to 80% in 35 minutes because of its fast charging capabilities. It accelerates from 0 to 62 mph in under 4 seconds and offers a top speed of 200 kmph.

    The i4 offers a long driving range and a luxurious, driver-centric interior which makes it one of the best looking and most efficient electric cars of 2024.

    Best Electric Cars of 2024: EVs with the longest range

    1. Hyundai Ioniq 5

    Driving Range: 631 kilometres

    Starting Price: 16.49 lakhs (ex-showroom)

    The Hyundai Ioniq is among the most efficient long-range electric vehicles in India, boasting an astounding 631 km of range on a single charge. It is an all-electric SUV that is both dependable and efficient. The battery is 350kW which can be charged from 10% to 80% in just 18 minutes using a fast charger, which is another great proposition at this price point.

    2. Mercedes-Benz EQS

    Driving Range: 857 kilometres

    Starting Price: Rs. 1.04 crores (ex-showroom)

    The Mercedes-Benz EQS is one of the best-performance electric cars in India with the longest driving range in 2024. This is a high-end electric SUV that offers a range of 857 km on a single charge. It has a 107.8 kWh battery and a fast charger that can charge 0-80% in 30 minutes. The highlights include a panoramic sunroof, a Burmester sound system, an innovative MBUX infotainment system and many more.

    The bottom-line

    The electric vehicle market in India will continue to soar in the upcoming years. More than a dozen new electric cars are expected to hit the market by the end of 2024. The top 2024 electric car reviews suggest that Maruti, Tata, Kia, BMW and several other carmakers are looking to launch several new electric cars between 2024-25.

  • PCL and EMOSS India partner with Bluwheelz to retrofit Tata Ace LCVs • EVreporter

    Maharashtra-based Precision Camshafts Limited (PCL) and its electrification division, EMOSS India, have partnered with Bluwheelz, an EV logistics company, to retrofit Tata Ace Light Commercial Vehicles (LCVs).

    The collaboration between PCL and Bluwheelz aims to offer multiple benefits through the retrofitting of Tata Ace LCVs:

    • Lower Operating Costs: Electrifying the vehicles will reduce fuel and maintenance expenses, leading to savings for operators and drivers.
    • Modularity and Versatility: The retrofitted vehicles will be available in three variants, with ranges of 75 km, 120 km, and 250 km on a single charge, catering to various operational needs. The conversion promises a payback period of two years.
    • Reduced Emissions: Electric vehicles produce zero tailpipe emissions.
    • Enhanced Efficiency: Electric drivetrains provide better energy efficiency.

    Key Highlights of the Partnership:

    • Franchise Model for Fleet Operators: Bluwheelz’s franchise model allows fleet operators to electrify their fleets, supported by a business guarantee from Bluwheelz.
    • Driver-Cum-Owner Model: Individual driver owners can electrify their vehicles, serving Bluwheelz’s clients and expanding their business opportunities.
    • Expanding Reach: The partnership aims to target the PAN India retrofit market, starting with the North Indian belt and focusing on the B2C market to bring sustainable logistics solutions to a broader audience.
    • Stakeholder Participation: The announcement event saw the presence of nearly 25 potential customers, indicating interest and support for this initiative.

    The partnership between PCL, EMOSS India, and Bluwheelz aims to drive innovation and electrification in the logistics industry.

    Also read: Revfin, Bluwheelz and Kalyani Powertrain collaborate to retrofit N3 trucks for logistics

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  • Bacancy Systems gets CE certification for CCS2 charger controller • EVreporter

    Gujarat-based Bacancy Systems has received CE certification for its CCS2 Charger Controller, enabling its entry into the European market. The certification confirms the product’s compliance with European safety, health, and environmental standards, allowing Bacancy Systems to expand its presence in Europe’s electric vehicle market.

    “We are thrilled to achieve CE certification for our CCS2 Charger Controller,” said Krunal Patel, Co-founder of Bacancy Systems LLP. “This certification validates our commitment to quality and safety and positions us to better serve our European customers with innovative and reliable EV charging solutions.”

    The CCS2 Charger Controller is designed for modern EV charging infrastructure, featuring dynamic load management, secure commissioning, and a configurable stack for compatibility with various peripherals. With CE certification, Bacancy Systems plans to expand into Europe, starting with Turkey and Portugal. This move aims to provide customizable EV charging solutions to a broader European audience, supported by Bacancy’s customer service and technical support.

    “Europe represents a significant market for our products,” added Hardik Sheth, Co-founder. “Our expansion will drive our growth and contribute to the advancement of sustainable transportation solutions in the region.”

    Also read: Bacancy to manufacture 20,000 power module units annually for DC chargers

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  • Ather partners Amara Raja for advanced battery tech

    Hyderabad: Amara Raja Advanced Cell Technologies, a wholly owned subsidiary of Amara Raja Energy & Mobility (ARE&M), one of India’s leading battery manufacturers, has signed a Memorandum of Understanding (MoU) with Ather Energy. As part of this agreement, Amara Raja will collaborate with Ather to develop and supply NMC (Nickel Manganese Cobalt) and LFP (Lithium Iron Phosphate) Lithium-Ion (Li-ion) and other advanced chemical cells, produced locally at their upcoming Gigafactory in Divitipally, Telangana, according to a media release.

    It may be recalled that Amara Raja recently entered into an agreement with Gotion-InoBat-Batteries (GIB) that will facilitate it to localise current global LFP technology for making Lithium-Ion cells specifically suited for Indian conditions. The company also has an agreement with Jiangsu Highstar Battery Manufacturing Co. for NMC technology.

    With India focused on clean and green energy, the automotive industry is witnessing a big transition towards electric vehicles (EVs), particularly in the two-wheeler segment. Industry projections point towards EV 2W penetration to reach 40 per cent by 2030. Both Amara Raja and Ather have chartered out ambitious plans to tap into this growing market potential. Ather Energy has two manufacturing facilities in Hosur, Tamil Nadu, with one dedicated to battery production and the other to vehicle assembly.

  • BMW Motorrad India unveils new model

    Hyderabad: BMW Motorrad India has announced the launch of the new style ‘Passion’ for the BMW G 310 RR. This new style features an attractive Racing Blue Metallic paintwork, giving the motorcycle a particularly feisty look. The motorcycle is also available in style ‘Sport’ which is on offer currently.

    The BMW G 310 RR in style ‘Passion’ can be booked across all BMW Motorrad dealerships with immediate effect.

    The new model is a true road racing sports bike. Its performance, agility, precision and raring-to-go flair reveals racing attitude. The bike is the sportiest and most desirable sports bike in the sub-500 class. The motorcycle clearly showcases its S 1000 RR heritage. It proudly inherits the original road racing genes that have fascinated sports bike enthusiasts with unlimited adrenaline rush on tarmac. With the combination of a stunning superbike design and modern technology, it is the ultimate riding machine – your best companion on racetracks and city roads alike.