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How govt will revive Scooters India which gave India it’s favourite Vikram auto rickshaw

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By Newsgram Staff Writer

The government of India is planning to revive Scooters India Limited which manufactures country’s famous three-wheeler auto rickshaw which in many parts of the country is also known as Vikram.

Minister of State, Heavy Industries and Public Enterprises, Shri G.M. Siddeshwara in a written reply to Lok Sabha announced about the revival of Scooters India Limited. Following the order of BIFR in Miscellaneous Petition filed by the Company, sanctions have been issued for release of Rs. 20 crores as interest-free plan loan for working capital and for Rs. 31.90 crores (out of Rs. 70.38 crores as approved by Government for infusion as equity for capital expenditure). Sanctions have also been issued for conversion of plan/non plan loan in to equity and waiver of interest.

A plan involving fund/non-fund based support to Scooters India Limited was approved in 2013 by the Government for revival of the company.

Fund/non-fund based support includes provision of Rs. 20 crores as interest free plan loan for working capital, infusion of Rs. 70.38 crores as equity for capital expenditure, conversion of plan/non plan loan of Rs. 85.21 crores into equity and waiver of interest of Rs. 26.37 crores.

History of Scooters India

In 1975, company started its commercial production of Scooters under the brand name of Vijai Super for domestic market and Lambretta for overseas market. It added one more wheel to its product range and introduced three wheelers under the brand name of VIKRAM/LAMBRO. However, in 1997, strategically, the company discontinued its two-wheeler production and concentrated only on manufacturing and marketing of 3 wheelers. These three wheelers have become more relevant in the present socio-economic environment as it transports goods and passengers at least cost.

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Uber Partners with Bajaj to Launch Bajaj Qute in Bengaluru

The Bajaj Qute is essentially a driver-plus-three-passenger-quadricycle - a four-wheeled vehicle

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Uber, Bajaj, Auto
According to the company, Qute's low running cost makes it suitable for daily commuting and it is easy to drive. Pixabay

Ride-hailing giant Uber on Thursday announced partnering with Bajaj Auto to introduce its Bajaj Qute passenger quadricycle in its fleet of UberXS services.

The Bajaj Qute is essentially a driver-plus-three-passenger-quadricycle – a four-wheeled vehicle that’s smaller and lighter than a passenger car.

“We are delighted to partner with one of India’s most trusted names, Bajaj Auto, to launch Bajaj Qute on UberXS in Bengaluru. At Uber, we constantly work towards transforming the mobility landscape of cities, with technology at the heart of our solutions,” Nandini Maheshwari, Head, Business Development, Uber India and South Asia, said in a statement.

“This partnership is an extension of Uber’s commitment towards lowering transportation costs, enhancing asset utilisation and improving rider convenience.”

Uber, Bajaj, Auto
Ride-hailing giant Uber on Thursday announced partnering with Bajaj Auto. Pixabay

According to the company, Qute’s low running cost makes it suitable for daily commuting and it is easy to drive because of dash mounted sequential shift gears.

All units available as UberXS rides would be powered by the eco-friendly CNG fuel option, which provides a mileage of 43km/kg.

UberXS is a brand-new category in the India region and would initially offer Bajaj Qute exclusively in Bengaluru.

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Uber’s riders would be able to see UberXS on the app starting Thursday and it would be available in Indiranagar, Kormanagala, HSR Layout and parts of the outer ring road in Bengaluru. (IANS)