MUMBAI (NewsRise) -- Bajaj Auto's investment in electric cycle-sharing platform Yulu underscores the rush of conventional two-wheeler makers in India to gain a toe-hold in the growing electric-vehicle market.
Investment underscores strategy to back startups to test emerging market

Demand for two-wheelers has taken a beating in India amid rising fuel costs and vehicle prices. © Reuters
MUMBAI (NewsRise) -- Bajaj Auto's investment in electric cycle-sharing platform Yulu underscores the rush of conventional two-wheeler makers in India to gain a toe-hold in the growing electric-vehicle market.