Sales rose 147 percent year on year to hit a record of 104,845 units in May, as the government announced a subsidy reduction effective June 1
However, players say the segment should learn to live independent of subsidies. They point out that customers are now increasingly opting for EVs over ICE vehicles.
While OEMs and rental companies claim that these scooters have a speed of under 25 km/h and that they are exempted from regulations, officials say that the vehicles can easily attain speeds above 50 km/h.
As many as 14 E2W manufacturers are reportedly under the government’s scanner for allegedly claiming FAME-II subsidies in violation of minimum localisation norms
With the sustained demand for electric two-wheelers, industry analysts reckon that the market is set to expand further in the coming months.
Ola is a contender in the cab and electric two-wheeler markets. But cars are an entirely different ballgame in the world’s most competitive market, which has humbled MNCs with decades of experience
The company is keen to regain lost market share, having slipped to fourth position from being the third-largest player.
The total number of electronic two-wheelers sold last month was almost double the number of units sold during February 2022 at 35,709 units, and just a notch above 64,595 units sold in January 2023.
Industry body the Society of Manufacturers of Electric Vehicles feels the number of two-wheeler electric sales for this year are underwhelming and could have been much higher.
The company has no plans to get into manufacturing batteries to power electric two-wheelers, preferring to leave that to specialists that spend thousands of crore rupees on research and development every year.
The Gurugram-based start-up, which provides e-scooters for last-mile deliveries, is looking to expand to Mumbai, Pune, Jaipur, Hyderabad, Calcutta, Chennai, and Ahmedabad, among others. It is in the final stages of raising Series B funding of $25-30 million
Industry observers say the surge is largely on the back of multiple product rollouts, enhanced production capacity, wider range of options and the festival season demand
However, Munjal, the CMD of Hero MotoCorp views the company’s relative weakness in the domestic two-wheeler market as an opportunity to scale nationally and globally
The Vida-branded e-scooters, which have been developed at the Hero Global Centre of Innovation and Technology (CIT) in Rajasthan, in association with Hero Tech Centre in Germany, will be available in three cities – Delhi, Bangalore, and Jaipur.
The police have filed a case of accidental death. "Prima facie, the battery exploded due to excess heating," an officer said.
The government had earlier mandated new EV testing norms from October 1, 2022
The electric two-wheeler maker said sales are climbing because of pent-up demand
In a regulatory filing, the company said that "a new era in mobility is about to begin" alluding to an event under its Vida brand on October 7, 2022.
The Apollo Amperion range of tyres are targeted at the electric passenger vehicle segment, and the WAV range are meant for two-wheelers. Both products will be rolled out from the company’s facilities in Tamil Nadu and Andhra Pradesh.
Bajaj Auto Managing Director Rajiv Bajaj on Friday questioned the underlying manufacturing process of electric vehicles in the wake of their rapid rise and a string of fire accidents in recent years.
40 electric scooters of Jitendra EV caught fire after being loaded in a transport container in Nashik, reported CNBC-TV18
Are India’s challenging climatic conditions to be blamed for the recent spate of battery fires? The truth is far more complex, according to experts.
A primer on how lithium-ion batteries work and what factors can increase the risk of flammability.
Ola has said that it is investigating what caused the fire. The company added it is in touch with the vehicle’s owner, who is safe.
Ola Electric is looking to build its own cell technology and manufacture Li-ion cells in India at scale, group CEO Bhavish Aggarwal has said