In FY17, 17.6 million two wheelers were sold out of which 5.6 million (32%) were scooters. Scooters have been growing at a CAGR(compounded annual growth rate) of 17% against a 2% growth in motorcycles. The forecast for next 5 years in 12% CAGR for scooters. Out a total forecasted market of two wheelers at 27...Continue Reading
Tork Motorcycles, a startup showcased an electric motorcycle few years back but haven’t been able to commercialise. Another startup Emflux India is showcasing a sports E-Motorcycle in Auto Expo, however an affordable E-Motorcycle is still some years away. Electric Motorcycles need similar torque and speed as the petrol one to succeed in the market. At...Continue Reading
At present there is only one large player Hero Electric, one of the group companies is in the electric two wheeler business for the last 10 years. TVS is most likely launching their Jupiter IC engine 2W in the electric version in few months. HeroMoto may launch e-Duet this year and Leap next year. Bajaj...Continue Reading
There is nothing really on the ground. All put together there would be less than 300 public charging stations in India, most of them erected by the private players for their captive use or as demonstration units. Fast chargers are still only in few numbers as samples / demo units. Some shopping malls, commercial establishment...Continue Reading
It’s neither likely nor practical to think that all new vehicles on Indian roads will be electric by 2030. Freight movement on roads, Trains can certainly become all electric by 2030. Heavy construction and Agriculture machinery will continue to be on IC engines for longtime to come. The most optimistic estimates for buses and cars...Continue Reading
As of Jan 2018, there are less than 5000 cars, around 200 buses and 400000 electric scooters and 10000 electric cycles. Out of these around 40000 electric scooters, 150 buses and 2000 cars were added in 2017 itself. 1 million plus E-Ricks (25km/hr speed 3 low quality wheelers) are said to be on the Indian...Continue Reading
