*******************************************************************************Electric Scooter Industry in India:-
Two Wheelers sales Figures: -
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The potential of electric vehicles in this segment is massive, say industry executives, given that more than 17 million two-wheelers are sold annually in the country.
Electric Two Wheelers Sales figures in India: -*******************************************************************************
Electric two-wheeler sales is expected to double in FY18.
Some 4,50,000 electric two-wheelers were sold in India in the past eight years.
Over the past 10 years, just 4.4 lakh electric two-wheelers have been sold in India, a far cry from petrol two-wheeler sales numbers — over 18 lakh a month.
Japan’s Okinawa from entering It has sold 2,000 vehicles in just eight months of its launch.
About 23,000 units of electric two-wheelers, primarily scooters, were sold in a market of 17.58 million units in FY17.
Hero Electric plan to sell about 25,000 units in FY18.
Electric Vehicle Technology not fully Developed:-*******************************************************************************
In the passenger vehicle segment, while Mahindra & Mahindra makes and sells electric cars, technology to commercially develop full-size electric vehicles is still at an early stage even globally.
It will take some time for electric cars to be sold en masse.
Until 2015, India only had e2Ws which ran on lead batteries.
lead batteries could be charged only in a garage or a charging station, making it impossible for flat owners to use them.
Since FY15, lithium battery-based e2Ws are being sold, where batteries are portable and can be charged in any mobile phone socket.
Advantage of Electric Vehicls: -*******************************************************************************
With cost of li-ion batteries coming down, performance of products has improved and more and more manufacturers have started work in the segment, which will give more choices to the consumer
If the vehicle is used for 1,500 days over the five-year battery life and each day a litre of petrol is used, then it will result in saving petrol worth ₹1 lakh.
The government’s green subsidy on electric vehicles- electric cars and scooters.
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Research and Development in Electric vehicle Industry: -
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Hero MotoCorp, the world’s largest motorcycle maker by sales volume, is working on developing electric two-wheelers in-house at its Centre for Innovation & Technology in Jaipur.
Investment: -*******************************************************************************
Globally, Honda has been making investment for over two decades in electrification of its two-wheeler models
Hero MotoCorp’s strategic investment in electric two-wheeler startup Ather Energy
Hero MotoCorp had invested Rs 205 crore in Ather Energy in October 2016.
Ather Energy has raised $13M in 2 Rounds of funding from 3 Investors including Flipkart founders and Tiger Global Management.
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Upcoming Models: -*******************************************************************************
Chennai-based TVS Motor is also developing an electric scooter (codename U218).
Bajaj Auto has reportedly announced plans to launch a new brand, Urbanite, for electric vehicles that will be launched by 2020.
Bajaj also claims to be developing a premium motorcycle, an equivalent of the Tesla in cars.
Tork Motorcycles is planning to bring in an electric two-wheeler (codename P6X) early next year.
Ather Energy on its own is scheduled to launch India's first indigenously designed and developed electric scooter (S340) next year.
Challenges faced by the Industry: -*******************************************************************************
challenges on charging stations still remain.
lack of public facilities to charge vehicle batteries is a major worry.
lack of awareness about electric 2Ws.
price points are high compared to petrol two-wheelers. Despite this savings, the sales numbers for e2Ws are not looking up.
Today, these vehicles cost around ₹84,000, against petrol vehicles such as Honda Activa, which are available for ₹52,000 upwards.
With the lifestyle segment emerging in India, the aspirations of the youth are for bigger cc and more performance-oriented bikes.
Absence of financing of e-vehicles are major deterrents.
private investors say the volumes are too small to warrant investments.
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Players: -*******************************************************************************
Honda and Yamaha, which already sell electric two-wheelers in markets overseas.
Disadvantages: -
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There is a price difference of around Rs 30,000 between an electric scooter and one that runs on a conventional fuel.
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Advantages:-*******************************************************************************
Operating cost on electric two-wheelers is almost negligible, he added.
A new customer base is evolving and they are willing to shell out more.
prices are likely to keep coming down for lithium batteries.
Okinawa is working on an e-scooter that would run 200 km on a single charge.
Solutions: -
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need proactive public policy to boost solar-power charging points for electric scooters in urban areas. need to incentivise roof-top solar power for the purpose. To generate 1kwh of solar power, about 10 square meters of roof-top space is required. *******************************************************************************
Short form: -*******************************************************************************
electric two-wheelers (e2Ws)
Market Share: -*******************************************************************************
Hero Electric, which was about 70 per cent share.
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Features of this Industry: -*******************************************************************************
Okinawa Autotech, which plans to invest $40 million over the next three years, It is building a one-million-units-per-annum plant in Rajasthan. The company targets sales of 12,000 units in FY18 and has set an ambitious target of 100,000 units by FY19.
The Ather S340 has a top speed of 72 km per hour, a range of 60 km, and comes equipped with fast charging.
TVS is all set to launch a hybrid scooter in December followed by an e-scooter in March and reports suggest that Bajaj, too, is working on an electric motorcycle. Honda Motorcycle and Scooter India is working on an e-scooter model that would also be launched in the Indian market.
Hero MotoCorp, Honda Motorcycle & Scooter India, TVS Motor, Mahindra Two Wheelers, Yamaha and Bajaj Auto all have scheduled launches of electric two-wheelers from 2018.
Government Schemes Related to the Electric Vehicles :-*******************************************************************************
The National Electric Mobility Mission Plan (NEMMP 2020) NEMMP was announced by Indian government to incentivize use and production of electric vehicles (EVs) in India.
The plan is launched with a mission to mitigate adverse environmental impacts of vehicles and to enhance energy security.
EVs could have positive implications for national energy security and local air quality.
As per the Press Information Bureau, Government of India, Government aims to provide fiscal and monetary incentives to kick-start this nascent technology. With the support from the Government, the cumulative sale is expected to reach 15-16 Million by 2020. India aims to have seven million electric vehicles on the road by 2020.
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FAME India Scheme:-*******************************************************************************
FAME India – Faster Adoption and Manufacturing of Hybrid and Electric vehicles in India
– is a part of the National Electric Mobility Mission Plan 2020 of the Indian government in the Union Budget for 2015-16 with an initial outlay of Rs. 75 Cr.
Under this scheme, government announced that it will offer incentives on electric and hybrid vehicles of up to Rs 29,000 for bikes and Rs 1.38 lakh for cars.
As per the scheme, depending on technology, battery operated scooters and motorcycles will be eligible to demand incentives ranging between Rs 1,800 to Rs 29,000.
FEW Examples:-*******************************************************************************
Hero Electric Wave
Range: 100 km, Price: Rs. 54,454
Okinawa Ridge
Range: 80 km, Price: 48,443
Hero Electric E-Sprint
Range: 80 km, Price: Rs. 39,190
Range: 80 km, Price: 42,990
Indus Yo EXL
Range: 75 km, Price: Rs. 50,171
Hero Electric Optima Plus
Range: 70 km, Price: 49,188
Indus Yo Electron ER
Range: 70 km, Price: Rs.37,653
Hero Electric Cruz
Range: 70 km, Price: 37,390
Range: 70 km, Price: 41,873
Hero Electric NYX
Range: 70 km, Price: 41,946
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