Page 2 - E-scooter Sales

Govt demands e-scooter makers return $60 mn aid for using China parts

It turned out that some manufacturers were importing ready-to-use parts, mainly from China, and thus had little control over the quality of their end products

E-scooter maker Ather readies new models, exports after subsidy cuts

India's electric scooter market is small but growing, with e-models accounting for 5% of total scooter and motorcycle sales in the last fiscal year against a government target of 70% by 2030

Electric two-wheeler sales get recharged as subsidy cut pain eases

Average daily sales in the first 17 days of July double to 1,702 units from 852 units during the same period in June

Ola Electric founder Bhavish advances plan for IPO as e-scooters take off

The company, whose backers include SoftBank Group Corp. and Tiger Global Management, has become leader in India's electric-scooter market with a 38% share

TMS Ep459: Electric two-wheelers, Gurugram realty, MFI stocks, WhatsApp

Can E2Ws survive without subsidies in India? Is Gurgaon the hottest property market? What's fueling the rally in microfinance stocks? How can you silence spam calls on WhatsApp? All answers here

Effect of subsidy cut? Daily e2W sales decline 62% in June, so far

Though industry players feel the subsidy cuts will help the sector in the longer run, e2W players who have raised the prices of their vehicles are worried about their near-term future

Simple Energy begins delivery of e-scooter Simple ONE in Bengaluru

Electric vehicle maker Simple Energy has started delivering its first e-scooter Simple ONE to its customers in Bengaluru on Tuesday, almost 22 months after its unveiling. The company unveiled its maiden offering on August 15, 2021, but launched it officially on May 23 this year at Rs 1.45 lakh (ex-showroom), around Rs 35,000 higher than the price it had announced at the time of pre-bookings. Announcing the commencement of deliveries in a statement on Tuesday, the company said it plans to facilitate deliveries in a phased manner starting from Bengaluru. "We have commenced the deliveries of the Simple ONE, starting with customers in Bengaluru. We have created a holistic product that is both sustainable and an efficient transportation option for our customers," Suhas Rajkumar, Founder and CEO of Simple Energy, said. The company said it is working closely with authorised dealers to ensure timely deliveries and efficient after-sales support and it plans to expand its retail footprint to

SMEV urges Centre to levy additional green tax on ICE two-wheelers

The Society of Manufacturers of Electric Vehicles (SMEV) has called upon the government to levy an additional green tax on two-wheelers with internal combustion engine to incentivise EV adoption and help in the reduction of pollution creating crude oil imports. The Green tax would also rationalise the expected drop in sales of EV on account of reduction in subsidies starting this month, the industry body representing electric vehicles said in a statement. SMEV believes that an increase in taxes to the tune of 100 basis points on traditional polluting ICE 2-wheelers will be required to fund subsidies for electric two-wheeler vehicles and put the FAME scheme back on track, it added. SMEV Director General Sohinder Gill said it is time that the EV sector is allowed to compete at par with ICE vehicles. "While we are tackling awareness and adoption issues as an industry, the biggest hurdle is the cost of ownership as India is a price sensitive market. "Additional Green Taxing of ICE ...

Hero MotoCorp hikes price of e-scooter VIDA V1 Pro by Rs 6,000 from June 1

The country's largest two-wheeler maker Hero MotoCorp has increased price of its electric scooter VIDA V1 Pro by around Rs 6,000 in order to offset the impact of curtailed subsidy structure on electric two-wheelers coming into effect from June 1. The company's flagship electric scooter VIDA V1 Pro will now be available at Rs 1,45,900 including FAME II subsidy and portable charger. This is an increase of around Rs 6,000 from the earlier pricing. When contacted, a company dealer confirmed the development and noted that the two-wheeler maker has absorbed the major impact of the reduction in subsidy under FAME II effective June 1, and passed on only a small fraction of the additional cost to the prospective buyers. A comment from the company could not be ascertained immediately. For electric two-wheelers, the maximum subsidy cap, which was 40 per cent of the ex-factory price, has been reduced to 15 per cent by the Ministry of Heavy Industries. As per the industry sources, the FAME II

Simple Energy launches 'India fastest' e-scooter with 200 km range

Bengaluru-based raising funds for its product that has got advance bookings for more than 100,000 units in 18 months

Ola Electric and Ather Energy's e-scooter prices to include the charger

The two companies are complying with a direction from the Department of Heavy Industries, which said failure to do so could result in the suspension of the subsidies they receive on each scooter

E-scooter companies likely to offer cheap chargers to meet FAME norms

The cost of the slow charger will be included within the mandatory price cap for availing the FAME 2 subsidy

Delhi govt to start e-scooter service soon, Dwarka to be first stop: CM

Delhi government will soon start an e-scooter service to address the last mile connectivity issues, Chief Minister Arvind Kejriwal announced on Saturday. These scooters will be self-driven, and will last for 60 kilometres in one charge, he said while addressing a press conference. The project will initially be started in Dwarka which has no metro stations or bus stops. Subsequently, other locations with high footfall will be identified, he said. "We have improved the public transport system, inducted more buses and now with this e-scooter facility, we will address the problem of last mile connectivity," he said.

Hero MotoCorp starts deliveries of e-scooter VIDA in Delhi; aims expansion

The country's largest two wheeler maker Hero MotoCorp on Wednesday said it has commenced deliveries of its electric scooter VIDA V1 in Delhi after having started the process in Bengaluru and Jaipur. The company said it is planning rapid expansion of its sales and charging network across multiple cities coinciding with the start of the sales process. "We have completed the first phase of our plan with commencement of deliveries in all three cities...Our next target is to expand our sales and charging network in India and global markets," Hero MotoCorp Head Emerging Mobility Business Unit (EMBU) Swadesh Srivastava said in a regulatory filing. Hero MotoCorp had launched VIDA V1 in October last year in two variants Pro and Plus. VIDA V1 competes with the likes of OLA S1 Pro, Ather 450X and TVS iQube.

Hero MotoCorp commences delivery of electric scooter VIDA V1 in Jaipur

Hero MotoCorp on Sunday said it has commenced deliveries of its electric scooter VIDA V1 in Jaipur with plans to introduce the brand in many other locations this year. The country's largest two-wheeler maker had earlier commenced deliveries of the model in Bengaluru. "We are now gearing up to expand our presence and further penetrate the market. Deliveries will next begin in Delhi," Hero MotoCorp Head Emerging Mobility Business Unit (EMBU) Swadesh Srivastava said in a statement. The company aims to propagate clean mobility through a seamless and hassle-free customer experience through an omni-channel approach, he added. VIDA currenty has experience centres in Bengaluru and Jaipur, and pop-up stores in Delhi-NCR, where customers can test ride VIDA V1. Deliveries in Delhi are expected to begin soon. Hero MotoCorp had launched VIDA V1 in October last year in two variants Pro and Plus. VIDA V1 competes with the likes of OLA S1 Pro, Ather 450X and TVS iQube.

Electric two-wheeler sales surge 300%, breach 600,000-mark in 2022

In the first 9-months of the FY23, 506,000 2-wheelers sold

E-two-wheeler sales ride past 500,000-mark in 2022, penetrate 4% of mkt

See big action next year amid a few rough patches on the road

Ola Electric launches third software update for its e-scooter customers

Upgrade will give vehicles more than 50 features and improvements, says company

Not worried about being late in launching e-scooter: Yamaha India Chairman

Eishin Chihana tells Business Standard that his company wants to ensure quality and safety first

Ather Energy, Greaves Cotton exit EV association SMEV, choose Siam

SMEV was set up primarily for electric two-wheeler players and start-ups in this space. Its membership restricts the entry of companies that have ICE operations and use petrol