How the electric bike market in India will improve?

India has a large business in cycles and petrol bikes. Electric bikes come under middle segment and India is seen as future hub for electric vehicles business. Market is expected to rise by 100% this year and then 200% in the consequent years. But in order to realize this trend, we need to collectively work on the following points.

1. Strict adherence to the quality practices and should meet the automotive standards. Customer should be happy to buy using his hard earned money.

2. Entrepreneurs should take up the projects to manufacture e-bike components i.e. Battery, motors, controllers, chargers, converters, wire harness, chassis etc.

3. Best after sales service will attract the end user. Spare parts should be available easily.

4. Government should give subsidy to EV companies.

Read full news @ http://evhub.in/events/2011/02/how-the-electric-bike-market-in-india-will-improve-2/

Yamaha mulls electric 2-wheeler for India; 2 new bikes in 2011

New Delhi, Mar 6 (PTI) Japanese auto giant Yamaha today said it might consider launching an electric bike in the fast growing Indian two-wheeler market to offer an alternative mode transportation.
The company''s wholly-owned subsidiary, India Yamaha Motor, is also developing an India-specific scooter that will hit the roads in the "near future". Besides, it will launch two new bikes in the country in this year.
"For rising fuel prices, electric bike is a good option.
Currently we are selling electric bikes in Japan and Europe.
There is a possibility for the Indian market for introducing these products," India Yamaha Motor Director (Sales and Marketing) Jun Nakata told PTI.
He, however, did not share details like specifications and when the firm was likely to launch the products in India.
Last year, the company had said it would focus more on India with more investments and aimed to have 10 per cent of its total global sales from the country within the next 3-4 years.
When asked about its plans for the scooter segment, Nakata said: "We are preparing to enter the scooter market.
The product is under development in Japan and it will be an India-specific product."

Read this article @ http://www.evhub.in/news/349#349

Petrol hike giving a way for electric bikes in India

Public Sector Oil companies has increased the petrol prices by Rs.2.5 recently. Petrol prices has increased by Rs.10 in last 7 months which is nothing but 22% increase. This is a threat to our economy and automobile sectors. Interestingly this outcome has given a great opportunity for electric vehicle sector to stand and speak their advantages i.e. noiseless, smoke-free drive. Currently the total e-bike industry in India constitutes of less than 5% of automobile sector and looking for a positive market trend. No doubt this is an optimistic change for electric vehicle industry who are looking for a break in their slow moving business.

In addition, government has given subsidy to all electric vehicle manufacturers under SMEV (society of manufacturers of electric vehicles) and fueling its rise. This subsidy will be of Rs.4000-Rs.5000 for electric two wheelers and Rs. 1 lakh for electric cars.

Infact due to the recent hike in petrol charges, the per km cost usage for a petrol bike has risen more than a rupee now. Hence as this trend continues, the petrol will become dearer and per km usage will increase. On the other hand the per km cost of using sealed lead acid battery based electric bike is around 50 paise( including the battery replacement cost for 20,000 km). Hence electric bikes are competitive than its petrol counterparts.

If we foresee the future, electric bikes will be at their high volumes due to the rising trend of petrol world wide.

Indian market for electric car still immature

Presently the demand for electric car in India is still quite small. As per  industry estimates, less than 5% cent of the passenger car market in India would make up electric cars for the next 5-7 years , at 1,75,000.

Maruti Suzuki, India’s biggest passenger car producer, had displayed the SX4 hybrid and an electric car on the platform of its newly introduced Eeco.

In fact, Maruti is also building some demo cars, both hybrids and EVs, for the coming Commonwealth Games and it thinks these vehicles could be used for later development of EVs.

Read this article @ http://www.evhub.in/news/64

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Ashwath Electric listed in EVHUB.BIZ

Ashwath Electric  585,2nd cross,5th main, Hanumanthanagar, Bangalore 560019,Karnataka.India ashwathelectric@gmail.com under http://www.evhub.biz/india/motors and the page is http://www.evhub.biz/ashwath-electric