An Industry Note: The Market for Electric Two Wheelers in India
ICMR HOME |
In India, the market for E2Ws was at a
nascent stage and was estimated at around Rs. 4 billion in the
period April 2008 – March 2009, and expected to grow to Rs. 5
billion in the subsequent year. Along with a few reputed
manufacturers of two wheelers, many other small players were
competing in the market as it emerged as a high potential, new
segment among two wheelers. In addition to the domestic market
potential, E2Ws also offered export opportunities.
Electric Two Wheelers (E2Ws), Environmental pollution, Fossil fuels, Alternate fuels, Rechargeable batteries, Lithium ion battery technology, Lead acid battery, Charging stations, Motorcycles, Scooters, Mopeds, Subsidies, Indian Government Policy, Fuel efficiency, Tax exemptions, Battery replacement, Hero Electric, Electrotherm India, Ultra Motors, Tube Investments India Ltd., YO bikes, Society of Indian Automobile Manufacturers (SIAM), Ministry of New and Renewable Energy (MNRE), Indian Central Motor Vehicles Act and Rules, Hirsch report, Society of Electric Vehicles Manufacturers, Automotive Research Association of India, China
1] Weinert, J., et al., "The Future of Electric Two-Wheelers and Electric Vehicles in China." Energy Policy (2008), doi:10.1016/j.enpol.2008.03.008 (Accessed on March 14, 2009).