34 new electric two-wheeler models launched in the last 2 years
In the last two years, about 14 new electric two wheeler models with speed under 25 kmph and 20 models with a top speed in the range of 40-147 kmph were launched. However, the market didn’t see any new entry with speed limits of 25-40 kmph.
As per FAME 2 guidelines, only the E2Ws with speed higher than 40 kmph are eligible for incentives. This could be the reason why the majority of players are focussed on E2Ws with speed higher than 40kmph.
Key E2W models available in India
Source: Company websites, JMK Research
While Ather, Bajaj, TVS, Revolt, NDS Eco Motors, Ultraviolette are betting on high speed vehicles. BattRE, Electrotherm, and Tunwal are operating in low speed segment. Ampere, Hero Electric, Okinawa, Evolet, PureEV have products in both segments.
Additionally, launch of 5 new electric two wheeler models with speed over 100 kmph, by Hero Electric, Tork, Emflux, and Evolet is contemplated in next 6 months.
Click here to download our “E2W India Market Outlook Report, May 2020“