Press release
India electric scooters and motorcycles market has been the leading player in the historic period
Explore Full Report Description At: https://www.psmarketresearch.com/market-analysis/india-electric-scooter-and-motorcycle-market
The Indian government is supporting the electric vehicles market by providing subsidies on the purchase of electric cars and two-wheelers. Subsidies and regulatory environment can go a long way benefiting the sales of electric vehicles. For instance, a total of 2,000 electric cars were sold in India in 2015. However, government extension of subsidy to 2018 and announcement to convert all current car fleet to electric by 2030 will lead the electric car sales in India rise multifold. Subsidies have also helped the market by making electric scooters and motorcycles more viable for the customer. Under Faster Adoption and Manufacturing of Electric Cars, the government has introduced subsidy up to $449.6 on purchase of electric scooters and motorcycles based on the battery size, making electric two-wheelers more affordable for the customers.
Some of the major players in India electric scooters and motorcycles market includes Avon, Lohia Auto, and Electro-therm which offers electric scooters with a brand name Yo Bikes. The remaining players in this industry are small and privately-owned companies, such as Ampere Vehicles.
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INDIA ELECTRIC SCOOTERS AND MOTORCYCLES MARKET SEGMENTATION
By Product
• Scooter
• Motorcycle
By Battery Type
• Sealed Lead Acid
• Lithium-ion
By Voltage
• 36V
• 24V
• 48V
• 60V
• 72V
By Technology
• Plug-in
• Battery
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