Yamaha to launch its electric vehicle in India only after seeing a stable roadmap from the government
- Yamaha is developing electric scooters for the Indian market
- The electric scooter will be launched after reviewing government policy
- A stable roadmap will lead to Yamaha’s electric scooter launch in India
AdvertisementJapanese automobile manufacturer, Yamaha recently shared its plan on developing an EV scooter for the Indian market. Now a new report suggests that the company will only think about the launch once the government's policy for EVs is settled, and it has more clarity on their roadmap in the country. The automobile maker essentially wants to be sure of how the government is planning to set up the infrastructure required for EVs, which includes ample charging stations, battery swapping hubs and similar.
Yamaha had revealed that it is developing a new platform for EVs at its headquarters in Japan, that will be used for making the EVs for Indian and global markets. However, Yamaha has not revealed details about the launch yet.
As per a report from Autocar India, Yamaha Motors is expecting a stable roadmap from the government for the adoption of EVs in India before launching its electric vehicle. They are looking at the infrastructure, the facilities for EVs and are confident that the government is serious about EVs, which was seen from the revised FAME II policy.
Fame II scheme aims to promote electrification of public and shared transportation through subsidies. About 7090 e-buses, 5 lakh e-3 wheelers, 55000 e-4 wheeler passenger cars and 10 lakh e-2 wheelers are likely to be supported through subsidies that will cut the price of EVs in India.
The electric scooter market has seen considerable growth in recent years and is expected to grow as biggies like TVS and Bajaj have already launched their EVs while Hero and Suzuki have also announced their 2-wheeler EVs. Also, there are some promising EV startups like Ather that have shown promising consumer response in Tier 1 cities.
Yamaha has been manufacturing EC-05 for the Taiwanese market in collaboration with GoGoro. GoGoro is a Taiwanese platform that has a wide battery-swapping network. EC-05 will not be launched in India as GoGoro has partnered with Hero MotoCorp for the battery swapping network and the development of new scooters based on GoGoro platform.
Yamaha recently unveiled Fascino 125 Fi Hybrid in India, which is available in both disc and drum brake versions. It features a ‘Smart motor-generator (SMG)’ that adopts the hybrid system and provides smooth acceleration and a quieter engine start.
Popular on BI
- I just got laid off from my dream job at Tesla without warning. I feel like my life got uprooted so a billionaire could save some money.
- Four-days work week, full and final settlement within 2 days of exit — new changes at workplaces to reflect from July 1
- Mark Zuckerberg told Meta staff he's upping performance goals to get rid of employees who 'shouldn't be here,' report says
- Antonia Wade, PwC's global CMO, tells Insider how B2B spending changes in tough economic times
- Ban on single-use plastic kicks in across India as the country recognises the choking impacts of plastic waste on the environment
- Bank FDs will draw down from mutual funds if interest rates go up to 7.5-8%, says report
- Best smartphones under ₹40,000 in India
- Are we worse off than we were in 2008? Foreign investors seem to think so