The Future Is Electric

Favourable Government Policies

Customer adoption of Electric-2W is one the rise, with expectations of high-quality products, differentiated experiences as compared to conventional offerings, awareness to contribute towards sustainability and an aspiration to be a part of this evolutionary journey.

The central government has announced a number of promotional measures in the previous ten years, including tax incentives for electric vehicle owners, public EV charging infrastructure development, and so on.

2010

2010

The government of india declared a scheme with an outlay of INR950 billion to incentivize OEM’s.

2012

2012

The incentive scheme withdrawn causing a 70& drop in EV sales.

2013

2013

National Electric Mobilty Mission Plan (NENMP) 2020 launched by the Government of India.

2015

2015

FAME-I Scheme launched on 1st April, 2015 till 31st Mrach, 19 by the Dept of Heavy Industries
Allocated total Financial outlay of INR529 billion

2019

2019

FAME-II commenced from 1st April,2019. The union cabinet approved an outaly of INR 100 billion.
Taxes reduced to 5% on Evs and Electric Chargers.

COMPARISSION 2W

Electric vs Petrol

Parameters
  • Pricing
  • Fuel cost
  • Operational Range
  • Convenience
  • Maintenance
 
Electric-2W

  • Pricing

    Electric-2W with lithium batteries are expensive. Petrol-2W BS-VI prices and Govt. increased incentive on Electric-2W to Rs 15000/kwh has substantially reduced the price difference between the two.

  • Fuel cost

    100% charged Electric-2W requires runs 3-4 units of electricity which costs Rs 5- 8 /unit resulting in running cost of only 15-20 paise /km.

  • Operational Range

    The average daily running of 2W commuter is only 30 km. Electric-2W with range of 100-120 km can easily run 3-4 days on a single 100% charge.

  • Convenience

    An Electric-2W which can be charged at home needs couple of hours for a full charge.

  • Maintenance

    Electric-2W are cheaper to maintain with no motor oil, schedule spark plugs, timing belt changes. The battery, motor, electronics do not require regular maintenance replacements.
Petrol-2W

  • Pricing

    The reason for buying decision in favor of Petrol-2W is their availability across price points and engine capacity. However, with increasing petrol prices, more buyers are switching to Electric-2W.

  • Fuel cost

    Petrol-2W on an average offers 50-60 Km/L resulting in running cost of approximately Rs 2/km as the cost of petrol is approx. Rs 100/L).

  • Operational Range

    Petrol-2W with average mileage of 50-60 km/L can travel 250-300 km (average tank capacity is 5 L)

  • Convenience

    Fueling a petrol bike is much easier as it takes a few minutes at the fuel station.

  • Maintenance

    Petrol-2W must be serviced regularly, and worn-out mechanical parts have to be replaced.
2W Scooter Modal
  • Electric-2W are very costlier than Petrol- 2W.
  • Electric-2W run out of charge quickly.
  • There's no such thing as a fast-charging Electric-2W.
  • Lithium batteries and electric vehicles in general are dangerous.
  • A proper charging infrastructure is necessary for widespread electric vehicle adoption.

Myth

  • Petrol-2W BS-VI prices and Govt. incentive on Electric -2W, have resulted in considerable reduction of price difference between the two.
  • An Electric-2W can easily run for 3-4 days with a single charge of 100%.
  • Electric-2W can be easily charged at home. DC charging station can charge in 1-2 hours only.
  • Electric-2W are safe, and lithium battery BMS system are now as per the latest safety standard prescribed by the Govt.
  • Electric-2W apart from charging at public charging stations can also be charges at home with a proper charger.

fact

Electric Two WHEELER

Challenges with Market

Public Awareness

Public awareness on Electric-2W is low in terms of its benefits, subsidies, charging methods, tariff, battery life, running & maintenance costs. Buyers continue to prefer petrol-2W due to lack of adequate information from common media. e-Amrit web portal by Niti Aayog is welcome move in this regard.

Safety

EV battery safety standards to be followed by all OEMs have been developed and mandated by the Ministry of Road Transport & Highways. These relate to battery cells, BMS, on-board charger, battery pack design, and thermal propagation due to internal cell short circuit.

Range Anxiety

HS Electric-2W store more energy and thus offer longer driving range. A high-speed battery capacity of 3.97 kilowatt-hours can cover 180 km on a single charge. Petrol-2W can run 300 km in a single full fill with tank capacity of approx. 5L.

Financing

Higher interest rates, shorter loan tenure, lower penetration and larger EMI are critical issues facing the Electric-2W customers. NBFC, PSU banks focus is still on large volume Petrol -2W.

Battery Disposal

Electric-2W lithium batteries contain toxic substances like manganese, nickel, lithium, cobalt and require safe disposal at the end-of batteries life. Such batteries after their useful self-life can be used for electronic goods powered by lithium-ion batteries, rural electrification, to light up street lights or backup power etc.

Lack of Service Options

In Electric-2W, technology is something our informal service network has no knowledge of. Auto-OEMs have extensive service networks across India, their Electric-2W network for service and spare availability is yet to reach a substantial level.

Lack of Standardization & market Integrity

In India, EVs has different charger connector types that creates problem with supply of EV charging stations. Govt. focus on just one type would result in faster manufacturing, reduced lead times, creation of charging network system that is compatible with all EVs. There is also lack of integrity as manufacturers and technology are ready but the connectivity especially the intangible capabilities with regard to market and customers is lacking for Electric-2W.

TWO WHEELER ELECTRIC VEHICLE

Our Solutions

Awareness on Green Mobility and Future Sustainability

We organize public events to offer test ride, showcasing Electric-2W &3W, giving touch & feel to our esteemed consumers. These campaigns help to dissipate the following:
  • How Electric-2W reduces carbon footprint with zero tailpipe emissions whereas, toxic emissions from Petrol-2W lead to adverse effects on public health.
  • Reduce noise pollution as Electric-2W are very quiet vis-à-vis Petrol-2W.
  • Green mobility minimizes air pollution & greenhouse gas emissions to save our environment, whereas use of scarce fossil fuels by Petrol-2W is destroying our planet.
  • With reduction in fuel dependency, Govt. can utilize the import cost for the economic development leading to a sustainable future.
  • Reduced environmental impact by charging Electric-2W with renewable energy-solar, wind etc.

Cost of Acquisition & Operations

Electric-2W and more economical than their Petrol counterparts because of the following reasons.
  • Price diff. between HS-Electric-2W Vs Petrol 2W-BS-VI has reduced substantially.
  • The GST on Electric-2W is only 5% vis-à-vis 28% on Petrol-2W saving thousands.
  • Govt. Fame-II incentive of Rs 15000/KW results in the saving of Rs 30000-45000/veh.
  • Section 80EEB allows a deduction of Rs 1.5 lakh on loan interest of Electric-2W.
  • As per the Budget 2021 proposal, personal vehicles will be levied a ‘green tax’ after 15 years, whereas electric and hybrid vehicles are exempted from the same.
  • EVs are also exempt from road tax and registration costs in many states.
  • The running cost of a Petrol-2W is Rs2/km and for Electric-2W it is only 15-20p/km resulting in saving of 67000 in 4 years.
  • A customer with Electric-2W end up spending Rs 7,000-10,000 a year less on servicing because of fewer moving parts which don’t need fresh fluids or filters.

Range Apprehension

Our indigenous designed and engineered vehicle have the range of 130-140km with 100% charging along with the convenience of charging at home.
  • Our indigenous designed and engineered vehicle have the range of 120-140km with 100% charging along with the convenience of charging at home.
  • You can commute 3-4 days with the single 100% charge with our range of Electric-2W.

Battery Disposal

Lithium-Ion batteries used in Electric-2W have a self life of less than 5-7 years. They could still be used in other applications such as in household or energy back-up while on the other hand, recycling of lithium-ion batteries help to recover the metals -cobalt, lithium, nickel, and others.

Two Wheeler Electric Vehicle

Our Value Proposition

  • The Electric-2W to reflect your passion, attitude, and commitment to future generation.
  • An Indigenous developed product with mostly self-made components for smooth and seamless service experience.
  • Customised finance, exchange, insurance, new battery purchase, new tyre etc.
  • Complete digital experience for customer in sales and service and for channel partners.
  • Handholding to dealership on all business enables and skills and capability for an enhanced customer experience at the dealership.
  • Marketing, Branding and Communications aligned to changed customer behaviour and preferences toward green mobility and sustainability.
  • Innovative business model to create maximum value for customers with opportunity to contribute to various other Go-Green initiatives.
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TWO WHEELER ELECTRIC VEHICLE

Why Us

Unique Products Benefits

Unique Products Benefits

Indigenous developed products from one of the pioneers of Automobile allied businesses. An Electric-2W that is properly engineered for a decade of life cycle with Inhouse R&D technology and in contrast to the assembly product of imported CKD’s which get discarded in 2-3 years adding to the environmental pollution instead of protection.
Green Mobility Integrated Solution

Green Mobility Integrated Solution

Charger for charging of your Electric-2W at peace at home and at the dealership. Petrol-2W to Electric-2W conversion to contribute towards sustainability and take benefit of very low running and maintenance cost. xPetrol-2W to Electric-2W conversion to contribute towards sustainability and take benefit of very low running and maintenance cost.
Unique Business Model

Unique Business Model

Creation of value for customers throughout the life cycle of their Electric-2W. Break-even within 12-15 months for dealers through the innovative business model. An opportunity for channel partners to earn ROI of more than 40% on an investment of only 45 lakhs (Including vehicle inventory).
Service and Spare

Service and Spare

Service subscription model for peace of mind and best maintenance of your pride possession. Availability of all spare parts at one location for smooth and seamless service experience. Well-equipped dealership for quality after sale service with complete transparency on repair and estimate.
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