Panchabuta had reported in November last year that, India had launched incentive for Electric Vehicle makers of upto 20% of ex-factory price. Two-wheeler makers have also been given a subsidy ceiling of Rs 4,000 for low-speed vehicles and Rs 5,000 for high-speed vehicles. A ceiling of Rs 100,000 has been placed on Electric Cars.
In a major announcement for the EV community earlier this month, presenting the General Budget 2011-12, Shri Pranab Mukherjee, Finance Minister informed that to provide green and clean transportation for the masses, a National Mission for Hybrid and Electric Vehicles will be launched in collaboration with all stakeholders.
As Panchabuta had reported earlier, car maker Mahindra Reva Electric Vehicle (MREV) has recorded a three-fold rise in average monthly sales in the last three months, boosted by incentives announced by the Ministry of New and Renewable Energy (MNRE).
Further, average monthly sales of electric two-wheelers has risen 20 per cent, says Sohinder Gill, director, Society of Manufacturers of Electric Vehicles.
According to reports, Ludhiana-based cycle maker Hi-Bird Safari Group today announced its foray into the Rs 600-crore electronic two-wheelers market and plans to sell 10,000 e-bikes in one year.
“New electric scooters in line with the go-green goal have been launched to complement efforts to reduce air polluting vehicle emission and we plan to sell 10,000 units in one year,” Hi-Bird Safari Group Managing Director R D Sharma said.
The size of the e-bike market in the country stood at Rs 600 crore, with total volume of 1.60 lakh units and 30% of the market is with unorganised sector, he said.
The company would be importing engine and other critical parts from Korea and Taiwan and assemble it in its facility in Ludhiana. The two wheelers would have a top speed of 100 kmph, with a maximum range of about 70 km after each charge of 5-6 hours.
Hi-Bird has kept the price range of its two models between Rs 27,000 and Rs 28,900, he said, adding that the company would be appointing 100 separate dealers from bicycle dealers for selling its bikes.