What is mush awaited at the Auto Expo might be realized amidst the glowing display of electric vehicles- scooters, three-wheelers and small cars. The maiden venture by Emmel Vheelers into two wheelers will be a highlight (the company is already in physical testing machines, carburetors and auto components).
A range vehicles from this company – hybrid three wheeler, e-motorcycle, high power scooters, personal transporter, and electric scooters like Vee Elite, Vee Sharp and Vee Dhoom. The company owns a dedicated manufacturing plant in Maharashtra which has a capacity of 3000 units / month at an investment of Rs5 crore and another equal amount is allocated for expansion. The company President is all optimistic that the electric market enjoys power with a sale of 40000 units last year.
Last month alone 3500 units were sold with an estimated sale tuneof Rs400 crore. (in all 300000 electric two wheelers are on road now). Many other companies are refreshing to expand this electric market. In Chennai, Murugappa Group’s Tube Investments India Ltd has started a new electric scooter unit in a capacity of 100 scooters /day. Hero Electric is in the process of assembling e-scooters by having domestic tie-up after its venture with a Canadian firm Electrovava for making lithium batteries.
Eko Vehicles of Bangalore has released a hybrid motorcycle enabling to run on both electric motor and 70cc petrol engine. New electric scooterettes will be on roads from Eko soon. Emmel Vehicles rely on its base of indigenous aspects leading to 80% – fabricated frames, axles and battery; tyres, lamps, switches and shock absorbers are to be outsourced. The company is clear enough to gain reputation, unlike others who have damaged the electric market with Chinese components, said its President.
Further, the electric automobile industry seeks the grace of the governments on subsidy(Delhi government offers 27%; Karnataka and Gujarat governments are reasonable at vat at 4% and Maharastra levies 12.5% VAT for electric vehicles.