Kumar Rakesh of BNP Paribas discusses strong demand for electric two-wheelers, caution in two-wheeler segment, impact of FAME II end on EV demand, tractor industry cyclicality, and top pick for 2024 being Maruti Suzuki. In case of EVs. we have seen a very strong demand for electric two-wheelers in March. April will be much weaker adjusting for this pre-buying, but May onwards, penetration expected to start inching back.
The Electric Mobility Promotion Scheme 2024 aims at increasing the sale of electric two- and three-wheelers. The four-month scheme is valid until July 2024.
Sokudo Electric India introduces FAME-II compliant electric scooters with a range of 100 km, 105 km, LFP batteries, 15-amp converter, ABS plastic bodies, CANBUS connectors. They offer an alternative to lead-acid scooters with limited range and short warranties, capturing 15-20% market share.
Sona BLW Precision Forgings (Sona Comstar) announced on Thursday that it has received certification under the auto Production Linked Incentive (PLI) scheme. The certification, granted for the company s hub wheel drive motor for electric two-wheelers, marks Sona Comstar as the first automotive component company to receive such recognition