0 Comments Despite a very challenging calendar year 2020, Hero Electric, has maintained its position at the top of the electric two-wheeler market.
Hero Electric tops electric two-wheeler sales chart.
The company sold 8,111 of the 25,735 electric scooters sold in CY2020. Interestingly, the sales of “high-speed” (e-scooters that can cross 25kph) electric two-wheelers in the January to December 2020 period was 25,735 units (-5.4 percent year-on-year) as against 27,224 units sold in the previous calendar year, according to data compiled by the Society of Manufacturers of Electric Vehicles (SMEV). Our sister publication, Autocar Professional, analysed the sales data of 16 high-speed electric two-wheeler manufacturers for the year 2020. Despite a total washout in Q1 for the overall auto industry, Hero Electric continued to retain its leadership position in CY2020, with sales of 8,111 units (-28.17 percent YoY), followed by Oki
FAME-II scheme restructuring entire EV industry, needs another extension, says Ather Energy
SECTIONS
Last Updated: Jan 31, 2021, 10:50 AM IST
Share
Synopsis
The SMEV had argued that since its implementation from April 1, 2019, FAME-II has been able to achieve less than 10 per cent of its target of supporting 10 lakh electric two-wheelers, five lakh three-wheelers, 55,000 four-wheelers and 7,000 buses by 2022.
Reuters
NEW DELHI: FAME-II scheme, the programme meant to promote electric vehicles in India, has helped in attracting investments in the sector in the country and needs to be extended by another three to four years, according to a top official of Hero MotoCorp-backed Ather Energy. Presenting an opposite view to that of the Society of Manufacturers of Electric Vehicles (SMEV) which asked Finance Minister Nirmala Sitharaman to either rejig FAME-II scheme or reintroduce FAME-I, Ather Energy Co-founder & CEO Tarun Mehta told that what the SMEV has said does not look like a
Share this article
Share this article
PUNE, India, Jan. 29, 2021 /PRNewswire/ According to a recent market study published by Growth Market Reports (GMR), titled, Electric Vehicle Power Inverter Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast , the market was valued at USD 17,110 Million in 2019 and is expected to grow at a healthy growth rate of 6.4% by the year 2027. A power inverter helps converts DC power into the AC power used in an electric vehicle motor. The inverter helps change the speed at which the motor rotates by altering the frequency of the AC. Also, It can help in adjust (increase or decrease) the power of the motor by adjusting the amplitude of the signal.
Electric mobility: SMEV urges Finance Minister to redraft FAME II or bring back FAME I Updated Jan 25, 2021 | 19:36 IST
SMEV said that the FAME II policy should be completely redrafted, if needed, so that substantial investments both from within and outside India can flow into the EV sector to push the exponential growth. Electric mobility: SMEV urges Finance Minister to redraft FAME II or bring back FAME I | Photo Credit: Representative Image
Ahead of the upcoming Union Budget, Society of Manufacturers of Electric Vehicles (SMEV) has asked Finance Minister Nirmala Sitharaman to either rejig the FAME II scheme or reintroduce FAME I, saying the programme meant to promote EVs in its second avatar has been able to achieve less than 10 per cent of its target. The Rs 10,000-crore FAME-II scheme which is to be implemented over a period of three years, came into effect from April 1, 2019. It is the expanded version of FAME India I (Faster Adoption an
Union Budget 2021: Society of Manufacturers of Electric Vehicles calls for rejig of FAME II The Rs 10,000-crore FAME-II scheme, which is to be implemented over a period of three years, came into effect from 1 April, 2019 Representational image. Reuters.
New Delhi: Ahead of the upcoming Union Budget, Society of Manufacturers of Electric Vehicles (SMEV) has asked Finance Minister Nirmala Sitharaman to either rejig the FAME II scheme or reintroduce FAME I, saying the programme meant to promote EVs in its second avatar has been able to achieve less than 10 per cent of its target.
The Rs 10,000-crore FAME-II scheme which is to be implemented over a period of three years came into effect from 1 April, 2019. It is the expanded version of FAME India I (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) which was launched on April, 2015, with a total outlay of Rs 895 crore.