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Chetak's Impact on India's Electric Vehicle Market
Chetak, the electric scooter launched by Bajaj Auto, has been making waves in the Indian market since its release in 2020. Chetak ka Result The scooter, which has a range of up to 95 km and a top speed of 70 km/h, has been well-received by consumers looking for a reliable and affordable electric vehicle.
But what impact has Chetak had on India's electric vehicle market as a whole?
Firstly, Chetak has helped to raise awareness about the benefits of electric vehicles among the general public. Many consumers were previously hesitant to switch to electric due to concerns about range anxiety and battery life, but Chetak's success has shown that electric vehicles can be just as reliable and practical as traditional petrol-powered vehicles.
Furthermore, Chetak has spurred competition in the electric vehicle market. Other major players such as Hero Electric and TVS Motors have also released their own electric scooters in response to Chetak's popularity. This increased competition has led to a wider range of electric vehicle options for consumers, as well as lower prices due to market saturation.
The success of Chetak has also encouraged the Indian government to further promote the adoption of electric vehicles. In 2019, the government announced a goal of having 30% of all vehicles on Indian roads electric by 2030. The launch of Chetak and the subsequent surge in demand for electric scooters has put the country on track to meet this target.
Overall, Chetak's impact on India's electric vehicle market has been significant. It has helped to increase awareness and acceptance of electric vehicles, spurred competition among manufacturers, and encouraged government support for the sector. As India continues to move towards a more sustainable and environmentally-friendly future, Chetak and other electric vehicles are sure to play a crucial role in shaping the country's transportation landscape.
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Accelerating Change: Climate Tech Investment Transforms 2-Wheeler Mobility in India
India is at a crucial juncture in its efforts to balance environmental preservation and economic progress. The nation’s focus on reducing carbon emissions and transitioning to a greener economy has placed significant attention on the electric vehicle (EV) sector. Given their widespread use in Indian transportation, the two-wheeler industry, specifically motorcycles, scooters, and mopeds, holds prime importance. Two-wheelers account for over 70% of all vehicles in India and are relied upon by millions for daily commuting and transportation.
The climate tech investment technology is crucial for accelerating the shift from two-wheelers to electric mobility. Companies like EMotorad are at the forefront of this effort. This article examines the current state of climate tech investment in India’s electric vehicle (EV) industry, as well as the numerous opportunities for sustainable finance in this sector. It also highlights the investment made by Green Frontier Capital in EMotorad, a startup that demonstrates how venture capital funds can have a sustainable impact on the 2-wheeler market in India.
Climate Tech Investment in the Indian Electric Vehicle Market
In 2022, climate tech investments accounted for 25% of all venture capital financing, up 14% from 2021, according to PwC’s State of Climate Tech Report. The worldwide market for sustainable funding is projected to rise from US$ 3.6 trillion in 2021 to US$ 23 trillion by 2031, according to the Confederation of Indian Industry (CII). The climate tech environment is witnessing considerable expansion, particularly in electric transportation.
In India, the growth of the electric vehicle industry is being fueled by regulatory pressure, technological advancements, and changing consumer preferences. The Confederation of Indian Industry (CII) predicts that the Indian electric vehicle industry will grow from US$ 3.21 billion in 2022 to US$ 113.99 billion in 2029. Research from Counterpoint suggests that electric vehicle sales could increase by 66% as early as 2024, and McKinsey and Company forecasts that by 2030, 60–70% of new two-wheeler sales in India will be electric vehicles.
In this industry, there are several prospects for sustainable funding. Over 70% of the US$ 2.7 billion that Indian EV start-ups raised between 2018 and 2023 went toward purchasing electric two- to three-wheelers, according to the IEA. According to the IEA’s Global EV Outlook 2024 Report, there are still a lot of climate tech investment prospects for Indian entrepreneurs and start-ups, with the country’s EV sector now estimated to have a US$200 billion investment potential.
The Indian government is dedicated to reducing carbon emissions and supporting renewable energy, generating a lot of interest in investments in climate technology, particularly in the electric vehicle (EV) sector. This emerging industry’s potential is being acknowledged by Indian investors and venture capital funds like Green Frontier Capital, leading to an increase in climate tech investments aimed at accelerating the country’s adoption of EVs.
EMotorad: An Excellent Investment in Climate Technology for Green Frontier Capital
EMotorad is an Indian company that manufactures electric bikes, scooters, and cycles. Founded in 2020 by Rajib Gangopadhyay, Kunal Gupta, Aditya Oza, and Sumedh Battewar, the company has seen significant growth in India and has garnered over 100,000 global customers. EMotorad is currently building the world’s largest gigafactory for electric bicycles in Pune.
The company is committed to sustainability and offers products that promote eco-friendly mobility and help reduce carbon footprints. Their use of environmentally friendly materials and production methods aligns with global sustainability objectives, making it an attractive investment for Indian sustainable finance investors.
In India’s price-sensitive market, a wide range of people can now afford green mobility thanks to reasonably priced electric two-wheelers. This suggests significant market potential and scalability for venture capital firms like GFC, who invested in EMotorad as part of their climate tech investment. This offers a great opportunity for long-term growth. EMotorad ensures exceptional product performance by investing in cutting-edge technologies such as long-lasting batteries and intelligent networking. This commitment to innovation puts the company at the forefront of the EV industry, providing a continuous competitive advantage to sustainable financing investors. The focus on ongoing innovation keeps the company ahead of industry trends, signaling a forward-thinking business that can adapt to changing market conditions and sustain steady long-term growth for its Indian investors.
Its triumphant foray into other markets showcases its worldwide scalability and provides top venture capital firms such as GFC with exposure to the expanding global demand for electric transportation. Strategic alliances with IT companies, governmental agencies, and environmental groups are advantageous to EMotorad as well. This enabling environment lowers operational risks and expands market penetration, increasing the company’s appeal as a climate tech investment. The seasoned leadership group of EMotorad promotes innovation and strategic expansion. Strong leadership is essential because it gives investors faith in the company’s capacity to overcome obstacles and seize opportunities in the climate tech industry.
EMotorad and Green Frontier Capital: The Path Forward
In India, switching to electric two-wheelers is a critical step toward accomplishing sustainable transportation and tackling the urgent problem of climate change. The 2-wheeler EV industry in India offers a strong potential for climate tech investment because of its sizeable and expanding market, favorable government regulations, and rising consumer awareness. Businesses like EMotorad are at the forefront, providing creative and reasonably priced solutions that support the worldwide movement toward environmentally friendly transportation.
According to Sandiip Bhammer, Managing Partner of Green Frontier Capital, “What struck us the most is the pace at which they were able to expand the business across geographies in just two years of existence; not only that, but the technology they are building on top of their bikes is a game changer; it will change the way people cycle.” As of July 2024, EMotorad has avoided 9,758,287+ liters of conventional fuel (petrol/diesel) by choosing e-bikes, generated 250+ green employment, and conserved 21,602+ tons of CO2 — an amount equal to the annual absorbance of 820,864+ fully grown trees. They use solar energy in 30% of their production processes, and they handle their trash in an ecologically responsible way in 99% of them. For Indian investors interested in sustainable finance, EMotorad is unquestionably a wise green investment. It offers significant financial gains in addition to making India and the rest of the globe a cleaner, greener future.
Tags: climate vc | top climate tech vcs | green investing | climate investors India | climate vc fund | top investment companies in India | venture capital green
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Ola Electric IPO Date, Price, GMP, Review, Company Profile, Risks & Financials 2023
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Ola Electric IPO Date, Price, GMP, Review, Company Profile, Risks & Financials 2023
Ola Electric IPO: Ola Electric is a young Indian electric vehicle (EV) company, aiming to disrupt the transportation landscape with its electric scooters and cars. They compete in the rapidly growing Indian EV market, fueled by government incentives and increasing environmental awareness.
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Ola Electric IPO Details:
Ola Electric Company Profile:
Ola Electric Financials:
Ola Electric IPO Objectives:
Ola Electric IPO Lead Managers & Registrar:
Ola Electric IPO Risks:
Ola Electric IPO Details:
IPO status: Not yet launched. DRHP filed with SEBI on December 22, 2023.
Expected timeline: Subscription likely in early 2024, listing soon after.
Offer size: Up to ₹5,500 crore fresh issue and offer for sale of 95,191,195 shares.
Price band: Not yet announced. Targeted valuation is $7-8 billion.
News and Developments:
Positive buzz: Filing the DRHP is a crucial step, generating excitement among investors and analysts.
Funding secured: Recent reports about Ola Electric securing $500 million in loan B financing demonstrate investor confidence.
Gigafactory progress: Progress on Ola’s ambitious Gigafactory project in Tamil Nadu adds weight to their production capabilities.
Market uncertainty: Global economic worries and potential inflation may dampen investor sentiment for risky ventures like IPOs.
Ola Electric Company Profile:
Ola Electric, a name synonymous with India’s electric vehicle revolution, is rapidly carving its niche in the burgeoning industry. Founded in 2017 by Bhavish Aggarwal, the mastermind behind Ola Cabs, Ola Electric has come a long way in its mission to disrupt the traditional transportation landscape. Let’s delve into the company’s history, operations, and market position.
A Brief History of Electrification:
2017: Ola Electric embarks on its electric journey, initially focusing on electric rickshaws.
2019: The company unveils its first electric scooter, the S1, followed by the S1 Pro in 2020.
2021: Ola Futurefactory, the world’s largest two-wheeler manufacturing facility, is inaugurated in Krishnagiri, Tamil Nadu.
2022: Ola launches its electric car, the Ola S1, marking its entry into the four-wheeler segment.
2023: The company files its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its highly anticipated IPO.
Operations and Market Position:
Products: Ola Electric currently offers a range of electric scooters, including the S1, S1 Pro, and S1 Air, along with its flagship electric car, the Ola S1.
Market Share: In the Indian electric two-wheeler market, Ola Electric holds a dominant position, capturing over 50% share in FY23. However, it faces stiff competition from established players like Hero Electric and Ather Energy.
Global Ambitions: Ola Electric aspires to become a global leader in the EV space, with plans to enter international markets like the UK and Australia.
Key Facts and Figures:
Funding: Ola Electric has raised over $1 billion in funding from prominent investors like SoftBank, Temasek, and Tiger Global.
Valuation: The company is currently valued at around $5.4 billion, potentially reaching $7-8 billion after its IPO.
Employees: Ola Electric employs over 10,000 people across its various operations.
Prominent Brands and Partnerships:
Ola Futurefactory: This state-of-the-art facility boasts a production capacity of 20 million electric two-wheelers per year.
Ola Electric Mobility Institute (OEMI): This dedicated institute focuses on research and development in electric vehicle technology.
Partnerships: Ola Electric has partnered with key players like Flipkart, Axis Bank, and Bharat Petroleum to facilitate e-commerce sales, financing options, and charging infrastructure development.
Milestones and Achievements:
Building the world’s largest two-wheeler factory.
Becoming the leading electric two-wheeler manufacturer in India.
Developing and launching its own electric car within a short timeframe.
Competitive Advantages and USP:
First-mover advantage in the Indian electric scooter market.
Vertically integrated operations, including battery production.
Focus on cutting-edge technology and innovation.
Building a robust charging infrastructure network.
Ola brand recognition and established customer base.
Ola Electric’s journey is a testament to its ambition and agility in the dynamic EV landscape. With its aggressive expansion plans, focus on innovation, and strategic partnerships, the company is poised to play a pivotal role in shaping the future of mobility in India and beyond.
Ola Electric Financials:
Revenue: Ola Electric has demonstrated explosive revenue growth in FY23, with total revenue reaching Rs. 2,782 crore, a rise of over 500% compared to FY22. This growth is primarily driven by increased sales of its electric two-wheelers.
Profitability: Despite the remarkable revenue increase, the company continues to incur losses. Net loss in FY23 stood at Rs. 1,472 crore, widening from Rs. 784 crore in FY22. This is mainly due to high operating expenses associated with factory setup, research & development, and marketing initiatives.
Ola Electric IPO Objectives:
Ola Electric’s decision to go public through an IPO is driven by several key objectives, all of which align with its ambitious future growth strategy:
1. Capital Raising: The primary objective is to raise funds, estimated to be around Rs. 7,250 crore, through a combination of fresh issue and offer for sale (OFS). This capital injection is crucial for:
Funding Growth: Ola Electric aims to expand its product portfolio beyond electric scooters, introducing new models and venturing into four-wheeler segments like electric cars and commercial vehicles.
Building Manufacturing Capacity: Scaling up production capacity for existing and future models requires significant investments in infrastructure and technology. Ola’s Futurefactory, while impressive, needs additional resources to meet its long-term goals.
R&D and Innovation: Continued investment in research and development is essential for staying ahead in the rapidly evolving EV landscape. This includes battery technology advancements, autonomous driving features, and other cutting-edge innovations.
Debt Reduction and Financial Flexibility: A portion of the raised funds might be used to repay or pre-pay existing debt, enhancing the company’s financial stability and flexibility for future investments.
2. Enhanced Brand Recognition and Market Credibility: Going public brings Ola Electric under the public spotlight, increasing brand recognition and attracting a wider investor base. This can solidify its position as a leading player in the Indian EV market and strengthen its credibility among potential partners and customers.
3. Access to Talent and Partnerships: A successful IPO can attract and retain top talent, crucial for executing the company’s growth strategy. Public listing also opens doors for potential partnerships with established players in the automotive, technology, and financial sectors.
Ola Electric IPO Lead Managers & Registrar:
Ola Electric has entrusted a consortium of renowned investment banks to act as lead managers for its highly anticipated IPO:
Lead Managers:
Kotak Mahindra Capital Company Limited: A leading financial institution in India with extensive experience in managing large-scale IPOs, including SBI Cards, HDFC Life, and LIC.
Citigroup Global Markets India Private Limited: Renowned global investment bank with a strong track record in IPOs across various sectors, including Zomato, Nykaa, and Paytm.
BofA Securities India Limited: Global leader in investment banking with extensive experience in managing major Indian IPOs like IRCTC, Indian Railway Finance Corporation, and Coal India.
Goldman Sachs (India) Securities Private Limited: Reputable investment bank with deep expertise in handling tech-oriented and high-growth IPOs, including Delhivery, Macrotech Developers, and Policybazaar.
Axis Capital Limited: Leading domestic investment bank with successful involvement in IPOs like Adani Wilmar, Glenmark Life Sciences, and Dixon Technologies.
ICICI Securities Limited: Established Indian financial institution with significant experience in managing IPOs like Sona BLW Precision Forgings, Indigo Paints, and Astral Poly Technik.
SBI Capital Markets Limited: Investment arm of India’s largest bank, SBI, with significant involvement in IPOs like Glenmark Pharmaceuticals, Larsen & Toubro Infotech, and Indiabulls Real Estate.
BOB Capital Markets Limited: Investment banking arm of Bank of Baroda, with experience in managing IPOs like Aavas Financiers, RBL Bank, and Sundaram Asset Management.
Track Record:
These lead managers collectively boast a proven track record of successfully managing complex IPOs in diverse sectors, highlighting their experience, expertise, and network of investors. This expertise provides investors with confidence in the execution and overall success of the Ola Electric IPO.
Registrar:
Link Intime India Private Limited is appointed as the registrar for the Ola Electric IPO. The registrar’s role involves handling shareholder records, managing share transfers, dividend payments, and other administrative tasks related to the issue and trading of shares. This ensures a smooth and transparent process for investors throughout the IPO and beyond.
Ola Electric IPO Risks:
While Ola Electric’s IPO holds immense potential, it’s crucial to acknowledge and understand the inherent risks associated with investing in this high-growth, high-risk venture. Here are some key points for potential investors to consider:
Industry Headwinds: The EV market, despite its promising prospects, faces challenges like rising battery costs, dependence on government subsidies, and the potential for policy changes. These factors could impact Ola Electric’s profitability and growth trajectory.
Company-Specific Challenges:
Profitability Concerns: Ola Electric continues to incur significant losses, raising concerns about its ability to achieve long-term profitability. The company’s ambitious growth plans might further strain its finances in the short term.
Intense Competition: Established players like Hero Electric and Ather Energy, along with potential new entrants, will intensify competition in the Indian EV market. Ola Electric needs to differentiate itself and maintain its market share to achieve sustained success.
Manufacturing and Supply Chain Risks: Reliance on imported components and potential supply chain disruptions can impact production timelines and delivery schedules, affecting the company’s ability to meet demand.
Execution Risks: Implementing Ola’s ambitious expansion plans and future ventures like car production requires strong execution capabilities. Any missteps or delays could hinder the company’s progress.
Financial Health:
While Ola Electric’s revenue growth is impressive, its current financial position raises some red flags for investors:
High Losses: The company’s net loss nearly doubled in FY23, highlighting the need for significant improvement in cost management and profitability.
Limited Operating History: Ola Electric is a relatively young company with limited operating history, making it difficult to assess its long-term viability and ability to overcome challenges.
Debt Levels: While currently low, the company might need to take on debt to finance its expansion plans, potentially increasing its financial risks.
Ola Electric Mobility Limited – DRHP
Also Read: How to Check IPO allotment status?
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Ather 200,000th Unit Rolls Out
Ather 200,000th Unit Rolls Out
The company reported gross sales of 9,344 units in November 2023, marking a year-on-year increase of 22.5 per cent
Ather Energy confirmed on social media that they’ve rolled out their 200,000th vehicle from its Horus facility in Tamil Nadu. electric two-wheelers have been registering strong growth over the last few years.
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Ather 100k to 200k in 11 months
Ather had launched the 450X and 450 Plus in January 2020. The company achieved the 100k milestone in January 2023. Gross sales growth may have been quicker, however the pandemic threw a spanner within the works. Sales are much better now, as evident with Ather reaching the production milestone of 200,000 units. Looks like the proper ending to the present year and loads of motivation and confidence to achieve newer milestones in 2024.
As of now, Ather portfolio has 450X and 450S electric scooters. 450S is the most reasonably priced, available at a beginning price of Rs 1,29,999 in Bengaluru. It was launched earlier this yr in August, together with the brand new 450X. With an reasonably priced base mannequin, Ather has been in a position to goal a bigger customer base.
450S has a certified range of 115 km, whereas true vary is 90 km. High pace is mounted at 90 km/h. Ather 450S can speed up from 0 to 40 km/h in simply 3.9 seconds. The scooter has loads of tech options comparable to park help, auto maintain, side stand sensor, auto indicator cut-off, incognito mode and guide-me-home mild.
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Ather 200,000th Unit
The top-spec variant is 450X, accessible with battery options of two.9 kWh and three.7 kWh. Prices begin at Rs 1.38 lakh and Rs 1.45 lakh, respectively, in Bengaluru. Whereas prime speed is fixed at 90 km/h for each, the certified vary is 111 km and 150 km, respectively.
True range works out at 90 km and 110 km. Each variants of 450X are equipped with a 7-inch TFT touchscreen. Safety kit contains options like emergency stop signal (ESS), fall safe and dual disc brakes. A spread of connectivity options can be found by way of the Ather smartphone app.
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Ather 450 Apex Electric Scooter Bookings Open
Ather Energy has not too long ago opened bookings for its highly anticipated 450 Apex model on their official website. You’ll be able to e-book the electric scooter for Rs. 2500, which is absolutely refundable.
Deliveries for the same will commence in March 2024. Ather is also working on a family electric scooter which will be making its India debut in 2024.
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Maintenance Tips for E-scooter
Since 2020, electric two-wheeler sales in India have surged due to government incentives and rising fuel prices. Proper maintenance is crucial for a seamless e-scooter experience. Remember to regularly check tire pressure, keep the battery charged as recommended, perform brake inspections, and maintain cleanliness and lubrication for moving parts. Explore our high-speed, long-range electric scooters to save money on fuel and reduce your carbon footprint. Join the revolution with iVOOMi, India's leading Electric Scooter manufacturer. For more maintenance information, see "How To Maintain An E-scooter."
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List of Electric Scooters Under Rs. 1.5 Lakh in India
Are you wondering what options you have if you want to buy an electric scooter with top-notch features, unbeatable performance, and incredible mileage for less than 1.5 lakh?
We understand how difficult it is to find a feature-rich electric scooter that does not cost a fortune. That is why we have compiled a list of the best Electric Scooters available in India for under 1.5 lakh rupees.
Check out this electric scooter guide to see all of the electric scooters/bikes available in the Indian market for less than 1.5 lakh rupees.
Top Electric Scooter Which Comes Under 1.5 Lakh in India
1. Ather 450
In 2020, the Ather 450 was launched for the first time. It is a 2.4 kWh lithium-ion battery-powered electric scooter. Its body is made of steel and has an aerodynamic design. It comes in three models: Ather STD 450, Ather 450 X plus, and Ather 450 X pro.
The bike is quite comfortable for a long drive, but it can only travel 75 kilometers on a single charge. The battery must then be charged, which takes approximately 1 hour for fast charging and 2.4 hours for normal charging.
The price of Ather 450 is Rs. 1 lakh onwards.
2. Okinawa Praise
Okinawa AutoTech, one of India's most prominent electric two-wheeler brands, recently introduced the Okinawa Praise Pro. With better features and performance than other models, this e-scooter is an absolute delight for its riders.
It is powered by a 1000-watt electric motor and has a top speed of 75 kmph in turbo mode, making it the fastest electric scooter in India so far.
Okinawa claims a battery range of 175-200 km on a full charge, which takes 6-8 hours if plugged into a standard power outlet.
The cost of Okinawa Praise is Rs. 80,000 onwards.
3. Hero Electric Optima HX
The Hero Electric Optima is an electric scooter that is friendly to the environment. It is available in four models: Optima LI and Optima LA in the Low-Speed series, and Optima ER and Optima E5 in the High-Speed series.
The low-speed series' battery range is 50-65 km (based on the battery type). However, the battery range of the high-speed series, such as the E5 and ER, is 55 km and 110 km, respectively.
The cost of Hero Electric Optima HX is Rs. 80,000 onwards.
4. Ola Electric S1
The Ola S1 electric scooter is Ola Electric's first electric vehicle product, and it comes in two models: Ola S1 and Ola S1 Pro.
The battery pack for the S1 is 2.98 kWh, while the battery pack for the S1 Pro is 3.97 kWh.
The Ola S1 claims a range of 121 kilometers on a single charge, while the Ola S1 Pro claims a range of 181 kilometers.
Both the Ola S1 and S1 Pro can be charged with a fast charger to a 75 km range in just 18 minutes. On a standard home charging port, the S1 can be fully charged in 4 hours and 48 minutes, while the S1 Pro can be fully charged in 6 hours and 30 minutes.
The Ola S1 is priced at Rs. 89,999, while the S1 Pro is priced at Rs. 1,20,000 onwards.
4. TVS iQube
The TVS company's first electric two-wheeler is the iQube. It has a traditional scooter-like appearance with a modern twist, as well as good performance and battery range.
While the iQube's overall shape is similar to that of a traditional scooter, it incorporates a few design elements that give it a futuristic feel.
The iQube is powered by three lithium-ion batteries totaling 2.25 kWh. While it takes about five hours to fully charge, the advertised range is 75 kilometers.
The cost of TVS iQube is Rs. 1 lakh onwards.
Final Thoughts
There are numerous electric scooter brands to choose from, and many new options will be available in 2022. New businesses are creating e-scooters with greater range and performance.
As a result, it is critical to consider various important factors and make an informed decision when purchasing an electric scooter for yourself!
We hope that this article has assisted you in selecting the best e-vehicle for yourself. To learn more about the specifications of e-scooters, like their price, range, maximum speed, durability, etc., visit our website TRiDE Mobility or download our mobile application available on Google Play Store and Apple Store. Here we solve all your doubts regarding electric vehicles.
Also, you can read our electric scooter guide on how to find the right eScooter as per your needs where you will get to know more about the process of selecting the right electric scooter for yourself.
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Asia-Pacific Two-Wheeler Tire Market Analysis, Share, Report 2023-2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Asia-Pacific two-wheeler tire market size at USD 8.2 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Asia-Pacific two-wheeler tire market size is to grow at a CAGR of 3.72% reaching a value of USD 10.4 billion by 2029. The region's growing population and increasing demand for two-wheelers and their tires are the primary factors driving the tire market's expansion. The Asia-Pacific two-wheeler tire market has grown exponentially and experienced a surge in the recent years. Most people prefer two-wheelers to avoid heavy traffic, which contributes significantly to overall market growth. A sizable portion of the working population prefers to ride scooters to work, primarily to avoid the growing traffic. The rising popularity of two-wheelers benefits the Asia-Pacific two-wheeler tire market.
Asia-Pacific Two-Wheeler Tire Market – Overview
Two-wheeler tire markets across APAC including in India, a major APAC country, due to the spurring demand for two wheelers. Tires are one of the most crucial parts of any vehicle, as we all know. Therefore, regular inspection is necessary to guarantee a trouble-free trip every time. Due to a lack of parking spaces and worsening traffic congestion in major cities, the tire industry in India is rapidly growing, especially in the northern states.
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Growth Drivers
Growing popularity of electric two-wheelers
Electric two wheelers are gaining huge traction in the Asia-Pacific market owing to increasing fuel prices and lower operating costs compared to their petrol substitutes. The rising focus towards sustainability and shift towards greener energy alternatives and concerns surrounding air and noise pollution are significantly propelling the growth of the two wheelers in the region. Additionally, favorable government policies are also projected to offer lucrative growth opportunities to the electric two wheeler in APAC. For instance, The Thailand Government has announced its target of 100% zero-emission vehicles by 2035.
Challenge: Increasing Safety Concerns in the Region’s Congested Urban Areas
Rapid urbanization and growing urban population across the APAC region are resulting in heavy traffic congestion across cities. For instance, Bangkok in Thailand reportedly has the worst traffic, which is bad for the city's growth on all fronts—economic, social, and financial. Although the Road Traffic Act was implemented in 1980 in Thailand, traffic rule violations are quite frequent in the country. All parts of Thailand frequently see speeding, reckless passing, and disregard for the law. This increases the chances of road accidents, causing serious accidents, injuries, disabilities, or even death. This may prompt the shift towards four wheelers from two wheelers, negatively impacting the growth of Asia-Pacific two-wheeler tire market.
Impact of COVID-19 on Asia-Pacific Two-Wheeler Tire Market
APAC, during the second quarter of 2020, was adversely affected by the COVID-19 pandemic. Lockdowns led to a sharp decline in the demand for two-wheeler tires throughout Asia Pacific, even though the extensive restrictions were necessary for health and safety. The lockdown measure harmed sales in the Asia Pacific because manufacturers were forced to reduce significant carryover stocks in the supply chain. Although there is a direct link between OEMs and the tire industry, not all OEMs may be affected by the virus pandemic. The prices of raw materials have generally been stable, and the recent drop in carbon black prices may help tire manufacturing companies soon.
Asia-Pacific Two-Wheeler Tire Market – By Tube Type
The Asia-Pacific two-wheeler tire market is segmented by tube type into tube tires and tubeless tires. The tubeless tire market segment represents a sizable portion of the Asia Pacific market in terms of revenue. Since tubeless tires have a slow rate of deflation and low rolling resistance, they are typically found on motorcycles. The demand for tubeless tires is anticipated to increase throughout Asia Pacific because tube tires use more fuel than tubeless tires.
Competitive Landscape
Asia-Pacific two-wheeler tire market is fiercely competitive. Prominent players in the market include Hangzhou Zhongce Rubber, Giti Tire Pte. Ltd, Cheng Shin Rubber, MRF Limited, CEAT Limited, TVS Srichakra Limited, JK Tire & Industries Ltd., Apollo Tires Ltd, Honda, Hero, Royal Enfield, and Bajaj Auto. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Asia Pacific two-wheeler tire market.
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https://www.macautoindia.com/prime/
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Mac Auto India is India's leading electric scooter company. Our product line-up includes wide range of electric scooty & E rickshaw in the world.
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Did Ather lose its way?
Did Ather lose its way?
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BGauss A2 और B8 इलेक्ट्रिक स्कूटर की कीमत का खुलासा, 110 Km है रेंज, 3000 रुपये में हो रही बुकिंग, जानें फीचर्स और कीमत
BGauss A2 और B8 इलेक्ट्रिक स्कूटर की कीमत का खुलासा, 110 Km है रेंज, 3000 रुपये में हो रही बुकिंग, जानें फीचर्स और कीमत
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इलेक्ट्रिकल ��्हीक्ल निर्माता BGauss ने अपने दो इलेक्ट्रिक स्कूटर्स BGauss A2 और BGauss B8 को पिछले महीने पेश किया था। अब कंपनी ने आधिकारिक रूप से इसकी कीमत का खुलासा कर दिया है। कंपनी ने इन स्कूटर्स को कई बैटरी पैक और दो वेरिएंट में पेश किया है। कंपनी…
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Electric Scooter Market 2022 Global Industry Share, Growth, Drivers, Emerging Technologies, and Forecast Research Report 2028
Electric Scooter Market 2022-2030
A New Market Study, Titled “Electric Scooter Market Upcoming Trends, Growth Drivers and Challenges” has been featured on fusionmarketresearch.
Description
This global study of the Electric Scooter Market offers an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the market. There is also to the study approach a detailed segmental review. A regional study of the global Electric Scooter industry is also carried out in North America, Latin America, Asia-Pacific, Europe, and the Near East & Africa. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.
Request Free Sample Report @ https://www.fusionmarketresearch.com/sample_request/Electric-Scooter-Market/19714
The report offers detailed coverage of Electric Scooter industry and main market trends with impact of coronavirus. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Electric Scooter by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The major players included in the report are AIMA Yadea Lvyuan Lima Birdie Electric Lvneng Opai Sinski Aucma Sunra Byvin Lvjia Xiaodao Ebike Gamma Bodo Tailing Supaq Incalcu Slane Razor Yamaha
Based on the type of product, the global Electric Scooter market segmented into Electric Retro Scooter Electric Kick Scooter
Based on the end-use, the global Electric Scooter market classified into <14 yrs Consumer Age 14-35 yrs Consumer Age 36-60 yrs Consumer Age >60 yrs Consumer Age
Based on geography, the global Electric Scooter market segmented into North America (United States, Canada and Mexico) Europe (Germany, UK, France, Italy, Russia and Spain etc.) Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.) South America (Brazil, Argentina and Colombia etc.) Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
Enquiry before buying Report @ https://www.fusionmarketresearch.com/enquiry.php/Electric-Scooter-Market/19714
Table of Contents
1 RESEARCH SCOPE 1.1 Research Product Definition 1.2 Research Segmentation 1.2.1 Product Type 1.2.2 Main product Type of Major Players 1.3 Demand Overview 1.4 Research Methodology
2 GLOBAL Electric Scooter INDUSTRY 2.1 Summary about Electric Scooter Industry
2.2 Electric Scooter Market Trends 2.2.1 Electric Scooter Production & Consumption Trends 2.2.2 Electric Scooter Demand Structure Trends 2.3 Electric Scooter Cost & Price
3 MARKET DYNAMICS 3.1 Manufacturing & Purchasing Behavior in 2020 3.2 Market Development under the Impact of COVID-19 3.2.1 Drivers 3.2.2 Restraints 3.2.3 Opportunity 3.2.4 Risk
4 GLOBAL MARKET SEGMENTATION 4.1 Region Segmentation (2017 to 2021f) 4.1.1 North America (U.S., Canada and Mexico) 4.1.2 Europe (Germany, UK, France, Italy, Rest of Europe) 4.1.3 Asia-Pacific (China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific) 4.1.4 South America (Brazil,, Argentina, Rest of Latin America) 4.1.5 Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa) 4.2 Product Type Segmentation (2017 to 2021f) 4.2.1 Electric Retro Scooter 4.2.2 Electric Kick Scooter 4.3 Consumption Segmentation (2017 to 2021f) 4.3.1 <14 yrs Consumer Age 4.3.2 14-35 yrs Consumer Age 4.3.3 36-60 yrs Consumer Age 4.3.4 >60 yrs Consumer Age
5 NORTH AMERICA MARKET SEGMENT 5.1 Region Segmentation (2017 to 2021f) 5.1.1 U.S. 5.1.2 Canada 5.1.3 Mexico 5.2 Product Type Segmentation (2017 to 2021f) 5.2.1 Electric Retro Scooter 5.2.2 Electric Kick Scooter 5.3 Consumption Segmentation (2017 to 2021f) 5.3.1 <14 yrs Consumer Age 5.3.2 14-35 yrs Consumer Age 5.3.3 36-60 yrs Consumer Age 5.3.4 >60 yrs Consumer Age 5.4 Impact of COVID-19 in North America
Continue…
What our report offers: – Market share assessments for the regional and country-level segments – Strategic recommendations for the new entrants – Covers Market data for the years 2020, 2021, 2022, 2025, and 2028 – Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) – Strategic recommendations in key business segments based on the market estimations – Competitive landscaping mapping the key common trends – Company profiling with detailed strategies, financials, and recent developments – Supply chain trends mapping the latest technological advancements
Free Customization Offerings: All the customers of this report will be entitled to receive one of the following free customization options: • Company Profiling o Comprehensive profiling of additional market players (up to 3) o SWOT Analysis of key players (up to 3) • Regional Segmentation o Market estimations, Forecasts and CAGR of any prominent country as per the client’s interest (Note: Depends on feasibility check) • Competitive Benchmarking o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
ABOUT US:
Fusion Market Research is one of the largest collections of market research reports from numerous publishers. We have a team of industry specialists providing unbiased insights on reports to best meet the requirements of our clients. We offer a comprehensive collection of competitive market research reports from a number of global leaders across industry segments.
CONTACT US
Phone: + (210) 775-2636 (USA) + (91) 853 060 7487
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Why you should go for electric scooters
Besides being eco friendly and low in maintenance, there are many reasons to choose an electric scooter as your next two wheeler purchase. In this blog let’s go through some points which make them an apt choice as your next two wheeler.
1.Low Running Costs:
Electric vehicles might come to us a bit costly in the beginning but their low maintenance and a bundle of benefits cover the cost with time. On the other hand, regular two-wheelers may seem economical but the expenditure on fuels can become heavy on your pocket. Not only this, but the ever-rising fuel prices block the road. Thus, these reasons are making vehicle users shift to electric vehicles more prominently.
There are many electric vehicle manufacturers in India and one of them is Zelio. The company manufacturers products that are made with the latest technology, and durable materials. One of the most sold products is Speed X Electric Scooty. There are several features that you can enjoy at affordable prices.
2.Less Noise as Compared to Regular Bikes:
Electric vehicles are very silent as compared to traditional regular vehicles. In this way, noise pollution can be managed with the help of electric vehicles. This is a reason why people like to invest in electric scooters and bikes.
3.Light in Weight:
You can also try using an electric vehicle and see how lightweight it is. The main reason behind its light weight is its simple design and mechanism. They are compact and also, and the mechanism is very simple which makes electric vehicles to be liked by many. If you are looking for a lightweight electric scooter then try using GRACY I Electric Scooty. From efficient LED headlamps for low light conditions, to effective front storage space to being light in weight, all qualities can be found in one vehicle.
4.Design Options:
You get to choose from a wide variety of design options in electric vehicles. Many companies are manufacturing quality electric vehicles. One of the leading e-bike manufacturing companies in India is Zelio.
Zelio Auto Pvt Ltd-Future is Electric
It is a leading electric vehicle manufacturing company established in 2020. The main objective of the company is to change from gasoline bikes to battery-operated bikes and scooters. The company aims to create a greener value in the world by producing greener products for environmental benefits.
It uses cutting-edge technology and focuses on every minute detail. Thus, the company is able to build a loyal customer base by giving eco-friendly and affordable electric vehicles to the world.
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E-Bikes and the Future of Indian Roads
The Indian government is in the process of finalizing the National Electric Mobility Mission Plan (NEMMP) 2020. The plan envisages inducting more than six to seven million electric vehicles on Indian roads by 2030. This would require a massive investment in terms of infrastructure and technology.
Electric Scooter and Electric Bike Company can play a crucial role in this transition. They are much more affordable than cars, and their running costs are also lower. In addition, they cause less pollution and are more efficient in terms of energy use.
Charging Scooter offers a number of advantages over traditional bicycles, including:
1. They're much more efficient than traditional bikes, meaning you'll get further on less energy.
2. They're much easier to ride up hills, making them ideal for commuting or leisure rides in hilly areas.
3. Electric bikes typically have a much longer range than traditional bikes, meaning you can ride for longer without having to stop and recharge.
4. They're often cheaper to maintain than traditional bikes, as there are no gears to adjust or replace and very few moving parts that can break down.
5. Electric Scooter India are much more environmentally friendly than traditional petrol-powered bikes or cars.
The Indian government is already promoting the use of e-bikes through initiatives such as the FAME India Scheme. This scheme provides subsidies for the purchase of Buy Electric Scooter and Battery Scooty Price. The government is also working on a scheme to provide free insurance for electric two-wheelers.
E-bikes are still not very popular in India, but this is changing slowly. With the government's support, and with more people becoming aware of their benefits, it is likely that e-bikes will play an important role in the future of Indian roads. E-bikes are a great alternative to cars for many reasons. They're more affordable, cause less pollution, and are more energy efficient. If you're looking for a mode of transportation that is good for the environment and your wallet, an e-bike is a way to go!
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Three Wheel E-Scooter Market Study: An Emerging Hint of Opportunity by 2032
The three-wheel e-scooter market is expected to escalate at a CAGR of 2.4% from USD 1024.2 Million in 2022 to USD 1301.4 Million through 2032.
The rising use of electric scooters throughout the world is driving the three-wheel e-scooter market's growth, primarily to outcomes such as lower noise levels, cheap servicing costs, and remarkable mechanical performance.
Governments are also providing monetary and non-monetary incentives, which are driving the three-wheel e-scooter market forward. Consumers are becoming more aware of the ecological impact of traditional modes of transportation and are transitioning to electric vehicles. This is leading to a new opportunity in the changing three-wheel e-scooter market trends.
However, various restrictions are limiting the demand for three-wheel e-scooter progress. The lack of charging points, as well as concerns with energy capacity and endurance, are some of the reasons limiting the development of the global three-wheel e-scooter market.
Following the implementation of emission standards around the world, demand for three-wheel e-scooter is increasing. Regional and international institutions are investing significantly in research and development, which is believed to improve the global three-wheel e-scooter market.
The rise in adoption of three-wheel e-scooter is being accelerated by rising fuel prices. The three-wheel e-scooter market is expected to grow due to the high utility of three-wheel e-scooters which come in a variety of models and capabilities. Government initiatives to provide appealing discounts on three-wheel e-scooter are projected to increase the adoption three-wheel e-scooter globally.
KEY TAKEAWAYS:
The European three-wheel e-scooter market will command the largest portion of the market. The rapid development of infrastructure and the industrialisation of new technologies are boosting the growth of the European demand for three-wheel e-scooter.
In 2019, the 36V segment accounted for more than 60% of the three-wheel e-scooter market's The 36V battery segment's supremacy can be ascribed to its strong power output and compatibility with electric scooters.
Retro is predicted to be the most profitable area based on application. This is related to a move toward green vehicles for short-distance travel.
Due to its durability and low cost, sealed lead-acid batteries dominated the industry in 2021, accounting for about 62 percent of total sales of three-wheel e-scooter.
Key Segments
Battery Type:
Li-Ion
Ni-Mh
Lead Based
Others
Technology:
Plugin
Battery
Price Range:
Below US $ 200
US $ 200 – 375
US $ 375.1 - 750
US $ 750.1 - 1100
Above US $ 1,100
Distribution:
OEM
E-Commerce
Others
End Use:
Personal
Rental
Law Enforcement
COMPETITIVE LANDSCAPE:
Key companies profiled in the sales intelligence software market report include Invacare, Hero Moto Corp, Sunrise Medical Inc., Golden Technologies, Afikim Electric Vehicle, Pride Mobility Products, MERITS Co. Ltd, Energica Motor Company S.p.A., Hoveround Corporation, UK Mobility Group Ltd, VAN OS Medical UK Ltd, and EV Rider LLC.
To extend their market share, leading three-wheel e-scooter market players are focused on various strategic planning such as research and innovation, consolidations, and the introduction of new products.
The research offers a detailed competition analysis of these top sales intelligence software market competitors, including company biographies, recent developments, and important sales intelligence software market strategies.
RECENT DEVELOPMENT:
Due to increased demand, Hero Electric (India) increased the capacity of its new production facility in Ludhiana (India) in September 2021. By Q2 2022, the company has increased production capacity from 1 lakh to over 5 lakh automobiles.
In August 2020, Okinawa Autotech introduced the R30, a low-speed electric scooter with a top speed of 25 kilometres per hour.
For More Info@ https://www.futuremarketinsights.com/reports/three-wheel-e-scooter-market
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Top 5 Amazing Facts about Yamaha Bikes
Top 5 Amazing Facts about Yamaha Bikes
Yamaha Bikes, one of the best-known automobile brands, has several incredible facts about the brand that makes its industry journey unique. Today, Yamaha has an established feat in India. The coolest part is that it is a renowned automobile brand globally.
Especially talking about India, Yamaha bikes are sold here every day. Besides, it also comes with a warranty, and these reasons make it evident why Yamaha bikes' insurance plans are offered by so many agents and companies out there.
Yamaha sold 1.5 trillion yen bikes in 2020 globally. The sales during this time were low due to the global pandemic waive that slowed down the world economy. It was about 11% lower than the year 2019. The coolest part is that the company has restored its sales.
The most intriguing fact about the brand is that it began its industrial venture by selling musical instruments. Sticking to its roots, it even sells them now. Mainly the brand started its journey by fixing damaged reed organs in 1887. After years of sales in the industry, the founder of Torakusu Yamaha began the Yamaha Corporation with automobile sales.
There are several striking facts about the brand so let's unleash them!
Top 5 Amazing Facts about Yamaha Bikes
Yamaha manufactures the world’s most versatile, most capable bikes. This is what the owners believe in! Each of its motorcycles is made for freedom, adventure, and expression-loving people. But in the past few years, there has been a steady change in the motorcycle landscape. Most motorcycles are now electric or hybrid, making them more environmentally friendly. They also allow for a much smoother ride than traditional gas or diesel-powered motorcycles. There are several more amazing facts about it. Let's dig into detail!
1.
Yamaha Bikes Ownership
The Yamaha Motorcycle brand has a stance as a Public limited company. Thus ownership status means several shareholders own the company's stakes. However, as a matter of commitment, only members are involved in the decision-making process. One of them is Yoshihiro Hidaka, the President of Yamaha Co., although he's also the CEO (Chief Executive Officer) and a Representative Director. Besides, Mr. Hiroyuki Yanagi has the designation of both the Chairman and a Representative Directive. Both of them are the company's decision-makers.
2.
What does the logo reveal?
Yamaha's logo has had several modifications since the brand's launch. The noteworthy part is no matter whichever the logo, it always has a tuning fork in it. Well, the tuning fork signifies the company's origin and journey. As the brand made its venture into the industry as a musical instruments repair company, therefore, tuning forks convey the fact. Now, Yamaha is a prominent automobile brand globally, yet it has three tuning forks. These signify sales, production, and technology.
3.
Yamaha Bikes Price:
The Yamaha bike models range from 76,100 INR for Fascino 125, while the R15 V4 costs 1.88 lakhs INR. Yamaha bike price starts from Rs 76,100. The brand has eleven products in Petrol-powered two-wheelers. Besides, its latest model Yamaha MT-15 V2 also known as MT-15 2.0, stands as one of the leading sports bikes in India. Moreover, the Yamaha Aerox 155 is a popular scooter in India. Yamaha Automobiles is planning some more bikes like YZF R1 and the XSR155.
4.
Yamaha Bikes Country of Origin
The globally recognized brand originated in Japan by Torakusu Yamaha, who is again a Japanese person. This brand complies with all the Japanese ethics, and therefore it can be called an excellent Japanese brand.
5.
Yamaha Engines:
Yamaha is well known for its incredibly manufactured engines. Though the brand doesn't manufacture any cars yet, it manufactures car engines. These engines are used by renowned car brands, specifically Ford and Toyota, that majorly use them in their vehicles.
Yamaha bikes are known to be comfortable and less intrusive than regular bikes. They are also known for their comfort, and less noise makes them good for long drives, especially out in the countryside. The brand that initially started its journey by manufacturing musical instruments has established its prominence and reached a great feat in the Indian Automotive Industry in the 2-wheeler-segment.
For bold and stylish exteriors and incredible mileage, Yamaha has always been well-known. Be it for your regular errands or an adventurous Ling ride, the bikes will be your go-to companion everywhere.
Yamaha has an Indian subsidiary named Motor India Pvt Ltd. Its headquarters are in India, and regional production occurs here. Still, the root company remains Yamaha, having its headquarters in Japan. You know you are lucky and overwhelmed if you own a Yamaha. However, if you don't, the brand's bike is worth buying for adventures, sports, and even long drives to spend some quality time with yourself. It would help if you bought Yamaha bikes on Droom.
A Droom purchase has several perks like the worth grabbing deals, credibility and reliability, customer satisfaction, convenient shopping, and good after-sales service. So, what are you waiting for? Grab the deal now!
Original Source: https://mencarpics.com/top-5-amazing-facts-about-yamaha-bikes/
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