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sokudoindiaev · 6 months ago

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Electric Scooter Online Booking: The Convenient Way to Go Green

The shift towards sustainable transportation has never been easier, thanks to the advent of online booking for electric scooters. As more people embrace eco-friendly commuting options, the ability to purchase electric scooters online offers unmatched convenience and a seamless shopping experience. This blog explores the benefits of booking electric scooters online, the leading platforms offering these services, and tips for making the best purchase.

Why Book an Electric Scooter Online?

Booking an electric scooter online comes with several advantages that enhance the overall buying experience:

Convenience: Shop from the comfort of your home, without the need to visit multiple showrooms.

Variety: Access a wide range of models and brands, often with detailed specifications and customer reviews.

Special Deals: Benefit from exclusive online discounts, promotional offers, and financing options.

Easy Comparison: Compare different models based on features, prices, and user ratings to make an informed decision.

Home Delivery: Enjoy the convenience of doorstep delivery, often with minimal delivery charges or even free shipping.

Leading Platforms for Online Electric Scooter Booking

Several online platforms have emerged as trusted destinations for booking electric scooters in India. Here are some of the top options:

1. Manufacturer Websites

Many electric scooter manufacturers offer direct online booking options on their official websites. This ensures you get the latest models and authentic products straight from the source. Notable manufacturers with online booking include:

Ather Energy: Offers detailed product information, test ride bookings, and easy online purchase options.

Ola Electric: Known for its user-friendly booking process and extensive customer support.

Bajaj Auto: Provides a straightforward booking process for their Chetak electric scooter.

2. E-commerce Platforms

Major e-commerce platforms like Amazon, Flipkart, and Paytm Mall have also entered the electric scooter market, providing a variety of models with customer reviews and ratings.

Amazon India: Features a wide range of electric scooters with detailed specifications and customer feedback.

Flipkart: Offers exclusive deals and financing options, making it easier to own an electric scooter.

3. Dedicated EV Marketplaces

Specialized online marketplaces focus solely on electric vehicles, providing a curated selection of electric scooters along with expert advice and customer support.

EV Plugs: A platform dedicated to electric vehicles, offering comprehensive information and easy booking options.

BikeDekho: Provides detailed comparisons, expert reviews, and seamless booking processes for electric scooters.

How to Book an Electric Scooter Online

Booking an electric scooter online is a straightforward process. Here are some steps to help you get started:

Research: Start by researching different models and brands. Consider factors like speed, range, battery life, features, and price.

Compare: Use comparison tools available on e-commerce platforms or dedicated EV marketplaces to compare models side by side.

Read Reviews: Check customer reviews and ratings to gauge the performance and reliability of the scooters you are interested in.

Check Offers: Look for special deals, discounts, and financing options that can make your purchase more affordable.

Place Order: Once you have made your decision, follow the booking process on the platform. This usually involves selecting the model, color, and any additional accessories or insurance options.

Payment: Complete the payment process using your preferred payment method. Many platforms offer EMI options and credit card discounts.

Delivery: After booking, you will receive confirmation details and an estimated delivery date. Track your order until it arrives at your doorstep.

Tips for a Successful Online Purchase

Verify Authenticity: Ensure you are purchasing from an authorized seller or the official website to avoid counterfeit products.

Check Return Policy: Understand the return and exchange policies in case you encounter any issues with your purchase.

Warranty: Confirm the warranty details and service support available for the electric scooter.

Customer Support: Choose platforms that offer robust customer support to assist you with any queries or issues during the purchase process.

Conclusion

Booking an electric scooter online is a convenient and efficient way to join the green mobility revolution. With numerous platforms offering a wide range of options, detailed information, and attractive deals, the process has never been easier. By following the tips provided, you can ensure a smooth and satisfying purchase experience, paving the way for a sustainable and eco-friendly commuting future.

Source by: https://sites.google.com/view/sokudoindia-/electric-scooter-online-booking-the-convenient-way-to-go-green

#buy electric scooter online #buy electric scooter online india #electric scooter online booking #best electric scooter to buy

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wealthview · 11 months ago

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Ola Electric IPO Date, Price, GMP, Review, Company Profile, Risks & Financials 2023

New Post has been published on https://wealthview.co.in/ola-electric-ipo/

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.

Page Contents

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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?

#IPO

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martin-cambell · 1 year ago

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The all New Ola S1 Air: Review, Price, Features & Performance

In the fast-paced realm of electric vehicles, the Ola S1 Air has emerged as a beacon of innovation and affordability, captivating the market with its groundbreaking features. A year after its initial announcement in 2022, the landscape has undergone a significant transformation, redefining not only the scooter's specifications but also the entire electric vehicle ecosystem.

Originally conceived with a sub-Rs 80k introductory price and a 2.5kWh battery, the Ola S1 Air promised to usher in a new era of transportation. However, the dynamic nature of the electric vehicle industry, coupled with shifts in government subsidies, prompted Ola to reevaluate its strategy. The result is a revamped S1 Air with a Rs 1.2 lakh price tag and a robust 3kWh battery pack, showcasing the adaptability required in this ever-evolving industry.

The evolution of the Ola S1 Air reflects the intricate dance between technological advancements, regulatory changes, and consumer expectations. Aesthetically, the scooter maintains its joyful demeanor with dual-tone color schemes, but subtle design changes beneath the surface signal significant improvements. The transition to a traditional telescopic fork and the use of cost-efficient materials align with Ola's commitment to providing an affordable yet stylish electric scooter.

Part of Ola's Gen 2 platform, the S1 Air introduces a chassis designed for scalability and incorporates lighter yet stronger construction. Technological innovation takes center stage with a redesigned battery pack, faster computing architecture, and advanced features seen in pricier models, reaffirming Ola's dedication to a feature-rich experience.

The heart of the S1 Air lies in its motor, which, despite a peak output of 6kW (lower than the S1 Pro), delivers a commendable top speed of 90kmph. However, peculiarities such as a high-pitched electronic sound and a slight jerk during acceleration raise questions that may require further attention.

Ride comfort sees improvement with better suspension, offering a more pleasant experience for riders. Yet, fit and finish concerns persist, suggesting room for refinement in the scooter's overall build quality. The battery performance, with a certified range of up to 151km and reasonable charging times, positions the S1 Air as an eco-friendly and affordable choice for urban commuting.

The Ola S1 Air experience is a reflection of the brand's commitment to innovation, performance, and accessibility. While glitches and flaws emerge, signaling the need for ongoing refinement, the S1 Air stands as a compelling option in the electric scooter market. As Ola continues to address these concerns, prospective buyers are advised to approach with cautious optimism, recognizing the S1 Air's role as a symbol of progress in the exciting future of electric urban commuting.

To read more, click here.

Discover the fascinating world of advanced electric vehicles and beyond with SearchEV, your ultimate gateway to awe-inspiring EV technology and much more!

#ola #electric scooter #Ola S1 Pro #S1 Pro #ola electric #electric vehicles

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bikekharidoblogs · 1 year ago

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India’s First Kawasaki ZX4R Detailed on Tape

In September, Kawasaki India launched the Ninja ZX4R superbike in the Indian market, which was priced at Rs 8.49 lakh. This is India’s first Kawasaki ZX4R on tape.

The ZX4R is likely one of the most iconic 400-cc bikes within the country. Recently, the first Kawasaki Ninja ZX4R was showcased in India in an online video with an in depth review by YouTuber bikewithgirl.

You may like it : Best Bikes in India 2023

India’s First Kawasaki ZX4R

This video comes from BikeWithGirl on YouTube. The popular YouTuber provides a whole walkaround tour of this beautiful motorbike. She has the bike in black colour.

You may like it : Royal Enfield Himalayan 452 Production Starts

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The bike boasts a muscular look with a smooth front fascia, a large side fairing, a compact however sporty handlebar, Ninja lettering on the underbelly protector, a strikingly sculpted fuel tank, a split-seat association, a distinguished exhaust pipe with refined exhaust observe, a massive 17-inch front and rear alloys with broad tyres – 120-section on the front and 160-section on the rear.

You may like it : Best Electric Bikes in India

Features

Since this can be a premium 400-cc motorbike, there are many new-age features . This includes an intuitive 4.3-inch TFT color display for rider information, using modes, traction management, fast shifter, smartphone connectivity by way of RIDEOLOGY THE APP, LED lighting, and much more. It is a feature-rich motorbike which lots of people would appreciate.

You may like it : Ola Electric Scooter Battery Price

You may like it : Best Electric Bikes in India

Specs

When it comes to specs, the Kawasaki ZX4R comes with a potent 399-cc liquid-cooled 4stroke in-line 4-cylinder DOHC engine which generates 80 PS (with Ram air intake) @14,500 RPM and 39 Nm @13,000 RPM of peak power and torque.

It has a high-tensile steel Trellis frame. There’s a 37 mm inverted fork on the front with 120 mm travel and an adjustable rear shock absorber suspension with 112 mm travel.

Moreover, the front tyre has dual semi-floating 290 mm discs and a 220 mm rear disc. It has a ground clearance of 135 mm, a fuel tank capability of 15 litres and a kerb weight of 189 kg.

#Indias #Kawasaki #ZX4R #Detailed #Tape #Youtube

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silveline01 · 1 year ago

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Which are the Best Electric Scooters in India?

Electric scooters have become a popular and eco-friendly mode of transportation in India, offering a convenient and cost-effective way to commute in urban areas. With the rise in environmental awareness and the need for sustainable transportation options, Best electric scooters manufacturer in India. have gained immense popularity. In this article, we will explore the best electric scooters in India, with a specific focus on Silveline electric scooters.

The Growing Trend of Electric Scooters in India

In recent years, electric scooters have witnessed a significant surge in demand in India. As concerns over pollution and the high cost of traditional fuel continue to grow, more and more people are making the switch to electric scooters. These vehicles are not only environmentally friendly but also cost-effective in the long run.

Factors to Consider When Choosing an Electric Scooter

Before diving into the specifics of electric scooters, let's understand the factors to consider when choosing the right electric scooter for your needs.

Battery Life

Battery life is a critical consideration. Longer battery life ensures that you can travel longer distances without the need for frequent recharging.

Range

The range an electric scooter can cover on a single charge is vital. It determines how suitable the scooter is for your daily commute.

Speed

Speed is an essential factor, especially if you plan to use your electric scooter for quick city commuting. Different models offer varying top speeds.

Price

The cost of the electric scooter is a significant factor for most buyers. You need to find a scooter that fits your budget.

Brand Reputation

The reputation of the brand matters. Established brands are more likely to offer reliable products and better customer support.

Electric Scooters: An Overview

Now, let's shift our focus to electric scooters is a renowned name in the electric scooter industry, known for its innovative and high-quality products.

Features and Specifications

Silveline electric scooters come with a range of impressive features, including long-lasting batteries, impressive speed, and advanced safety features.

User Reviews

User reviews have been overwhelmingly positive, with customers praising the durability and performance of Silveline electric scooters.

Top Electric Scooters in India

In addition to Silveline electric scooters, there are other popular models worth considering when shopping for an electric scooter in India.

Silveline Electric Scooters

Silveline offers a range of models to cater to different customer needs. Their scooters are known for their sleek design and high performance.

Bajaj Chetak

Bajaj Chetak is another well-known electric scooter in India, featuring a classic design and impressive features.

Ather 450X

The Ather 450X is known for its advanced technology and smart features, making it a favorite among tech-savvy users.

TVS iQube

TVS iQube is a stylish and energy-efficient electric scooter, perfect for city commuting.

Ola Electric S1 Pro

Ola Electric S1 Pro offers a blend of style and performance, making it a strong competitor in the market.

Comparing Silveline Electric Scooters to Competitors

Now, let's compare Silveline electric scooters to some of the top competitors in the market. This comparison will help you make an informed decision.

Pros and Cons of Silveline Electric Scooters

Every product has its strengths and weaknesses. Here, we'll highlight the pros and cons of electric scooters to help you assess if they are the right choice for you.

Frequently Asked Questions (FAQs)

Are Silveline electric scooters suitable for long-distance commuting? Silveline electric scooters offer a decent range and are suitable for daily commuting within the city. However, for very long distances, you may need to consider recharging.

What is the average lifespan of a Silveline electric scooter's battery? The lifespan of the battery depends on usage, but on average, it can last for several years.

Is Silveline a reliable brand for electric scooters? Silveline has built a reputation for quality and reliability, making them a trusted brand in the industry.

Do Silveline electric scooters come with a warranty? Yes, electric scooters typically come with a warranty that covers various components.

What is the maintenance cost for Silveline electric scooters? Maintenance costs for Silveline electric scooters are generally lower than those of traditional petrol scooters.

Conclusion

In conclusion, electric scooters are an excellent choice for eco-conscious individuals seeking a convenient and economical mode of transportation. Silveline electric scooters, with their impressive features and positive user reviews, are a strong contender in the Indian market.

Visit Source URL:- https://medium.com/@silvelineevindia/which-are-the-best-electric-scooters-in-india-9851104a4707

#electric scooters #electric bike

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santumajumdersblog · 2 years ago

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Convenient Test Ride & Full Review of Ola S1 Pro Electric Scooter | Gove...

#youtube

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plugincaro · 1 month ago

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How to repair Ola Electric Scooter? | Easy

All you need to repair an Ola Electric Scooter is a screw driver and Allen Keys… its as easy as that… parts are already available on Amazon. Continue reading How to repair Ola Electric Scooter? | Easy

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#Electric scooter #electric scooter review #electric scooters #ola electric scooter repair #ola electric scooter review #ola electric scooter service

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vmantras · 3 months ago

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Ola S1 Air: Advanced Features for Reliable Urban Commuting

₹1,04,999/- General Overview: Model: S1 Air Colors: Available in six vibrant colors—Liquid Silver, Coral Glam, Midnight Blue, Stellar Blue, Porcelain White, and Neon—offering a range of aesthetic choices that cater to different styles and preferences. Warranty: 3 years, with coverage of up to 40,000 km, providing users with reliable after-sales support and peace of mind. Connected…

#Latest electric Scooter #New electric Scooter #news #OLA #Ola S1 Air #Review #tech #technology #Upcoming electric Scooter

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krehssttechsolution · 2 years ago

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The Indian Electric Vehicle Market Achieved a Significant Milestone

In 2022, EV retail sales surpassed one million units or 4.7% of all vehicle sales. The government’s Vahan website states that approximately 9,89,000 EVs have been registered with regional transport offices as of 29th December 2022. The figures already indicate an increase of more than three times from 2021 (without Telangana data).

The major drivers of the rise have been EV automotive and mobility fleet operators and individuals purchasing two-wheelers. New models, more charging stations becoming available, and reduced operating costs have all attracted customers. Manufacturers like Tata Motors, Ather Energy, and Ola Electric stand to gain the most from the rising use of EVs.

In October, November, and December, EV sales per month exceeded the 1,00,000 mark due to high demand during festival season and year-end purchases. 1,02,000 electric vehicle registrations were made in December, compared to 115,000 and 119,000 sales in October and November.

Even though sales for the industry were down in December, Tata, the dominant player in the four-wheeler market, passed the 50,000 EV mark. It became the first vehicle manufacturer in India to do so this year thanks to its aggressive strategy in the EV market and automotive executive search firms, which helped increase its customer base and raise the necessary awareness. Tata Motors currently control 85% of the market for electric passenger vehicles. According to predictions from the industry, if this year’s trends continue, EV sales might reach 1,00,000 each month over the following 12 months.

Challenges Ahead

The Society of Manufacturers of Electric Vehicles predicts that by 2025, internal combustion engines will have transitioned to electric power by 30%. However, the auto industry’s reluctance to spend more on EVs, the lack of a long-term strategy, and an increase in Covid cases put the sector in severe danger. To prevent over-dependence on suppliers like China, automotive executive headhunters embarked on a long-term policy with a strong emphasis on sourcing great resources within India. Additionally, executive recruiters in the automotive industry are important for a solid supply chain of personnel and essential raw materials like rare earth metals. The EV industry’s expansion goals could be hampered if these aren’t in place.

The ambitious target set by the government is for EVs to account for 30% of private automobiles, 70% of commercial vehicles, and 80% of two- and three-wheelers by 2030. Especially for passenger cars, the auto industry today has a fairly solid order book. Since most of these orders are for high-end models, servicing them will require larger quantities of semiconductors.

The FAME Scheme

In 2015, the government adopted the Faster Adoption and Manufacturing of Hybrid and EV (FAME) scheme for INR 8.95 billion (USD 130 million) to prioritise the transition to e-mobility. This scheme provided subsidies for electric two-wheelers like scooters, electric three-wheelers, and e-cars. INR 8597 crore has been granted incentives under Phase II of the FAME Scheme, which was introduced in 2019. INR 1000 crore has been designated for the construction of charging infrastructure, giving rise to recruitment agencies for the automotive industry due to the rise in workforce demand.

EVs are regarded as the future of the automotive industry as the global energy landscape shifts in favour of renewable and sustainable energy sources in all spheres of life. The demand for EVs will only increase with new government policies and incentives.

Krehsst has continuously reviewed and improved its processes, and as a result, its systems and procedures keep up with the speed of automotive executive recruiters in the industry. Whatever your sector, you can rely on Krehsst’s experience for cutting-edge talent solutions while concentrating on attaining higher savings.

In E-mobility we have extensively worked on powertrain technology, battery management system, and the complete ecosystem of hardware/power electronics, and embedded software in the Electric Vehicle industry. We stand out from other recruitment consultants with our in-depth knowledge of electric vehicle integration.

Challenges Ahead

The FAME Scheme

#automotive executive search firms #automotive executive recruiters #krehssttechsolutions

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