Electric Bikes

Electric bikes to get cheaper upto Rs 3500

Gujarat government’s decision to reduce value added tax (VAT) on battery-operated two-wheeler seems to have started yielding results. Some of the leading players see prices of electric two wheelers in Gujarat coming down in the range of Rs 2,500 to Rs 3,500 as the electric bike makers in the state plan to pass on the benefit of reduced VAT to end users. Some of the leading electric two wheeler manufacturers such as Hero Electric, Electortherm and Ajanta are likely to cut the prices of their products.

India’s leading electric two-wheeler producer Hero Electric is planning to pass the benefit to the customers.

“Liker other players, we will also pass on this 10 per cent reduction to the customers,” said Sohinder Gill, CEO, Hero Electric. Gill is also director, corporate affairs, at Society of Manufacturers of Electric Vehicles (SMEV).

The demand for reduction in VAT levied on battery-operated two-wheeler in Gujarat was long pending.

“Finally, the Gujarat government reduced the VAT on e-bikes following which the cost of the product will come down by Rs 2500-3000 per unit in the state,” said Jaysukh Patel, managing director of Morbi-based Ajanta Group, which produces electric two wheeler under the brand name ‘Oreva’.

It may be mentioned here that Gujarat finance minister Vajubhai Vala slashed the rate of tax on battery-operated two-wheelers from 15 per cent to 5 per cent including additional tax in the annual state budget presented in the Gujarat assembly on February 24, 2012.

Ahmedabad-based Electrotherm India Ltd, another leading player in the electric two wheeler market, also feels the state government move would help ease prices of electric bikes in Gujarat. “Post reduction in VAT, price of such two wheelers will decline in the state,” said Avinash Bhandari, director, Electrotherm India Ltd. According to him the prices are likely to decrease by Rs 2500 to Rs 3500 per unit.

Read more @ Business Standard 

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Hero MotoCorp to unveil first petrol-electric hybrid scooter

NEW DELHI: Hero MotoCorp will deliver its first baby on Thursday, a little over a year after it divorced Honda, its partner of 27 years. The company will unveil a new petrol-electric hybrid scooter, developed without anyHonda DNA, according to a highly placed company source.

The Munjal family-owned Hero MotoCorp developed the scooter with active participation of an overseas engineering company, the source said, declining to name the tech partner.

The new scooter would also be the first global product from Hero MotoCorp, which is now free to sell bikes and scooters anywhere in the world.

The new scooter is aimed primarily at overseas markets, with cheaper versions for local buyers. It would deliver a fuel efficiency of 100 km per litre. “This combination works perfectly in a market where fuel prices are going through the roof,” said Deepesh Rathore, MD of international consultancy IHS Automotive India.

On Wednesday, Hero MotoCorp unveiled three products – a 110cc scooter Maestro, and two motorcycles, the 125cc Ignitor and 100cc Passion XPro - all developed with technological support from Honda. The Japanese company will cease all tech supplies to Hero MotoCorp from 2014.

Read full news @ Economic Times

KSIDC, Parallel Group to set up e-scooter plant in Kerala

Kochi, Nov 15 (PTI) Kerala State Industrial Development Corporation (KSIDC) today inked an MoU with the US-based Parallel Group to set up a joint venture to assemble and manufacture electric scooters in Kerala.

The MoU to assemble and manufacture electric mobility vehicles was signed in the presence of Minister for Industries and IT Government of Kerala P K Kunhalikutty, a KSIDC release here said.

After completing the Feasibility Report a production centre will be established in the state.
In the first phase, completely knocked down (CKD) parts will be imported and the vehicles will be assembled and distributed in the country. In the next phase, the components and parts will be manufactured and in the final stage the complete production line will be established.

Read more at  MSN News

Companiesandmarkets.com: E-bike Sales to Exceed 130 Million Units Per Annum by 2025

LONDON, Oct 18, 2011 (BUSINESS WIRE) — –Most rapidly growing and largest electric vehicle market segment is LEVs

–70 brands profiled within light electric vehicles report

As fuel costs rise, the global light electric vehicle market is experiencing rapid growth, according to a new report available on companiesandmarkets.com. E-bikes are the largest segment, forecast to achieve unit sales in excess of 130 million units by 2025.

Light Electric Vehicles 2011-2021

http://www.companiesandmarkets.com/Market-Report/light-electric-vehicles-2011-2021-683132.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba

Light electric vehicles are 2-3 wheeled vehicles, used on land, and powered by electric motors driven by batteries or fuel cells. They are so called because they typically weigh below 100kg.

The largest LEV segment is e-bikes, which come in several forms and are controlled by a throttle. Examples include traditional domestic bikes, motor scooters, mini motor scooters, tricycles, mopeds, motorcycles and segways. Scooters account for a large proportion of ‘power on demand’ e-bikes, and are particularly common in Asian countries, where almost all LEV components are easily obtained courtesy of an extensive supply chain.

E-bike companies currently dominate the LEV market, but vehicle and motorcycle manufacturers are widely tipped to erode market share in the future. Also over the course of the reporting period, it is expected that more and more LEVs will incorporate advanced power technologies such as supercapacitors and lithium-ion batteries. It is also expected that there will be some crossover between LEVs and mobility equipment, as well as increased interest in heavier electric motorbikes.

Dominated by China, the rapidly growing light electric vehicle market is one of the largest industries in the world by unit shipments. Strong demand for LEVs, particularly electric bikes or e-bikes, has been noted in Japan and the European Union, and interest from the rest of the world has been rising over the last few years.

The 210 page, August 2011 publication studies the global light electric vehicles market for the period 2010-2021, providing in-depth analysis of the market by value and units shipped, the participants, their products/techniques and the opportunities available. The markets are split by geography, covering China, Japan, India, Europe, USA and the Rest of the World.

Report Details:

http://www.companiesandmarkets.com/Market-Report/light-electric-vehicles-2011-2021-683132.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba

SOURCE: Companies and Markets, Marketwatch