Earlier this month, Yamaha revealed its Fascino 125 FI Hybrid and now the Japan-based manufacturer is planning to launch an electric scooter in the Indian market, joining the list of growing two-wheeler manufacturers in India.
While there are several electronic vehicle makers in India in the two-wheeler segment, only Bajaj and TVS are the mainstream brands as others are startups trying to establish themselves in the market. If Yamaha’s plans work out, then it will be the third major company in the EV sector in India.
Yamaha Motor India Sales Pvt Ltd’s Senior Vice President Ravinder Singh has confirmed that the company is already developing an EV for India, as well as international markets. However, a lot will depend on India’s electric vehicle policy as the company is expecting a provision that encourages the rapid development of EV infrastructure in the country.
The Japanese company already has a deal with GoGoro in Taiwan to sell its own, redesigned EVs that are based on the GoGoro platform. However, the EC-05 electric scooter won’t be coming to India. This is because GoGoro has already signed a deal with Hero MotoCorp for battery swapping infrastructure, as well as the creation of new electric scooters based on the GoGoro platform.
Yamaha has a brand-new platform under development in the company’s headquarters in Japan, and this platform will be used in India as well as overseas. However, it’s likely that this upcoming product won’t be available for purchase any time soon.
While Bajaj and TVS are selling electric vehicles in India, companies like Hero and Suzuki have already confirmed that their EVs should arrive in the market within the next year or so, increasing the competition in India.
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