News & Updates

The government of India began allowing the sale of e-3Ws without battery which significantly reduces purchase cost. The lightweight and compact nature of lithium-ion batteries, used in e-3Ws, makes it well-suited for the battery swapping model. In this model, a discharged battery can be replaced immediately with a fully charged one, offering consumers an experience similar to the re-fuelling of ICE vehicles. While the upfront cost may be reduced by about 30-40% for e-3Ws without battery, its operating cost will be relatively higher than e-3Ws with battery. E-3Ws with high assured utilization rates are a more profitable prospect for businesses, as they become cheaper to operate per km with increased utilization. This has been recognized by big companies in the Indian market.

The government of India has been responsive in recognizing the need for transitioning to electric mobility and has developed policies and schemes to direct growth in this direction on numerous occasions. To boost electric mobility, the government aims to support through subsidies about 5 lakh electric three wheelers in the country. The focus is also on creating electric charging infrastructure to promote the usage. Phase-II of FAME India Scheme is being implemented with a total budgetary support of ₹ 10,000 crores.

India is the largest producer and manufacturer of two wheelers in the world followed by the Republic of China. Rising fuel prices is one of the primary growth drivers for two-wheelers due to their higher fuel efficiency. In India, commuters across all age groups use motorized vehicles, especially two wheelers owing to the escalating population and rapid increase in traffic congestion, thereby making two wheelers as the most appropriate and convenient mode of transportation in urban areas.

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