Yamaha may look at entering electric two-wheeler segment in India
"Yamaha India believes success of electric products would depend on available infrastructure, affordability and acceptance by the customers."
Japanese two-wheeler major Yamaha is currently evaluating the electric mobility ecosystem in India and can look at entering the segment in the next few years, according to a senior company official.
"We are conducting a feasibility study on EVs (electric vehicles) and are trying to understand the market requirements as well as the government's roadmap on EVs. We might introduce electric vehicles in India in the next couple of years," Yamaha Motor India Sales (Senior Vice President) Ravinder Singh told PTI.
Electric vehicles are the future of the automobile sector and have a very high potential in the long term, he added.
"India can achieve success only through a clear roadmap, stable policy and proper planning," Singh said.
There are bigger challenges related to investments in infrastructure, charging stations, battery production and swapping infrastructure for electric vehicles, he noted.
Elaborating on the company's prowess in the EV segment, he said Yamaha already has a tie-up with Taiwanese manufacturer Gogoro to develop EVs in Taiwan.
The company has already launched the EC-05 electric scooter in Taiwan last year, Singh noted.
He further said, "But as we enter the new normal phase with the unlock, we must embrace a holistic evaluation of the current scenario in order to rethink about how the automobile industry can be restored to its pre-COVID glory."
Apart from fiscal policies, the current state of businesses and their economic implications demand more discerning public policies that encourage engagement and warrant public safety, Singh said.
On new product launches, he said the company has already launched BS 6 compliant scooters Fascino and Ray ZR, and 150cc bikes like the FZs, MT-15 and R15.
Besides, the company has also introduced BS 6 compliant FZS 25 and BS 6 version of FZ 25 in the 250cc category, he added.
Also Read:
NEW UPCOMING ELECTRIC CARS IN NEPAL 2020 | PRICE, SPECS
TVS MAX 125 PRICE IN NEPAL | SEMI TRAIL BIKE? | FIRST LOOK | SPECS
NEW UPCOMING BIKES IN NEPAL 2020 | SPECS, PRICE EXPECTATION
BAJAJ DISCOVER 125 PRICE IN NEPAL | FULL SPECIFICATION
KTM BIKES IN NEPAL WITH FULL SPECIFICATION AND PRICE
TOP 5 200CC BIKES IN NEPAL IN 2020 | UPDATED PRICE
DUCATI PANIGALE V2 LAUNCHED IN INDIA