DiscoverCars.Com

Honda Activa e: price won’t be dependent on govt subsidy

-
Honda Activa electric price, India launch details EV subsidy India

At a time when several OEMs are pushing for continued government support in the form of demand incentives for faster electric vehicle adoption, Honda Motorcycle & Scooter India (HMSI) is developing its EV portfolio in such a way that the product remains sustainable and its prices are competitive even without government subsidies. 

  1. Activa e: and QC1 are the first set of electric two-wheelers by HMSI
  2. While Activa e: has removable batteries, QC1 has a fixed battery
  3. Bookings for both these e-scooters will start in January

Honda Activa e:, QC1 pricing to be revealed next year

“We developed our products, keeping aside any kind of subsidy. We develop everything without any government intervention in terms of our products. Our pricing strategy will not be dependent on any government subsidies,” said Yogesh Mathur, director for sales and marketing at HMSI, while launching the company’s first set of electric two-wheelers.

Government subsidies in the form of demand incentives and waiver of registration fees have been very instrumental in driving the early-stage adoption of electric two-wheelers and three-wheelers. The Centre has been providing incentives since 2015 through FAME, EMPS and PM E-Drive schemes, and several OEMs have been saying that subsidies need to be continued for the industry’s sustained growth. 

Earlier this year, Hero MotoCorp CEO Niranjan Gupta said the EV market is still in its early stages, and he believed that subsidies will be necessary for a while to help the industry grow. Once it reaches a point where it can sustain itself financially, subsidies can be gradually reduced, he had said.

Also See: Honda QC1 electric scooter revealed alongside Activa e:

Honda has introduced the Activa e: and QC1 as the first set of its electric two-wheelers for the Indian market. Activa e: comes with a swappable battery solution, and the QC1 has a fixed battery. The company has yet to announce the pricing for both models. 

Currently, the government’s 2-year PM E-Drive scheme provides a subsidy of Rs 5,000 per kWh to electric two-wheelers with fixed batteries, subject to a cap of Rs 10,000 per vehicle. The subsidy will be tapered down to Rs 2,500 per kWh with a cap of Rs 5,000 per vehicle from April 2025. Senior government officials said the incentives are unlikely to be extended beyond FY2026. 

“We will start the booking for both the models in January. At that time, we will be announcing the price because we need to gauge in terms of the response from the market and price it accordingly. But the pricing will be affordable,” he said.

Also See: Honda Activa e: revealed with 102km range



from Autocar India https://ift.tt/K3ieN48

Comments

Post a Comment

Popular posts from this blog

550hp BMW M3 CS is the most powerful M3 yet

-
Image
BMW has taken the wraps off its most powerful M3 ever, the F80 M3 CS, which is even more powerful than the BMW M3 competition. The BMW M3 CS will be sold in sedan bodystyle only and in limited numbers worldwide.  BMW M3 sedan gets 550hp twin-turbo petrol Does 0-100kph in 3.4 seconds Gets BMW’s xDrive AWD tech with selectable RWD BMW M3 CS: design and interior  The M3 CS is set apart from the M3 Competition visually by a raft of design tweaks, such as an angrier-looking, open front grille designed to match the front end of BMW’s GT4-spec M4 racer. Gaping air intakes round off the new-look nose. These are joined by a host of items that enhance aerodynamics, such as a wide front splitter and a lipped rear spoiler. It gets special V-spoke gold wheels – 19-inch at the front and 20-inch at the rear – shod with track-focused tyres. The M compound brakes come with red calipers, while carbon-ceramic brakes are also available. The interior broadly matches that of the M3 Compe...
Read more

Electric Volvo S90 replacement specifications leaked

-
Image
Details have emerged of Volvo 's new flagship electric saloon – a model internally codenamed as the V551, but expected to take the ES90 name when it goes on sale in 2025. The model will be produced at a factory owned and operated by Volvo’s parent company Geely in China, as revealed in a photograph and specifications leaked by the company’s board, beginning in May 2024. All-electric ES90 sedan to share underpinnings with EX90 SUV Will come with 111kWh battery pack with up to 600km range Will rival the likes of Mercedes EQE sedan and BMW i5 A photograph published to Volvo's employee intranet shows members of Volvo’s production team in Zhejiang huddled around signs that read “Volvo Cars V551 First VP Car Celebration” and “Confidential Top Secret". The reference to VP stands for 'Verification Prototype'. The car, however, is completely obscured from view, ahead of an expected unveiling in the coming months.   Volvo electric sedan specifications leaked The lux...
Read more

TVS’ scooter market share increases in the April-January period

-
Image
After seeing a sustained slowdown for over two years, India's scooter market is finally recovering. As per the wholesale numbers, released by Society of Indian Automobile Manufacturers (SIAM), a total of 43,61,347 units were dispatched in the April 2022 to January 2023 period. This is an increase of 9,79,594 units or a 29 percent year-on-year increase - April 2021-January 2022 was 33,81,753 units. Petrol scooter OEMs market share: details The top five OEMs account for 41,35,615 units or 95 percent of the total but dissect this further and the top three players – Honda Motorcycle & Scooter India (HMSI), TVS Motor Company and Suzuki – cumulatively have 36,69,244 units or 84 percent of the industry numbers. While these three have each recorded over 20 percent growth, the fastest growth (at 50 percent) comes from TVS, which is reflected in its 24 percent market share, up from 20.42 percent a year ago. Scooter market leader HMSI with 20,43,993 units has recorded 24 percent grow...
Read more