The electric scooters are gaining popularity among Indian buyers. Though, the market penetration isn’t that significant due to their high prices. Most of the electric scooters cost above Rs 1 lakh, therefore the two-wheeler manufacturers including Bajaj Auto, TVS Motor Company and Ather Energy are planning to bring in more affordable e-scooters. These will be the low-cost variants of their existing electric scooters that will be launched in the next 12-18 months.
The new affordable electric scooters from Bajaj, TVS and Ather are likely to be priced around Rs 70,000 – Rs 80,000. The models will have slightly less powerful powertrain than their premium variants. With an aim to tap the electric two-wheeler market, the companies will also introduce the mass-market products and significantly increase their production capacity in the next couple of years.
Upcoming Affordable Electric Scooter – Bajaj
As per the report, Bajaj Auto has planned five scooters that will help the company achieve around 15% of the electric two-wheeler market by 2024-25. All upcoming new scooters will sit below the existing model. The first affordable electric scooter from Bajaj (codenamed H107) is likely to enter into production in the next fiscal year. Initially, the company will produce 2,000 units per month that will gradually be increased to 10,000 units.
Upcoming Affordable Electric Scooter – TVS
TVS Motor Company will bring in the affordable variant of the iQube that has average monthly sales of 9,000. Internally known as U546, the electric scooter is expected to enter into production in the first month of 2024. The model will have a monthly production rate of 25,000 units.
Upcoming Affordable Electric Scooter – Ather
Ather’s affordable electric scooter (codenamed 450U) is likely to arrive sometime in 2024. It could be the lower specification variant of the Ather 450X. The two-wheeler maker aims to manufacture 30,000 – 33,000 units per month.
