Yamaha to speed up entry of EV in India

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New Delhi: Japanese dual carmaker Yamaha Motor is developing an electric scooter on the Indian market that could be on the road for the next two to three years.

The speed of motor vehicle installation in India has surprised the company and is “accelerating” the product development of this market, Yamaha Motor India chairman Eishin Chihana told ET.

India could also turn into an important base for an electric motorcycle export company in Europe and emerging markets.

“Due to the increase in fuel prices, and the reduction in fuel capacity of the scooter (driven by petrol), we expect more (electricity supply) to be available in the space of the scooter,” he said, adding that he was already modeling electricity. electric scooter.

The product is currently being developed by its R&D team in Chennai. It may have been made at the Yamaha Center in Kancheepuram in Tamil Nadu.

The manufacturer of the Fascino 125 motorcycle and the FZ X motorcycle expects the performance of its electric scooters to be similar to that of the 110 125 cc petrol engine. They may have a range of 50-60 kms per charge.

“Our study says, the average city traffic is from 30-35 kms per day so our motorcycle will touch you during development,” Chihana said.

While the scooter is being replaced by its existing production in Europe, the Indian version will find its own battery management system and adaptation to the country’s climate and climate, he said.

He expects 30% of Indian scooter buyers to choose a clean electric train over the next three to five years.

The company will launch its Neo Scooter in Europe this month. Another development in India could be a good solution for international markets including Europe, the chairman said.

“India is one of the key areas of Yamaha’s export strategy for the next decade. an important role in the future delivery of EVs, ”he said.

Yamaha Motor India ended the last financial year with a market share of 3.53%, selling less than half a million units. Chihana has set a target for the company to double its market share over the next three to four years.

first published:June 8, 2022, 6:30 p.m.

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