The worldwide shift to greener and more sustainable technologies, particularly in the area of mobility, is well underway. The Indian market too has been gearing up for this shift and the time is ripe for an acceleration of pace in this direction.
While following general global trends, there are some ways in which the Indian market presents aunique case. Here, I present a segment-wise approach as follows:
Two & Three Wheelers: Electric– LITHIUM ION
One of the key distinctions of the Indian market for green mobility is that unlike in more developed countries, in India, 80 percent of the market is made up of two & three wheelers as modes of transport.
In the two-wheeler market, where a typical vehicle is not driven for more than 40 kilometers a day on average, the time is ripe for electrification. This can be a safe, reliable, greener and more cost-effective alternative to the existing ICE2 wheelers in the market.
Three-wheelers already present a very unique economic value proposition for deliveries and passengers for last mile connectivity and can thus be offered for these purposes in their electric avatar. The star prospect here is the e-rickshaw market, with a vast presence of 1.6 million already on the road and about 11,000 added every month.
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