Yamaha Evaluating to Launch Electric Two-Wheelers in India
As per a report, Yamaha auto make company is also planning to assess to launch Electric Two-Wheelers in India, to completely replace the models that are run on internal combustion engines.
Japanese based major auto company, Yamaha is conducting to evaluate the possibility of launching new electric two-wheelers in the Indian market, a report by a top company executive of the company. The auto company may look at investing opportunities for power units and batteries for electric vehicles (Evs), a range of bikes and scooters in the country. As per the study, the company is also planning to assess, if electric vehicles could completely replace the models that are run on internal combustion engines.
"We are at present conducting a feasibility study in this area (electric two-wheelers). Yamaha has an edge in this segment as we already have such products in other countries. Transferring such products to India, it is not so difficult," Yamaha Motor Research and Development India MD Yasuo Ishihara told PTI.
"I believe that the EV products cannot be the complete replacement for the current internal combustion engines. This is one of the biggest study points," Ishihara said.
In order to safeguard its position in the country, the company also plans to continue with the development of traditional internal combustion engines.
"We have already started our feasibility study in order to achieve this target set by the government of India but at the same time we will continue to develop more highly efficient engines in order to cater to the demands of Indian customers," Ishihara said.
He said: "Investment shall mainly be for power units and batteries. Infrastructure development in collaboration with some partners may be another area where we would look forward to making our investments" about the company's investments plans about the Evs.
With the alarming rise in the air pollution, the government is also pushing for electric mobility in the country.
As per government report, Niti Aayog and Rocky Mountain Institute, India's move towards 100 percent electric vehicles fleet by 2030 could create a USD 300 billion domestic markets for EV batteries.