28/01/2021

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Far from FAME-II 10 lakh target by 2022, electric two-wheeler sales lurk at just 52,959 units since 2019, Auto News, ET Auto

New Delhi: The bold target of producing a sale of one million electric two-wheelers less...

New Delhi: The bold target of producing a sale of one million electric two-wheelers less than FAME 2 on the road by March 2022 is nowhere in sight, heading by the latest facts introduced by the Modern society of Electric Motor vehicle Manufacturers (SMEV).

The large-pace electric two-wheeler section clocked sales of 25,735 units in the January to December 2020 time period as in opposition to 27,224 units offered in the previous calendar yr, registering a decline of five.46%.

The sale under the scheme has remained only 31,813 units.
The sale less than the scheme has remained only 31,813 units.

Even though the decline was imminent thanks to the covid blow that has ruptured the whole automotive industry, the electric two-wheeler industry has been capable to weather conditions the pandemic a bit superior than envisioned.

But, if one particular looks at the larger scenario, the numbers aren’t that extraordinary thinking about the FAME 2 target.

The plan was released in April 2019 with a plan to set at the very least one million large-pace electric two-wheelers by March 2022 but the real cumulative sale since January 2019 has been 52,959 units. Meanwhile, the sale less than the scheme has remained only 31,813 units.

The FAME 2 scheme experienced some very good points but came with so many strings connected, most of them introduced prematurely or unnecessarily, which lead to the accomplishment of only four% of the mentioned targets.Sohinder Gill, SMEV Director

The scheme could not draw in the prospects to change from the polluting petrol bikes to electric two-wheelers, mainly since of the preconditions and qualification conditions of FAME 2 which produced the bikes unaffordable to the mass market purchaser inspite of the subsidy.

Sohinder Gill, Director Basic, Modern society of Manufacturers of Electric Motor vehicles commented, “The FAME 2 scheme came with so many strings connected, which experienced been introduced prematurely or unnecessarily and resultantly only four% of the mentioned targets could be realized.

Having said that, Gill even more added that inspite of the setback, the electric two-wheeler industry is observing a good sentiment and a really large amount of curiosity from the prospects.

If FAME 2 is rejigged to eliminate the unnecessary handicaps, the adoption can develop exponentially in a brief time, which could not only help achieve the mentioned objective, it can also catalyse important investments into ‘Made in India’ items and regionally sourced elements, he added.

SMEV urged the govt to come up with corrective steps that would help the industry to achieve the envisaged target of 10 lakhs of electric two-wheelers.

The central and condition govt in the new previous has taken many initiatives to propel EV sales such as the announcement to support battery producing in the country with an outlay of INR eighteen,000 crores and permitting the marketing of E2W without having battery, entry of set up gamers in the market, improve in citizens’ curiosity in eco-friendly vehicles, start-ups foraying into the industry with modern methods like funding, final-mile delivery, charging and many others.

“Possibly the only critical lacking connection is a sturdy, purchaser-welcoming FAME 2 plan,” remarked SMEV Director.