TVS Motor, Hero MotoCorp turn to hybrid scooters; launch in a year

Feb 01 2013, 11:26 IST
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SummaryTwo-wheeler makers are eyeing new segments for growth as volumes in bread-and-butter bike models stagnate.

mandate the sale hybrid vehicles to some level in the cities,” he said.

There are many companies that already make electric scooters in India, such as Hero Electric, Electrotherm, but the market size has been limited to around 50,000-60,000 units a year because of high price, range issues and charging problems. Electric cars, however are currently only made by Mahindra-Reva in India, though Toyota Kirloskar, Tata Motors and Maruti Suzuki have all showed interest in the segment.

The government, however, is optimistic of electric/hybrid cars and is unravelling a policy that will take care of R&D, charging infrastructure, as well as subsidies at a cost of over R20,000 crore. It had commissioned a Booz & Co study in 2010, that said that 6-7 million electric/hybrid vehicles could run on Indian roads by 2020 given the right pricing.

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