Japanese major two-wheeler manufacturer, Yamaha, is currently evaluating entering the electric two-wheeler mobility segment in India. According to a senior company official, It may enter the segment in the next few years.
Currently, Yamaha has 3 manufacturing facilities of two-wheelers in India at Surajpur (Uttar Pradesh), Faridabad (Haryana) and Chennai (Tamil Nadu). They believe that the success of their electric two-wheelers would hugely depend on the availability of the infrastructure, affordability, and acceptance by the customers.
Ravinder Singh (Senior Vice President) of Yamaha Motor India Sales told PTI, “We are conducting a feasibility study on EVs (electric vehicles) and are trying to understand the market requirements as well as the government’s roadmap on EVs. We might introduce electric vehicles in India in the next couple of years.”
He also said that he believes in electric vehicles being the future of the automobile sector and that they have very high potential in the long term. Singh also said that India can achieve success only through stable policy, proper planning and a clear roadmap.
But according to Singh, there are bigger challenges related to investments in infrastructure, charging stations, battery production and infrastructures for electric vehicles.
The Current Scenario At Yamaha Motors
Ravinder Singh, elaborating on the company’s prowess in the electric-vehicle segment, said that Yamaha has the resources available to develop EVs in Taiwan as they already have a tie-up with Taiwanese manufacturer Gogoro.
He also pointed out that last year the company had already launched the EC-05 electric scooter in Taiwan.
What About GST?
The EV sector currently attracts a high range of GST at 28%. This may be one of the reasons why the EV segment is finding it so hard to revive. When asked if the reduction in goods and services tax (GST) on two-wheelers would help, Ravinder Singh agreed that a reduction in taxes would help and not just the business but the customers too.
Being concerned about the current COVID-19 pandemic, Ravinder Singh said that while entering the new normal, we need to rethink how the automobile industry can be restored to its glory as it was before COVID-19.
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To Sum It Up
Yamaha has always given the best to the Indian market and with the advancement in technology, we can see them entering into the EV segment. But we believe that it will take them a bit more time to set up the resources like manufacturing infrastructure, powering stations, and more.