India’s goal is that at least 15% of the vehicles on its roads are electric in five years. By the looks of it, the electric two-wheeler market is what is going to make this possible: it is growing rapidly with a CAGR over 40% during the forecast period 2018-2025. The preference for two-wheelers in the Indian market is understandable due to the paucity of parking space.
With the electric incarnations too, the roadblocks for two-wheelers are fewer. They are lighter, can be charged quickly, often using existing plug points in homes, and their prices are not a whopping hole in the pocket. This shift is visible in the upward sales trend shown for the product:
Although the Indian market for electric two-wheelers is still in its nascent stages, there are multiple electric two-wheelers available for you to choose from, to have smooth, environment-friendly riding experience.
Here we list 5 of the models you can consider if you are planning to go down the two-wheeler route:
- Ather Energy: Ather 340 and Ather 450
- Hero Electric Optima Plus/ Hero Duet Electric
- Yo Xplor
- Okinawa iPraise
Ather Energy: Ather 340 and Ather 450
Ather Energy was founded by two IIT-Madras alumni in 2013, specifically because they felt the need for an EV model among two-wheelers that combines high capacity for range with high power output and fast charging abilities.
Ather 340 and Ather 450 are two models you can check out: equipped with a great design skeleton and added features, they can reach a top speed of 70 kmph and 80 kmph, respectively. The Ather 450 is equipped with a 2.4kWh Lithium-ion battery. The company has also created charging stations called AtherGrid.
Hero Electric Optima Plus/ Hero Duet Electric
With a starting price of around Rs 42,000, the Hero Electric Optima Plus is fast becoming a favourite. The model’s battery operates at around 350 watts of power, takes 6-8 hours to charge and runs 70km on a full charge. Due to the battery output, you do not need registration or license for this scooter. Another similar model is the Duet Electric. The electric motor can run in the range of 65 km in a single charge.
The YO Xplor can go between 35 to 55 kmph on power mode and takes 6-8 hours to charge. It can run for 105-110 km on a single charge and comes with a multi-reflector headlamp.
If you are looking for a two-wheeler around the Rs 40,000 price range, keep your eyes peeled for this Gujarat-based two-wheeler maker.
The Okinawa iPraise comes with a 40% lighter battery that delivers a range of up to a whopping 180 kms, with the top speed reaching up to 75 kmph. What’s more, the new battery takes only two to three hours to charge in total. The price is commensurate with its superior performance promise: it falls around Rs 70,000. It comes loaded with stylish built, great performance and other features like anti-theft mechanism, keyless entry, etc.
Driving on Indian roads can prove to be a daunting experience. The sheer traffic congestions and road conditions can be debilitating for cars and crippling for the drivers. Two-wheelers are the vehicle of choice and with electric vehicle wave riding high; it is only wise to get yourself one of these to traverse the traffic and parking woes with aplomb. Financing your electric two-wheeler dream is no longer a worry either, with the Two Wheeler Loan available at Finserv MARKETS to bring you easy finance with a cash repayment option.
You can find the bike of your choice and then just apply for a Bajaj Finserv Two Wheeler Loan from Finserv MARKETS to make it yours with minimal documentation and an entirely online process. In fact, Finserv MARKETS facilitate easy access to ongoing information about your two-wheeler loan including EMIs and loan summary.
Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. We understand that every individual is different and thus, when you plan to achieve your life goals or shop for the gadget of your dreams, we believe in helping you make it Happen in a few simple clicks. Simple and fast loan application processes, seamless, hassle-free claim-settlements, no cost EMIs, 4 hours product delivery and numerous other benefits. Loans, Insurance, Investment and an exclusive EMI store, all under one roof – anytime, anywhere!