Increased Subsidy For Electric 2-Wheelers by Govt. Under FAME-II Scheme Will Increase Adoption and Stimulate R&D
Increased Subsidy For Electric 2-Wheelers by Govt. Under FAME-II Scheme Will Increase Adoption and Stimulate R&D.
Mr. Pankaj Tiwari, Chief Marketing Officer, Nexzu Mobility, said – “Government’s move to increase subsidy to electric bikes and scooters by 50%,subject to those that meet the FAME II criteria, is a welcome stimulus which will boost adoption and encourage research & development and innovation for enhanced customer experience. The development will surely provide a fillip to Indian EV companies to manufacture the finest, electric high speed mobility solutions. It will also help firms to boost the growth of EV space across the nation.
However, we would also like to see electric bicycles fall in the ambit of the Fame II policy with an independent incentive for two wheelers based on some of the key features like battery power etc..”
About Nexzu Mobility:
Formerly Avan Motors, India’s fastest-growing electric vehicle manufacturer, Nexzu Mobility is a leading solutions provider in the e-mobility space. Founded in 2015 with the intention of bringing stylish and futuristic eco-friendly vehicles to consumers at an affordable price, Nexzu Mobility has evolved into a holistic electric mobility company that operates in both B2B and B2C segments.
Laying special emphasis on after-sales service, Nexzu Mobility aims to provide its customers with the best facilities and professionals for their EV needs. Its range of products includes state-of-the-art, affordable and delightful e-scooters (Dextro and Dextro+) and e-cycles (Roadlark, Aello and Rompus).
With a manufacturing plant at the automotive hub of Chakan, the company has over 70 touch points across India and aims to revolutionize electric mobility space in the country.
Mr. Ketan Mehta, CEO and Founder, HOP Electric Mobility commented, “The revision in the FAME policy will help Indian EV companies in better development and sale of electric products amid the pandemic.
This subsidy will help us to accelerate the demand of EV products amid the pandemic and help the market to grow immensely. We also believe that it will promote the development of a strong EV ecosystem along with the goal to make our products 100% Made in India.”
About HOP Electric Mobility
With the vision to become the world’s leading provider of green, sustainable and energy-efficient two-wheelers, HOP Electric Mobility Private Limited has three market-ready products, two e- scooters and one e- motorcycle.
The brand plans to launch at least ten new products in the next three years. HOP’s 40,000 square feet manufacturing facility is in Jaipur, and it plans to expand its footprint countrywide soon.
HOP aspires to establish itself as the most innovative and trusted electric vehicle brand for every customer and assist them in becoming more independent, technology-savvy while being environmentally friendly.
Revolutionizing the booming Indian electric mobility space, the company aims to cater to the growing needs of e-vehicles enthusiasts.
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