Speaking to ET, Eishin Chihana, Chairman, Yamaha Motor India said Told That the speed of vehicle electrification in India has surprised the company and is “accelerating” product development for this market.
He said, “With rising fuel prices, coupled with low fuel efficiency of (petrol-powered) scooters, we expect the penetration (of electrification) to be very high in the scooter space.”
The report further states that Yamaha’s electric scooter is currently being developed by the R&D (Research and Development) team in Chennai. It is likely to be manufactured at Yamaha’s facility in Kancheepuram, Tamil Nadu. The company also expects that their electric scooter will perform similar to the 110-125 cc petrol scooter and can have a range of 50-60 km per charge.
The company will launch its Neo scooter in Europe this month. The company’s chairman said that the option being built in India can be a good solution for international markets including Europe.<!–
–>