Newsletter
Shares of Ola Electric Mobility gained nearly 3% in Monday’s trading session.
The why: this follows reports that government policy body NITI Aayog has called a meeting with major two-wheeler makers to fast track motorcycle electrification.
Fast-tracking motorcycle electrification cuts fuel costs, lowers pollution, boosts clean mobility, reduces oil dependence, and drives EV jobs and innovation.
Executives from Hero MotoCorp, Bajaj Auto, TVS Motor, Ola Electric, Ather Energy and Revolt are expected to join the deliberations.
Why it matters: government estimates say electric scooters could make up 80% of sales by 2030, but motorcycles may only reach 10%, pulling overall two-wheeler electrification to about 36%, far below policy goals.
Officials are likely to consider steps such as boosting production, lowering upfront prices, battery-swapping systems and flexible financing options to make electric motorcycles cheaper and more competitive.
