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E-bikes In India: The company is all set to bring its first e-bike on the Indian roads in the first quarter(April-June) of FY25, with the estimated price range of INR 2.5 lakh – INR 3 lakh. Raptee plans to launch its e-bike in the mid-premium segment and has showcased its first e-bike at the Global Investors Meet in Tamil Nadu in January.
The Interim Budget promises to support the electric vehicle sector by boosting manufacturing and charging infrastructure. This initiative is expected to increase the production and adoption of EVs and create around 2.5 lakh direct and indirect jobs in the next 4-5 years, according to staffing companies and experts. The expansion of manufacturing will lead to increased production capacities, fostering innovation and competitiveness.
EV manufacturers say that these initiatives announced by the FM today demonstrate the government's intention to further accelerate EV adoption in the country and also generate significant employment opportunities for the youth.
Players expect that the government rolls out details of the scheme in the coming days
News News: Discover how the automobile industry, including EV players, reacted to the Budget 2024 announcement by Finance Minister Nirmala Sitharaman, which focuses on boosting the electric vehicle scene in India and expanding charging stations and manufacturing facilities for electric vehicles.