Komaki electric scooter. Image – Hello EV

Komaki announces price subsidy for its electric two-wheelers and continues to expand its dealer network

Following further updates to the Fame II EV policy last week, manufacturers stepped in to announce a price cut almost immediately. India’s electric vehicle industry, although small, has seen a lot of activity from new age electric two-wheeler manufacturers in recent years.

Being a nascent industry has ensured a level playing field for new entrants. Considering that a transition is expected in the coming years, new players are using the current timeline to establish their brand and products. Komaki announced a price subsidy in Delhi for its limited product line. The company also set foot in Delhi with the launch of a new dealership this month. Komaki is already selling its vehicles through dealers in Kerala, Gujarat, Karnataka and West Bengal, starting in February 2021.

Komaki Delhi Dealers

The dynamics of gasoline prices continued to increase. These numbers are now consistently bouncing above the Rs 100 mark. This too can be a serious consideration when it comes to buying a two-wheeler. This, and the current drop in prices, puts the manufacturers of electric two-wheelers in an enviable position.

At the very least, the situation is likely to improve public interest in electric two-wheelers. An opportune moment for manufacturers of electric two-wheelers to establish their position not only as a greener choice, but also as a cheaper alternative to vehicles with combustion engines.

Komaki electric motorcycle
Komaki electric motorcycle

Until 2021, Komaki has sold more than 14,500 vehicles. This counts for something since the company has only recently started its sales operations and is currently continuing to build its sales network. The most recent concession covers 1,500 square feet in the Jhandewalan area (110055). Since the start of operations, the dealership has sold over 120 vehicles. At the same time, its order book continues to swell. 12 other concessions will become operational in Delhi over the next 2 months.

Electric two-wheeler industry

With the Fame II policy now extended until 2025, EV manufacturers can continue to strengthen their long-term plans. Despite the constraints related to the ongoing Covid-19 pandemic, sales of electric two-wheelers continued to grow over the past fiscal year.

Of course, it helped that industry collective sales turned out to be a small base number to start with. But with the 2W electric vehicle industry receiving a 50% per kWh subsidy, by 2025 this industry could very well be a force to be reckoned with.

Komaki TN-95, a large family scooter is now available with a subsidy of Rs 20k. The price reduction for Komaki SE amounts to Rs 15k. The electric vehicle maker has implemented an online vehicle reservation system to ensure safe scanning, as well as overall security given the current circumstances. The company said, “Komaki is not asking for a price cut under the Fame 2 subsidy because the price will be different from what the company is going to announce soon.”

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