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Speaking to ET, Eishin Chihana, Chairman, Yamaha Motor India Said That the speed of vehicle electrification in India has surprised the company and it is “accelerating” product development for this market.
He said, (translated) “With rising fuel prices, coupled with the low fuel efficiency of (petrol-powered) scooters, we expect the penetration (of electrification) in the scooter space to be very high.”
The report further suggests that Yamaha’s electric scooter is currently being developed by the R&D (Research and Development) team in Chennai. It is likely to be built at Yamaha’s facility in Kanchipuram, Tamil Nadu. The company also expects their electric scooter to perform similar to 110-125 cc petrol scooters and 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 developed in India could be a good solution for international markets including Europe.
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