Yamaha to consider pricing, charging infra before EV rollout in India
Japanese two-wheeler major Yamaha is closely looking at the development of enabling factors like charging infrastructure and battery production before entering the electric vehicle segment in the country, according to a top company official.
The company noted that the success of electric vehicles (EVs) solely depends on the acceptance of customers at large, which is only possible with the proper availability of infrastructure, charging stations, battery production and swapping infrastructure for electric vehicles.
"While we welcome and appreciate the new EV policies being introduced by state governments to strengthen the demand for EVs, via attractive subsidy and incentive schemes, there are bigger challenges related to investments. We are contemplating on factors like pricing, performance, and infrastructure before we roll out any products for the Indian market," Yamaha Motor India Chairman Motofumi Shitara told reporters.
He noted that the Fascino 125 Fi Hybrid and the RayZR 125 Fi Hybrid are the company's first step towards entering the EV space in the Indian market.