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Home Business

Record fuel cost drives scooters – Indians to opt for electric models

by Economy India
November 15, 2021
Reading Time: 1 min read
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SHARESHARESHARESHARE

It has been reported that At current prices, even the most fuel-efficient two-wheeler guzzles gasoline worth more than Rs 100 ($1.3) for a 100-km ride

The highest fuel prices in India’s history are spurring efforts to shift the nation’s ubiquitous motor scooters — which account for nearly 70% of local gasoline consumption — to electric models, along with a new pledge to hit net-zero by 2070, the company said.

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At current prices, even the most fuel-efficient two-wheeler guzzles gasoline worth more than 100 rupees ($1.3) for a 100-kilometer ride, while an e-scooter can run the same distance at less than a sixth of that cost.

Companies like Hero Electric Vehicles Pvt. and Ola Electric Mobility Pvt., a unit of India’s biggest ride-hailing services provider Ola, are launching new two-wheelers priced around $1,000, roughly what the country’s top-selling gasoline motorcycles and scooters cost, the company said. (business-standard)

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Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

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