With government support, EV industry is fast growing in India. Due to the ease of mobility and affordability, two wheelers are becoming even more popular
YoBykes, a player in the electric vehicle (EV) industry, announced the launch of its cutting-edge high-speed electric scooter and electric bike. The launch aims to provide hassle-free and eco-friendly transportation solutions to Indian consumers.
To provide affordability to its customers, YoBykes aims to reduce the nation’s dependence on fossil fuels and curb the alarming pollution levels caused by traditional automobiles.
Reflecting on their journey, Shailesh Bhandari, managing director, YoBykes says, “We have relentlessly pursued our vision for over two decades. We initiated awareness campaigns to educate the masses about the benefits of electric vehicles, and today, after 17 years, our steadfast efforts have positioned us as trendsetters. Even now, major players are striving to achieve the market penetration that we achieved nearly two decades ago.”
Established in 2000, YoBykes assembled a team of industry stalwarts and established a state-of-the-art research and development facility in India in 2006.
With government support, EV industry is fast growing in India. Due to the ease of mobility and affordability, two wheelers are becoming even more popular. According to the Society of Indian Automobile Manufacturers (SIAM), sale of two wheelers has increased by 16% in the initial two months of this financial year as compared to the previous year. Further, as per the estimation of Statista, the demand for electric two wheelers in India could go up to 8.2 million units annually.