The electronic scooter market is likely to touch Rs 500 crore or 150,000 units in 2009-10.The Society of Electric Vehicles Manufacturers secretary and BSA Motors vice-president KB Srinivasan said in 2008-09 that the industry was worth Rs 400 crore or about 110,000 units. At present however, 80 per cent of e-scooters sales are from Tier II and III cities, while metros contribute 10-15 per cent.

The scooter segment across all categories has reported a 10 per cent growth and would continue to grow at 15 per cent for the next 3-4 years as customers don’t depend on credit. The Society of Electric Vehicles Manufacturers, representing 32 electronic scooter and car manufacturers, was formed three months ago to increase penetration and create awareness.

Mr. Srinivasan said “predominantly the e-scooter market was controlled by the unorganised sector, which had a market share of 50 per cent till last year. After big corporates started manufacturing and selling, it has come down to 30 per cent.”

The industry would also focus on research and development, he said, adding in 2008-09 the top four companies invested over Rs 100 crore in R&D. The association is seeking a waiver of 8 per cent excise duty on e-scooters, which are manufactured locally. Srinivasan said that currently there was no duty on imported finished e-scooters. This has led the unorganized sector to import the vehicles. In addition to this it has sought uniform VAT, road tax and a subsidy policy for e-scooters.

The major e-scooter manufacturers include BSA, TVS, Kinetic, Indus Elec-Trans and Hero Ulta. The top six players account for 60 per cent of the e-scooter market.

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Posted by Amrith K.A on 30 April, 2009 4:58:32 PM IST #