Reduction in cost to push e-2W’s market penetration

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New Delhi, Oct 9 | Reducing cost of electric vehicles (EV) as well as increase in subsidies along with the newer model are expected to increase electric two-wheeler’s (e-2W) penetration.

In FY21, e-2Ws contributed less than one per cent of overall two-wheelers sales.

The sub-segment is expected to contribute 7-10 per cent to the overall 2W sales by FY25.

“As e-mobility penetration is likely to be more in scooters, e-scooters sales as the overall percentage of total scooter sales would be much higher at 20-25 per cent,” said India Ratings and Research (Ind-Ra).

This growth, the agency expects, would majorly be driven by the reducing delta between the price of an electric vehicles (EV) and internal combustion engine (ICE) vehicles due to the increased subsidies under FAME-II scheme along with the newer model launches anticipated over the next few years.

“Ind-Ra believes e-scooters would lead electrification in this industry segment, given their higher urban presence.”

“Moreover, the new models launched recently as well as planned over the next few years are likely to have a better range, speed and battery size, thus making the performance of e-2W comparable to existing ICE variants available in the market.”

As per the agency, the total cost of ownership of an e-scooter is now comparable to that of an ICE scooter; the former becomes economically more feasible in case of a long distance travelled.

“As such, Ind-Ra expects higher adoption of e-2Ws by e-commerce companies/delivery-based application companies as well as bike-taxis, thus supporting a further ramp up of EV penetration in 2Ws in India.”

However, it pointed out that electrification in motorcycles could take fairly longer as the performance of the available e-variants is still not at par with that of an ICE vehicle, and enhancing battery configuration could impact both weight and cost of the vehicle.

“Moreover, motorcycles draw a significant proportion of their overall sales from rural market, where the presence of e-2W original equipment manufacturers (OEMs) is limited.”

Besides, the agency suggested that to push electrification, e-2W OEMs need to increase their presence which is restricted to metro and Tier-I cities.

“The industry needs to increase models or variants available in the market which is limited compared to an ICE vehicle as well as develop supporting infrastructure. While charging infrastructure remains the biggest challenge in India, the agency believes that 2Ws are better placed given the low battery size which facilitates easy home charging.”

“The initiatives by large players to set-up faster plug-in charging stations as well as a battery swapping environment will play an imperative role for sustainable e-2W adoption.”

Source: IANS

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Inspiring Journey of Rajasthan’s Deependra Singh Shekhawat From Monthly Salaries to Founder of Fifteen Crore Turnovers Company

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Guy Kawasaki has rightly said that pursuing your passions makes you more interesting, and interesting people are enchanting. Passion is an underrated term as people believe more in hard work and dedication. We often forget that passion is what guides us to success. Deependra Singh Shekhawat is one of the few who proved that hurdles are hidden opportunities, and when utilized appropriately, they will lead you to victory.

Deependra Singh Shekhawat, being the son of a farmer, has the background of a middle-class family. He belongs to a small village of Udaipurwati, district Jhunjhunu of Rajasthan. However, his status never deterred him from dreaming. Dreams full of his passion gave him the strength to fight the battles in his life. After graduation, he initially started from a regular job. However, he was not content with his occupation. He sensed stagnancy in his career. Soon, he started thinking and strategizing about business. This thought process led him to join a renewable energy company, Adani Renewable Energy, to learn about business as the next step in his professional journey. From then on, there was no stopping him; he was on a roll. In 2015, he established Vertex Solution Company and became one of the top vendors of Adani Solar Energy. He went the extra mile by working with India’s well-known renewable energy organizations as Avada Sola, Tata Solar, O2 Power, and many more.

Deependra says that his passion for renewable energy spawns from the fact that renewable energy is one of the significant contributors to boosting the country’s economy and generating jobs. He further adds that adopting renewable sources of energy is a healthier option. He claims it is high time we start living peacefully with nature for the sanity of itself and humankind. Additionally, he has provided with job opportunities for the youth of his village Sarai and has become the Youth icon of Rajasthan. Despite belonging to a middle-class family, he left no stones unturned to achieve success and rose from the bottom of the pit to flying like an eagle. From having big dreams to making others’ dreams come true, he has come a long way.

His journey is inspiring hundreds and thousands of youngsters of middle-class families throughout the country. People are burning with passion after witnessing the change in his life. His life journey is constantly changing the lives of many for the best. He is igniting the fire of eagerness for victory in them.

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Today, job sites are the most widely used portals used by individuals across the globe to find the right job that meets the qualification requirements. Every job is one search away. These portals have transformed the recruitment process to provide seamless and unified  experience to individuals.

Crediting the same, Recruitment Mantra is going to introduce their own job portal named myhireindia.com to enable recruiters and individuals find the best job as per their requirement. The portal will enable employers to post unlimited jobs in this portal and hire the right talented candidates as per their requirements at free of cost. Jobseekers can register and upload their CV in this portal free of cost and can also search and apply for unlimited job openings through this portal.

Emerging as one of the best job sites in India that acts as a bridge between recruiters and job seekers, the platform has uniquely been curated to serve as a comprehensive for both students and young professionals looking for employment opportunities in their preferred location.

As one of the best job portals in India, MyhireIndia allows its users to search for either internship or job opportunities within a few clicks. The company review section enables the users to go through the reviews from the companies registered on the platform to get a glimpse of the work-life at the firm behind the curtain.

  • Keyword search: The keyword search function available on job search sites allows users to look for his/her preferred jobs in a single-click just by typing in the job keyword like retail jobs, media, pharmacy job, etc. on the keyword search bar.
  • User-friendly interface: The job site is developed for the key purpose of making job searches easier for its users. A user-friendly interface allows users to browse through job opportunities in his/her preferred areas of life without losing his/her focus in doing the same.
  • Options to filter preferences: The filters available on the job site allow users to filter out their job preferences exactly according to their needs and requirements. You can filter out your job search with your location, salary, job type, and other preferences.
  • Easy application process: If a job site has a complicated application option for jobs, it will automatically receive backlash for its services. The platform serves an easy application option to users, allowing them to apply for jobs within minutes.

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