Indian 2-wheeler market size will reach US$26 billion by 2029
Chennai-based Aventose Energy plans to design, develop, manufacture, sell and service a portfolio of high adoption electric 2-wheelers with strong product market fit as well as solid differentiators such as 20% longer battery life, durable 200,000 km vehicle service life and finally 20% more affordable product pricing https://evindia.online/ .
The Indian 2-wheeler market size will reach US$26 billion by 2029 whereas the global 2-wheeler market https://indianauto.com/ is much larger and will reach US$393 billion by 2030, says Aventose, citing market reports.
“Aventose https://www.aventoseenergy.com/ portfolio is designed keeping in mind Indian, European, African, Latin American and APAC markets. The company has patented scalable platform which offers a portfolio of electrical 2-wheeler products to address all the bottlenecks to help achieve government target of 30% by 2030,” it said on 7 May 2024.
Affordable pricing has been made possible due to use of a patented common platform which will allow 70-80% of common components between 4 completely distinct electric 2-wheeler models, Aventose said on 6 May.
“Most of the price reduction activity was accomplished through innovative early-stage engineering,” it said. fiinews.com
