Simple Energy is planning new affordable form factors, an electric scooter for price-sensitive markets in India, as well as an electric motorcycle to expand its electric vehicle business in the country. The Bangalore-based electric vehicle maker further aims to venture into the electric four-wheeler segment and would likely see an electric car out of it by 2023-2024. Simple Energy Founder and CEO Suhas Rajkumar told Livemint exclusively today.
Meanwhile, Simple Energy plans to deliver its first product, Simple One, an electric scooter, in June this year. Test drives for Simple One will begin in May 2022 and are expected to begin with metropolitan cities.
Suhas also confirmed that the Simple One scooters will be more refined and feature rich as previously reported. The CEO of Simple Energy told us that the company has received over 36,000 reservations for the Simple One electric scooter. The Simple One scooter was priced at ₹1.10 lakh (old showroom).
The company has no plans to enter the electric freight segment or any other B2B business at this time, but wants to focus solely on consumer products and offerings. He also denied the idea of a foray into the electric cycle segment.
Simple One has a manufacturing unit in Tamil Nadu and the second commissioned facility is producing more vehicles soon. The local electric vehicle manufacturer is targeting international markets for its portfolio of two-wheelers.
For the Union budget, Suhas expects the government to subsidize OEMs and encourage battery localization. He wants the GST to be rational for the manufacture and adoption of electric vehicles in the country.
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