Yo Bike History

Yo Bykes is the first galvanic car Scooter to be launched in Indian market. Launched in 2006, this brand is a market drawing card in the Rs euchre crore electric ice yacht market in India. Yo is from Indus Electrotrans which is a division of Electrotherm India which is a study player in the metalworks and steel industry. When electric bikes & scooters were launched in India during 2006, there were draw play of expectations to the highest degree this stratum. The rising burn down sets , air pollution , growing associate about environment provided enough chance for such a product. The rising fuel costs were the closely significant gene behind the growth of this fellowship. Yo Bykes rode on the rearward of the higher fuel prices. Electric scooters are dirt meretricious to run compared to flatulency vehicles. Compare the cost of Rs 50 for 500 km for electric scooters to Rs 50 per 60 km for gun scooters. Besides the reward in running costs, electric scoote rs had similarly another favor .There is no need for license or registration for certain(a) variants. According to Indian rules, those vehicles which are powered by railway locomotive little than 250 watts and has the maximum speed less than 25 kmph do not need license. Yo Bykes launched the first scooter in this category branded as Yo Smart.

The electric scooters gained speedy consumer attention across the country. The market saw the evolution of a new category . In 2007, the electric two bicyclists gross sales was around 10,000 units frankincense taking 10% share in the two wheeler industry. T hese figures attracted lot of players into t! he market. Most of the bicycle marketers ventured into this segment. veritable(a) large companies care TVS and Bajaj began to view this segment seriously. TVS felt that electric scooters was a major threat to its Scooty brand. It proactively launched the electric version of Scooty to previse this threat. How ever, the euphoria all over electric scooters could not come its initial momentum. The sales peaked(p) when there is a fuel price hike but...If you deficiency to get a full essay, erect it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper