According to Industry officials, electric vehicle (Two-wheelers and three-wheelers) sales hit another high in November and are mainly being driven by the logistics fleet operators to meet the growing demand from e-commerce and food delivery firms.

Hero Electric CEO Sohinder Gill said the company (Hero electric) claims to be the market leader in the B-2-B (Business to Business) segment, sales to e-commerce logistics operators now account for 23% of its sales, increased from 14% a year ago.

 

 

The most popular EV for last-mile delivery and logistics operations is electric two-wheelers in the price range of Rs. 80,000 to Rs. 1.1 lakh.

According to industry estimates, at least 80,000 electric vehicles (two-wheelers) have been added to the country’s last-mile two-wheeler electric vehicle delivery expeditious of 450,000-500,000 this year.

The most popular EV for last-mile delivery and logistics operations is electric two-wheelers in the price range of Rs. 80,000 to Rs. 1.1 lakh.

Company’s Executive Director and CEO Sanjay Behl said, Greaves Electric Mobility, which sells Electric Vehicles under the Ampere brand has seen a growth of around five times in the offtake of electric two-wheelers vehicles to e-commerce, FMCG companies, and logistics.

Currently, Business-to-Business sales account for 10% of Greave Electric Mobility’s total sales, up from 5% a year ago. The company has sold 6,000 EVs so far in this fiscal year.

Despite tech companies such as Amazon (an e-commerce giant) shutting down various businesses, many of them continue to double on converting their delivery fleets to EVs.

 

 

On Amazon’s price list, the pay-out for Electric Vehicles to be lower than that of petrol or diesel vehicles.

According to sources, Amazon is giving priority to more orders placed with fleet operators that have EVs on their fleet.

Logistics company’s executive statement, “There is no cost involved for any e-commerce in converting to electric, in fact, it helps to reduce their operating costs.”

On Amazon’s price list, the pay-out for Electric Vehicles to be lower than that of petrol or diesel vehicles.

EV providers such as Yulu, Zypp, Zyngo, and Electrev are maximizing their capacity and increasing orders to electric vehicle makers to meet the EV demand.

Yulu bikes are a Bangalore-based company, which had raised $77 million in September. The company’s Co-founder & CEO, Amit Gupta said that it is adding 500 Yulu bikes per week now and increases it to 2400 electric vehicles per week by the end of this year.

Zypp Electric, also adding 1000 EVs (two-wheelers) per month and plans to increase it to around 3000-4000 per month in the next two years. Zypp electric purchases vehicles from Kinetic and Hero Electric.

While India is still in its early stage of EV adoption, electric vehicles (two-wheelers and three-wheelers) are demonstrating some potential in the last-mile transport ecosystem, said the Electrev Mobility Co-founder Manu Kohli.

Zyngo Founder Prateek Rao said the company has built a fleet of 1200 EVs in a short span of time. By March 2023, we will add another 1800 units and take it to 3000 vehicles.