Incentives for e-2W not needed beyond a couple of years: Ather Energy's Swapnil Jain

"I don't think beyond a couple of years we would need incentives," Jain told Autocar Professional on the sidelines of the Symposium on International Automotive Technology (SIAT), an event organised by ARAI in Pune.

By Shahkar Abidi and Ketan Thakkar calendar 24 Jan 2024 Views icon7172 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Incentives for e-2W not needed beyond a couple of years: Ather Energy's Swapnil Jain

Swapnil Jain, Co-founder and chief technology officer at Ather Energy is of the opinion that the electric two wheeler industry will not require incentives beyond a couple of years.

"I don't think beyond a couple of years we would need incentives," Jain told Autocar Professional on the sidelines of the Symposium on International Automotive Technology (SIAT), an event organised by ARAI in Pune.

He emphasised that in future, the need is to  be able to build a business without incentives and his company's entire R&D focus is to bring down the cost of the
products while maintaining reliability and quality. "There is a very clear path to make it happen," Jain said.

In addition to reducing cost, the most important thing from the product side and  the technology side is continuous innovation, bringing new products and new features for the customers, he added.

Talking about the challenges facing the electric two-wheeler industry, Jain noted that at times there could be headwinds from global supply, which impacts the electric vehicle industry as well. Another important need for the industry, explained Jain, is to have stability and clarity over the long term for companies to make significant investments. 

Underscoring the growth potential for electric two-wheelers, Jain pointed at the similar current spur in demand for SUVs in India. He continued that  no one would have thought they (SUV) would become so big in India. "But the people who invested in SUVs are now reaping the benefits," the top executive stressed before continuing that the Indian market is upgrading, and customers want better products while at the same time being cost-conscious.
 

RELATED ARTICLES
Xiaomi Enters Electric SUV Market with YU7 Launch

auther Sarthak Mahajan calendar26 Jun 2025

Chinese tech giant enters competitive electric SUV market with three-variant lineup featuring 835km range, advanced driv...

Skoda and Volkswagen Expected to Introduce Hybrid Models in India by 2028

auther Ketan Thakkar calendar26 Jun 2025

Future hybrid cars from Skoda and Volkswagen are expected in the midsize SUV and sedan segments.

Hyundai to Equip Next-Gen Creta with Hybrid Powertrain Option

auther Autocar India calendar26 Jun 2025

Third-generation Creta to be sold with hybrid, petrol and diesel engine options, alongside the facelift for the Creta El...