VLF Tennis Electric Scooter is set to launch in India
Italy’s VLF Tennis Electric Scooter launch in India is confirmed for November 2024. This revolutionary blend of Italian design and technology offers a seamless fusion of precision and performance. Consumers can take it through the bustle of a metropolitan area or even on a road trip. This electric scooter is designed to revolutionize daily drive, combining enhancement, enthusiasm, and energy in an exhilarating package. The main attraction is the design of the scooter and its weight. This will also help the scooter to stand out and, at the same time, give great built quality.
Electric Scooters Market Size and Growth
According to Precedence Research’s report, the global electric scooters market size accounted for USD 40.92 billion in 2024 and is expected to reach USD 88.75 billion by 2032, expanding at a compound annual growth rate (CAGR) of 10.16% between 2023 and 2032.
The India Spec Tennis eScooter will be one of the lightest scooters, which is a major highlight. It has double-sided aluminum swing arm, a peak power of 2.1w, a range of 130+ km on a single charge with removable battery, and a top speed of 65 kmph. The scooter will have a TFT display with Bluetooth connectivity.
The scooter is set to grab the attention of Indian consumers. The electric scooters market in India is set to grow at a significant rate. As per the detailed study by Precedence Research, the penetration rate of electric scooters in India was 13% in FY 2023. The penetration rate of electric scooters is predicted to increase considerably by 2030, reaching the level to 75%.
Revenues Generated from Electric Scooters
| Company | Headquarters | Revenue (USD) | Highlight |
| Niu Technologies | Beijing, China | 377840.17 | NIU emphasizes sustainability, performance, and user-friendly experiences, making urban commuting more efficient and eco-friendly. |
| Hero Electric Vehicles Pvt Ltd | Gurugram, India | 411593425.92 | Hero Electric extends green mobility solutions to transform the existing urban air quality for the better. |
| Yadea Technology Group Co. Ltd. | Wuxi, China | 4953229.48 | The sales volume of electric two-wheelers increased by about 33.8% from about 6,136,200 units yearly ended June 2022 to about 8,210,700 units on a half-yearly basis ended June 2023. |
| Gogoro Inc.
|
Taoyuan City, Taiwan | 349,846 | Gogoro’s scooters feature swappable batteries, providing convenience and reducing downtime. |
| Jiangsu Xinri E-Vehicle Co. Ltd.
|
Wuxi, China. | – | Jiangsu Xinri E-Vehicle offers e-cars, parts, and accessories. |
A recent report from Precedence Research Reveals that the Asia Pacific region is the front-runner in the global electric scooters market, accounting for approximately 70% share in the year 2021, and is predicted to witness significant growth over the upcoming years.
The Indian government is making efforts to promote electric scooters. The government announced the PM E-Drive Scheme, which starts in October 2024 and extends till 2026. Under the scheme, the OEM will get a subsidy of Rs. 5,000 per scooter with a cap of Rs. 10,000. It will be reduced to just Rs. 2,500, with a cap of Rs. 5,000 per scooter by October 2025.
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