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Benelli India expresses interest in EV space

Benelli-India-expresses

Benelli may have dropped its plans to install a manufacturing facility in India, but it has other aggressive plans for the market.

Regular followers would know that the Government of India has aggressive plans for mass electrification of two-wheelers by 2025. The revised GST rate and tax benefits on loans for electric vehicles is going to make owning EVs much more affordable. The GST on EVs has been reduced from 12% to 5%. The FAME-II subsidy further lowers the prices of products that comply with the norms set in the scheme.

The mass electrification of two-wheelers was also the reason behind the company cancelling the plans to install a manufacturing facility in India. Meanwhile, Benelli has increased the capacity at its plant near Hyderabad to 20,000 units.

Benelli-India-expresses1

Apart from electric vehicles, Benelli plans to introduce a sub-500 cc product in India. The upcoming product will rival the Royal Enfield Classic 350 and the Jawa motorcycles in the sub-INR 2 lakh price bracket. The company would also introduce two new bikes in the quarter-litre segment that would retail in a premium range. Expect the upcoming quarter-litre Benelli products to arrive above the INR 2.5 lakh (ex-showroom) mark. Benelli is also considering scooters for the Indian market.