Electric mobility is in for a new wave of transformation as Okaya EV, a prominent electric two-wheeler manufacturer, joins hands with the logistics firm, Bluwheelz. This collaboration foresees the rollout of 1,000 electric two-wheelers for last-mile logistics by September 2023. Key cities initiating this green venture include Delhi, Jaipur, and Bhubaneswar. But the ambition doesn’t stop here; the partnership aims to magnify their fleet to a whopping 5,000 electric vehicles (EVs) in the subsequent two years.
Electric Synergy for Efficient Logistics
Bluwheelz’s strategy hinges on providing Fleet as a Service, with a distinct emphasis on electric two-wheelers. This is tailored specifically for both the beginning (first-mile) and the concluding (last-mile) stages of the logistics chain.
On the flip side, Okaya is not just focusing on the partnership. Their broader vision encompasses an extended presence and enhanced after-sales services in over 40 cities within the forthcoming year. Shedding light on Okaya’s recent accomplishments, the company recorded sales of 1,148 electric two-wheelers in August, indicating a robust 46.4% MoM growth. This is in contrast to their 784 units sold in the previous month. As of now, Okaya boasts a line-up of seven electric scooters. Furthermore, an exciting announcement awaits enthusiasts – the upcoming unveiling of a fresh product, named ‘MotoFaast’.
However, the road to electric dominance hasn’t been without bumps. The electric two-wheeler market faced a brief slump in June, subsequent to the FAME-II subsidies revision by the Ministry of Heavy Industries. This amendment triggered most leading EV manufacturers to adjust their product prices upward. But every cloud has a silver lining. After this transitory phase of reduced adoption owing to the augmented prices, the market is demonstrating signs of resurgence. Okaya EV’s sales statistics stand as testament – while they managed a commendable four-digit sales figure in May, their pinnacle was achieved in May 2023, with an impressive sale of 3,876 units.
In essence, with collaborations like Okaya and Bluwheelz and the unwavering consumer trust, the future of electric two-wheelers in India seems not only sustainable but also flourishing.