Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT
Loans For You
Loans for Business
Investment
Insurance
Apply

Quick Links for loans

Quick Links for Insurance

Investment

Offers Quick Pay
Back

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure
Know More
Back

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required
Know More
Back

New Commercial Vehicle Financing

  • First time user
  • Retail and strategic Clients
Know More
Back

Used Commercial Vehicle finance

  • Repurchase
  • Refinance
  • Top up
  • Balance Transfer
Know More
Menu  
 
Apply Now

Tata Capital > Blog > Loan for Vehicle > What are Things You Can Expect in Electric Two-Wheeler Industry in 2022

Loan for Vehicle

What are Things You Can Expect in Electric Two-Wheeler Industry in 2022

What are Things You Can Expect in Electric Two-Wheeler Industry in 2022

Are you considering switching to an electric vehicle soon? Excellent! In the past few years, the EV industry has snowballed in India. That’s because people realise the consequences of climate change and how EVs can help combat that. Another significant reason for this popularity is the rising petrol rates. And when it comes to electric vehicles, electric two-wheelers are leading the market and are the preferred choice for most people.

Since the electric vehicle industry is already booming in India, we can expect new trends and rising sales figures in the coming year. Keep reading to learn more.

Surge in sales

According to some studies, more EV units were sold in the first 6 months of 2021 than in the whole of 2020. This shows rising demand for these vehicles, and we can expect a surge in sales for electric two-wheeler 2022. Also, with the rising pollution levels in India, EV sales numbers can blow up as the major companies are already getting impressive booking numbers.

Additional Read – Things to Look at While Choosing an Electric Vehicle

Upcoming models

All the big players in the EV industry like Bajaj, TVS, Hero Motocorp, Yamaha, Ola, and Revolt are coming out with new models in the upcoming year. Even some new manufacturing companies have announced that they plan on entering the EV industry soon.

With reputed lending institutions offering easy two-wheeler loans, more people will be able to afford an electric scooter or bike.

Better charging infrastructure

Even with the rapid increase in the demand and supply of electric vehicles in India, there is still a shortage of charging stations. As of March 2021, India only had 1800 EV charging stations, and giants like Tata Power and Ola Electric are increasing their network. Further, many state governments have also initiated setting up charging stations and points for electric vehicles.

Investment outlook

Since developing electric vehicles requires capital and expertise, investors play a significant role. Moreover, investing in EV manufacturing companies is a long-term game that will not fetch immediate returns.

The Government of India is also rolling out many production-linked incentive schemes for the domestic production of batteries and green automotive manufacturing. These schemes are open to new and old investors in the EV manufacturing industry.

Nowadays, leading financial institutions offer easy vehicle loans with attractive two-wheeler loan interest rates, making it easier to finance an electric bike or scooter.

Additional Read – Electric Scooter vs Petrol Scooter – Which One to Choose?

Considering a loan to buy an e-vehicle? Contact Tata Capital

So you see, electric vehicles and especially two-wheelers are here to stay and have a bright future ahead of them. And although these vehicles are a bit more expensive than traditional fossil fuel vehicles, they prove more cost-effective in the long run.

And to help you cover the initial cost of electric bikes or scooters, Tata Capital offers tailor-made bike loans. Why drain your life savings when you can fund this purchase with a quick loan by a trusted financier? To know more, contact us or visit our website today!

Apply Now

Your Smooth Ride Awaits: Take a Quick and Easy Vehicle Loans!

Apply now
Popular Searches
safest car in india car down payment pdi full form tax benefit on car loan pdi checklist best cng mileage car sedan cars under 10 lakhs what is adas top rated electric cars best sedan cars in india
Disclaimer

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools
Our Subsidiaries
Our Other Websites

Useful Links and Resources

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Policies, Codes & Other Documents

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Tata Capital Solutions & Services

Uh oh, something went wrong

Please try again later.