Taiwan’s Ahamani Group plots JV for entry into India’s EV market

The EV scooter segment is set to evolve quickly in India. Many companies, both in India and overseas have realized the big shift that is ahead and are quickly trying to mark their entry into this segment. Taiwan’s Ahamani Group is the latest one set to enter our market with a joint-venture with Gujarat-based battery maker Renon India. This partnership focuses on manufacturing lithium-ion battery packs for domestic and international markets. 

This joint-venture will comprise of a combined investment of $3.7 million (Rs 26 crore) to build custom battery packs for scooters and they plan to establish a battery manufacturing unit in Surat which is aimed to have a capacity of 200 MWh per annum initially, which can further grow up to 1GWh over the years.

Chi. Tc Kung, CEO, Ahamani EV Technology believes, to be successful in markets like India, they need an Indian based company with deep networks throughout the country to scale faster. Indian EV segment is a large market because of the size of the country and the market here changes rapidly. Ahamani EV Technology is in advanced stages of their talks to partner up with a local company to set up a joint venture in India for their UrDa operations. They aim to start operations by early 2021. India is the first Asian market that Ahamani would enter outside of Taiwan, reports AutocarPro.in.

UrDa Mobility is an electric scooter ride-sharing programme. Ride-sharing platforms are said to reach new heights with many EV companies emphasizing their interests in it. This platform allows users to rent electric-two-wheelers through an app for their brief usage and can be returned to any of its rental stations. UrDa remains the company’s primary aim and they are not planning to manufacture their own line of electric scooters in India anytime soon. Kung believes India is a price-sensitive market and it is too early for companies to bring in premium offerings. Most of the scooters sold in India are low price offerings with minimal performance and range. India is still a growing market and will take some time before people are ready to adopt electric scooters. They aim to understand the market before venturing into this segment. 

Ahamani is currently planning on offering licensing of its technology to multiple Indian companies to develop their own line of e-scooters and the drivetrain components using parts and technology supplied by Ahamani. Similarly, they will partner up with a local company to set up their EV charging stations across the country. 

Image sourced from the News section of Ahamani.com.