Bajaj Auto-backed Yulu plans to increase its fleet size to 1,00,000 electric two-wheelers by December 2020.
For its pan-India expansion, Evolet has allocated a budget of Rs 150 crore for its two-wheeler division and Rs 300 crore for the E-Bus division.
The Society of Indian Automobile Manufacturers (SIAM) has also advised the government to follow a well laid-out roadmap and a practical time frame for the rollout of electric vehicles (EVs) in the country.
KTM and Bajaj's upcoming platform will support 48-volt powertrain and will be shared by both the brands for various models.
Through the study, Yamaha is also planning to assess if EVs could completely replace models that are run on internal combustion engines.