The Delhi government is coming out with a new plan to phase out the old BS-2 standard two-wheelers. Under this scheme, purchase of electric two-wheeler will be given up to 30 thousand subsidies. Those who buy this subsidiary BS-2 standard two-wheeler will get the subsidy. The two-wheelers of the BS-2 standard in Delhi is around 35 lakhs. These subsidies will be given from the Green Fund.
This decision of the government will benefit the Ramayana Chemical. The company will benefit from increasing demand for an electric two-wheeler. Himadri Chemical is the only domestic company to produce advanced carbon material.
Advanced carbon is used in lithium-ion batteries. Demand for Advanced Carbon for Lithium Batteries is increasing; the company plans to increase its annual capacity to 20,000 tonnes by 2020.
Also, India is the world's largest two-wheeler market. Veteran automobile companies want to increase their business by entering the Indian market. Two-wheeler companies are preparing to introduce new and more powerful scooters in 2018. With the new year, cans from 150CC to 300cc can be launched in the market in the new year.