E-Vehicle policy to promote India as a manufacturing destination for EVs
Oben Electric enthusiastically embraces the Union Government’s endorsement of the E-Vehicle policy, acknowledging it as a significant stride towards nurturing a robust environment for electric vehicles (EVs) in India. This policy harmonizes with the sector’s vision of promoting sustainable mobility and aligns with the broader objectives of “Make in India” and “Atmanirbhar Bharat”. It will grant Indian consumers access to cutting-edge technology and drive the growth of domestic manufacturing capabilities. With a well-defined roadmap outlining minimum investment requirements and timelines for establishing manufacturing facilities, coupled with incentives such as reduced customs duties on imports, this policy framework establishes a sturdy groundwork for the advancement of the EV sector. Additionally, the emphasis on attaining substantial levels of domestic value addition within specified timeframes will encourage localization and skill enhancement, leading to job creation and reducing dependence on imports. Collectively, these initiatives are poised to expedite the transition towards sustainable transportation, combat air pollution, and contribute to the construction of a greener and self-sufficient India. Ms. Madhumita Agrawal, Founder & CEO of Oben Electric, expressed these sentiments, leveraging her extensive expertise in the EV domain and her visionary approach towards a brighter EV future for the nation.
About Ms. Madhumita Agrawal, Founder and CEO of Oben Electric
Madhumita is a seasoned entrepreneur and a Co-founder of Oben Electric, a startup specializing in electric two-wheeler motorcycles based in Bengaluru, Karnataka. Leveraging her strong expertise in Sales & Marketing, she spearheads the sales, distribution, and marketing strategies for Oben Electric’s product lineup. Additionally, she plays a pivotal role in shaping the company’s vision, managing finances, and overseeing its overall growth and expansion. With over seven years of prior experience in the electric vehicle (EV) industry and a keen insight into the broader EV objectives for the nation, she has been instrumental in the establishment of Oben Electric. Before founding Oben Electric, she successfully established and grew a bootstrapped, profitable company in Technology Research & Consulting, catering to a diverse clientele including several Fortune 500 and Forbes 2000 organizations worldwide. Recognized for her leadership, she has been honored with the Woman Business Leader of the Year award by Jagran Media and the Clean Mobility Leadership 2022 award from Emobility+ EV State Summit, Karnataka Chapter. Madhumita holds a Biotech Engineering degree from BPUT, an LLB from IIT Kharagpur, and an MBA from IIM Bangalore. Her achievements include receiving the prestigious Young Alumni Achiever Award 2019 from IIT Kharagpur and the Rising Stars Award 2019 from IIM Bangalore Alumni Association. Beyond her professional endeavors, Madhumita is a devoted mother who finds solace in reading and enjoys playing badminton.
About Oben Electric
Oben Electric is an R&D-driven electric motorcycle organization founded in August 2020 and headquartered in Bengaluru. Oben Electric specializes in designing, developing, and manufacturing performance electric motorcycles and its critical EV components in-house, here in India. With a team of passionate technologists with over 25 years of collective hands-on experience in electric vehicle R&D, Oben Electric focuses on “Design in India for the World.” The company has been at the forefront of transforming the electric two-wheeler landscape in India by introducing several groundbreaking initiatives. Oben Electric pioneers the use of advanced battery chemistry, such as LFP, in electric two-wheelers, offering enhanced safety, longer range, and cleaner operation compared to other widely used battery chemistries. Additionally, the company holds more than 25 patents for its proprietary technology and EV components. As an early entrant in the electric motorcycle market, Oben Electric is leading the adoption of electric motorcycles in India, which happens to be the world’s largest motorcycle market. With limited competition at present, the company aims to become the largest electric motorcycle OEM globally. Their vision is to revolutionize the industry by providing cutting-edge electric mobility solutions that cater to the diverse needs of riders.
To learn more about Oben Electric and their innovative electric motorcycles, please visit their website at www.obenelectric.com.
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