Gogoro delays India plans due to policy uncertainty, launches bike-taxi pilot with Rapido
Gogoro has deferred its India plans over delay in government incentives, but the Taiwanese company has partnered with Rapido for a bike-taxi pilot.
Taiwanese electric two-wheeler maker Gogoro has deferred its highly ambitious plans for India, as New Delhi has not yet launched an anticipated scheme for battery swapping, a company executive said. In the meantime, the company has started a bike-taxi pilot with aggregator Rapido to test its vehicles before their commercial release.
Gogoro is “forced to wait for the finalization of incentive schemes” from the Indian government before ramping its vehicle sales and battery pack production in the country, co-founder and CEO Horace Luke said during the company’s Q2 earnings call on Thursday.
“We had forecasted revenue from India for 2024, but due to the delay in implementation in subsidies to include battery swapping vehicles, most of it is now projected for 2025,” the executive told investors.
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