realme, oneplus, Opposition And Vivo It is possible electric vehicles, scooters and more soon in India. As per the images shared by tipster Debyan Roy, the companies have applied to register a trademark for their upcoming electric vehicles in the country. The images further show that only out of four my true form We were successful in getting our trademark registered. Whereas Oppo and Vivo applied for Trademark Class 12 in 2018. oneplus And Realme applied for it earlier this year itself.
Realme has successfully managed to acquire a trademark for ‘Realme TechLife and TL Device’. It is valid till April 2031. Under the trademark, the company may sell electric vehicles, anti-theft devices for automobiles, self-balancing scooters, self-balancing electric scooters, self-balancing boards, electric bicycles, electric wheelchairs, pushchairs. Child safety seats for vehicles and vehicles intended for movement by land, air, water or rail.
These companies are already enjoying a strong presence in the Indian smartphone market. During the last festive season, Realme sold around 6 million smartphones in the country and the company expects a 25%-30% growth in sales this year.
In the past few years, China has witnessed rapid growth in the electric vehicles market. With various government plans to promote the public adaptability of these vehicles, India is undoubtedly the next big potential market for anyone in the battery business. Another major tech player Xiaomi has started rolling out its electric scooter in China. However, it is not yet clear whether it will make its way in India or not.
Currently, India allows 100% Foreign Direct Investment (FDI) in this sector under the automatic route. The government has also recently revised the FAME II subsidy which aims to promote faster adoption and manufacture of electric vehicles. The scheme provides Rs 15,000 per kWh to the manufacturer which helps in reducing the selling price of these vehicles.
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