Electric Vehicles

$600 million of investments raised in last two years by electric two-wheeler companies

$600 million of investments raised in the last two years by electric two-wheeler companies Initially, a lot of product-led electric two-wheeler (E2W) startups faced difficulty in getting investors on-board due to lack of consumer awareness, policy clarity, and market visibility. However, with the entry of significant two-wheeler brands such as TVS, Bajaj, and Hero in this segment, compounded with the Government’s EV push, the investors are much more confident and have shown an active interest in the EV ecosystem. In…

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Barriers to Electric Two-Wheeler (E2W) Adoption in India: Consumer perspective

Barriers to Electric Two-Wheeler (E2W) Adoption in India: The consumer perspective Two-wheelers, in general, have always had a special bond with the Indian consumers. Being the ‘vehicle-of-choice’ for common Indians, the ICE 2-wheelers enjoy this distinct status supported by attractive vehicle economics (in terms of both price and fuel) and a fully-developed market. Meanwhile, over the last few years, barely out of the incubative stage and foraying the Indian roads are the electric 2-wheelers. So far, there has been a…

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Electric two-wheeler market to cross 2 million units by 2025: CXO Survey Findings

Electric two-wheeler market to cross 2 million units by 2025: CXO Survey As per JMK Research & Analytics “E2W CXO Survey”, most industry experts feel that the electric two-wheeler (E2W) market size is likely to cross 20 lakh units in the next 5 years in India. 60% of the survey respondents also predicted that the expected share of E2Ws in total two-wheeler sales in the next 5 years could vary from 6% to 15%. The current share of E2W in…

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Impact of EV transition on domestic auto ancillary market

Impact of EV transition on domestic auto ancillary market Regarded as the world’s sourcing hub for automobile components, the Indian auto component industry has witnessed strong revenue growth of about 13% CAGR from 2013 to 2019 to reach USD57 billion[1]. Out of the total FY2019 revenue of USD57 billion, approx. 65% is contributed by sales to domestic Original Equipment Manufacturers (OEMs). While the remaining 35% comes from export and aftermarket/ replacement segment. With the automotive sector transitioning towards electric mobility,…

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