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Motilal Oswal
We hosted management of Gogoro to understand the strategies to drive electrification in two-wheelers in India.
Here are the key highlights from our discussion.
The two major challenges related to the adoption of electric vehicles are 1. higher initial cost of ownership and 2. longer lead times for charging. Battery swapping addresses both these problems.
For internal combustion engine vehicles, there are ~70,000 fuel-retailing outlets in India.
Hence, there is a gas station available at every two to three kilometres on average, with a maximum turnaround time of two to three minutes – every fuel station is designed to reduce the queue length for refueling and minimize any operational bottlenecks.
Also, in dense cities, access to real estate is prohibitively expensive; therefore, higher customer turns are needed for higher return on investments (due to the high real estate cost).
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