Disruption From Electric-Two-Wheelers Ahead, Three-Wheelers Near An Inflection Point: Motilal Oswal
Source : Hero Electric

Disruption From Electric-Two-Wheelers Ahead, Three-Wheelers Near An Inflection Point: Motilal Oswal

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Motilal Oswal Report

Higher cost of ownership due to regulatory factors, rising fuel prices, reduction in lithium-ion battery prices, and FAME-II/state government subsidies are factors resulting in narrowing of the price gap between internal combustion engine two-wheelers and electric two-wheelers.

Mainstream original equipment manufacturers have finally entered the e-Scooter segment, which was so far dominated by startups.

We believe that electric two-wheelers are ready for disruption, particularly urban focused scooters are at risk of faster electrification. This has potential to change the competitive landscape of the scooter segment.

Similarly, e-three-wheelers are nearing an inflection point as it is almost at par with compressed natural gas three-wheelers on a total cost of ownership basis.

Click on the attachment to read the full report:

Motilal Oswal Auto Sector Update.pdf

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