Industry does a self-test in year-ender review
Aditya Reddy, VP, Sales & Marketing, EVeium Smart Mobility:
“The market is flooded with Low speed EV’s which create a negative impression of a sort of inability of EV’s to match with fuel based. EVeium provides if not equal better mileage than an ICE. With our per charge distance being 150Km, it is remarkable what a single charge of the battery can provide. As the Indian market is very competitive and full of ideas, we are constantly boosting our research to upgrade our technology in keeping up with the demands of the customer while keeping in mind regulation of the pricing. The EV market is here to stay, the public has given in approval and consent to seek sustainable changes in mobility. EVeium will uphold those demands to the fullest in providing affordable, smart and sustainable 2-wheeler mobility all over the nation.”
Muzammil Riyaz, Founder & Partner, EVeium Smart Mobility: “We are in a race against time to provide solutions that sustainably impact the environment. The transport sector, and more specifically the 2-wheeler sector is the most common means of commute in India. Electrifying this means to reduce fossil fuel consumption in a major way. EVeium wants to provide customers with EV’s that are smarter and more efficient than their ICE counterparts. As EV providers we have an upper edge in the Sustainable solutions domain, and we aim to take this higher in means of affordability and availability. Demand for green-mobility solutions is at an all-time high and we mean to satisfy it!
We have showrooms in multiple destinations opening up in a very short amount of time due to demand and confidence in EVeium. It boosts our confidence seeing this public demand for EV’s and we continue our R&D to develop them more financially feasible. Plans are in place for 2023 more showrooms opening in different parts of the country. It is an exciting time for us to see EVeium expand nationally in such a short duration since its launch.”
Mukesh Taneja, Co-founder & CEO of GT Force: “The electric scooter market in India has seen phenomenal growth over the last few years, with the number of registered e-scooters increasing by a staggering 14.5 times since 2019. This strong growth has been driven by a number of factors, from government policies to consumer demand. Moreover, various government initiatives and consumer trends that have played a major role in the growth of the e-scooter market in India. This will continue in 2023 and will make India hub of green revolution in upcoming years.”
Rajesh Saitya, Co-founder & COO of GT Force: “As we are going to see economic downfall which will result in the rising price of gasoline and diesel fuel eventually people will be coming up with a new transformation in the field of automobiles. Resulting in the great shift on electric vehicles, which will be environmentally friendly also they are comparatively cheaper to operate and execute. The fact that more people are becoming aware of the advantages of electric vehicles and the government's initiatives to boost investment in renewable energy sources are two of the main drivers of this expansion.
Anmol Bohre, Managing Director of Enigma: The electric two-wheeler industry has been progressively gaining momentum in recent years, and it has also made national headlines due to the obvious advantages it entails. In 2022, this sector also witnessed intense competition, which primarily compelled EV brands to deliver high-quality products at affordable prices. The market also experienced tectonic shifts as an outcome of the implementation of the new battery standards under AIS 156. The year 2022, therefore, belongs to the companies that put in the efforts to advance their research and development.
For the coming year, EV players will further advance their R&D activities. The priority, however, will be the widespread deployment of charging stations as the growth of an EV brand is disproportionately dependent on it. Overall, it is safe to predict that the nationwide adoption of electric two-wheelers is bound to take place in years to come not only because the segment is largely backed by government initiatives and the preferred choice of common Indians but it is technologically more intelligent to ink more power from a battery than other EV subgroups.
Mridu Mahendra Das, Co-founder & CEO of Automovill: The automotive sector has unquestionably been among the worst hit by COVID19 disruptions, leading to an increase in vehicle prices. However, the decline in new vehicle sales is the silver lining for the auto repair industry because most consumers now prefer to devote their cash to repairing their existing vehicles instead of purchasing brand new ones. In addition, following the restoration of normalcy, there have been numerous shortcomings with authorised dealers and workshops, including the absence of transparency, higher bills for every service, a lack of service outlets, longer wait times for delivery and replacements, and rising urban expectations for a hassle-free experience. This has further extended business opportunities for players like us to provide an integrated platform that delivers quality end-to-end solutions from vehicle pick-up to post-service customer connect, all at an affordable price. If budgets permit, many proactive and savvy operators in this sector will consider increasing geographical footprints as 2023 presents a big potential, given that supply chain and logistics issues are gradually and slowly getting resolved. Auto repair shops that are looking forward to marking their entry must start preparing their workshops and their workers for a future that will be vastly different because innovative and disruptive trends will drive the sector in the coming years.
