Electric Two Wheeler Sales 2021 Jan To Nov - Hero, Ather, Revolt, Okinawa, Ampere.
https://www.autopunditz.com/two-wheeler-sales-figures
EV growth story particularly in 2 wheeler segment is gradually picking up…
YOY sales on monthly basis is falling for 2 wheeler ICE. EV may be one of the reason as people would rather then buying new ICE 2 wheeler would prefer to postpone their buy for another 12 to 18 months and buy EV vehicles.
Indians generally buy 2 wheeler for 8 to 10 years and they may be in a wait and watch mode and that may be the probable reason for fall in ICE two wheeler figures. If the fall continues for another 6 to 9 months then the irreversible trend will be confirmed…
Bajaj should now take proactive steps to capture the EV market. Ideally EV Chetak will not cannibalize their existing Motor cycle business, It will first dent the Scooter market which is predominantly capture by Honda Activa. Infact Bajaj is not at all present in that segment.
Bajaj should have entered much before in EV scooter and regain its Number position in Scooter segment which it use to command for decades prior to 2000.
Has Bajaj missed this opportunity…??
Disclosure : Not invested but analyzing the EV trend.