Comment by RationPhantoms
13 hours ago
While I agree, that's a present devil meaning that it's already an accepted way of life. I'm curious how Gogoro's model of swapping batteries would fair in the denser Indian markets.
13 hours ago
While I agree, that's a present devil meaning that it's already an accepted way of life. I'm curious how Gogoro's model of swapping batteries would fair in the denser Indian markets.
Depends region to region.
Once outside Tier 1 cities, density significantly reduces. Additionally, the Indian consumer is aspirational, and if forced to purchase a new vehicle would prefer a used car over a new 2-wheeler.
Anecdotally, in my ancestral village, my relatives preferred buying a used Maruti Suzuki for 1 Lakh (roughly $1k) instead of spending the equivalent amount on a new bike.
In the Vietnamese side of my family, everyone is ignoring the recent diktat to upgrade to electronic motorbikes for the same reason (why spend almost a year's income to purchase a vehicle when inflation for daily staples has been high)
I feel there is an opportunity for EV cars, but they face stiff competition from Kei/900-1100cc cars that cost around $4k-8k.