I think this ola frenzy is not going to be sustainable. Read few reports and little scuttlebut here and there and found there are many issues with ola 2 wheelers which they are not being able to address as they don’t have reach and touchpoints like hero or bajaj or trained skilled personnel for R&M.
I think its more like being playing on EV mania. India runs on oil and it will continue to do so for long time. Many issues with EVs will surface within next few years as it has just begun. If EV is really disruptive as being proposed then current market leaders with heavy cash chest would have already done it by now. Further EV materials dumping from china will be huge then.
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