In the end, only few established players will survive in the EV two wheeler space. The rest of the players will either be acquired or will shut down. Tork Motors is already on the verge of shutdown. Okinawa, whose sales volumes once were higher than Ola hardly sells anything now. I see only top 5 players surviving because they have strong backing.
Till today, EV two wheelers are incurring losses on every EV scooter they sell.
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