Entertainment sectors fency …

Does it makes any sense to Balaji…

Disc . Tracking position.

Technically 626 was the Stop loss for many who may have exited this week – News of SP group selling + CFO resignation etc. If by Fri we get a close above 650, technically a bottom would be made.

Page 15 on concall:

I think the only thing we are quite keen on is building Aster India and like I mentioned in my opening remarks as well our Chairman’s vision has always been how do we become one of the top three. So just looking at the right opportunities in terms of mergers, acquisitions that are available that will help us facilitate. So we’re just being opportunistic on that, looking, keeping our eyes open. We could not really focus on any of this until the GCC segregation was
over. So I think since that has given us kind of a cleaner slate now, it just opens up for other combinations and opportunities to be explored. So hopefully we’ll have something more concrete to mention in the next couple of quarters.

How many companies make E- Scooters in India ?

I find there are total of 68 manufacturers of E- Scooters as of date. List is given in the link below along with its listed price.

Though the E-scooters can grow steadily, but E-Scooter can not be a commodity. It is a product that is based upon innovation & Technology.

It is just not assembling an e-scooter out of components. For ensuring reliability of the product, It requires Good manufacturing practises , Quality control systems, Sales and After Sales Service Network of dealers and distributors, Spare parts etc which requires a lot of capex, trained man power and finally building the brand.

Bajaj, TVS, Hero have taken 45-50 years to build the infrastructure and its Brand.

Though the market opportunities could be huge for low end 2 wheeler scooters, (considering the EV penetration is low at 10% now ) , with so many players in the game , only the fittest would survive