Shock in the two- and three-wheeled power segment expected short-term
NEW DELHI: The coronavirus Pandemic and ongoing blockade will lead to jolts in two- and three-wheeled electric vehicles industry with smaller players unable to survive the extreme short term by folding, according to Society of Manufacturers of Electric Vehicles (SMEV)
However, in the long run there is a positive side like electric vehicles You will find more acceptance with people who now realize how air quality and the environment have improved during the home stay period with off-road internal combustion engines, CEO of SMEV Sohinder Gill he said to PTI.
It's a day-to-day operation these days and monitoring is done every day because on the network across India all blinds are turned off, which means that for the past 25 days retail is zero, he said when asked about the situation in The Ground today.
In addition to the uncertainty of when the lock will be lifted, he said it's also unclear whether customers will actually return to Exhibition halls as discretionary expenses they will always be secondary.
"No one is going to purchase automobiles so soon and within that electric vehicles , which were already having a question mark, people will have second thoughts," Gill said.
He further said with Exhibition halls closed, the biggest issue is that of finance due to lack of sales.
If retail profits stop, you cannot order materials. Many of the small and medium players who do not have deeper pockets are already going through an extreme cash shortage situation. You'll find that in the process of shutting down some of the smaller players that can't stay ... It's an extreme short-term view, Gill said.
Only players who have some form of endorsement, who are part of a parent organization or who do not have sufficient funds or have a perspective to persevere in this phase, could navigate, he added.
Gill further said that well-funded startups will also be able to manage, but those who tried to brainstorm and bring a product to market, looking for investments, will have a difficult time.
Su progreso se retrasaría un año más o menos. Habrá un lapso de tiempo ... Habrá mucha agitación, especialmente en vehicles eléctricos de dos y tres ruedas, dijo.
On the upside, he said that many small night-flying operators, who were creating negativity in the market with their substandard products and after-sales service, are expected to halt operations, leaving only serious quality players in the market. .
Commenting on the long-term, he said there is a silver lining in the coronavirus pandemic as there has been a drastic improvement in air quality and environmental pollution when internal combustion engines have been off the roads during the lockdown.
"Even in the larger perspective of government level or industry level or at consumer level, this is a revelation that how much air can be cleaner or how much atmosphere can be better if there is some sort of control if there is a substitute available," he said.
The only substitute available now is those electric vehicles on the road, Gill said, adding "we believe this will also play in the mind of customers and in the mind of policy makers this will become an important point."
Also, with people expected to stay away from public transport for sometime in post-coronavirus scenario, he said with GO , specially low cost two-wheelers offering affordable option, there would be more acceptance for such vehicles with enabling government policies.