In 2016, two-wheelers accounted for 78 per cent of the total automobile sales in India. However, in 2020, this contribution has fallen to 72 per cent in FY23
The LMFP batteries are an upgraded version of LFP batteries and makes up for their shortcomings. The company has bagged an order of 5,000 battery packs by May 2023
Between 2021-22, the electric two-wheeler segment in India has recorded an exponential growth of 305.68 per cent, recording 6,15,365 units in 2022 compared to 1,51,685 units the previous year
The company plans to capture close to 5% of the total market share with the launch of 2-wheeler services in these markets within the first six months. This will strengthen the last-mile delivery ecosystem in tier-II markets
Emkay Global preferred picks in the OEM space include Maruti Suzuki, Eicher Motor, Escorts Ashok Leyland, and TVS Motor. MoM decline likely in PVs and Tractors