To EV or NOT..!

EV's

EV's have begun bringing about a massive change in the dynamics of the automobile, 2 wheeler, 3 wheeler and consumer transportation business along with logistics in terms of cost savings from utilization of expensive fossil fuel. Many business groups, even smaller businesses are making a beeline to setting up EV Factory, EV Shop, whether for 2 Wheelers, Cars or even E-Cycles. There is huge demand in the 2 Wheeler segment and gap in demand supply with demand overwhelming the latter. Whether you have bought an EV or not, none of us can deny that this business is part of the future and as a word of caution in respect to business transition, it's dynamics and business evolution - if you are not in business with Change that will become a trend sooner than later then you are out of business.

India & EV's

India is currently offering Subsidies from Center & State, benefits to both - manufacturers and consumers as well, causing a surge in production, distribution and sales due to high demand, especially of 2 Wheelers that are priced well but become even more attractive to purchase due to subsidies and government incentives. With 100% FDI becoming a possibility, new manufacturing hubs, charging infra are mushrooming across the Indian Continent.

India's commitment to aggressively fighting Global Climate Change, the burden of Oil Imports leading to Rising Fuel Costs, Rising Pollution is ensuring continued support from the government to entrepreneurs and finally to consumers to transition from fuel based vehicles to EV's. Add to that a sizeable market for vehicles that is rapidly expanding in the country since we have a large young population that aspire to have independent mobility and you have a formula for success.

The Center for Energy Finance Study mentions a USD$ 206 Billion market in India by 2030!

The Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) program Phase I offered incentives of over 200 Crores and Phase II outlay is expected to be about 10,000 Crores or so. Additional changes are proactively being deliberated and delivered to support the transition from fossil fuel vehicles to EV's of one of the largest markets in The World namely India.

The Opportunity

Since the EV Industry is in its nascent phase, there are plenty of challenges that come with it and with every challenge comes an opportunity. There will be a vast requirement of funds, more jobs for manufacture, service, delivery, support and more. E-Charging Stations will be setup along Highways, City Roads and Even in Malls/Townships and smaller residential or commercial locations. Logistics margins will probably see a boom because of lowering fuel and per km costs for transportation of people and goods.

Considering the push for reducing pollution, e-cycles will become popular in planned cities where the weather is conducive for the populace to use them - for the uninitiated e-cycles are modern bicycles that have a motor attached along with a battery and can travel XX KM's per charge. e-cycles are great for health and mobility since one can simply ride it as a bicycle manually or switch to automatic mode for the motor to take over, it is economical to use and easy to maintain.

The possibilities are endless and will keep surprising us along with the opportunities. The EV Industry will be a major sponge (buyer) of high quality products and services from small specialty company's (sme's) which can supply the EV Manufacturer customized services or products. It is already happening as body molds are being manufactured and supplied to certain company's that have their own design elements, similarly batteries are being supplied by battery manufacturers and also other components as may be required by the EV Manufacturer for their Vehicle Assembly,

We at Red Mammoth Ventures LLP have consulted for several EV 2 & 3 Wheeler Company's along with an e-cycle company on various aspects of their business. We provide 360 Degree Consulting for setting up EV Company's including Raising Capital, Acquisition of Existing EV Company's or Equity Dilution with Valuation, DPR's, TEV Reports, Executive Summary Preparation along with full end to end Technical Setup of the factory and workspace along with product licensing advise and consulting.

There are great opportunities awaiting those that become part of this industry, especially for those that know where to fit in and are in a state of readiness to deliver results. Whether you have a Capital of INR. 1 Crore ((USD$130000 apprx.) or 100, there is space for you here which can bring you more sale than you can expect because you can be sure that the demand is not going to let up anytime, at least not for the next 5 to 10 years. This is quite evident. All you need is the willingness to deliver results, ability to raise capital and intent to grow.

Are you ready to get into the business that offers you more sales than you can handle and the business that will change The World for the better? Think about it!

GO EV..!

What Say?

Raj Sukheja

Specialist Consultant in Raising Capital & Advising on Business Strategies for Company's - Indian & Global. Futurist, Entrepreneur & Author of Published Books along with 'Business Sharpshooters' now available at Amazon and other platforms. The Author can be reached for support on [email protected]

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