In a business Tailwind is an external force… situation or conditions that help boosts a company’s growth. Situatiins like:
- War in Iran
- Reduced Crude Oil supply for Asian and Southeast Asian countries
- Higher Petrol prices
- Govt EV Policy 2.0 (Delhi).
All the above conditions are favourable to Electric Vehicles and are unfavourable for Petrol 2Wheelers.
The Draft Delhi EV policy is a very good policy which will prevent the sale of petrol 2Wheelers from 2028 at least. The Govt seems to have said ENOUGH is ENOUGH … its time to closedown vending petrol. BECAUSE the huge consumption of Petrol has created a lopsided economy These vehicles (2Wheelers) who make up 80% of Indian transportation do not even pay Toll Tax.
Govt has 2 option.. a) Let the petrol price increase/decrease with market demand or b) Ban petrol 2Wheelers altogether from 2028.
Both option are good for eVehicle companies like Ola and Ather.
Indian eScooters like Ather and Ola could create good demand in Phillipines, Indonesia, Malaysia, Srilanka and Nepal im times where Petrol as a fuelnis becoming expensive.