Petrol 2 Wheelers have started to take a massive beating from the electric 2 wheelers. Sad part is that NONE of them wants to acknowledge it. So the beating will continue in coming years.
Most importantly… None of the ICE 2Wheeler makers have a better electric Scooter than Ather, Revolt or Ola. Meaning the established players have an inferior electric 2Wheeler in comparison to Newbies like Ather, Revolt or Ola.
Neither do these ICE 2Wheeler makers have ANY…
Continue readingThis is HUGE!!! Because… 60% of Reliance’s consolidated revenue comes from fossil fuels & its byproducts… an industry which is completely against EVs, clean environment and… even the sprite or essence of EVs!
Reliance had recently de-merged its Oil to Chemical business into a wholly owned subsidiary and is also in talks with Saudi Arabia’s Aramco for a 20% stake in Reliance.
This means Reliance is stacking up huge mountain of money to invest in manufacturing batteries!!!
Ambani’s game plan is still to unfold… and the punch is yet to land, but it is safe to…
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