Subhabrata Sengupta, Partner at Avalon Consulting, shared his insights on the FAME-2 impact on electric two-wheeler startups, stating how they will absorb the subsidy shock and maintain their market position.
With the Honda Activa 6G X Smart priced at Rs 82,467 and the reduced TCO of electric scooters, Sengupta believes EVs will prevail in the long run. While subsidy reductions may affect numbers for 1-2 years, the long-term outlook remains unaffected despite the temporary pain of subsidy withdrawal.
