 "Ola electric, Electric vehicles, EVs, battery charging, two-wheeler")
The shift from internal combustion engine (ICE)-powered two-wheelers to electric vehicles (EVs) will adversely impact conventional companies and weigh on their volumes. This, in turn, will impact their valuation, said analysts. And, the threat is more near term for two-wheeler makers than for passenger vehicle makers, the analysts added.
The analysts’ warning comes a day after Ola Electric’s formal entry into India’s competitive two-wheeler market with the S1. The recent correction in the stock prices of these firms, including Monday’s fall, indicates that the Street has factored in the shift, but the stocks could slide further if the Ola S1’s
