SMEV has been at the forefront of driving e-mobility in India. With the COVID-19 outbreak how do you foresee the EV market for the rest of this year for each EV segment?
The impact of lockdown can be seen across all industries. With companies shutting down their manufacturing units, and supply chains becoming a challenge, it has impacted the market. We anticipated that the situation would normalize post lockdown, but unfortunately the cases have been increasing in the last few weeks. Though several companies have resumed operations, we feel that it will take another 2-3 months for things to become normal.
The first six months of this financial year may give only 10-15 percent of the annual volume, but we hope to recover in the later six months. We will see increased demand, especially for personal vehicles, i.e. entry-level segment cars and two-wheelers.