"We believe that there will be consolidation.and when it happens it will narrow down to fewer players," Gupta said.Īmid the expected consolidation in the market, the company, with its various tie-ups and product plans in place, is well placed moving ahead, he added.īesides targeting leadership in the electric two-wheeler space, the company also plans to bolster its presence in the premium segment (160-450 cc), Gupta said. Replying to a query, he noted that the EV startup space has got hugely crowded, and given the regulation changes (drop in subsidy under the FAME scheme), there will be consolidation in the segment. Having established the brand, it is now time to expand the product range, Gupta added. 130 Billion Electric Vehicle Battery Plant in GujaratĬurrently, with the VIDA V1 range, the company is positioned at the top end as a conscious strategic move, he said.
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