Arpit Agarwal, Director at Blume Ventures, compares the five-year total cost of ownership between petrol and electric scooters in India.
Prediction Open · timeframe Nov 2026
Agarwal: Indian EV Startups Can Now Launch Under 18 Months on $1.5M
“I think in future, at least in two-wheeler market, you should be able to launch, when I say launch defined by generating hundred vehicles sales per month or more in less than 1.5 million dollars in less than 18 months.”
Prediction Not checkable as stated
Agarwal: EVs Will Decimate Dealership and OEM Profits by Eliminating Maintenance
“Now this is going to go away because the vehicle doesn't require any maintenance. It doesn't require any replacement of parts. So how do you make money? You can't engage with a dealer whose primary job was not to sell. You don't make much money in selling the …”
Assertion Not checkable as stated
Agarwal: India's Entire $240B Auto Industry Will Transition to Electric Vehicles
“Therefore, the entire eight percent that you mentioning Auto and auto company industry in India. Two 40 odd billion dollar opportunity can be entirely talked about in an electric manner.”
Prediction Not checkable as stated
Agarwal: Indian 2W and 3W EV battery market is at least 300M units
“Just in two-wheelers and three-wheelers, I would expect the market to be in the range of, Three hundred million batteries, if not more.”
Prediction Not checkable as stated
Agarwal: Level 3 Autonomy Will Come to Four-Wheeler EVs in India
“In four wheeler, ADAS is already very common and level three autonomy is going to happen. Yes, level five will become very hard in India, but level three is easy, relatively. Those things are going to happen if you are an electric by default vehicle.”
Assertion Supported
Agarwal: Every Commercial Vehicle Segment in India is Already TCO Positive
“In commercial vehicles, whether you talk about four-wheeler or three-wheeler or buses or even the two-wheeler delivery guy, all of those segments are what is called as total cost of ownership, TCO positive.”