The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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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.”
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 …”
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.”
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.”
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.”
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.”
Agarwal: Electric two-wheelers like Ather and Ola are already TCO positive
“If you move this for an electric two-wheeler, for argument's sake, it is an Aether or Ola two-wheeler, you will notice that for personal use case, the TCO is already positive.”
Agarwal: India's 40-Degree Heat Cuts EV Battery Lifespans in Half
“If you run the battery at 40 degrees, which is the case in most cities in India, most years, most time of the year, the battery is only going to last half as long.”
Agarwal: ElectricPe will install 2,500 charging boxes across Bangalore in one month
“They are, as of today, they are yet to install, they are, they have some test boxes installed, but in the next one month, they are going to install 2500 boxes across Bangalore.”
Agarwal: 40% of Maruti Suzuki's Profits Come From Service and Parts
“If you look at the balance sheet of a Maruti Suzuki, you will find that 40% of their profit comes not from their vehicle sale, but comes from after sale service or spare parts.”
Agarwal: EV Scooters Cost 30 Paise Per Kilometer Versus Petrol's 2.5 Rupees
“Charging a five kilowatt hour battery will be about 25 rupees because five rupees is a kilometer, in Delhi, for example, and he has a rate in your home and you can then run it for at least 80 kilometers. So, 25 rupees is going to run 80 kilometers, there's cos…”
Agarwal: 70% to 80% of vehicles sold in India are financed
“Almost 70, 80% of vehicles which are sold in India are financed vehicles. Hardly anyone buys them in cash, right?”
Agarwal: Ather Energy spent $35M-$50M to launch its first scooter
“Aether Energy took about 35 to fifty million dollars to come out with for their first scooter.”
Agarwal: Euler Motors launched its EV for under $10M
“Euler has gotten there in less than ten million dollars, right?”
Agarwal: Between 2M and 5M e-rickshaws operate in India
“And the reason why e-rickshaws are so penetrated in India, you know, almost two and five million e-rickshaws exist across India, is because someone figured this out very early, that this particular form factor works for commuting, ah, you know, taking people f…”