Advent of EVs creating opportunities for smaller players, start-ups: Report
The advent of electric vehicles (EVs) is causing disruptions for incumbents, while creating big opportunities for smaller players, new entrants and start-ups alike, according to a report.
It also said the valuations of pure EV businesses are driven by the expected pace of electrification in the segment as well as the competitive landscape in the EV segment.
In the Indian context, the speed of electrification can differ substantially across segments, brokerage firm Motilal Oswal Financial Services Ltd (MOFSL) said in its report on Monday.
It noted that the passenger vehicle segment is seeing the fastest shift to EVs in the developed markets, resulting in much higher valuations for pure e-PV players.
