India EV scooter startups grapple with losses, uncertainty, rivals

Legacy manufacturers raise game in bid to catch up in green mobility sector

20231003 EV Expo

Two-wheelers are expected to lead the transition to battery-powered vehicles in India, the world's biggest market for scooters and motorcycles. © (AFP/Jiji)

SAYAN CHAKRABORTY, Nikkei staff writer

BENGALURU -- India's electric scooter startups are under the gun as hefty losses and regulatory uncertainties turn investors wary despite large market shares, while legacy automakers ramp up competition.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.