google.com, pub-4417961591688198, DIRECT, f08c47fec0942fa0 google-site-verification: googledcc23757cdab3c4f.html Ebike battery fire issue...Herohonda,Bajaj-auto & TVSmotor stocks will be affected? ~ bulls$treet

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Ebike battery fire issue...Herohonda,Bajaj-auto & TVSmotor stocks will be affected?






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    In event of the recent spate of battery-related fires occurring inside electric two-wheelers across the nation, 

the central government has asked all e2W (electric two-wheeler) brands to refrain from launching any new products

 in the market. The Ministry of Road Transport and Highways held a meeting in the capital recently, to discuss

 the rise in battery-related fires that have become something of a public health concern.

While e2W makers are free to sell current models, several have issued recalls to further investigate the

 cause of these fires. Okinawa issued the biggest recall with 3,215 scooters going back to base, Pure EV,

 which has been mired in fire-related incidents since last year, also forms a major portion of the number

 of recalled scooters with Ola Electric having recalled 1,441 scooters.

The move has been made to provide the government more time to set up the right body of authority and take

 a closer look at the cause behind these incidents, while it does prevent brands from launching faster,

 greater and potentially more dangerous versions of these scooters, it also prevents brands from launching 

safe versions of lackluster products. What happens to EV brands waiting to make their debut in the Indian market, 

remains to be seen.

Stocks may be affected by this news:

Herohonda has already acquired major shares in Ebike manufacturer,Ather.

Bajajauto has already rolled out their Chetak Escooter on the road.

TVSmotor company also selling its iCube Escooter with moderate sales volume.

These three stocks will be affected by this news or not? Let us wait and see what is going to happen soon.

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