Bubble alert: India's electric two wheeler industry maybe headed towards a glut by 2026

The two-wheeler Industry is gearing up to build capacity in excess of 30 million units a year by 2026. It is 50% more than the annual peak sales of two-wheelers in India so far. If realised, even an optimistic 100% electric scenario in 2030 will result in a glut. It’s a classic bubble built on exaggeration and hype spurred by investors who remain bullish in search of today's disruptors becoming tomorrow's champions. In the long run, consolidation may be the natural corollary.

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