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Maximum Marks: 10 Case Study The Electric Vehicle (EV) revolution is gathering pace in India, the world's largest two-wheeler market. Even as startups like Ola Electric and Ather Energy disrupt the EV space with the New Product Developments, legacy two-wheeler makers Hero Moto- Corp, Bajaj Auto, TVS Motor and Honda Motorcycle and Scooter India are readying up or have defined an aggressive roadmap to keep lead and ride on the increasingly popularity of clean vehicles. EV makers are paying more importance to New Product Development by signing Joint projects with global EV major Gogoro with swappable battery solution, Hero MotoCorp is ready with its first electric scooter-developed at its Tech Centre in Germany- for launch by March 2021. Internally called ACPA, the project has been developed keeping the needs of Indian and Global customers in mind, said people in the know. In the first year of launch, Hero is eyeing modest volumes, but expects the model to sell 1,50,000 2,00,000 units a year in the mid to long term. EV makers are also taking support from 'Strategic Consultants in crafting and designing the new path of successs. On the basis of above assumed case study provide feasible solution to the following problems:- Problem -01- Why Electric Vehicle makers are giving importance and value to New Product Development, explain with the support of suitable examples? (05 Marks) Problem -02- Suppose You are the well known 'Strategic Consultant in the Electric Vehicle space. What feasible solutions you would give to Indian Electric Vehicle makers for achieving the desired success, explain with support of suitable illustrations. (05 Marks)