Self regulation is always the best way to go if everybody is honest and diligent. This is a consumer facing decontrolled industry which allows the consumer to be the best judge of a good or a bad product. So if you make a good quality highly efficient product, you will be rewarded but if you are being clever by half then you will get found out and the market will be unsparing. But regulations are still needed to ensure a basic minimum safety guidelines are met. What those could be is open to debate. Its a fine balance. If you make the regulations too tight, it kills innovation. If its lax, it breeds inefficiency. For now, its still too early and despite these cases, the industry has not done too much wrong. In the next few months and years, we will see the known established brands like Hero MotoCorp, Honda, Suzuki and Yamaha, come into the ring and they will bring a lot of credibility to the industry. You do not expect them to cut corners and rush to the market like some startups have done because they know how costly that could be in the long run. We can still give them the industry the benefit of the doubt for now.