Hi, thanks for sharing your experience.
So finally the technician had come to my house yesterday. I wasnt at home but after he repaired it, we spoke on the phone. He said that the thing that popped and burnt was the connector between the electrical power wire and the instant heater. So bascially the heater is still fine and intact. He said the most likely reason could be the electrical wire was not screwed or connected properly, thus a high resistance is created at the connector. And with such high current flowing, over heating will occur and the connector will melt and burn. So most probably its due to poor installation workmanship, but he don't want to point finger at anyone.
He changed the connector for free and now the heater is up and running again.
I also asked him is it a common problem for this brand and model. He replied that he is a sub-contractor and does servicing for various brands, and this problem does not happen for this brand only, it can happen to any brand and model.
So to those who are buying and installing new heater, not only do you have to choose a good brand and model at affordable prices, you have to also make sure the installation work is properly done.