Electric Two-Wheeler Sales

Electric Vehicle (EV) two-wheeler sales took a hit in April, recording sales of 66,810 scooters, according to data from the government portal Vahan compiled by Elara Capital. The sales were down by about 23% from March.According to industry experts, the fall was due to the government's delay in disbursal of the FAME-II subsidy as multiple companies have come under the scanner for availing of the funds either by mispricing the EVs or importing components and passing them off as locally sourced.The Indian government has…

Last Updated: February 01, 2023, 18:12 ISTImage used for Representation (Photo: REUTERS)India's overall EV penetration, including two-wheeler stood at around 3 percent of the total automobile sales in 2022Electric two-wheeler sales in the country are expected to grow to around 22 million by 2030 amid a demand for affordable transportation and the focus on reducing carbon emissions, a report said on Tuesday.A predominantly two-wheeler market, India’s overall EV penetration, including two-wheeler stood at around 3 percent…