Electric Two-Wheeler Sales: Electric two-wheeler monthly sales drop 23% in April; Ola Electric clocks marginal rise
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…