Delhi, 1st December, 2022: Even as electric vehicle sales continue to rise month after month in the country, the electric two-wheeler sales trend remained steady in November, reaching a total of 76,162 units compared to 76,952 units in October, as per the VAHAN portal.
In the current fiscal, the E2W industry has clocked a volume of around 4.3 lac units till November, and with 4 months left over in FY23, the total annual volumes may fall short by more than 20% of the 1 million sales projected both by NITI Aayog and SMEV.
Commenting on the sales trend, SMEV’s spokesperson said, "The growth momentum in the electric two-wheeler industry is building positively in the last few months, however, we may miss the annual target for this fiscal year. Hence, it is important to address issues such as kinks in the incentive scheme and the timely formulation of a mid-term and long-term policy post the FAME 2, to support the ambitious plans of at least 25% to 30% conversion of two-wheelers into electric by FY25."
To re-establish the industry's growth trajectory, strategic impetus and minor course corrections are required so that the mid-term and long-term ambitious targets are not missed.
Bengaluru, India – May 02, 2024 – Agora, Inc.
Gurugram, India – October 11, 2023: Samsung announced exciting offers
Bangalore, 10th October 2023: The Nokia G42 5G (16GB+256G
Bengaluru, October 10, 2023 IN-SPACe (Indian National Space Promotion and
India – April 30, 2024 – Solitario, the premier destination for luxury lab-grown diamo
Mumbai - National, 29th April 2024: Greenply Industries Limited, a pioneer in the interior infrastructu
Bengaluru, 29 April 2024: Zepp Health, a global provider of smart wearables and health technology, has announced the launch o
Events / 05-05-2024
TCEI to host the globally renowned, 3rd TCEI SIWPC GLOBAL & 7th TCEI Events Excellence Awards, at Hyderabad in June!Education / 05-05-2024
IIM Kozhikode and Emeritus launch Chief Product Officer Programme Equipping Leaders with Advanced Product Leadership Skills; Features two online modules by Kellogg Executive EducationEducation / 05-05-2024
BML Munjal University institutes School of Liberal Studies Conversations; organizes the Inaugural Edition on ‘Hindi: Vaad-Vivaad-Samvaad’People / 05-05-2024
Telangana voters aim to choose the party which delivers on promises, having learned from Assembly elections let-down: Konda Vishweshwar ReddyKerala / 04-05-2024
Scientists need to check misuse of traditional knowledge: CSIR-NIIST workshop on IPRPelikken © Copyright 2022, All Rights Reserved
