The registrations of electric scooters of eight companies, which constitute 95% of the total market, witnessed a sharp decline of over 24% in May. As per the VAHAN data from the Ministry of Road Transport and Highways the eight companies have registered 32,680 vehicles till the evening of May 31st as against 43,098 vehicles that were registered in April.
As per the report of Business Standard, the automobile analysts believe that the decline is a result of initial pent-up demand for such vehicles in the market and the numbers will become more realistic in the days to come.
