Electric 2-wheeler demand showing signs of revival, outlook positive: SMEV
Electric vehicle makers body SMEV on Wednesday said electric two-wheeler demand is showing signs of revival with sales of high-speed electric two-wheelers (HSE2W) growing by 72 per cent in September over the year-ago period.
The outlook for the fiscal year remains “positive” on the back of the government’s recent move to allow vehicles to be sold without battery as well as announcement of electric vehicle (EV) policy by the Delhi government in August, the Society of Manufacturers of Electric Vehicles (SMEV) said in a release.
The registration of HSE2W stood at 2,544 units in September 2020 as against 1,473 vehicles sold in the corresponding month of last year, SMEV said.
