Electric two-wheeler adoption gaining traction in semi-urban, rural markets: Shriram City MD & CEO

Contrary to popular belief, adoption of electric two-wheelers is on an uptrend in semi-urban and rural areas thanks to subsidised power that helps users cut the running cost of a vehicle, according to Shriram City Union Finance MD and CEO YS Chakravarti.

Even as the overall sales of two-wheelers have not returned to pre-COVID levels and that people are also postponing their purchases due to higher running costs with petrol becoming costlier, a lot of demand is coming from rural and semi-urban areas.

“One good thing I am seeing is that a lot of demand for electric two-wheelers is coming from rural and semi urban areas.