Despite sharp discounts across models to raise volumes in the past two months, electric two wheeler sales month-on-month are stagnating. Registrations to the end of February touched 79,139, marginally lower than 79,214 in January, based on VAHAN data. Only seven companies achieved over 1,000 registrations in February. This is disappointing for a market filled with 178 players who were hoping to leverage the FAME subsidy, but whose future extension is uncertain. The top four electric two-wheeler manufacturers —Ola, TVS, Bajaj and Ather — account for over 86.45 per cent of the market.
