Electric two-wheelers miss 1-million milestone target
As the current fiscal ends today, the sale of electric two-wheelers has achieved only 71% of the target of one million units set by the NITI Aayog. However, as compared to the previous fiscal, the sales have gone up by 185%. In the last fiscal, the industry sold 2,49,621 units.
According to data compiled by the Society of Manufacturers of Electric Vehicles as per VAHAN portal, 7,12,043 electric two-wheelers were sold across the country in 2022-23 till March 27.
As per analysts, one of the critical drivers of growth is the increase in startups in the E2W space such as Ather, Ola, PUR EV and Revolt. As a result, E2W sales across the country are on the rise, including in tier III and tier IV cities.
