EV two-wheeler sales dip 56% in June on FAME-II subsidy cut: Fada

The government’s decision to slash the FAME-II subsidy of electric two-wheelers has led to a fall of 56.3 per cent in its sales during the month of June, compared to May this year. However, on a year-on-year basis, it saw a marginal increase of 3.21 per cent, said data shared by the Federation of Automobile Dealers’ Associations (Fada) on Friday.

Interestingly, the share of EVs in the overall two-wheeler sales for the month was seen at 3.5 per cent, compared to 7 per cent in May 2023 and 3.6 per cent in June 2022. “A 12 per cent month-on-month drop was observed in two-wheeler sales, with electric vehicle sales witnessing a 56 per cent in June compared to May,