New Delhi: India’s electric two wheeler (e2w) growth story has taken a turn. As the subsidy regime begins to unravel, OEMs now focus on launching cheaper models, with fewer features and a shorter range. From April 1, the purchase subsidy available on sale of e2w will be reduced further (second cut after the one done in June 2023) and even the new subsidy scheme is valid only for four months, throwing the industry into uncertainty. Is this uncertainty leading to innovation?
