Electric 2-Wheeler Sales in India Are up 17% as Electrification Improves

Electric two-wheeler (E2W) sales volume in India increased 17 percent year on year in December, according to a study released on Wednesday.

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Electric 2-Wheeler Sales in India Are up 17% as Electrification Improves

Electric two-wheeler (E2W) sales volume in India increased 17 percent year on year in December, according to a study released on Wednesday.

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According to the BNP Paribas India EV research, Ola acquired the greatest market share, followed by Bajaj Auto, while TVS Motor lost the most.

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Penetration increased the greatest in Delhi, up to 19.8 percent from 6.9 percent in November, thanks almost exclusively to Ola.

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“As a positive catalyst for EV adoption, we continue to see OEMs launching lower-priced models and offering aggressive discounts.

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However, the discontinuation of FAME (if it occurs) could pose a near-term headwind

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Since its drop following the incentive reduction on E2Ws, penetration has consistently improved and is likely to have returned to pre-subsidy levels.

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