Electric scooter sales take a plunge in June on FAME-II subsidy cut

Only 60% of Niti Aayog's sales projection of 2.3 million units in FY24 possible, says association

June could turn out to be the worst month for electric two-wheeler registrations since February 2022 when only 29,000 vehicles were registered, say electric two-wheeler companies as they brace up for tough times again.

After the government announced a reduction in the subsidy on electric two-wheelers, there has been a hefty increase in the prices of vehicles from June 1. This has led to a sharp decline in the number of registrations. Data from VAHAN, the government’s vehicles department portal, shows that a mere 11,862 registrations took place in the first half of June, which is about a fourth of