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Electric two-wheeler sales get recharged as subsidy cut pain eases

Average daily sales in the first 17 days of July double to 1,702 units from 852 units during the same period in June

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Automotive industry experts say that consumers are now gradually showing resilience and adaptability, despite the subsidy being reduced

Nitin Kumar New Delhi

4 min read Last Updated : Jul 18 2023 | 2:45 PM IST

In a promising development for the country’s electric vehicles (EV) industry, the adverse effects of the cut in subsidy provided under the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-II) scheme seem to be receding. The average daily sales of electric two-wheelers (e2W) have increased around 100 per cent in the first 17 days of July over the same period last month.

According to data from the VAHAN portal of the Ministry of Road Transport and Highways (MoRTH), the average daily sales of e2Ws in the first 17 days of July surged to 1,702 units, against the average

Topics : E-scooter sales FAME-II Electric Vehicles Electric vehicles sales automobile sales Companies

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