The number of electric two-wheelers for which buyers claimed subsidies has dropped to a three-year low this fiscal, as automakers skipped the benefits following stringent rules and frequent changes in criteria. Changes in the phased manufacturing programme guidelines—covering localization requirements--have “disproportionately impacted mid-sized and small original equipment makers, making it slightly more time-consuming for them to qualify under the scheme", …
The adoption of electric two-wheeler vehicles in India is on a gradual rise and it is expected that their share will rise to upwards of 13% by 2026-27, investment banking company Jefferies asserted in a report. "We currently assume a share of E2Ws rising from 5% in FY24 to 7% /10% /13% in FY25E/FY26E/FY27E, although we now see a downside …
The ride could get bumpier for the two-wheeler sector in the coming quarters. In the case of monthly usage of 700km, TCO will now be similar, which should attract customers with higher usage," said analysts at Emkay Global Financial Services Ltd. View Full Image On a low gear In addition, some states are sweetening the deal with incentives such as …
