India, May 1 -- After crossing the 1 Lakh mark in March, electric two-wheeler registrations in the country dipped to almost an eight-month low at 64,013 units in April.

Total registrations declined over 53% month-on-month (MoM) from over 1.37 Lakh units in March, as per Vahan data on May 1, amid lowered vehicle subsidies and seasonal factors.

Most two-wheeler EV players faced the heat of the demand slowdown. Ola Electric continued to top the chart even as its vehicle registration declined almost 35% MoM to 33,062 units last month.

IPO-bound Ola Electric had witnessed its highest-ever monthly vehicle registrations of over 50,000 units in March.

It is pertinent to note that in an attempt to increase vehicle sales, Ola Electric cut the p...