Two-Wheeler EV Registrations Nosedive Over 50% MoM In April, Ola Takes 35% Hit
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...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.