June sees e-two-wheeler registrations fall sharply across all players

Electric two-wheeler registrations dropped sharply in June across all players to 42,124, a mere 40 per cent of the record registrations in May of 105,348.

Last month, companies had moved aggressively to liquidate their stocks before June 1 when they had to increase prices to compensate for the reduction of the government’s FAME 2 subsidy.
 

The industry estimates that the sharp increase in price will impact overall sales in FY24 which are expected to be between 1 million to 1.2 million, less than half of Niti Ayog projections of 2.4 million by the end of this financial year. In FY23, the industry sold 0.75 million vehicles.