Electric 2-wheele: sales lose spark as demand slows
Financial Express Mumbai|February 27, 2023
High prices, fewer launches keep buyers away
SWARAJ BAGGONKAR
Electric 2-wheele: sales lose spark as demand slows

MANUFACTURERS OF ELECTRIC two-wheelers (E2Ws) are relying on discounts and exchange schemes to spruce up demand as sharp increases in vehicle prices are biting into growth, compromising sales projections for this year and the next.

Sales of electric two-wheelers remained unchanged in January and December at 64,300. However, they were down by over 10% from October and November's run rate of 72,200 and 75,900, respectively, data shared by the Federation of Automobile Dealers Association (Fada) showed.

Volumes in February are expected to be line with the previous two months.

The industry is facing headwinds from many sides.

Not only has the pace of new launches slowed down, reducing consumer interest, the models which hit the market a few days ago are being offered at cash discounts. At the same time, there is ongoing government scrutiny on manufacturers following complaints of misappropriation of funds.

هذه القصة مأخوذة من طبعة February 27, 2023 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة February 27, 2023 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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