Ola Electric’s month-on-month sales have come down by 34.8% to 33,000 units while the sales of other EV players have dropped significantly in the same period by an average of 60-70%.
The e2w OEMs have to contend with lower financial support from the government in the next fiscal. They also have to face increasing competition from the petrol counterparts of the companies which have distribution and brand strength. These factors drive the e2w OEMs to launch products more affordable to prospective customers.
Electric Two Wheeler Demand: The e2w OEMs have to contend with lower financial support from the government in the next fiscal. They also have to face increasing competition from the petrol counterparts of the companies which have distribution and brand strength. These factors drive the e2w OEMs to launch products more affordable to prospective customers.
As per India’s goal to achieve net zero by 2070, finance minister Nirmala Sitharaman made a number of announcements for the cleantech sector during interim Budget 2024-25