Electric two-wheeler sales remain tepid despite government subsidy: Icra
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Last Updated: Jan 08, 2021, 03:43 PM IST
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Synopsis The demand and volumes of e-2Ws have witnessed a very lackadaisical growth in recent years despite the government s thrust on adoption of electric vehicles (EV). Despite an unprecedented demand shock caused by the pandemic, the outlook for the e-2W remains largely unchanged in FY2021 due to a low base, the ratings agency added.
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New Delhi: Sales of electric two-wheelers (e-2W) in India remains tepid despite government s subsidy and near-term outlook largely remains unchanged, according to ratings agency Icra. Under the three year tenure of FAME-II scheme FY20-FY22 e-2W sales have been only 2 per cent of the targeted 10 lakh unit sales as on September 30, 2020 halfway mark,