Five of the top eight companies making electric two-wheelers (E2Ws) saw a decline in registrations in July over June, according to data from the Vahan portal, as E2W registration fell 5 per cent to 32,450. Ola Electric, Ather Energy, Ampere, Revolt and Pure EV saw their numbers fall.
At first glance, that might appear to be encouraging, considering overall two-wheeler registrations in the month, including traditional two-wheelers running on internal combustion engines (ICE), fell 7.8 per cent. However, the relatively smaller decline in E2W registrations comes as a dampener because of two reasons.
First, it belies expectations. The conversion of