Top electric vehicle makers rev up projections, see higher sales

Manufacturers say 1.5 million two-wheelers could be sold in FY24

Buoyed by the sharp increase in electric two wheeler sales in the festival months which shows no sign of abating, electric scooter makers are increasing their earlier sales projections along with the expected speed of conversion of consumers from ICE to electric.

Okinawa Auto Tech founder and managing director Jeetender Sharma says he expects sales in the next five months of the financial year to go up. 

“We expect the industry will hit over 800,000 electric two wheelers by FY23. In FY24, our expectation is that it will be much more than even double that number - at 1.6 million,” said Sharma.