Business Standard

June sees e-two-wheeler registrations fall sharply across all players

Drop 60% over May record of 105,348 units

electric two wheeler

Surajeet Das Gupta New Delhi

Listen to This Article

Electric two-wheeler registrations dropped sharply in June across all players to 42,124, a mere 40 per cent of the record registrations in May of 105,348.

Last month, companies had moved aggressively to liquidate their stocks before June 1 when they had to increase prices to compensate for the reduction of the government’s FAME 2 subsidy.
The industry estimates that the sharp increase in price will impact overall sales in FY24 which are expected to be between 1 million to 1.2 million, less than half of Niti Ayog projections of 2.4 million by the end of this financial year. In FY23,

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 30 2023 | 10:54 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to