Key Points
Mumbai: Electric two-wheeler registrations in India are set for a record high in March, topping 100,000 units for the second time in less than a year, as the rush to buy before a possible price increases...
It touched 111,964 units for electric two-wheelers on March 29 - the highest for any month - according to data from Vahan, the government's repository of all vehicle registrations in India...
The previous monthly high was 105,389 units in May 2023, when consumers had brought forward their purchase plans to avoid paying more due to a reduction in government subsidy from June...
Ola Electric, which has the largest market share of 39% in the electric two-wheeler space, had a total registration of 44,154 units - the highest monthly reading for the company..
TVS Motor is on course for its highest monthly registration of electric two-wheelers, having touched 22,125 units as of March 29, show Vahan data, taking its market share to 19.7%...
