Team Blitz India
NEW DELHI: The sales of electric two-wheeler (E2W) in the country jumped 36.07 percent to 8,59,269 units in 2023, which is higher than 6,31,476 units in 2022,accordingto the Government’s transportation data portal VAHAN.
“Reflecting on the events of 2023, it proved to be a tumultuous year for electric two-wheelers, marked by policy swings and notorious FAME policy issues. The industry witnessed a reshuffling of winners and losers, as new players seized opportunities left by startups and MSMEs, such as Ampere and Hero Electric,” said Sohinder Gill, director general of the Society of Manufacturers of Electric Vehicle (SMEV).
To be sure, VAHAN only records the total number of sales registered and not the bookings. It also does not take into account low-speed E2W sales and excludes the data for Lakshadweep, Madhya Pradesh and Telangana.
“The important thing to note is that the FAME subsidy was reduced in 2023, and the sales have come despite a slowdown and a correction. This shows that EV adoption is accelerating and may even reach the ICE two-wheeler mark in 2024,” said a top executive from an EV firm on the condition of anonymity.
