E2W sales cross 1 lakh mark in May as subsidy cut sparks buying rush
Fri, Jun 2, 2023 4:00 PM

E2W sales cross 1 lakh mark in May as subsidy cut sparks buying rush

A Flip by Shubhangi Gupta
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The domestic E2W industry saw monthly sales cross the one lakh mark in for the first time in May as the announcement of a subsidy cut on such vehicle purchases sparked a last-minute buying rush. Retail monthly sales of electric two-wheelers scaled a new high of 104,845 units in May 2023, which is about 57% higher than the 66,727 units registered in April 2023.

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