04 July 2024
According to a recent report, electric vehicle (EV) adoption in India’s two-wheeler (2W) sector has seen a significant boost over the past two months, despite the incentives being nearly halved in April. This shift has led to notable market changes: Ola Electric experienced a drop in market share, while TVS Motor Co Ltd (TVSL) recorded a gain. The electric 2W penetration and volumes recovered and it is now higher than that of FY24, according to the report by BNP Paribas India.
According to a recent report, electric vehicle (EV) adoption in India’s two-wheeler (2W) sector has seen a significant boost over the past two months, despite the incentives being nearly halved in April. This shift has led to notable market changes: Ola Electric experienced a drop in market share, while TVS Motor Co Ltd (TVSL) recorded a gain. The electric 2W penetration and volumes recovered and it is now higher than that of FY24, according to the report by BNP Paribas India.
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.