{"id":241285,"date":"2023-10-09T15:21:25","date_gmt":"2023-10-09T15:21:25","guid":{"rendered":"https:\/\/automotobuzz.com\/?p=241285"},"modified":"2023-10-09T15:21:25","modified_gmt":"2023-10-09T15:21:25","slug":"electric-2w-sales-showing-signs-of-recovery-post-fame-ii-subsidy-cut","status":"publish","type":"post","link":"https:\/\/automotobuzz.com\/news-features\/electric-2w-sales-showing-signs-of-recovery-post-fame-ii-subsidy-cut\/","title":{"rendered":"Electric 2W sales showing signs of recovery post FAME-II subsidy cut"},"content":{"rendered":"

A total of 63,716 electric 2-wheelers were sold in September 2023.<\/h2>\n

Earlier this year, the government slashed the\u00a0FAME II subsidy\u00a0on electric 2-wheelers by 25%. This caused a slump in sales, but the industry is now showing signs of recovery. Electric 2-wheeler sales are almost back to the pre-subsidy cut level.<\/p>\n

A total of 63,716 electric 2-wheelers were sold in September 2023. That\u2019s a 20% growth compared to the previous year and a 2% rise over the last month.\u00a0<\/span><\/p>\n

According to media reports, sales stood at 66,600 units in the first half of 2023-24. Post the reduction in subsidy, volumes had dropped to 46,000 units. Electric 2-wheeler sales have been showing a steady improvement since then. E-scooters made up 4.9% of the total 2-wheeler market by the end of September, which compares to around 5% in the second half of FY23 when subsidies were higher.<\/span><\/p>\n

Ola Electric leads the segment with 18,635 units sold in September 2023. The company has a market share of 29.2%, followed by the TVS iQube with 24.3% and Ather Energy with an 11.2% market share. Bajaj controls 11.1% of the e-scooter market.<\/span><\/p>\n

Source:\u00a0Livemint<\/span><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A total of 63,716 electric 2-wheelers were sold in September 2023. Earlier this year, the government slashed the\u00a0FAME II subsidy\u00a0on<\/p>\n","protected":false},"author":2,"featured_media":241284,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nElectric 2W sales showing signs of recovery post FAME-II subsidy cut - AutoMotoBuzz.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/automotobuzz.com\/news-features\/electric-2w-sales-showing-signs-of-recovery-post-fame-ii-subsidy-cut\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electric 2W sales showing signs of recovery post FAME-II subsidy cut - AutoMotoBuzz.com\" \/>\n<meta property=\"og:description\" content=\"A total of 63,716 electric 2-wheelers were sold in September 2023. 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