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SMEV says electric motorcycle sales in India will more than double in 2021

SMEV says electric motorcycle sales in India will more than double in 2021

January 6, New Delhi: India’s Electric Vehicle (E2W) sales increased 132% year-on-year in 2021, the Electric Vehicle Manufacturers Association (SMEV) said. Bounce Infinity E1 Electric Scooter Launches in India for Rs 68,999.To get more news about davinci, you can visit official website.

Compared to 100,736 units in 2020, the total sales volume of E2W including high speed and low speed increased to 233,971E2W. Industry groups have pointed out that customers are starting to shift significantly from petrol 2. -From wheeler to electric for attractive price, lower running cost, and lower maintenance. What’s more, SMEV said the high-speed E2W, which has speeds of over 25 km / h and requires a full license, recorded a whopping 425 percent growth.
Slow E2W experienced negative growth in the last two quarters of 2021, according to industry groups. In addition, the market share of the slow segment, which was over 70% in all years so far, has fallen to less than 15. Percentages for the last quarter of October-December 2021.In particular, low-speed E2Ws are not subsidized by the “FAME 2” policy, which gives incentives only to high-speed bikes based on battery capacity, so entry-level high-speed E2Ws are cheaper than many low-speed bikes. CEO Bhavish Aggarwal says Ora Electric sells S1E scooters worth over 600 rupees a day.

“The entire EV journey has never been better than the past few months. Over the last 15 years, we have sold a total of approximately 1 million e2w, e-tricycles, e-cars and e-buses 2022. It is likely that the same 1 million units will be sold in just one year from January of the year. “

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