Domestic sales were at 4,72,947 units as compared to 4,50,740 units in August 2022, a growth of 5 per cent, it added. Exports, however, increased to 15,770 units from 11,868 units in the corresponding period of last year.
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go electric. we wanted to be because they want the vehicle, not because they are forced to have one. not because they are forced to have one- have one. the model at the moment have one. the model at the moment is have one. the model at the moment is lossmaking - have one. the model at the moment is lossmaking and| moment is lossmaking and perhaps on course to lose $3 billion this year so what point did you turn it around and start making money? typicalfor a start-up. start making money? typicalfor a start-up. you start making money? typicalfor a start-up, you will start making money? typicalfor a start-up, you will lose - start making money? typicalfor a start-up, you will lose the - a start up, you will lose the money before you make money and we wanted to put a magnifying glass on that so the division stands alone, so we look for that exactly. you make money when you build a scale and you have supply chain in place and you can make compelling products people want to buy at
that the is being seen in - that the is being seen in europe is that european national and local governments have put in place purchase incentives because they see electric bicycles as part of a transport solution for net zero and it s all part of the decarbonisation and pro transport, very much like we hear about your previous peace. and a great comparison is france which is a similar market to the uk in terms of bike sales. six years ago, they were selling roughly the same number of bicycles, electric bicycles, that we are selling today, about 150,000. in 2017 the national government put in place a purchase subsidy, a fairly small 200 euros per bicycle amount, and unsurprisingly they saw their sales doubled within 12 months. but what it really did was raise awareness of electric bicycles, such that now by 2023, in france they are
steve garidis joins us live now. that s not good, bike sales at the lowest level for 20 years at a time when we should be thinking, of getting around in a more green way? it’s thinking, of getting around in a more green way? thinking, of getting around in a more green way? it s a really challenging a more green way? it s a really challenging time a more green way? it s a really challenging time for a more green way? it s a really challenging time for the - a more green way? it s a really challenging time for the uk - challenging time for the uk cycle industry. at this moment, there is no escaping that, and while bikes sales are at a 20 year low, the bike industry is a global industry and the trend is being seen around the world. what s really worrying for the uk cycle industry is that e bike sales are also declining whereas in our nearest big markets in europe, we are seeing the opposite trend and e bike sales are on a growth trajectory. trend and e-bike sales are on a growth t