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electric two wheeler demand: India's electric two wheeler industry faces uncertainty as subsidies decline

The e2w OEMs have to contend with lower financial support from the government in the next fiscal. They also have to face increasing competition from the petrol counterparts of the companies which have distribution and brand strength. These factors drive the e2w OEMs to launch products more affordable to prospective customers.

Electric Two Wheeler Demand: Subsidies recede, e2w OEMs focus on cheaper models, ET Auto

Electric Two Wheeler Demand: The e2w OEMs have to contend with lower financial support from the government in the next fiscal. They also have to face increasing competition from the petrol counterparts of the companies which have distribution and brand strength. These factors drive the e2w OEMs to launch products more affordable to prospective customers.

Electric Rickshaw Market Size Worth $11.4 billion By 2030: IndustryARC

Hero Surge S32 Convertible Electric Rickshaw Unveiled, Doubles Up As Scooter: Watch Here

Hero-owned startup Surge recently unveiled  S32 EV. Its design is inspired by  Batmobile from  ‘The Dark Knight trilogy’.  

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