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Electric Two Wheelers DEMAND: Additionally, the report said that a subsidy reduction to INR 10,000 per kWh from INR15,000 per kWh and 15% of the ex-factory price from 40% earlier, adds to the uncertainty in two wheeler sales.
The medium term sales trajectory for two wheelers, which include e-two wheelers as well, is anticipated to be modest, characterised by uncertainties and driven by a host of factors, it said.
In its report, CARE Ratings said the core segments of two wheelers, specifically the 75 cc - 110 cc range in motorcycles and the 75 cc - 125 cc range in scooters, have shown a sharp sales volume decline from FY19 to FY22, with a slight recovery seen in FY23.