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After a subdued summer season, interrupted with rains in many part of the country last year, manufacturers of summer products had suffered. Key categories of consumer goods like AC, refrigerator and cola sales got severely impacted in April-June quarter as temperatures did not sustain at high levels.
Ola Electric has consistently held the top spot in the market for the past five quarters since September 2022. The company's newly expanded S1 scooter portfolio has received an overwhelming response since its launch. During the festive season, the Ola S1 Pro and S1 Air models have emerged as popular choices among customers.
From June 1, 2023, electric two-wheelers will only be eligible for a subsidy of Rs 10,000 per kWh of battery capacity, as opposed to the Rs 15,000 per kWh offered at present.
With the original allocation for two-wheelers in the FAME-II scheme now exhausted, incentives will be slashed by as much as 62 per cent from June 2023 onwards.
While the Energy Transition Advisory Committee’s report recommended bans on diesel vehicles in cities with a population of over a million, the Oil Ministry said that it had yet to accept any such recommendation.