E-scooter sales likely to double in FY18

Hero Electric, Okinawa Autotech and Ather Energy line up launches for the coming quarters

Sohini Das  |  Ahmedabad 

Electric two-wheeler sales are expected to double in FY18, albeit on a small base. But, it is still a niche category in the world’s biggest market for two-wheelers. About 23,000 units of electric two-wheelers, primarily scooters, were sold in a market of 17.58 million units in FY17.   The sector has seen some action in recent times with new entrants trying to make a mark. Seasoned players such as Hero Electric, which was about 70 per cent share, believe that financing options and front-loading of government subsidy might act as a further boost.  Hero, which ...

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First Published: Tue, September 05 2017. 02:11 IST