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The Economic Times
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| 01 November, 2021, 08:46 AM IST | E-Paper
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Business News›Tech›Tech Bytes›Financing supercharge electric two-wheeler numbers

    Financing supercharge electric two-wheeler numbers

    Synopsis

    Hero Electric, which ranked eighth in terms of two-wheeler sales in September, says it expects the proportion of financed EVs to grow to 20% by the end of the ongoing fiscal year, from around 11% now.

    Electric two-wheeler brands such as Hero Electric, Ather Energy and Ola Electric are optimistic about more financing options to further supercharge growth, as government subsidies and rising fossil fuel prices provide a fillip to sales of higher quality and affordable electric vehicles (EVs). Hero Electric, which ranked eighth in terms of two-wheeler sales in September, says it expects the proportion of financed EVs to grow to 20% by the end of
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    ET Bureau
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