Electric two-wheeler companies pencil in slow sales growth for FY24

For FY23, SMEV's projection was close to that of the government as it expected sales to be over 1 million

Surajeet Das Gupta | New Delhi
Last Updated at March 13, 2023 23:44 IST

Representative image | Photo: Shutterstock

Electric two-wheeler companies are projecting they would sell around 1.5 million vehicles in FY24, much lower than Niti Aayog’s ambitious target of 2.3 million. This could push back the government’s ambitious plan to reach 80 per cent penetration of electric
two-wheelers by 2030.

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