As of Thursday, registrations of electric two-wheeler vehicles have already surpassed 100,031 – an increase of over 25 per cent compared to the previous month
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Surajeet Das Gupta New Delhi
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Electric two-wheeler registrations on Thursday crossed the magical 100,000 mark for the second time since their launch in the country. They are now poised to create a new milestone by hitting the highest number of vehicles registered in a month, with three days remaining for March to end.
The reason: companies are aggressively liquidating their electric two-wheeler stocks through discounts and ensuring vehicle registrations by March 31, as failing to do so would result in bearing the subsidy cost under Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME 2). The scheme is being replaced by a
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First Published: Mar 29 2024 | 12:27 AM IST