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The Delhi government attributes this success to its ambitious Electric Vehicle Policy, which was launched by Chief Minister Arvind Kejriwal in August 2020.
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Maruti Suzuki's mini car segment's share in total PV sales has fallen to 2.4 per cent in December 2023. MSI's mini car segment comprises Alto and S-Presso.
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The young and speed-loving population are also kicking up demand for premium two-wheelers.
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Both mid-sized sedan Virtus and premium SUV Tiguan are going to become costlier from January 1, 2024: Volkgwagen
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Ola Electric and Ather Energy are the only two players which had entered the E2W industry as small players and have managed to cement their foothold in the this industry.
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According to Society of Manufacturers of Electric Vehicles, the clean and green energy two-wheeler sales fell 4.7 per cent YoY to 73,774 units in November 2023 from 77,376 units in year ago period.
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How to buy a policy for Electric Vehicle i.e. EV? What should be included in your policy? How different is this insurance compared to ICE vehicle? Why is protection cover necessary for the battery?
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Maruti Suzuki struggles to sale mini cars. Alto, S-Presso sale down 82 per cent YoY in Nov'23 to 9,959 units from 18,251 units in Nov'22.
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Maruti Suzuki, Tata Motors and luxury car maker Audi India have announced that their cars are going to become further costlier from next year onwards.
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"The electric vehicle space is attracting a lot of senior talent from traditional automotive companies as it's currently seen as a high-potential growth sector," said Sulajja Firodia Motwani, chief executive officer of Kinetic Green Energy.
