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Kerala is the only state in the country that comes close to NITI Aayog’s target of achieving 13-15% of e2W penetration by 2025-26
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Country’s largest automobile manufacturer, Maruti Suzuki India (MSI), is giving various types of benefits on vehicles like Jimny, Ignis, Swift, Baleno, Ciaz, etc.
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M&M is giving the steepest discount on utility vehicles like Mahindra XUV 400, Bolero Neo and Marazzo.
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Ola Electric continues to lead India’s E2W market. In October 2023, the country’s largest E2W maker sold 24,000 units, up 47 per cent YoY from 16,357 units in October 2022.
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Irregular rainfall washes away tractor sales in October 2023!
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According to Rakesh Sharma, ED, Bajaj Auto, two-wheeler (2W) prices in India have risen by 30 per cent to 40 per cent in last three years.
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The recent rise in Electric Vehicle (EV) prices has not deterred citizens from buying electric two-wheelers (E2W) in the country.
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"The narrative of H1 FY24 is one of resilience and recovery, with the total auto retail registering a 9 per cent growth year on year," the Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said in a statement.
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Sale of mini car segment of Maruti Suzuki which comprises of Alto and S-Presso in total PV sales has fallen to seven per cent in September 2023 from 51 per cent back in September 2010.
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Passenger vehicles (PVs) and two wheelers (2Ws) can become further costlier towards the later part of the current calendar year.
