Remember all the hype around electric scooters? It felt like everyone was zipping into the future, and sales were absolutely zooming recently. Well, it seems April decided to throw a bit of a speed bump into the mix, with the industry seeing a noticeable slowdown.
The Backstory
Just last month, E2W registrations were on an incredible high, rocketing up by a massive 59% in March – a real celebration for electric vehicle enthusiasts! Everyone was super optimistic. But then April rolled in, and things cooled down quite a bit, leaving many scratching their heads about the sudden shift.
Key Facts
- Overall E2W registrations plunged by 27% in April.
- Ola Electric, however, defied the trend with a strong 20% jump in registrations.
- The E2W sector had seen a huge 59% increase in registrations in March.
- The industry experienced a significant contraction in April.
- Ola Electric was the key player bucking the general market trend.
What to Watch
🇮🇳 Why This Matters for India
This trend is vital for understanding India's evolving green mobility landscape and the performance of homegrown EV brands.
Source:
inc42.com ↗