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Over 2,500 Electric Two-Wheelers Sold In September 2020; Industry Shows Signs Of Recovery, Says SMEV

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The 2,544 items solely embrace High-Speed Electric two-wheelers offered in September 2020

The Society of Manufacturers of Electric Vehicles (SMEV) has launched the September gross sales quantity for electrical two-wheelers in India, which stood at 2544 items. The knowledge solely contains gross sales numbers of High-Speed Electric two-wheelers (HS E2W), and as in opposition to the 1473 autos offered in September 2019, the trade noticed a Year-on-Year (Y-o-Y) development of 72 per cent. While that’s definitely a formidable quantity, we’ve got to think about the truth that final yr, throughout this era, the Indian auto trade was dealing with one of many greatest slowdowns. Furthermore, a number of high-speed electrical two-wheelers – together with the Ather 450X, Bajaj Chetak, and TVS iQube – had been launched in 2020.

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As in opposition to the 1473 electrical two-wheelers offered in September 2019, the trade noticed a Year-on-Year (Y-o-Y) development of 72 per cent

Furthermore, within the first half of the monetary yr 2020-21, that’s between April and September 2020, the whole electrical two-wheeler gross sales stood at 7,552 items, a decline of over 25 per cent in comparison with the 10,161 electrical two-wheelers offered throughout the identical interval within the final monetary yr. Commenting on the trade’s efficiency, Sohinder Gill, Director General, Society of Manufacturers of Electric Vehicles (SMEV), stated, “One of the main reasons of the stagnant sales is attributed to customers not able to buy products due to COVID 19, which led to lockdown in the country. However, the industry has been quickly able to enter the positive curve soon after the government announced the unlock process”

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Between April and September 2020, the whole electrical two-wheeler gross sales stood at 7,552 items, a decline of over 25 per cent

Having stated that, one can’t deny the actual fact that there’s a rising demand for electrical two-wheelers in India. In truth, in comparison with the 1,793 items offered in August 2020, the trade noticed a month-on-month development of about 42 per cent. As in opposition to the 1,343 items offered in July 2020, the trade noticed a development of 89 per cent in September 2020. Talking in regards to the improve in demand, Gill stated “We are experiencing huge customers’ interest in greener vehicles as they have seen how the environment looks like when no fuel-guzzling vehicles are running on roads. The upcoming festive season will add to the pent up demand and help OEMs to recover what they lost in quarter 1 and 2 due to COVID lockdown.”

Also Read: Ather 450X Series1 Collector’s Edition Breaks Cover

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Talking about how the federal government can assist increase demand, Sohinder Gill stated, “Some of the measures that could be adopted are removal of the ‘range criteria’ from two-wheelers for a subsidy, reduction of GST on batteries from 18 to 5 per cent when sold separately, mandating delivery businesses to convert their fleets to EVs, and promote electric mobility under ‘Swatchh Bharat Campaign.”

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