Why the Indian EV consumer prefers two-wheelers
[ad_1]
The Indian Electric Vehicle (EV) market has been spinning recently, and two-wheelers are the clear winners in this race on Indian roads. Electric cars might be attracting the global EV consumer, but the Indian EV consumer is clearly showing a preference for two-wheelers.The Indian automotive industry saw a sharp increase in two-wheeler sales in the financial year 2022. According to the Society of Indian Automobile Manufacturers (SIAM), in the first two months of this fiscal year, sales of two-wheelers in the local market increased 16% year-on-year to 2,810,138 units. Statista estimates that the Indian demand for EV two-wheelers could reach as much as 8.2 million units annually, looking at the country's massive market potential. This projected demand makes up a crucial part of the...