Under 1 Lakh e-scooters are in high demand: As per July 2022 Data Analysis.
Two-wheelers (e-scooters) are in demand as this is easy to drive even in traffic, also this is affordable for youngsters as well. Electric Vehicles are in demand as this saves the daily income which we waste on fuels. Electric two-wheelers under the price of Rs. one lakh are in the huge trend of sales were seen in entry-level internal combustion engine (ICE) vehicles. This is becoming the most favored alternative at a time when fuel & operational costs are at their peak.
You can believe that electric 2-wheelers priced under one lakh are gaining numbers. The Rupees 70 thousand to 90 thousand electric 2 wheelers are turning out to be the best spot for customers.
These price details are for the electric bikes which are below one hundred and twenty-five cc- which means for approximately eighty percent 80% of the numbers at the entry-level ICE 2 wheelers.
Retails in electronic 2-wheeler sales have been on an uprising like swings & have accounted for 3.8 % of the total 2-wheeler sales in the past month of July 2022.
The entry-level or we can say that the commuter ICE segment has been under pressure over the last 4-5 years.