Electric Bike Sales Decline by 50% in the month of April
April witnessed a 50% month-over-month decline in total sales of electric two-wheelers as a shift in industry subsidies made a seasonal downturn worse.
Just over 64,000 EV scooters were sold overall in April, with over 33,000 sold by industry leader Ola Electric accounting for over half of that total.
But Ola itself experienced a decline in sales from a record high of more than 50,000 units in March 2024.