E-scooter sales recover after subsidy cuts

Electric two-wheeler sales in India increased by 16% to 3.4 lakh units in the first six months of the financial year 2023-24. Despite a dip in sales after the government reduced subsidies in June, sales have been stabilizing in recent months. However, month-on-month growth has flattened out, posing a challenge to reach the target of 20 lakh units set by Niti Aayog.

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