Electric two-wheeler registrations fell 20% month-on-month in April to 1.4 lakh units, after a 59% surge in March, according to Vahan data. While most OEMs saw double-digit declines, Ola Electric stood out with a 20% jump to 11,391 units, aided by new variants, Bharat Cell investments, and aggressive pricing. Startups struggled to gain share as competition intensified.
India’s used car market is expected to nearly double to around $70 billion by 2031 from about $35 billion today, a Redseer Strategy Consultants report says. Growth is being powered by greater affordability, shorter ownership cycles and rising buyer demand as more customers look for value without sacrificing mobility.
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