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Fire Incidents Making Electric Two-Wheeler Sales Go Down, Will You Buy One?

24 June 2022, 04:02 PM BikeWale Team
Fire Incidents Making Electric Two-Wheeler Sales Go Down, Will You Buy One?

Read full article: https://bit.ly/3OIx4tj The numbers posted by E2W start-ups and bigger OEMs have hinted towards a possible significant shift in the industry. 'The issues of fire incidents and poor quality have led to an erosion for brands. These incidents have been one of the prime reasons behind this decline. Ola Electric eating market share of other brands is also a clear reason. The sentiment for e2Ws is not good in the market at the moment,' Dr Akshay Singhal, Founder & CEO, Log 9 Materials. Hero Electric, the biggest name in the E2W segment in India, managed to sell only 2,850 E2Ws against 13,028 EV sales in March 2022 and 6,579 E2W sales in April 2022. This is not the end of the story, as the overall 2W segment has posted growth. This big slump in sales looks caused by a mix of EVs catching fire and supply chain constraints. It is worth mentioning that many EVs (from Ola Electric, Okinawa, Jeetendra and more OEMs) had caught fire at the end of March and the beginning of April 2022. 

Read more: https://bit.ly/3OIx4tj

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