EV penetration in domestic 2W mkt can rise to 40% by FY31: Ather Energy

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Electric two-wheeler penetration could rise to about 40% by FY31 in an ‘optimistic scenario’ when the overall two-wheeler industry in India touch 3-3.1 crore units annually growing at 8% CAGR, according to rel=”dofollow” href=”https://economictimes.indiatimes.com/ather-energy-ltd/stocks/companyid-1965014.cms” target=”_blank”>Ather Energy Ltd.

The growth is expected to be driven by increased EV launches, strong government support, rapid infrastructure development, reduced battery prices, and a faster consumer shift, the company said in its annual report for 2024-25.

In its management discussion and analysis, Ather Energy said the rapidly expanding EV market, propelled by…



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EV penetration in domestic 2W mkt can rise to 40% by FY31: Ather Energy



Electric two-wheeler penetration could rise to about 40% by FY31 in an ‘optimistic scenario’ when the overall two-wheeler industry in India touch 3-3.1 crore units annually growing at 8% CAGR, according to rel=”dofollow” href=”https://economictimes.indiatimes.com/ather-energy-ltd/stocks/companyid-1965014.cms” target=”_blank”>Ather Energy Ltd.

The growth is expected to be driven by increased EV launches, strong government support, rapid infrastructure development, reduced battery prices, and a faster consumer shift, the company said in its annual report for 2024-25.

In its management discussion and analysis, Ather Energy said the rapidly expanding EV market, propelled by…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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