Electric 2-wheelers to see 16-18% volume growth in FY28 as rare-earth supply eases: Crisil Ratings
Electric two-wheeler volume growth in India is projected to rebound to 16-18% next fiscal, recovering from a moderated 12-13% this fiscal due to eased rare-earth supply. Despite GST rationalization on ICE models, E2Ws maintain a strong ownership-cost advantage, with legacy players gaining market share due to their established networks and wider model ranges.
Electric two-wheeler volume growth in India is projected to rebound to 16-18% next fiscal, recovering from a moderated 12-13% this fiscal due to eased rare-earth supply. Despite GST rationalization on ICE models, E2Ws maintain a strong ownership-cost advantage, with legacy players gaining market share due to their established networks and wider model ranges.
