Electric 2-wheelers to see 16-18 pc volume growth in FY28 as rare-earth supply eases: Crisil Ratings

Electric two-wheeler sales in India are set to rebound. Growth is projected at 16-18 percent next fiscal year. This follows a moderation this fiscal due to supply issues. Easing rare-earth magnet availability is a key driver. Legacy players are gaining market share. Their dealer networks and product ranges are expanding. Electric two-wheelers maintain a strong cost advantage.