The easing of rare-earth supply is expected to drive electric two-wheeler volume growth in India to 16-18 per cent next fiscal after moderating to 12-13 per cent in the ongoing fiscal due to supply chain constraints, according to Crisil Ratings.
This fiscal, the electric two-wheeler (E2W) growth is expected to moderate due to temporary disruptions in the supply of rare-earth magnets and the goods and services tax (GST) rationalisation on internal combustion engine (ICE) models, Crisil Ratings said in a statement.
In the previous fiscal, E2W volume growth was at 22 per cent, it added.
“The supply disruption caused by the shortage of rare-earth magnets had weighed on E2W volumes around mid-year. As availability began to ease, coinciding with the GST-led price revision in ICE models, OEMs relied on discounting and introduced lower-priced electric models to narrow the ICE-EV price gap,” Crisil Ratings Senior Director Anuj Sethi said.
While this has supported a recovery in volumes in ..​The easing of rare-earth supply is expected to drive electric two-wheeler volume growth in India to 16-18 per cent next fiscal after moderating to 12-13 per cent in the ongoing fiscal due to supply chain constraints, according to Crisil Ratings.
This fiscal, the electric two-wheeler (E2W) growth is expected to moderate due to temporary disruptions in the supply of rare-earth magnets and the goods and services tax (GST) rationalisation on internal combustion engine (ICE) models, Crisil Ratings said in a statement.
In the previous fiscal, E2W volume growth was at 22 per cent, it added.
“The supply disruption caused by the shortage of rare-earth magnets had weighed on E2W volumes around mid-year. As availability began to ease, coinciding with the GST-led price revision in ICE models, OEMs relied on discounting and introduced lower-priced electric models to narrow the ICE-EV price gap,” Crisil Ratings Senior Director Anuj Sethi said.
While this has supported a recovery in volumes in .. ​Latest News [ SOBAN NEWS: International and National ]
