Electric 2 Wheeler Penetration Set To Touch 10% By FY27 Despite GST-led Slowdown: Ind-Ra - BW Businessworld

India’s electric two-wheeler market is expected to sustain its growth despite a temporary slowdown, with penetration projected to rise to 8–10 per cent by FY27 from 6.6 per cent in FY26, according to a report by India Ratings and Research. This marks a sharp increase from 1.8 per cent in FY22, reflecting the pace at which electric mobility has entered the mainstream. The agency notes that demand s…