E-scooter growth stagnates after meteoric rise; registrations fall over 24%

The February and March figures had prompted analysts to make ambitious projections

Electric scooter registrations of eight companies which represent 95 per cent of the market have seen a sharp fall of over 24 per cent in May. They have registered 32,680 electric scooters against 43,098 in April according to VAHAN data from the Ministry of Road Transport and Highways available till the evening of 31 May.

Auto analysts say the fall is a reflection of the initial pent up demand in the market for such vehicles, which was evinced in huge bookings, being met. The numbers will become even more ‘realistic’, they say.

The registration numbers in May have seen Ola