Shares of Ola Electric rose up to 4.7% on reports that Niti Aayog has called a high-level meeting with top two-wheeler makers to push electric motorcycles. While EV scooters already command nearly 15% of their segment, motorcycles—two-thirds of India’s two-wheeler market—have just 0.1% penetration, posing a key challenge to the government’s broader electrification goals.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets