India Auto Sales Surge in August, but EV Two-Wheelers Stall as Subsidy Cuts Bite

1.72 Lakh — India's electric two-wheeler registrations fell to this level in August, a 16.2% month-on-month decline, as the government's subsidy cuts start to leave a mark on the market.

Money Moves

• Tata Motors EVs nearly double — Domestic EV sales surged 94% YoY to 16,549 units in August, a clear sign that four-wheeler electrification is accelerating even as two-wheelers struggle.
• Mahindra & Mahindra total sales up 50% — The SUV giant...