India's electric two-wheeler sales to grow 16-18% in FY27 as rare mineral supply improves

India's electric two-wheeler sales are projected to grow 16-18% in FY27 due to improved rare mineral supply. This follows a slower growth of 12-13% in the current fiscal year, impacted by supply chain disruptions and GST rationalization on internal combustion engine vehicles. Last fiscal year, electric two-wheeler volume growth was 22%. Improved rare mineral availability is expected to boost sales, provided supply remains stable.