The demand for and sales of electric two-wheelers is booming in India. The overall number of electric two-wheeler registrations surpasses 51,000 units in September 2022. As more businesses make a foray into the market and established brands introduce new products, the competition becomes more intense.
The top 5 best-selling electric two-wheeler brands
Below are the top 5 best-selling electric two-wheeler brands in India in September 2022:
- Ola Electric =9616
- Okinawa = 8277
- Hero Electric = 8,018
- Ather Energy =7,435
- Greaves’ Ampere =6189
The market leader is Ola Electric
Leading OEMs are Hero Electric, TVS, and Revolt News saw a decline in sales in a month where overall registrations for electric two-wheelers increased by a tiny margin. With 9,616 scooters registered in September, Ola Electric leads E2W sales, the best numbers since April. With 7,435 registered scooters across India, Ather Energy flaunts its best monthly results to date. The total number of electric two-wheeler registrations has surpassed 51,000 units.
Ola Electric got reinvigorated with the inclusion of an inexpensive model in its lineup and again dominated the sales of electric two-wheelers (E2W) in September. According to the most recent registration data on the VAHAN portal, Ola electric vehicle (EV) registered an overall 9,616 scooters last month in India. It was Ola’s best month for sales since April, the first time Ola had topped E2W sales since starting customer deliveries in December 2021.
Ola started shipping the entry-level “S1” scooter early in September, which is available at an initial price of Rs 1 lakh, after watching numbers decline steadily for the previous few months. This move appears to have affected Ola’s sales performance. To encourage customers to purchase the more expensive S1 Pro model, the startup is offering a cash discount of Rs 10,000.
Okinawa and Hero Electric compete for market position
In contrast to the 8,554 scooters registered in August, Ola’s ascent to the top forced Okinawa Autotech into second place. Across the country, Hero Electric sold only 8,018 scooters, a significant decline of roughly 24% from August’s figures.
Phenomenal sales for Ather
With 6,189 registered scooters, Greaves Ampere Electric Vehicles barely held on to fifth place. While Ather Energy recently introduced the Ather 450 Gen 3 models and claimed fourth place with its best position to date.
How the remaining brands did
The number of TVS iQube registrations fell to 3,932. That’s a drop from the 6,282 units registered in August. TVS stated, however, that dispatches of the iQube increased from 4,418 in August to 4,923 in September.
Bajaj Chetak‘s sales remain unchanged, looking at 2,557 units sold in the month. Benling India came in ninth with 963 scooters sold. Revolt Motors’ RV400 sales dropped sharply to 836 units, placing the business in ninth place behind Okaya EV (878 scooters sold).
The grand figure was 51,480 electric two-wheeler units registered overall for the month, with the top 10 E2W businesses collectively selling 47,423 units.
Bottom Line: Safety regulations
Point to note, the country’s EV companies are trying to meet stricter battery safety regulations. India just extended the deadline. The implementation of AIS-156 and AIS-038 will occur in two phases: Phase 1 will begin on December 1, 2022, and Phase 2 will follow in March 2023.
Hero MotoCorp, the largest two-wheeler manufacturer in India, will debut its first electric scooter in the E2W arena on October 7.