The electric two-wheeler market in India is continuously growing. In the month of October 2023 alone, a total of 71,604 electric two-wheelers were sold in the market. It’s worth noting that along with old companies, many new companies have also entered the market, and their electric two-wheelers are gaining popularity among consumers. In this report, we will discuss the top selling companies in October 2023.
Ola emerged as the top-selling company in October 2023, with reports indicating that the company sold a total of 22,284 units of its electric two-wheeler. This marks a 19.2% growth compared to the previous month’s sales.
TVS Motors sold 15,603 units of its electric scooter, iQube, in October 2023, compared to 15,584 units in September. The company experienced a marginal 0.1% growth in sales.
Bajaj Motors, with its electric scooter ‘Chetak’, sold 8,430 units in October 2023, marking an 18.7% growth from the previous month’s sales of 7,097 units.
Ather sold 8,027 electric two-wheelers in October 2023, compared to the 7,151 units sold in September, reflecting a 12.2% growth in sales.
Greaves saw a total of 4,019 units of its electric two-wheeler sold in October 2023, compared to 3,612 units in September, marking an 11.2% growth in sales.
The growth in the electric two-wheeler market indicates a shifting trend towards sustainable and eco-friendly modes of transportation. With the entry of new players in the market, competition is expected to further drive innovation and improve the quality of electric vehicles available to consumers.
Summery:
– The electric two-wheeler market in India is continuously growing, with a total of 71,604 units sold in October 2023.
– Ola sold the most electric two-wheelers in October 2023, with a total of 22,284 units sold.
– TVS Motors sold 15,603 units of their electric scooter iQube in October 2023.
– Bajaj Motors sold 8,430 units of their electric scooter Chetak in October 2023.
– Ather sold 8,027 units of their electric two-wheeler in October 2023, and Greaves sold 4,019 units. Overall, the market continues to see growth in electric scooter sales.
