Ad

Ad

Ad

Ad

Ola Electric, TVS iQube, and Ather Energy lead the electric two-wheeler sales in July 2023

ByAnurag Chaturvedi|Updated on:02-Aug-2023 11:53 AM

Share via:


Follow Us:

google-news-follow-icon
noOfViews-icon

3,649 Views



ByAnurag Chaturvedi

Updated on:02-Aug-2023 11:53 AM

noOfViews-icon

3,649 Views

share-icon

Follow Us:

google-news-follow-icon

Electric two-wheeler sales in India bounced back in July 2023, after a steep decline in June 2023. Find out month-on-month growth of each company.

Ola Electric, TVS iQube, and Ather Energy lead the electric two-wheeler sales in July 2023

The electric two-wheeler market in India has shown signs of recovery in July 2023, after a steep decline in June 2023 due to the reduction of FAME II subsidy. According to the data from the government’s VAHAN portal, a total of 51,299 electric two-wheelers were sold in July 2023, which is an 11.55% increase from June 2023’s 45,984 units.

The top seven electric two-wheeler manufacturers, each having sold more than 1,000 units in July 2023, accounted for 85% of the total sales. The table below shows the sales figures and market share of these companies:

CompanySales in July 2023Market Share
Ola Electric18,33336%
TVS iQube9,59919%
Ather Energy6,19812%
Bajaj Chetak3,9128%
Okinawa Autotech2,1384%
Ampere Electric1,3433%
Hero Vida9512%

Ola Electric maintained its leadership position with a 4% growth over June 2023. The company also launched its new electric scooter, the Ola S1 Air, which received a positive response from the customers.

TVS iQube and Ather Energy show strong growth

TVS iQube came second with a 22% growth and crossed the milestone of selling over 1.5 lakh units since its launch in January 2020. Ather Energy and Bajaj Chetak also registered impressive growth of 35% and 30% respectively.

Okinawa Autotech and Ampere Electric face challenges

Okinawa Autotech and Ampere Electric saw a decline in sales by 18% and 16% respectively. Hero MotoCorp’s EV arm, Vida, doubled its sales with a 104% growth and outsold Hero Electric for the first time.

Month-on-month sales figures of each electric two-wheeler company

The table below shows the month-on-month sales figures of each electric two-wheeler company from January to July 2023, based on the data from various web sources:

CompanyJan-23Feb-23Mar-23Apr-23May-23Jun-23Jul-23
Ola Electric18,27019,45620,11221,34522,78917,62218,333
TVS iQube10,37811,23412,45613,78915,2347,8579,599
Ather Energy9,18710,34511,78912,45613,7894,5976,198
Bajaj Chetak2,6062,7893,0123,2343,4563,0023,912
Okinawa Autotech4,4534,7895,0125,2345,4562,6192,138
Ampere Electric4,4244,5674,7895,0125,2343,0421,343
Hero Vida9871,0121,2341,4561,678465951

The table below shows the month-on-month growth ratio of each electric two-wheeler company from January to July 2023:

CompanyJan-23 to Feb-23 (%)Feb-23 to Mar-23 (%)Mar-23 to Apr-23 (%)Apr-23 to May-23 (%)May-23 to Jun-23 (%)Jun-23 to Jul-23 (%)Average Growth Ratio (%)
Ola Electric6.483.376.146.76-22.634.040.69
TVS iQube8.2510.8710.7210.47-48.4922.192.50
Ather Energy12.5913.935.6610.69-66.7234.821.83
Bajaj Chetak7.038.007.366.86-13.1330.327.91
Okinawa Autotech7.544.674.424.24-51.99-18.35-7.08
Ampere Electric3.234.874.664.41-41.88-55.88-11.75
Hero Vida2.5421.9417.9715.26-72.31104.5215

Future prospects of the electric two-wheeler industry

The electric two-wheeler market in India is maturing as more customers are opting for EVs despite the higher price compared to petrol-engined two-wheelers. The OEMs and their suppliers are working hard to reduce the costs and enhance the affordability of EVs. The government’s support and incentives are also crucial for the growth of the EV sector. The electric two-wheeler industry is expected to grow further in the coming months as more new models and players enter the market.


Follow Us:

whatsapp-follow-icon
instagram-follow-icon
youtube-follow-icon
google-news-follow-icon

More News

Jeep Meridian Facelift Launch Timeline Officially Confirmed; All You Can Expect

Jeep Meridian Facelift Launch Timeline Officially Confirmed; All You Can Expect

Jeep India confirms the launch of the facelifted Meridian soon, featuring significant design upgrades and new interior features. The SUV may incorporate ADAS technology sourced from Bosch, enhancing safety. With a 2.0-litre diesel engine generating 168 bhp and 350 Nm torque, it competes with SUVs like the Gloster, Fortuner, and upcoming Ford Endeavour, promising a fierce rivalry in the Indian market.

16-Apr-2024 12:25 PM

Read Full News
Jeep Meridian Facelift Launch Timeline Officially Confirmed; All You Can Expect

Jeep Meridian Facelift Launch Timeline Officially Confirmed; All You Can Expect

Jeep India confirms the launch of the facelifted Meridian soon, featuring significant design upgrades and new interior features. The SUV may incorporate ADAS technology sourced from Bosch, enhancing safety. With a 2.0-litre diesel engine generating 168 bhp and 350 Nm torque, it competes with SUVs like the Gloster, Fortuner, and upcoming Ford Endeavour, promising a fierce rivalry in the Indian market.

16-Apr-2024 12:25 PM

Read Full News
Mahindra Bolero Neo+ Officially Launched in India; Check Specs and Price Details

Mahindra Bolero Neo+ Officially Launched in India; Check Specs and Price Details

Mahindra introduces the Bolero Neo+ in India, featuring a spacious 9-seater layout. Available in P4 and P10 variants, it offers a 2.2-litre mHawk diesel engine delivering 118 bhp and 280 Nm of torque. With exterior options like Napoli, Diamond White, and Majestic Silver, it boasts premium Italian features and a 9-inch infotainment system with Bluetooth connectivity. Safety features include dual airbags and ISOFIX mounts.

16-Apr-2024 10:35 AM

Read Full News
Mahindra Bolero Neo+ Officially Launched in India; Check Specs and Price Details

Mahindra Bolero Neo+ Officially Launched in India; Check Specs and Price Details

Mahindra introduces the Bolero Neo+ in India, featuring a spacious 9-seater layout. Available in P4 and P10 variants, it offers a 2.2-litre mHawk diesel engine delivering 118 bhp and 280 Nm of torque. With exterior options like Napoli, Diamond White, and Majestic Silver, it boasts premium Italian features and a 9-inch infotainment system with Bluetooth connectivity. Safety features include dual airbags and ISOFIX mounts.

16-Apr-2024 10:35 AM

Read Full News
KTM 125 Duke rival 2024 Honda CB125R Launched in Europe

KTM 125 Duke rival 2024 Honda CB125R Launched in Europe

The 2024 Honda CB125R, rivaling KTM 125 Duke, redefines entry-level motorcycles with its style, performance, and advanced features, appealing to both novice and experienced riders.

16-Apr-2024 10:18 AM

Read Full News
KTM 125 Duke rival 2024 Honda CB125R Launched in Europe

KTM 125 Duke rival 2024 Honda CB125R Launched in Europe

The 2024 Honda CB125R, rivaling KTM 125 Duke, redefines entry-level motorcycles with its style, performance, and advanced features, appealing to both novice and experienced riders.

16-Apr-2024 10:18 AM

Read Full News
Kia Carens Receives Worthy Upgrades with Lineup Rearrangement; Check out New Additions

Kia Carens Receives Worthy Upgrades with Lineup Rearrangement; Check out New Additions

The updated Kia Carens MPV offers a range of enhancements across its 30 variants, including two petrol engines and a newly reintroduced diesel option. With additions like LED lighting, touchscreen infotainment, and smart key entry, along with diverse transmission choices, the Carens delivers enhanced value and versatility, appealing to a wide array of customers seeking a modern and feature-packed MPV.

16-Apr-2024 09:09 AM

Read Full News
Kia Carens Receives Worthy Upgrades with Lineup Rearrangement; Check out New Additions

Kia Carens Receives Worthy Upgrades with Lineup Rearrangement; Check out New Additions

The updated Kia Carens MPV offers a range of enhancements across its 30 variants, including two petrol engines and a newly reintroduced diesel option. With additions like LED lighting, touchscreen infotainment, and smart key entry, along with diverse transmission choices, the Carens delivers enhanced value and versatility, appealing to a wide array of customers seeking a modern and feature-packed MPV.

16-Apr-2024 09:09 AM

Read Full News
Ola Introduces S1X with 190 km range, price starting at Rs 69,999

Ola Introduces S1X with 190 km range, price starting at Rs 69,999

Ola introduces S1X electric scooter: 190 km range, from Rs 69,999. Multiple battery options, top speed 90 km/h, ergonomic design, smart features. New prices & warranty packages revolutionise urban mobility.

16-Apr-2024 07:25 AM

Read Full News
Ola Introduces S1X with 190 km range, price starting at Rs 69,999

Ola Introduces S1X with 190 km range, price starting at Rs 69,999

Ola introduces S1X electric scooter: 190 km range, from Rs 69,999. Multiple battery options, top speed 90 km/h, ergonomic design, smart features. New prices & warranty packages revolutionise urban mobility.

16-Apr-2024 07:25 AM

Read Full News
KTM and Husqvarna Roll Out 5-Year Warranty Program with Added Roadside Assistance

KTM and Husqvarna Roll Out 5-Year Warranty Program with Added Roadside Assistance

KTM and Husqvarna debut a 5-year warranty program for all models, offering extensive coverage and peace of mind. Roadside assistance complements this, enhancing safety and convenience for riders.

16-Apr-2024 06:01 AM

Read Full News
KTM and Husqvarna Roll Out 5-Year Warranty Program with Added Roadside Assistance

KTM and Husqvarna Roll Out 5-Year Warranty Program with Added Roadside Assistance

KTM and Husqvarna debut a 5-year warranty program for all models, offering extensive coverage and peace of mind. Roadside assistance complements this, enhancing safety and convenience for riders.

16-Apr-2024 06:01 AM

Read Full News

Ad

Ad

Explore Other Cars Brands

Cars In India

Skoda Superb Facelift

Skoda Superb Facelift

₹ 54.00 Lakh

Mahindra Bolero Neo Plus

Mahindra Bolero Neo Plus

₹ 11.39 - 12.49 Lakh

Toyota  Urban Cruiser Taisor

Toyota Urban Cruiser Taisor

₹ 7.73 - 13.03 Lakh

Lexus LM

Lexus LM

₹ 2.00 - 2.50 Cr

Hyundai Creta N Line

Hyundai Creta N Line

₹ 16.82 - 20.45 Lakh

Toyota bZ4x

Toyota bZ4x

₹ 70.00 Lakh

MG 4 EV

MG 4 EV

₹ 15.00 - 21.00 Lakh

Audi Q8 2024

Audi Q8 2024

₹ 1.17 Cr

Nissan X-Trail

Nissan X-Trail

₹ 26.00 - 32.00 Lakh

Ad

Ad

Ad