The Indian E2W market witnessed a significant shift in market leadership in December 2024, which reflected the changing consumer needs and fierce competition in the segment.
Once dominated by Ola Electric, the electric two wheeler industry experienced a shift in market dynamics, with legacy players like Bajaj Auto and TVS Motors now leading the way.
In December 2024, Bajaj Auto led the E2W sales with 18,276 units, followed closely by TVS Motors with 17,212 units, surpassing Ola Electric, which had been the market leader for the longest time. This shift reflects an evolving customer preference for brands, which are fuel by reliability, better service and affordable pricing.
EV Manufacturer
Nov
Dec
MoM Growth (%)
Market Share (%)
Ola Electric
29,252
13,769
-52.93
20.56
TVS Motor Co
27,208
17,212
-36.74
25.7
Bajaj Auto
26,357
18,276
-30.66
27.29
Ather Energy
12,909
10,421
-19.27
15.56
Hero MotoCorp
7,344
1,020
-86.11
1.52
Greaves Electric Mobility
4,470
2,795
-37.47
4.17
Bgauss Auto
1,878
1,100
-41.43
1.64
Kinetic Green Energy
1,096
601
-45.16
0.9
Wardwizard Innovations
980
784
-20
1.17
Revolt Intellicorp
2,001
994
-50.32
1.48
The post Electric Two-wheeler Sales Data in December 2024 – Top 10 Company appeared first on E-Vehicle Info.
