In May 2024, the electric two-wheeler market witnessed marginally lower sales of 63,797 units compared to 64,495 units in April 2024. Although it was anticipated that e2W retails would significantly decline, this has not been the case in the second month of the ongoing EMPS subsidy. The top four OEMs that performed the best in May 2024 are Ola in the first position, TVS in the second, Ather in the third, and Bajaj in the fourth.
Let’s now delve into the top 10 OEMs that have maintained strong sales performance in May 2024:
Sr.No
OEM
April
May
MOM Growth %
Market Share %
1
Ola Electric
33,148
24,400
-35 %
38.24 %
2
TVS Motor
7,742
11,737
34 %
18.39 %
3
Bajaj Auto
7,55
9,189
18 %
14.40%
4
Ather Energy
4,116
6,024
32 %
9.44 %
5
Hero Motorcorp
6
Greaves Electric
7
Wardwizard Innovations
8
Bgauss Auto
9
Revolt Intellicorp
10
Okaya EV