Top Electric Two-Wheeler Manufacturers in India for the First 11 Months of FY 2024
Top Electric Two-Wheeler Manufacturers in India for the First 11 Months of FY 2024

Top Electric Two-Wheeler Manufacturers in India for the First 11 Months of FY 2024

March 1, 2024
0 Comments

 

The Indian electric two-wheeler market continued its positive growth trajectory in the first 11 months of FY 2024, with sales exceeding 800,000 units. This represents a significant 26% increase year-on-year compared to the same period in FY2023.Top Electric Two-Wheeler Manufacturers

Ola Electric maintained its dominant position in the market with a 41% share, selling 33,722 units in February 2024. This was likely driven by a strategic price reduction on their S1 lineup.

TVS Motor Co. and Bajaj Auto followed closely behind with 18% and 14% market share, respectively. TVS likely benefited from the consistent performance of their iQube model, while Bajaj Auto’s market share is likely due to the popularity of their Chetak offering.

Here’s a table showing the top electric two-wheeler manufacturers in India for the first 11 months of FY 2024, along with their April 2023 to February 2024 unit sales:

EV manufacturer
Apr 23
May 23
Jun 23
Jul 23
Aug 23
SEP ’23
Oct 23
Nov 23
Dec 23
Jan 24
FEB ’24
TOTAL

Ola Electric
22,068
28,739
17,687
19,401
18,743
18,701
23,839
29,945
30,324
32,316
33,722
2,75,485

TVS Motor Co
8,758
20,433
7,867
10,398
15,482
15,610
16,501
19,117
12,293
15,313
14,499
1,56,271

Ather Energy
7,801
15,429
4,602
6,681
7,146
7,189
8,463
9,303
6,522
9,342
8,983
91,461

Bajaj Auto
3,720
10,000
3,007
4,127
6,579
7,104
9,066
11,833
10,405
10,872
11,618
88,331

Looking Ahead:

The Indian electric two-wheeler market is expected to witness continued growth in the coming years, driven by factors such as:

Technological advancements in electric vehicles
Improved charging infrastructure
A wider range of product offerings catering to diverse consumer needs
Supportive government policies, like the FAME 2 scheme, that make electric vehicles more affordable
With several established players and new entrants joining the market, the Indian e2W industry is well-positioned to achieve even greater sales milestones in the future.

More Updates

Add a comment

Your email address will not be published. Required fields are marked *

Comments (0)

Tork Kratos R Zooms in on Affordability with Price Cut and Extended Range - EV Dhandha

[…] Top Electric two wheeler manufacturers Share Tweet […]

Recent Posts

About us

John Hendricks
Blog Editor
We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods..
Electric vehicles and EV Finance available at several locations across India. Lowest prices and the best customer service guaranteed.
Copyright Finiot Private Limited © 2022. All rights reserved.