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EV two-wheeler gross sales cross 2.75 lakh mark in April-September interval | Autocar India

Written by Ravi Kapoor

Ola Electrical is now again within the second place on the gross sales chart after a short slowdown between June to August.

India’s electrical two-wheeler progress story is getting higher, month on month. General month-to-month retail gross sales crossed the 50,000-unit mark in August 2022, and September gross sales have performed higher with 51,784 items – up 2.53 p.c. 

The excellent news in regards to the section doesn’t cease there. As per the electrical two-wheeler retail numbers, revealed by Vinkesh Gulati, chairman of FADA India Analysis & Academy, cumulative gross sales for the primary half of FY2023 (April-September 2022) are 2,77,910 items; a sturdy 404 p.c progress over the primary half of FY2022’s 55,147 items. October gross sales will see the three,00,000-unit mark – at the moment 22,090 items away – being surpassed simply. 

EV business headed in direction of 6,00,000-plus gross sales in FY2023

Suffice it to say, this ‘low-hanging fruit’ of the EV business is headed in direction of 6,00,000-plus gross sales this fiscal. A have a look at the retail gross sales information desk reveals that of the 51,784 items bought in September, the highest seven OEMs account for 44,845 items, or an amazing 86 p.c of complete gross sales. Equally, on the cumulative entrance, eight gamers – Okinawa Autotech, Ola Electrical, Hero Electrical, Ampere Autos, Ather Power, TVS Motor Co, Bajaj Auto and Revolt Bikes – account for two,41,298 items, or 87 p.c of complete retail. 

Okinawa stays in first place

Okinawa Autotech, which has a big portfolio of each high- and low-speed e-scooters, has crossed the 50,000-unit gross sales milestone. With 52,236 items in April-September 2022, it has averaged month-to-month gross sales of 8,706 items. 

The corporate, which sees robust demand for its iPraise+ and Reward Professional high-speed fashions, at the moment has a community of over 350 sellers in key metro cities and goals to succeed in Tier 2 and three cities in addition to rural India.

Ola Electrical again in second after transient slowdown

Ola Electrical, which opened FY2023 with 12,703 items in April and 9,255 items in Might, held the No. 1 place for Q1 FY2023 (April-June 2022) with cumulative gross sales of 27,849 items. However the firm noticed demand slowing down from June to August, earlier than bouncing again with a powerful efficiency in September.

With gross sales of 9,649 items final month, it’s not solely the bestselling OEM however has additionally taken the general No. 2 place from Hero MotoCorp for the primary half of FY2023 with 44,801 gross sales in April-September. 

Hero Electrical slips to 3rd place

The business topper in July (8,954 items) and August (10,481 items), Hero Electrical bought 8,019 items in September, securing the third spot on the gross sales chart. It additionally dropped down to 3rd place within the cumulative scores for the primary half of the monetary yr with 43,388 items – 913 items behind Ola. 

Hero Electrical, which is aggressively driving enlargement, at the moment has over 700 gross sales and repair shops. Lately, Hero tied up with Jio-bp to allow its prospects to get entry to a widespread charging and swapping community.  

Ampere Autos: a constant performer

Ampere Autos, with cumulative gross sales of 37,829 items within the first half of FY2023, has been registering a constant efficiency and is averaging 6,304 items a month. In July, Ampere inked a partnership with Flipkart, India’s homegrown e-commerce market, to speed up gross sales of the Ampere Magnus EX electrical scooter.

Ather hits a excessive in September

September noticed Bengaluru-based Ather Power notch its highest-ever month-to-month wholesales of seven,435 items and retails of 6,176 items. The six-month cumulative retail stack up at 22,380 items. What helps Ather obtain higher numbers is the improved provides to its showrooms throughout India.

TVS takes the lead over Bajaj

As demand for electrical two-wheelers continues on its robust progress trajectory in India, ICE two-wheeler and electrical scooter rivals Bajaj Auto and TVS Motor Co are additionally making strong features with their electrical scooters. Apparently, each firms launched their merchandise – the Bajaj Chetak and TVS iQube – in the identical month: January 2020.  

Within the first half of FY2023, TVS bought a complete of 18,347 iQubes, averaging 3,057 items a month. Compared, the Bajaj Chetak has gone residence to 12,263 homeowners, or 2,043 a month. Each firms are steadily increasing their retail community and buyer attain for his or her electrical scooters.

About the author

Ravi Kapoor