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Ola Electrical tops EV gross sales in October 2022 | Autocar India

Written by Ravi Kapoor

Month-to-month EV gross sales hit a brand new peak of 68,324 models in October as per Vahan automobile registration portal.

Ola Electrical had a bumper festive season, despatching as many as 20,000 models as per the Vahan portal. From slipping to the fourth place in June 2022, and recording an all-time low of three,426 models in July, Ola has now recorded its new peak in month-to-month retail gross sales at 15,095 models for October, the information revealed.

The rise in gross sales may be attributed to the constructive sentiment throughout the festive season in addition to elevated availability of scooters on the again of improved chip provides. An Ola spokesperson mentioned that 20,000 models being despatched within the festive month of October is the very best for any EV model in India. 

Ola’s development is double that of market

Ola clocked a 60 % development month on month, whereas the general EV 2W market grew by virtually 30 %. The launch of a brand new entry-level mannequin and opening up of expertise shops has helped Ola create extra traction within the market, mentioned individuals within the know. The opening up of bodily shops has additionally re-assured potential patrons to go for Ola and helped the corporate enhance its turnaround time.

As compared, Rajasthan-based Okinawa Autotech offered 11,754 models, Ampere offered 8,812 models, Hero Electrical 8,348 models and Ather Power 6,976 as per the Vahan portal. Legacy gamers TVS Motors and Bajaj Auto offered 5,205 models and three,265 models of the iQube and Chetak, respectively, in October.

Highest ever EV two-wheeler gross sales

Whereas Ola has topped the EV charts for the second time in as many months, the electrical two-wheeler business has posted its highest ever registration of 68,324 two-wheeler EVs in October. For perspective, the month-to-month gross sales of EVs beforehand hovered across the 50,000-unit mark in August and September, 2022.

FADA president Manish Raj Singhania mentioned that the electrical two-wheeler market not solely has the newer incumbents clocking their all-time gross sales, even presence of legacy gamers like Bajaj, TVS and currently Hero, with their Vida V1, will assist enhance buyer sentiments and encourage fast adoption of latest EVs.

Enlargement pan-India will “enhance buyer sentiment to make a quicker shift to EVs that has been restricted by the fireplace incidents,” Singhania believed.

About the author

Ravi Kapoor