April 2023 Electric two wheeler sales; Ola Electric maintains its dominance at the top.
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April 2023 Electric two wheeler sales; Ola Electric maintains its dominance at the top.

Electric two wheeler sales of Okinawa and Hero Electric declined in April 2023. The companies managed to sell just over 3,000 E2W.

Electric two wheelers sales and demand in India are increasing rapidly. Electric two-wheeler sales in India crossed the 60,000 mark in April 2023, reflecting the growing demand for sustainable transportation alternatives.

In April 2023, 66,410 electric two-wheelers were sold in India.

The competition in the electric two-wheeler market is getting tougher as new companies are entering the market and existing companies are launching new products to capture the growing demand. However, one company that has completely outshined the other electric two-wheeler companies in India is Ola Electric.

Ola Electric has maintained its top position on the sales list. In April 2023, the company sold a whopping 21,845 electric two-wheelers in India, consistently selling over 20,000 electric scooters a month.

Ola Electric is now focusing on expanding its offline retail network across India. The company has launched 500 stores across the country, and by August 15, 2023, it plans to have a total of 1,000 stores in operation. This move is expected to further boost its sales and strengthen its position in the market.

In the retail sales ranking, TVS has secured the second spot by delivering 8,727 iQube electric scooters in April. Furthermore, TVS is all set to commence deliveries of its flagship e-scooter, the iQube ST, later this year. The sales of TVS’ electric scooters have also shown significant growth in 2023, with the company selling 39,677 e-two-wheelers in the first quarter.

With 8,316 sales, Ampere EV has secured the third position in the sales list. The company recently unveiled its flagship scooter, Primus. Moreover, Ampere has partnered with Royal Challengers Bangalore to become their official EV partner for the upcoming season of IPL. As part of this collaboration, Ampere has launched a limited edition RCB themed Primus electric scooter.

Ather has also maintained its consistent performance in the electric scooter market. In April 2023, the company delivered 7,737 electric scooters, securing the fourth position on the sales list. In April, Ather announced a significant reduction in the price of its 450X model. The electric scooter is now available for ₹1,45,000 (ex-showroom, Bengaluru). This is a reduction of ₹15,000 from its previous price of ₹1,60,000.

450X is also available at ₹1,14,636 (ex-showroom, Bengaluru) but without the Pro pack. This means that it will not have features such as fast charging, ride modes, TFT touchscreen, tyre pressure monitor, Google Maps, Hill assist, park assist, and a five-year battery warranty. Instead of a colour screen, they will receive a 7-inch greyscale display.

Sales of Hero Electric and Okinawa are declining consistently. The companies managed to sell 3,329 and 3,216 electric scooters respectively in April 2023.

April 2023 Electric two wheeler sales list:

  • OLA ELECTRIC TECHNOLOGIES PVT LTD – 21,845
  • TVS MOTOR COMPANY LTD - 8,727
  • AMPERE VEHICLES PRIVATE LIMITED - 8,316
  • ATHER ENERGY PVT LTD - 7,737
  • BAJAJ AUTO LTD - 3,638
  • HERO ELECTRIC VEHICLES PVT. LTD - 3,329
  • OKINAWA AUTOTECH PVT LTD - 3,216
  • OKAYA EV PVT LTD - 1,562
  • KINETIC GREEN ENERGY & POWER SOLUTIONS LTD - 848
  • BGAUSS AUTO PRIVATE LIMITED - 770
  • BATTRE ELECTRIC MOBLITY PVT LTD - 651
  • GREAVES ELECTRIC MOBILITY PVT LTD - 551
  • REVOLT INTELLICORP PVT LTD - 522
  • PUR ENERGY PVT LTD - 503
  • CHETAK TECHNOLOGY LIMITED - 370
  • KLB KOMAKI PVT LTD - 344
  • BEING INDIA ENERGY AND TECHNOLOGY PVT LTD - 339
  • TWENTY TWO MOTORS PVT LTD - 323
  • LECTRIX EV PVT LTD - 320
  • WARDWIZARD INNOVATIONS & MOBILITY LIMITED - 294
  • JITENDRA NEW EV-TECH PVT. LTD - 264
  • GOREEN E-MOBILITY PVT LTD - 247
  • IVOOMI INNOVATION PVT LTD - 225
  • HERO MOTOCORP LTD - 144
  • OTHERS - 1,325
  • TOTAL - 66,410
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