The Indian automotive market is the world’s fourth-largest automobile market, however in the case of electrical automobiles, the nation continues to be miles away from being the EV hub. But in the case of the electrical two-wheeler market, because of a number of components corresponding to central and state authorities subsidies, rising gas costs, a plethora of choices to select from, and most significantly the utilization sample make it a lovely possibility over its IC-counterpart.
For the month of April, the general electrical car (two-, four- and passenger car) gross sales crossed the 50,000-units gross sales milestone. A complete of 51,501 items had been bought within the nation, with the two-wheeler section accounting for nearly 95 p.c of the gross sales.
Looking at segment-wise gross sales within the high-speed electrical two-wheeler class, Ola Electric claimed the management place with gross sales of 12,698 items, adopted by Okinawa Autotech at 11,010 items. Hero Electric, which is affected by semiconductor scarcity slipped two locations on the quantity 3 rank with gross sales of 6,576 items.
At fourth place Ampere Vehicles, a wholly-owned subsidiary of Greaves Cotton reported gross sales of 6,539 items, whereas Ather Energy got here fifth with gross sales of two,447 items.
The general gross sales of electrical two-wheeler had been 49,166 items, in comparison with 5,132 items a yr in the past, and 49,642 items within the earlier month.
Company | April ’22 | April ’21 | Change (YoY) | March ’22 | Change (MoM) |
Ola Electric | 12,698 | 0 | NA | 9,140 | 39% |
Okinawa Autotech | 11,010 | 1,193 | 823% | 8,284 | 33% |
Hero Electric | 6,576 | 643 | 923% | 13,029 | -50% |
Ampere Vehicles | 6,539 | 751 | 771% | 6,341 | 3% |
Ather Energy | 2,447 | 903 | 171% | 2,234 | 10% |
Pure Energy | 1,756 | 581 | 202% | 2,066 | -15% |
TVS Motor Co | 1,417 | 302 | 369% | 2,269 | -38% |
Revolt Intellicorp | 1,239 | 138 | 798% | 1,410 | -12% |
Bajaj Auto | 1,121 | 47 | 2285% | 827 | 36% |
Jitendra New EV-Tech | 915 | 36 | 2442% | 1,034 | -12% |
Benling India | 820 | 171 | 380% | 1,013 | -19% |
Lectrix EV | 659 | 0 | NA | 41 | 1507% |
Goreen E-Mobility | 548 | 82 | 568% | 598 | -8% |
MEW Electricals | 441 | 94 | 369% | 489 | -10% |
KLB Komaki | 349 | 70 | 399% | 324 | 8% |
RGM Business Plus | 165 | 0 | NA | 139 | 19% |
Elthor Energy | 114 | 25 | 356% | 98 | 16% |
Others | 352 | 96 | 267% | 306 | 15% |
Total | 49,166 | 5,132 | 858% | 49,642 | -1% |
Source: www.financialexpress.com”