Look At 2022’s Rapid Growth Of The Electric 2W Industry In India

The electric vehicle sector has experienced a rapid expansion in 2022, with the majority of vehicles purchased being electric 2-wheelers. In 2022, India saw a total of 10,06,798 electric vehicles sold, out of which 6,27,732 were electric 2-wheelers.

Let’s once look at the 2022 electric 2-wheeler sales data in India. The given data is taken from Vahan Dashboard which is the official portal of the Indian government.

Total Electric 2 Wheeler Sale In India In 2023

Top Electric 2 Wheeler Sellers of 2023

In 2022, a total of 6,27,732 electric 2-wheelers were sold in India. In January, 29,787 units were sold, which is about 4.7% of the total sales for the year. In October, 77,056 units were sold, which is about 12.3% of the total sales for the year. In November, 76,635 units were sold, which is about 12.2% of the total sales for the year. In December, 64,487 units were sold, which is about 10.3% of the total sales for the year.

More than one-third of electric 2W were sold in the last 3 months of the year, a total of 218,178 Units or 34.7% of the total.

In the middle of the year, there was a decrease in sales, this was due to the increasing fire cases in the electric scooters. But after some time everything went well and the sale of electric scooters started increasing again.

The festival season gave a boost to the industry and this October saw the highest number of electric 2-wheeler purchases. The boost continues till November with 76,635 units and also December with 64,487.

Top Electric 2 Wheeler Sellers of 2023

These are the top 9 electric two-wheeler sellers of 2022, where Ola ranks first with 109,303 units, Okinawa second with 101,687, Hero Electric third, and Ampere and Ather fourth and fifth.

Top Electric 2 Wheeler Sellers of 2023

Hero Electric was the top electric 2W seller at the beginning of the year but at the end of 2022, Hero Electric is at the third position and Ola at the first position.

Ola Electric Month Wise Sales Report of 2023

The Top Electric 2 Wheeler Company of 2022 was Ola Electric. Which sold 1,09,303 electric scooters in the very first year of launch, Ola Electric is India’s top electric scooter manufacturer of 2022.

Ola Electric Month Wise Sale Report Of 2022
Ola Electric Month Wise Sale Report Of 2022

Ola Electric started the year with 1106 units in January 2022 and showed rapid growth in sales but also saw a sharp decline due to fire incidents. But in some time the sales started increasing again and in the last three months of the year, the company has made maximum sales. If we compare the sales of January 2022 and December 2022, then there has been a growth of more than 1466%.

Okinawa Month Wise Sales Report of 2023

Okinawa was the second largest electric 2W seller in India last year with total sales of 101,687 in 2022 after Ola Electric. Okinawa has a range of electric scooters in the budget segment making it the second-largest electric scooter seller in India

Okinawa Month Wise Sales Repor Of 2022
Okinawa Month Wise Sales Repor Of 2022

Hero Electric Month Wise Sales Report of 2023

As is said before Hero electric was the top electric scooter maker at the beginning of the year and when Ola electric hit the market, Ola electric takes the first position and Hero Electric is at third position.

Hero Electric sold a total of 97,819 electric scooters in 2022 and ended the year with 8,096 units in December. In 2022, the company has seen many ups and downs but still, the company has maintained its good position.

Ampere Month Wise Sales Report of 2023

In 2022, Ampere has also done well in the electric scooter market, starting the year with 4220 electric scooters per month and sold a total of 79,862 electric scooters in the whole year.

There is constant growth in the company’s sales, but we can see a decline in December, only 4410 electric scooters were sold in December.

Ather Month Wise Sales Report of 2023

Ather Energy is the only company which is showing continuous growth in sales figures. The only drop in sales is at the same time that Ola experienced a drop in sales, mostly due to the increasing incidents of electric scooters catching fire.

Ather Energy 2022 month-wise Sales report
Ather Energy 2022 month-wise Sales figures.

Ather started the year with 1,881 units in the first month and ended with 7,679 units in December. Ather Energy’s total sales in 2022 were 51,785 units. After Ola Electric only Ather has good products but they are a little expensive so Ather Energy is at 5th position. If Ather launches a budget electric scooter, it could easily come in first or second.

TVS Motors, Bajaj, Pur Energy & Revolt Month Wise Sales Report of 2023

Some other sellers also showed good performance in 2022, here are the sales figures of TVS Motors, Bajaj Auto, Pur Energy, and Revolt:

TVS Motors 2022 Month Wise Sales Figures

The figures are good we can see the growth in sales.

TVS Motors 2022 Month-wise sales figures
TVS Motors 2022 Month-wise sales figures

Bajaj Motors 2022 Month Wise Sales Figures

Bajaj Motor is also doing good in the electric 2W market, their scooter is expensive but still company doing well in their segment.

Bajaj Motors 2022 Month Wise Sales Figures
Bajaj Motors 2022 Month Wise Sales Figures

Pur Energy 2022 Month Wise Sales Figures

A continuous decline in sales can be clearly seen. Recently the company has also unveiled a new electric scooter, let’s see what happens next.

Pur Energy 2022 Month Wise Sales Figures
Pur Energy 2022 Month Wise Sales Figures

Revolt 2022 Month Wise Sales Figures

I don’t need to explain, the below figures tell everything, that the company is not doing well in the market. Recently Rattanindia Enterprises acquired Revolt Motors, this acquisition could be a game changer.

EVYATRI TALKS

The electric 2-wheeler market in India is performing very well with many startups and big manufacturers also launching their electric scooters. Apart from this, many international companies are also launching their electric vehicles in India. In the coming time, the price of electric vehicles will be less, due to which this growth is going to increase even faster.

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