The country’s general public has started accepting electric mobility as a viable option because every month the market penetration of electric vehicles is getting deeper and deeper. In the month of September, the total market share of electric two-wheelers stood at 5.1 percent as opposed to 4.7 percent of the month before it. And according to the VAHAN portal the total high-speed EV two-wheeler registrations peaked at 52,000 in September of this year with a humble 3 percent growth over August. Also to everyone’s surprise last month the Bengaluru-based electric mobility venture of ride-hailing app Ola Cabs, Ola Electric snatched the top spot from Hero Electric.
Following the launch of the new more affordable S1 e-scooter and the discount offered with it Ola Electric increased their sales from a rather meagre 3,421 units in August to 9,634 units in September. With the launch of the S1 and the existing S1 Pro, currently, the Bengaluru-based company has captured a total market share of 19 percent in the country.
Commenting on the achievement of this sales figure, the company in a recent statement said, “The sharp growth in sales can be attributed to Ola’s strategy of expanding its portfolio with the Ola S1. Launched in August this year, Ola S1 became one of the most popular scooters in its segment and Ola had sold more than 10,000 S1 scooters on the first day of opening the purchase window,”
Hero Electric, the previous sales topper, on the other hand, had a dramatic 23.46 percent month-over-month fall in sales, going from 10,476 units in August to 8,018 units last month. On the other hand, Okinawa, which had just 8,278 units registered in September as opposed to 8,554 in August, managed to surpass Hero Electric to claim the title of second-best-selling EV maker.
Despite posting its best-ever monthly sales of 6,164 units, Ather is still ranked sixth in terms of two-wheeler EV sales despite continually increasing sales. In terms of legacy manufacturers, the TVS iQube, which had a surge in sales in August after dispatching 4,418 units, experienced a little fall in registrations last month and could only achieve 3,931 registrations. Meanwhile, sales of the Bajaj Chetak increased, going from 2,687 units in August to 3,202 units in September.
Moving on to the sub-1000 units sales mark manufacturers like Revolt, Pure EV and Tork all saw a little decline in the sales of their high-speed electric two-wheelers. Their numbers for the month of September stood in at, 837, 751 and 48. However, Bounce with its latest swappable battery electric scooter Infinity saw a slight surge in sales with 629 units last month from the tally of 580 units in the month before it.
In other Ola Electric news, the company is looking to expand into the electric four-wheeler segment and recently On World EV day, Bhavish Aggarwal, CEO of Ola Electric shared a teaser video that shows a glimpse of their upcoming electric car. The video was shared by Bhavish on Twitter. The video shows a glimpse of behind the scene work on the Ola electric car which is all set to launch in 2024.
