Sell ​​Electric Two Wheelers FY 2022 – Hero, Ola, Ather, TVS, Bajaj

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Electric two-wheeler sales in India have risen significantly over the past year, with Hero Electric continuing to lead the way

Ather electric scooter
Ather electric scooter

Electric two-wheeler sales in India increased significantly in FY 2022 with 2,31,338 units sold. New electric startups continue to enter the segment and recent news of several electric scooter fire incidents has not adversely affected sales, which are expected to grow exponentially in the coming months.

Total FY 2022 sales, which were 2,31,338 units, were a significant growth of 460 percent from 41,046 units sold in FY 2021. The frontrunner was Hero Electric, which sells models such as the Photon HX, Optima HX, NYX HX and Flash LX. Hero Electric sales, which were 14,771 units in FY 21, rose to 65,303 units in FY 22. However, its market share declined from 35.99 percent in FY 2021 to 28.23 percent in the FY 2022 period.

Sell ​​electric two-wheelers FY 2022

Electric two-wheeler manufacturer Okinawa Autotech ended FY 2022 as the second largest manufacturer in the segment. Sales increased from 6,972 units in FY 2021 to 46,447 units in FY 2022. Market share increased from 16.99 percent in FY 2021 to 20.08 percent in FY 2022. Okinawa sells 6 models in this space, including i-Praise, Praise , Ridge+, R30, Lite and Dual. The bikes are all priced between Rs 59,000-Rs 1,09,000.

Ampere, Ather and PUR Energy followed in quick succession, each with significant growth. Ampere sales rose from 5,903 units sold in FY 2021 to 24,648 units in FY 2022. The company’s 5 electric scooters – Rio, Rio Elite, Magnus EX, Magnus Pro and Zeal continued to find demand with buyers in the country.

Sale electric two-wheelers FY 2022 - FADA
Sell ​​electric two-wheelers FY 2022 – FADA

Ather Energy’s sales also increased significantly year-over-year to 19,971 units in FY 2022, up from 4,401 units sold in FY 2021. Ather Energy recently marked its entry into Northeast India with the opening of its first retail outlet in Guwahati, Assam. This is Ather Energy’s 31st Experience Center in India. Ather 450 Plus and the Ather 450X are priced at Rs 1.31 lakh and Rs 1.50 lakh respectively.

5 on the list of best-selling electric two-wheeler OEMs in India, PUR Energy saw its sales increase from 2,079 units in FY 2021 to 14,862 units in FY 2022. Its market share increased accordingly from 5.07 percent to 6.42 percent.

Ola, TVS, Rebellion, Bajaj

Ola Electric, TVS and Revolt came next on the list with Ola sales of 14,371 units in FY 2022. TVS sales increased from 837 units in FY 2021 to 9,458 units in the past fiscal year, while market share doubled from 2.04 percent to 4.09 percent. Revolt sales increased to 7,623 units in FY 2022, from 1,793 units sold in FY 2021.

Electric Two Wheeler OEM FY’22 Market share(%),
FY’22
FY’21 Market Share (%), FY’21
HELD ELECTRIC VEHICLES PVT. LTD 65,303 28.23% 14,771 35.99%
OKINAWA AUTOTECH PVT LTD 46,447 20.08% 6.972 16.99%
AMPRE VEHICLES PRIVATE LIMITED 24,648 10.65% 5.903 14.38%
ATHER ENERGY PVT LTD 19,971 8.63% 4.401 10.72%
PUR ENERGY PVT LTD 14,862 6.42% 2.079 5.07%
OLA ELECTRICAL TECHNOLOGIES PVTLTD 14,371 6.21% 0.00%
TVS MOTOR COMPANY LTD 9.458 4.09% 837 2.04%
REVOLT INTELLICORP PVT LTD 7.623 3.30% 1,793 4.37%
BENLING INDIA ENERGY AND TECHNOLOGY PVT LTD 7,084 3.06% 1,108 2.70%
BAJAJ AUTO LTD 7.012 3.03% 1,470 3.58%
JITENDRA NEW EV-TECH PVT. LTD 3.788 1.64% 619 1.51%
MEW ELECTRICALS LIMITED 2760 1.19% 327 0.80%
GOREEN E-MOBILITY PVT LTD 2,741 1.18% 227 0.55%
KLB KOMAKI PVT LTD 1,882 0.81% 38 0.09%
RGM BUSINESS PLUS PVT LTD 791 0.34% 0.00%
ELTHOR ENERGY PRIVATE LIMITED 525 0.23% 57 0.14%
ECO FUEL SYSTEMS (I) PVT LTD 439 0.19% 48 0.12%
BOOMA INNOVATIVE TRANSPORT SULUTIONSPVT LTD 241 0.10% 0.00%
CHANDANA CORPORATION 233 0.10% 0.00%
others 1,159 0.50% 396 0.96%
Total 2.31.338 100.00% 41.046 100.00%

Electric two-wheeler sales in Benling India were 7,084 units in FY 2022, up from 1,108 units sold in FY 2021, while Bajaj Auto sales rose to 7,012 units from 1,470 units in FY 2021. The Bajaj Chetak electric scooter costs Rs 1,19,684 – ex-showroom P={une. It claims a top speed of 70 km/h and a range of 95 km (in Eco mode).

Lower in order was Jitendra EV-Tech with 3,788 units sold in FY 2022, MEW Electricals (2,760 units) and Goreen e-Mobility (2,741 units). This segment also had KLB Komaki (1,882 units), RGM (791 units) and Elthor Energy (525 units), while there were others with 1,159 units sold in FY 2022. Each of these electric two-wheeler manufacturers reported excellent growth in FY 2021.