Over 2.25 lakh electrical bikes, scooters offered from April to August 2022

Electrical bike and scooter gross sales in India are on a roll, and August 2022’s retail numbers, at 50,475 models, are the most effective but this fiscal. Whereas this can be a large 238 % year-on-year (YoY) enhance over the pandemic-impacted August 2021’s 14,913 models, it’s a extra life like 13 % month-on-month development over July 2022’s 44,595 models.

• Okinawa leads, with over 40,000 models offered to this point this fiscal

• Hero Electrical jumps to second sport, with 35,364 models offered until August

• Ola Electrical comes third, Ather Vitality fifth

Final month’s e-two-wheeler gross sales, as revealed by Vinkesh Gulati, chairman of FADA India Analysis & Academy, point out that numbers have crossed the 50,000-unit mark for the primary time and level to the way in which forward. Cumulative gross sales from April-August 2022 have gone previous the two,25,000 mark, ample proof that FY2023 shall be a record-setting yr for the electrical two-wheeler business.

A take a look at the info desk on the backside of this evaluation reveals that the highest 10 gamers account for two,06,443 models or 91 % of whole retail gross sales of two,25,986 models. There’s a hotly contested battle underway on the high, notably among the many high 4 gamers – Okinawa Autotech, Hero Electrical, Ola Electrical and Ampere Autos.

Hero Electrical jumps two ranks to be No. 2

The corporate with the utmost beneficial properties final month is Hero Electrical, which has topped month-to-month electrical two-wheeler gross sales for the second month in a row. After clocking 8,953 models in July 2022, the producer has bettered that rating with 10,482 models, its finest but this fiscal. This good market efficiency takes Hero Electrical’s cumulative gross sales to 35,364 models, serving to it soar two ranks from its No. 4 spot in July 2022 to No. 2 in August, and going forward of Ola Electrical (35,113 models) and Ampere Autos (31,630 models).

Hero Electrical, which is aggressively driving growth, at the moment has over 700 gross sales and repair retailers. The corporate can be very actively rising its EV charging community and has not too long ago tied up with Jio-bp to develop its battery swapping community, which can be open to different automobiles. Earlier this yr, it started the manufacturing and rollout of its Optima and NYX e-scooters from Mahindra’s plant in PithampurMadhya Pradesh.

Okinawa stays sturdy No. 1, Ampere scorching on Ola’s heels

Okinawa Autotech, which has a big portfolio of each high- and low-speed e-scooters, is effectively positioned within the lead, with 43,944 models, averaging month-to-month gross sales of 8,788 models this fiscal. The corporate, which is seeing sturdy demand for its iPraise+ and Reward Professional high-speed fashions, at the moment has a community of over 350 sellers and is specializing in development in Tier 2 and three cities, in addition to rural areas.

Third-placed Ola Electrical is scorching on the heels of Hero Electrical, having racked up 35,113 models this yr (simply 251 lower than Hero). Nonetheless, Ola has seen its gross sales decelerate significantly over the previous 4 months. From a excessive of 12,698 models in April 2022, August’s 3,435 models are the bottom month-to-month numbers within the ongoing fiscal, bringing Ola beneath risk from fourth-placed Ampere.

Ampere, with cumulative five-month gross sales of 31,630 models, has been registering a constant efficiency and is averaging 6,326 models a month. Final month, Ampere inked a partnership with Flipkart, India’s homegrown e-commerce market, to speed up gross sales of the Ampere Magnus EX electrical scooter. Within the pilot part, prospects throughout Bengaluru, Kolkata, Jaipur, and Pune will have the ability to entry the product and likewise avail of state-specific subsidies and advantages. After inserting an order on Flipkart, the shoppers shall be contacted by the native approved dealership for completion of RTO registration, insurance coverage, and supply of the scooter. All the course of, from the time of order to doorstep supply, shall be accomplished inside 15 days, says the corporate.

Bengaluru-based EV start-up Ather Vitality retailed 5,284 models final month, its finest efficiency this fiscal, and has a five-month tally of 16,166 models. Its wholesales, as per SIAM, had been 6,410 models for August, indicative of the corporate retaining its showrooms stocked for the festive season. One of many highlights final month was the rollout of Ather’s 50,000th 450X. Ather, which claims it’s the main EV producer within the state of Kerala with a 34 % market share, additionally inaugurated three new expertise facilities in Pune, Chennai and Ranchi.

TVS and Bajaj additionally plug into EV development story

As demand for electrical two-wheelers continues on its sturdy development trajectory in India, legacy producers Bajaj and TVS are additionally making strong beneficial properties with their electrical scooters. Apparently, each firms launched their merchandise – the Bajaj Chetak and TVS iQube – in the identical month: January 2020.

Proof of the rising market demand for TVS iQube and Bajaj Chetak is that their mixed wholesales until end-August 2022 have crossed the 50,000-unit mark. As per SIAM’s wholesale knowledge, whereas TVS with 31,342 models has the bigger share (59 %) of the pie, Bajaj has offered a complete of 21,589 models over the previous 32 months.

The true-world retail story isn’t any totally different. TVS has 14,363 models to its credit score within the April-August 2022 interval, whereas Bajaj has offered 9,651 models. Each firms are regularly increasing their retail community and buyer attain for his or her electrical scooters.