Electric two-wheelers brands have reportedly witnessed a year-on-year growth of 938 per cent in June 2022. At the same time, on a month-on-month basis, the sales of electric scooters and motorcycles have increased by about 7 percent. Talking about month-to-month, Ampere and Hero Electric were seen at the top of the list of top brands. At the same time, there has been a tremendous decline in the sales of Ola, Okinawa and Pure EV.
Rushlane’s accordingAs compared to 4,073 electric two-wheelers in 2021, 42,260 units were sold in India in 2022, which is 38,187 units more, i.e. an increase of about 938 percent. At the same time, talking about the top 10 brands, Okinawa sold 959 units in June 2021, while the company sold 6,981 units in June 2022, which is a year-on-year (YoY) increase of 628 percent. At the same time, in terms of month-on-month (MoM), the company sold 9,305 electric scooters in May 2022, while 6,981 units were sold in June 2022, which is a decline of 25 percent.
Talking about Ampere, the company sold 268 units in June 2021, while 6,540 units were sold in June 2022. This is an increase of YoY 2340 percent. The company had sold 5,836 units in May 2022, which is a MoM increase of 12 per cent.
Hero Electric stood at number 3 position in June 2022 with 6,503 electric two-wheelers sold. This is 442 percent more than the 1,200 units sold in June 2021. Talking about the month-on-month, in May 2022, the company sold 2,851 units, which is 128 percent more.
June proved to be a bad month for Ola Electric. The brand ranks fourth as it has registered a decline of 36 per cent month-on-month. In May 2022, the company sold 9,255 electric scooters, but in June 2022, the company could sell only 5,883 e-scooters.
Ather Energy sold 319 units in June 2021, while in June 2022 the company sold 1,096 percent more, i.e. 3,816 electric scooters. At the same time, in month-on-month also, the company has sold 14 percent more electric scooters.
Revolt Intellicorp tops in terms of YoY growth. The company sold 59 units in June 2021, but in June 2022, the company sold 2,423 electric motorcycles, which is a growth of 4007 percent. At the same time, the company’s MoM sales growth was 53 percent higher.
On the other hand, if we talk about TVS Motor and Bajaj Auto, TVS did 204 percent better business YoY and saw 339 percent growth in MoM. At the same time, Bajaj Auto registered YoY growth of 920 percent and MoM growth of 4 percent.