Electric Two-Wheeler Sales Up By A Massive 370% - Hero Electric Leads As Ola Closes In

Electric two-wheeler sales in India continue to skyrocket with year-over-year growth of 370 per cent. Hero Electric continues to lead the way but Ola's disruptive sales model seems to be working as it claimed second.

Published: Monday, April 11, 2022, 14:42 [IST]

Electric two-wheeler sales in India continue to skyrocket with year-over-year growth of 370 per cent. Hero Electric continues the way but Ola's disruptive sales model seems to be working as it claimed the second spot in terms of sales for the month of March.

Electric Two-Wheeler Sales Up A Massive 370%

In terms of year-over-year sales numbers for March, the electric two-wheeler market in India expanded exponentially by a massive 370 per cent compared to the same period last month. As per figures released by the Federation of Automobile Dealers Associations, 49,607 electric two-wheelers left dealerships across India last month compared to just 10,558 units in March 2021, an increase of 39,049 units.

Rank	OEM	Mar-22	Mar-21	Growth Y-oY (%)
1	Hero Electric	13,023	5,235	149
2	Ola Electric	9,127	-	-
3	Okinawa	8,284	1,530	441
4	Ampere	6,338	941	574
5	TVS Motor	2,267	267	749
6	Ather Energy	2,226	1,064	109
7	Pur Energy	2,066	679	204
8	Revolt	1,409	53	2558
9	Jitendra New EV	1,034	101	924
10	Being India Energy	1,013	156	549

In terms of month-over-month sales, the electric two-wheeler market in India expanded by 53 per cent in the month of March when compared to February 2022. Compared to February's sales figures of 32,455 units, electric two-wheeler marques across the country sold an extra 17,152 units in the month of March. This means that in the month of March, 1,600 electric two-wheelers were sold every day.

Leading the sales charts once again was Hero Electric. The Gurugram-based electric scooter manufacturer is the country's largest electric two-wheeler manufacturer.

Hero Electric sold 13,023 units in the month of March 2022, an increase of 149 per cent over the same period last year, when the company sold 5,235 two-wheelers. In terms of month-over-month growth, Hero Electric's sales rose by 77 per cent compared to Feb 22 when the company sold 7,360 units.

In second place was Ola Electric. The upstart electric two-wheeler manufacturer which did not exist last year sold 9,127 units of the S1 and S1 Pro electric scooters in March 2022. In terms of month-over-month growth, Ola grew by 134% compared to February 2022, when it sold 3,907 units.

In the third spot was Okinawa Autotech. The Gurugram-based electric scooter manufacturer launched the Okhi 90 high-speed scooter last month. Okinawa sold 8,284 units in March 2022, an increase of 441 per cent compared to the 1,530 units sold in the same month last year. Okinawa's sales grew by 40 per cent compared to February 2022 when it sold 5,925 e-scooters.

Taking the fourth spot is Ampere which sold 6,338 units in March. Ampere grew by 574 per cent year-over compared to March 2021 when it sold just 941 units. In terms of month-over-month sales growth, Ampere grew by 47 per cent compared to February 2022 when it sold 4,304 units.

In fifth place, was TVS which sold 2,267 units in March 2022. TVS registered a growth of 749 per cent year-over-year compared to March 2021, when it sold only 267 units. TVS also registered a 53 per cent month-over-month growth compared to 1,482 units sold last month.

Thoughts On Electric Two-Wheeler Sales In March

India's electric two-wheeler market is moving from strength to strength as the country starts returning to normal life. If India as a nation needs to transition to EVs, then the electric two-wheeler segment is one that really needs to be nurtured to bring electric vehicles into the consciousness of the general public. Hopefully for the sake of everyone, these numbers will continue to grow.