Pro Plus

Electric two-wheeler sales charge past 275,000 units in H1 FY2023, Ola Electric bounces back

Monthly retail sales cross 50,000 units for the second month in a row, April-September 2022 sales jump 404% YoY; Ola regains second spot from Hero Electric; Okinawa reigns supreme. . . for now.

By Ajit Dalvi

10 Jan 2023

5125 Views

Okinawa Autotech, which has a wide range of high- and low-speed e-scooters, clocked cumulative sales of 52,236 units in April-September 2022 to maintain its No. 1 position in H1 FY2023.

With sales of 9,649 units last month, Ola Electric is not only the best-selling OEM but has also taken the overall No. 2 position from Hero MotoCorp for H1 FY2023 with 44,801 units in April-September.

Hero Electric, which topped monthly sales for two months in a row in July (8,954 units) and August (10,481 units), slipped to third place in September (8,019 units) and also in H1 rankings.

Ampere Vehicles, with cumulative six-month sales of 37,829 units in April-September, has been registering a consistent performance and is averaging 6,304 units a month.

September saw Ather Energy notch its highest-ever monthly wholesales of 7,435 units and retails of 6,176 units. Six-month cumulative retails stack up at 22,380 units.

In H1 FY2023, TVS Motor Co sold a total of 18,347 iQubes, averaging 3,057 units a month.

The Bajaj Chetak has gone home to 12,263 owners in the first six months of FY2023. The company is gradually expanding its sales network to reach more customers.

India’s electric two-wheeler growth story is getting better, month on month. If overall retail sales crossed the 50,000-unit mark for the first time in a month to 50,506 units in August 2022, then September retails have done better with 51,784 units, up 2.53%, and a 16% improvement over July’s 44,614 units. Place this performance in perspective to year-ago numbers: April-September 2021 cumulative retails were 55,147 units, albeit in a pandemic-impacted time.

The good news about the segment doesn’t stop there. As per the e-two-wheeler retail numbers, revealed by Vinkesh Gulati, chairman of FADA India Research & Academy, cumulative ...

This is an Autocar Pro Plus article. Subscribe to continue reading.