Pro Plus

TVS iQube and Bajaj Chetak ride surging wave of EV demand in April-August 2022

TVS iQube with 19,446 units and Bajaj Chetak with 11,815 units in the first five months of FY2023 race past their cumulative sales in the first 27 months (January 2020-March 2022) since launch.

By Ajit Dalvi

04 Sep 2022

22526 Views

TVS iQube with 19,446 units and Bajaj Chetak with 11,815 units in the first five months of FY2023 race past their cumulative sales in the first 27 months (January 2020-March 2022) since launch.

As demand for electric two-wheelers maintains a strong growth trajectory in India, ICE two-wheeler and electric scooter rivals Bajaj Auto and TVS Motor Co are also making robust gains with their electric scooters. Interestingly, both companies launched their products – the Bajaj Chetak and TVS iQube – in the same month: January 2020.

Proof of the rising market demand for TVS iQube and Bajaj Chetak is that their combined sales till end-August 2022 have crossed the 50,000-unit mark. While TVS Motor Co with 31,342 units has the larger share – 59% – of the pie, Bajaj has sold a ...

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