For the first in the Indian electric vehicle industry, sale of high speed electric two-wheelers, which are comparable with mainstream ICE scooters in terms of performance, crossed one lakh units in the first 11 months of 2021.
The Central government's thrust on electric vehicles, high fuel prices and supportive state policies have fuelled this spurt in e2W sales.
According to the Vahan portal, about 116,669 e2Ws were registered between January and November, 2021. Vahan records sale of EVs registered across 1,376 RTOs in 33 states and union territories.
Of the total 116,669 units sold in November 2021, 67.17% were cornered by the top three electric two-wheeler manufacturers, namely Hero Electric, Okinawa Autotech and Ather Energy.
Hero Electric topped the chart with 40,318 units in the Jan-Nov 2021 period with 34.56% market share, while Okinawa Autotech sold 23,889 units in the same period with 20.48%. Hero MotoCorp-backed Ather Energy sold 14,152 units in the same period.
Pure EV with 9,363 units and Ampere with 9,155 units completed the top five EV makers’ list.
It is noteworthy that TVS Motor and Bajaj Auto stood at the 6th and 8th positions, respectively. TVS sold a total of 4,068 units in the Jan-Nov period last year, while Bajaj Auto sold 3,841 units in the same period.
Industry experts believe that e2Ws would become the mainstream mode of transportation in the years to come. As customers look for cheaper mobility, high fuel price and taxation have made owning and operating petrol-run two-wheelers an expensive proposition for many consumers. In such a situation, a shift to EVs become highly probable.