The electric two-wheeler (e2W) industry has had a blast as sales for established OEMs and start-ups grew during October, the Diwali month.
Ola Electric registered more than 16,129 electric scooters during the month, which helped it post 63.33% Month-on-Month (MoM) growth against 9,875 units it had registered in September 2022.
Bhavesh Aggarwal, in a tweet, mentioned that Ola Electric has now become the only Indian OEM to have sold these many electric scooters in a month.
Okinawa also joined the big Diwali bash as it registered 14,121 electric scooters in October, with 66.25% MoM growth. Ampere by Greaves became the third best-selling e2W maker as it posted 52.79% MoM growth by registering 9,878 units during the same month.
Hero Electric also grew by selling 8,753 units in October, but this growth only translated to 6.76% MoM as the OEM had registered 8,199 units in the previous month. On the other hand, Hero MotoCorp-backed Ather Energy registered 7,276 units posting a growth of 15.93% MoM. Notably, the start-up delivered 250 electric scooters in Bangalore in one day around Diwali.
Established OEMs TVS Motor and Bajaj Auto grew 43.97% and 31.17%, MoM, respectively. TVS Motor could register 5,740 units, while Bajaj Auto registered 3,413 units in October.