Hero Electric has maintained its lead in two-wheeler electric vehicle sales in India during August 2022. The OEM sold 10,213 electric scooters in India during the month as against 8,786 it had sold in July 2022, representing a 16.24% MoM increase (Figures sourced from Vahan Portal).
Okinawa has also maintained its leadership in the top five electric scooter OEMs as the company sold 8,245 electric scooters in August 2022 in India against the 8,098 electric scooters it had sold in July 2022. The OEM grew by a marginal 1.82% MoM.
However, Hero Motocorp-backed Ather Energy stole the limelight of the electric two-wheeler market in India as it registered a 301.80% MoM increase in sales in August 2022 compared to the previous month. A total of 5,147 Ather electric scooters were registered in August 2022, as against 1,281 registered in July 2022.
Ola Electric saw another downfall MoM as it managed to register only 3,397 electric scooters in August 2022. The start-up registered 3,853 electric scooters in July 2022. This downfall represents an 11.83% MoM decline for Ola Electric.
Revolt, famous for introducing a mass electric motorcycle in India, also saw an MoM decline. The company, against 2,317 electric motorcycles in July 2022, was able to register only 1,620 in August 2022. This represents a 30.08% MoM downfall for Revolt.
Jitendra EV, Okaya, Pur Energy, and Being India also witnessed MoM downfall (See Data Chart). Notably, most of the electric two-wheeler OEMs registering downfall, including Ola, Jitendra, and Pur Energy, have seen at least one of their electric scooters catching fire in the past. On the other hand, Okinawa is the sole electric scooter manufacturer on the list to have registered growth despite its electric scooter catching fire.
Atul Chandel, Director, Autobei Consulting, had earlier told Mobility Outlook that 'EVs are a new product for a market like India and the fire incidents are damaging the initial image of the industry. These first impressions would take a long time to be erased from the minds of the end-consumer.'
Moreover, as scooter sales continue to grow in India, it is expected that the electric scooter space will increase its share in the overall segment.
'The current trends support the fact that electric scooter sales will break the roof with the multi-fold rise in sales,' Saurav Kumar, MD, Protiviti Member Firm For India, recently told Mobility Outlook. He said, 'The time isn't far when electric scooters will become a prominent presence.'