E2W Sales Grow For Ola, Okinawa, Ather, TVS, During Diwali

Mukul Yudhveer Singh
01 Nov 2022
05:44 PM
1 Min Read

The top four electric scooter OEMs grew by over 40% MoM during the festive season

Glimpse of Ola Electric Showroom (Source - Twitter)

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. 

Electric Scooter Sales Diwali 2022
Electric Scooter Sales Diwali 2022

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.

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