February 2023 Electric two wheeler sale EV – Overview
As we move further into the future, the demand for electric vehicles continues to rise. This is particularly true for the two-wheeler segment, where electric vehicles have become increasingly popular due to their lower operating costs, environmental benefits, and ease of use in urban areas. In February 2023, the electric two-wheeler market saw some interesting developments, with Ola, TVS, and Ather emerging as the top players. The demand for electric two-wheelers has been steadily increasing in the country due to rising fuel prices, environmental concerns, and the government’s push for electric mobility.
Electric Vehicle Brands on Sale
Several players in the electric vehicle market did well in the market, we enlist them one by one covering the best on the top and then the next:
Ola Electric S1 Pro EV
Ola Electric was one of the major players in the electric two-wheeler market in February 2023. The company had launched its first electric scooter, the Ola S1, in late 2022, and the vehicle had received a tremendous response from customers. In February 2023, Ola Electric continued to dominate the market with its S1 and S1 Pro models. The company had announced that it had received over 1 lakh bookings for the two models combined, and was ramping up production to meet the high demand. Ola Electric had also announced that it had plans to launch new models in the future, which would further strengthen its position in the market.
TVS Motors, one of the leading two-wheeler manufacturers in India, had also entered the electric two-wheeler market with its iQube electric scooter. The vehicle had been launched in early 2022, and had received a positive response from customers. In February 2023, TVS Motors continued to perform well in the market with its iQube model. The company had announced that it had sold over 10,000 units of the vehicle since its launch, and was planning to expand its distribution network to reach more customers. TVS Motors had also hinted at the launch of new electric two-wheeler models in the near future, which would further strengthen its position in the market.
Ather Energy 450X sale
Ather Energy, a Bangalore-based electric vehicle startup, had also been making waves in the electric two-wheeler market with its Ather 450X electric scooter. The vehicle had been launched in early 2020, and had received critical acclaim for its performance and features. In February 2023, Ather Energy continued to show consistent results with its Ather 450X model. The company had announced that it had sold over 15,000 units of the vehicle since its launch, and was planning to expand its distribution network to reach more customers. Ather Energy had also announced that it was working on new electric two-wheeler models, which would be launched in the recent months. The company has been expanding its operations to new cities across India and has plans to launch new electric two-wheelers in the near future.
Why the ev surge in Feb 2023?
The surge in sales of electric two-wheelers in February 2023 can be attributed to several factors. Firstly, rising fuel prices have made electric two-wheelers a more cost-effective option for daily commuting. With petrol and diesel prices touching new highs, many customers are opting for electric two-wheelers as a more affordable and sustainable alternative. Secondly, the government’s push for electric mobility has led to several incentives and subsidies for customers purchasing electric vehicles. This has made electric two-wheelers more accessible to a wider range of customers, especially in the lower-income segments. Finally, the increasing awareness about environmental concerns and the need for sustainable transportation has also played a significant role in boosting the demand for electric two-wheelers in the country.
February 2023 Electric two wheeler sales list:
- OLA ELECTRIC TECHNOLOGIES PVT LTD – 17,616
- TVS MOTOR COMPANY LTD – 12,568
- ATHER ENERGY PVT LTD – 9,959
- HERO ELECTRIC VEHICLES PVT. LTD – 5,855
- AMPERE VEHICLES PRIVATE LIMITED – 5,835
- OKINAWA AUTOTECH PVT LTD – 3,840
- CHETAK TECHNOLOGY LIMITED – 1,305
- OKAYA EV PVT LTD – 1,231
- BAJAJ AUTO LTD – 1,212
- KINETIC GREEN ENERGY & POWER SOLUTIONS LTD – 815
- BGAUSS AUTO PRIVATE LIMITED – 667
- PUR ENERGY PVT LTD – 488
- TWENTY TWO MOTORS PVT LTD(BOUNCE INFINITY) – 414
- BEING INDIA ENERGY AND TECHNOLOGY PVT LTD – 337
- GOREEN E-MOBILITY PVT LTD(GEMOPAI) – 337
- KLB KOMAKI PVT LTD – 334
- JITENDRA NEW EV-TECH PVT. LTD – 308
- HERO MOTOCORP LTD(VIDA) – 299
- WARDWIZARD INNOVATIONS & MOBILITY LIMITED (JOY E-BIKE) – 215
- LECTRIX EV PVT LTD – 201
- IVOOMI INNOVATION PVT LTD – 141
- BATTRE ELECTRIC MOBILITY PVT LTD – 129
- OTHERS – 1,387
- TOTAL – 65,623
The consistent sales performance of Ola Electric, TVS, and Ather Energy in February 2023 is a testament to the growing demand for electric mobility in India. These companies have been at the forefront of the electric vehicle revolution in the country and have been investing heavily in developing new products and building a robust charging infrastructure. With the government’s push for electric mobility and the increasing awareness among customers about the benefits of electric vehicles, the future looks bright for the Indian electric two-wheeler market.