The overall demand for Electric Two Wheelers in India is rising sharply upward.
In October, 1,14,001 EVs were registered in India as a whole, spanning all market categories. This was up roughly 47% from August and up 22.8% from September.
In fact, from 49,103 units in January of this year, the overall number of EV registrations in the nation had more than doubled by September.
For the fifth straight month, the number of electric two-wheeler registrations increased in India, surpassing 70,000 for the first time in October. Two-wheeler electric vehicle (EV) registrations increased 42% month-over-month (MoM) to 75,294 units in October, according to data from the government portal Vahan Dashboard on 1st November.
52,975 two-wheeler electric vehicles were registered nationwide in September.
Ola Electric made the largest individual contribution to the number of new vehicles registered in October. The Bhavish Aggarwal-led EV maker achieved the greatest number of two-wheeler registrations for the second consecutive month after experiencing a major decline earlier this year.
In October, Ola Electric registered 16,129 e-scooters, a 63.3% increase from the 9,875 units registered in September of this year. The EV OEM also reported its greatest monthly registration total ever for the month, breaking the previous record of 12,707 units in April of this year.
After the business introduced a more cost-effective version of its Ola S1 Pro scooter in August, the demand for Ola Electric’s electric scooters considerably increased starting in September. Additionally, the business has stated that it will introduce the Ola S1 and S1 Pro scooters to Nepal.
Ola Electric announced in a statement that it sold 20,000 units the most during the celebratory month of October.
Ola Electric unveiled its third, more economical scooter, the Ola S1 Air, this month to grow its market share for two-wheeled electric vehicles.
Regarding two-wheeler EV registrations, Okinawa Autotech occupied the second spot for the second consecutive month in October. The overall number of vehicles registered by Okinawa Autotech in October was 14,121, up from 8,494 in September of this year. According to Vahan statistics, the company saw an increase in registrations of 66.2% MoM.
Okinawa Autotech claimed in a statement that it sold a record 17,531 electric scooters in October. Strong sales were reported for the month thanks to demand for its Praisepro, IPraise+, Okhi-90, Ridge+, LITE, R30, and Dual e-scooter models.
It is important to remember that the company earlier this year announced the recall of 3,215 Praisepro scooters after one of the types was engaged in a fire incident.
In October, Ampere Vehicles registered 9,878 two-wheeler EVs, up 52.8% month over month.
On the other hand, Hero Electric’s rise in vehicle registrations slowed down to 6.7% MoM after experiencing a boom in its EV demand in the previous month. 8,753 vehicles were registered in the country in October, up from 8,199 in September.
Compared to the registration of 10,600 units in August, this represented a 17% decrease.
Content Credit: INC42
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