In September 2024, India witnessed a significant rise in electric two-wheeler sales, signaling a major shift in the automotive industry. Ola Electric, a subsidiary of Ola Cabs, led the market with a 28.62% share, selling 10,299 units. This achievement highlights Ola Electric’s key role in promoting sustainable transportation, especially as concerns over environmental issues and fuel costs grow.
Ather Energy also made an impressive impact, securing a 12.86% market share by selling 4,627 units. This reflects the company’s strong commitment to electric mobility. Hero Motocorp followed closely with an 11.97% share, selling 4,308 units, according to data from the Vahan Portal. Together, these top three companies accounted for a significant portion of 19,234 electric two-wheelers sold in September with a market share of around 53.45%, underscoring the rapid adoption of electric vehicles (EVs) in India. In total, around 35,984 electric two-wheelers were sold throughout the month.
The surge in electric two-wheeler sales is driven by growing awareness of environmental sustainability. Many consumers are now choosing electric vehicles as a cleaner alternative to traditional gasoline-powered vehicles. Additionally, the lower operating costs of electric two-wheelers, especially with rising fuel prices, make them an attractive option for daily commuting.
Other manufacturers, such as TVS Motor Company, Bajaj Auto, Greaves Electric Mobility, BGauss Auto, and Revolt Intellicorp, have also contributed to the growth of the market. For example, Wardwizard Innovations & Mobility sold 645 units, demonstrating its role in expanding the availability of electric mobility options.
Companies like Kinetic Green Energy & Power Solutions, KLB Komaki, Quantum Energy, and OKAYA EV are also making significant progress in the electric two-wheeler sector. Their focus on innovation and sustainability is helping to build a strong foundation for the future of electric transportation in India.
Looking ahead, the outlook for India’s electric vehicle market is promising. With ongoing advancements in technology, supportive government policies, and increasing consumer awareness, electric two-wheelers are poised to become a mainstream mode of transportation. This shift not only contributes to global efforts to reduce carbon emissions but also positions India as a leader in the global transition to electric mobility.
In summary, the rise in electric two-wheeler sales in September 2024 marks a decisive move toward sustainable transportation in India. Major players like Ola Electric, Ather Energy, and Hero Motocorp are driving this change, supported by a network of innovative companies. This progress points toward a cleaner, greener future for the automotive industry in India.
