EMotorad, a leading name in India’s electric mobility sector, has outpaced its entire FY24 sales in India within the first half of FY25, positioning itself for over 200% year-over-year growth in the domestic market. September 2024 proved to be a landmark month, delivering the highest single-month revenue in the company’s history and surpassing its total domestic sales for FY23.
Aggressive Expansion and Dealer Network Boost Sales
The company’s recent success can be attributed to a robust expansion strategy, with EMotorad opening 12 new Exclusive Experience Stores across India, offering customers an immersive experience with their electric bikes. Additionally, the company has grown its network to over 550 dealers, enhancing its nationwide accessibility and offline presence.
Kunal Gupta, CEO and Co-Founder of EMotorad, expressed his excitement over the growth, stating, “Achieving our entire FY24 sales in just half of FY25 is a testament to our team’s commitment and strong market presence. Our record-breaking sales in September showcase the increasing demand for electric cycles across India. With our expanding dealer network and customer-focused experience stores, we’re driving a movement toward sustainable mobility, not just selling products.”
Poised for 200%+ Growth in FY25
EMotorad remains optimistic about reaching a 200% year-over-year growth by the end of FY25 if current sales trends continue. This ambitious target is driven by rising demand for eco-friendly transport options and EMotorad’s ability to meet customer expectations. Founded in 2020, the brand now holds a ~75% share in India’s e-cycle market, with popular offerings like the X-factor and Desire ranges tailored for Indian terrains.
