India’s electric two-wheeler market saw significant growth in December 2024, marking a shift toward sustainable transportation. Ola Electric, a subsidiary of Ola Cabs, led the market with a 22.77% market share, selling 3,995 units. This shows how the company is playing a major role in promoting electric vehicles (EVs) in the country. Ola Electric’s success is part of a growing trend where people are becoming more concerned about environmental issues and the rising costs of fuel.
Despite the overall growth, the sales of electric two-wheelers in December 2024 declined compared to November 2024. This decline was due to factors like seasonal buying habits, more competition in the market, and supply chain challenges that impacted production schedules. However, even with this drop, the electric two-wheeler market in India remains strong.
Ather Energy, another key player in the market, secured 16.38% of the market share by selling 2,874 units. This is a sign of the company’s commitment to making electric mobility more popular. Greaves Electric Mobility followed closely behind, capturing a 15.92% market share with 2,793 units sold. Together, these top three companies – Ola Electric, Ather Energy, and Greaves Electric Mobility – sold a total of 9,662 units in December 2024, making up about 55.07% of the market. This highlights the rapid adoption of electric two-wheelers in the country.
In total, approximately 17,545 electric two-wheelers were sold in December, a sign that more consumers are choosing EVs as a cleaner and more cost-effective alternative to traditional gasoline-powered vehicles. The lower operating costs of electric two-wheelers, particularly in light of rising fuel prices, make them a popular choice for daily commuting.
Other manufacturers like Pur Energy, BGauss Auto, Wardwizard Innovations & Mobility, TVS Motor Company, Hero Motocorp, and Bajaj Auto have also contributed to the growing market. For instance, Wardwizard Innovations & Mobility sold 784 units, showing the company’s role in providing more electric mobility options to consumers.
Smaller players such as KLB Komaki, Quantum Energy, and OKAYA EV are also making strides in the electric two-wheeler sector. These companies are helping to lay a strong foundation for the future of electric transportation in India by focusing on innovation and sustainability.
Looking ahead, the future of India’s electric vehicle market looks bright. With technological advancements, government support, and increasing consumer awareness, electric two-wheelers are set to become more common. This shift not only helps reduce carbon emissions but also places India in a leading position in the global move towards electric mobility.
The increase in electric two-wheeler sales in December 2024 is an important milestone in the country’s push for sustainable transportation. Key players like Ola Electric, Ather Energy, and Greaves Electric Mobility, along with other innovative companies, are driving this change. This progress suggests a cleaner and greener future for the automotive industry in India.
