Electric Two Wheeler Sales FY 2022 – Hero, Ola, Ather, TVS, Bajaj

Sales of electric two wheelers in India rose significantly of the past year with Hero Electric continuing to lead the way

electric two wheeler sales fy 2022 – hero, ola, ather, tvs, bajaj

Ather Electric Scooter

Electric two wheeler sales in India noted a significant rise in FY 2022 with 2,31,338 units sold. New electric startups continue to enter the segment and the recent news of several fire incidents involving electric scooters has had no adverse impact on sales, which is expected to grow exponentially in the months ahead.

Total sales in FY 2022 which stood at 2,31,338 units was a significant 460 percent growth over 41,046 units sold in FY 2021. Leading the pack was Hero Electric, which sells models such as the Photon HX, Optima HX, NYX HX and Flash LX. Hero Electric sales which stood at 14,771 units in FY 21 increased to 65,303 units in FY 22. However, market share dipped from 35.99 percent held in FY 2021 to 28.23 percent in the FY 2022 period.

Electric Two Wheeler Sales FY 2022

Electric two wheeler maker, Okinawa Autotech finished FY 2022 as the second largest manufacturer in the segment. Sales increased from 6,972 units in FY 2021 to 46,447 units in FY 2022. Market share increased from 16.99 percent in FY 2021 to 20.08 percent in FY 2022. Okinawa sells 6 models in this space that include the likes of i-Praise, Praise, Ridge +, R30, Lite and Dual. The bikes are all priced between Rs 59,000-Rs 1,09,000.

Ampere, Ather and PUR Energy followed in quick succession, each posting significant growth. Ampere sales increased from 5,903 units sold in FY 2021 to 24,648 units in FY 2022. The company’s 5 electric scooters – Rio, Rio Elite, Magnus EX, Magnus Pro and Zeal continued to find demand among buyers in the country.

electric two wheeler sales fy 2022 – hero, ola, ather, tvs, bajaj

Electric Two Wheeler Sales FY 2022 – FADA

Ather Energy sales also surged significantly on a YoY basis to 19,971 units in FY 2022 over 4,401 units sold in FY 2021. Ather Energy recently marked its entry in North-East India with the opening of its first retail outlet in Guwahati, Assam. This is Ather Energy’s 31st Experience Centre in India. Ather 450 Plus and the Ather 450X are priced at Rs 1.31 lakh and Rs 1.50 lakh respectively.

PUR Energy at No. 5 on the list of best-selling electric two wheeler OEMs in India saw its sales increase from 2,079 units in FY 2021 to 14,862 units in FY 2022. Its market share also went up from 5.07 percent to 6.42 percent correspondingly.

Ola, TVS, Revolt, Bajaj

Ola Electric, TVS and Revolt came in next on the list with Ola sales at 14,371 units in FY 2022. TVS sales increased from 837 units in FY 2021 to 9,458 units in the past financial year while market share doubled from 2.04 percent to 4.09 percent. Revolt sales went up to 7,623 units in FY 2022 from 1,793 units sold in FY 2021.

Electric Two-Wheeler OEM FY’22 MarketShare(%),
FY’22
FY’21 Market Share(%),FY’21
HERO ELECTRIC VEHICLES PVT. LTD 65,303 28.23% 14,771 35.99%
OKINAWA AUTOTECH PVT LTD 46,447 20.08% 6,972 16.99%
AMPERE VEHICLES PRIVATELIMITED 24,648 10.65% 5,903 14.38%
ATHER ENERGY PVT LTD 19,971 8.63% 4,401 10.72%
PUR ENERGY PVT LTD 14,862 6.42% 2,079 5.07%
OLA ELECTRIC TECHNOLOGIES PVTLTD 14,371 6.21% 0.00%
TVS MOTOR COMPANY LTD 9,458 4.09% 837 2.04%
REVOLT INTELLICORP PVT LTD 7,623 3.30% 1,793 4.37%
BENLING INDIA ENERGY AND TECHNOLOGY PVT LTD 7,084 3.06% 1,108 2.70%
BAJAJ AUTO LTD 7,012 3.03% 1,470 3.58%
JITENDRA NEW EV-TECH PVT. LTD 3,788 1.64% 619 1.51%
MEW ELECTRICALS LIMITED 2,760 1.19% 327 0.80%
GOREEN E-MOBILITY PVT LTD 2,741 1.18% 227 0.55%
KLB KOMAKI PVT LTD 1,882 0.81% 38 0.09%
RGM BUSINESS PLUS PVT LTD 791 0.34% 0.00%
ELTHOR ENERGY PRIVATE LIMITED 525 0.23% 57 0.14%
ECO FUEL SYSTEMS (I) PVT LTD 439 0.19% 48 0.12%
BOOMA INNOVATIVE TRANSPORT SULUTIONSPVT LTD 241 0.10% 0.00%
CHANDANA CORPORATION 233 0.10% 0.00%
Others 1,159 0.50% 396 0.96%
Total 2,31,338 100.00% 41,046 100.00%

Benling India sales of electric two wheelers stood at 7,084 units in FY 2022, up from 1,108 units sold in FY 2021 while Bajaj Auto sales increased to 7,012 units from 1,470 units in FY 2021. The Bajaj Chetak electric scooter is priced at Rs 1,19,684 – ex-showroom P={une. It claims a top speed of 70km/h and a range of 95km (in Eco mode).

Lower down the order was Jitendra EV-Tech with 3,788 units sold in FY 2022, MEW Electricals (2,760 units) and Goreen e-Mobility (2,741 units). This segment also had KLB Komaki (1,882 units) RGM (791 units) and Elthor Energy (525 units) while there were others with 1,159 units sold in FY 2022. Each of these electric two wheeler makers reported outstanding growth over FY 2021.

News Related

OTHER NEWS

How to Install and Move Android Apps to the SD Card

Daniel Jedzura/Shutterstock.com Some Android phones don’t have a lot of storage, so you might run out of room for apps. If your device has an SD card slot, you can ... Read more »

Steam Deck Has Ruined Nintendo Directs For Me

I used to marvel at all the indie games I could finally play. Now I've already got access to them elsewhere for cheaper. Read more »

Sony Reveals New Line Of Gaming Headsets And Monitors For PS5 And PC

The Inzone line of gaming headsets features three options for PS5 and PC and starts at $100. Read more »

Money In The Bank 2022 Match Card, How To Watch, Start Time, And Predictions

Here is everything you need to know about the upcoming WWE PPV. Read more »

Hyundai Ioniq 6 revealed: EV sedan coming to Australia with dramatic ‘streamliner’ shape

The striking design of the new Hyundai Ioniq 6 has been unveiled overnight and much more detail lies underneath this aerodynamic bodywork Read more »

Quick Look: FiiO K5 Pro ESS Desktop DAC/Amplifier

Introduction This is the second in a series of FiiO products being covered on TechPowerUp, with the first the FiiO FA7s set of all balanced armature driver in-ear monitors. I ... Read more »

Sony Inzone M9 Review

The closest thing to a PS5 gaming monitor Read more »

Sony Inzone H9 Review

Two steps forward and two steps back. Read more »

Xiaomi 12T has been certified on FCC, key specs revealed

Xiaomi is gearing to introduce the Xiaomi 12S series soon in the Chinese market. However, it seems that the company is already planning the Xiaomi 12T series for release. A ... Read more »

Xiaomi 12S Ultra gets over 100,000 reservations in less than a day

Earlier today, the Xiaomi 12S Ultra opened an appointment at Xiaomi JD’s self-operated flagship store. In less than a day, this phone attracted nearly 100,000 people to make an appointment ... Read more »

Valve Halves Steam Deck SSD Bandwidth on Some Models as Production Doubles

Valve says this change will not affect gaming performance Read more »

New technology is set to eliminate smartphone manufacturing

According to a report from the China Academy of Information and Communications Technology, from January to May, the total mobile phone shipments in the Chinese market totalled 108 million units, ... Read more »

Ark: Survival Evolved Fjordur - All Wyverns and Wyvern Eggs

Wyverns and their eggs can be tricky to find in the mythological world of Fjordur. Read more »

Origin EVO17-S (2022) review

The Origin EVO17-S bristles with the power of a Nvidia GeForce RTX 3080 Ti and an Alder Lake CPU, but comes at a steep price. Read more »

How to Check Your Motherboard Model Number on Your Windows PC

Whether you need to update drivers, check hardware compatibility, or you’re just curious, it’s way easier to check your motherboard model number with these simple tricks than to crack open your ... Read more »

How To Find Wyverns and Wyvern Eggs in Ark: Survival Evolved Fjordur

Wyverns and their eggs can be tricky to find in the mythological world of Fjordur. Read more »

MNT Research unveils Arm-powered Pocket Reform mini laptop

The big picture: MNT is billing the Pocket Reform as a compact yet fully featured mini laptop capable of handling a variety of tasks including taking notes, writing and responding ... Read more »

T-Mobile Is Selling Your App Activity: Here’s How to Opt Out

T-Mobile has positioned itself as a better alternative to other carriers over the past few years, but it also plays many of the same tricks as other networks, including selling ... Read more »

Harley Quinn Season 3 Arrives on HBO Max This July

Today HBO Max and DC Comics revealed the release date for season 3 of their hit HBO Max series, Harley Quinn. The wildly inappropriate yet laugh-out-loud hilarious series will be ... Read more »

After Racist Outburst On Twitch, Formula 2 Driver Fired By Red Bull Racing

Red Bull Racing development driver Juri Vips will no longer be racing in Formula 2. Read more »

ROAD TEST: Toyota Corolla Cross 1,8 Hybrid XS CVT

With the fuel price skyrocketing, a compact, hybrid SUV couldn’t come at a better time for Toyota. But that’s not the only reason it gets our approval… When it comes ... Read more »

Kyle MacLachlan, Xelia Mendes-Jones, And Aaron Moten Join Amazon's Fallout Series - Report

The show's plot remains a mystery, though its cast is finally taking shape. Read more »

iPhone 14 model with a 6.7 display gets a new name

Since Apple launched the iPhone 8 Plus, it seems that there has not been a model with the Plus name. Instead, we have seen iPhones with the Pro and Pro ... Read more »

How to Fix a Flickering External Screen on a Mac

The7Dew/Shutterstock.com If you’re using an Apple display with your MacBook or desktop Mac, things are generally flawless. However, non-Apple displays can exhibit weird behavior such as flickering, and it’s not always obvious ... Read more »

iOS 16 new features exposed – exclusive to iPhone 14 Pro

Apple is already working on its upcoming iPhone 14 series. In recent times, there have been a lot of speculations regarding this series. From the reports so far, the iPhone ... Read more »

Tour de France 2022 Review

I’ve been playing the Tour de France games for the best part of a decade. A huge fan of both gaming and cycling, it’s an annual franchise that just about ... Read more »

New Subway Surfers Spin-off And Other Titles Coming To Apple Arcade In July

Tower defense deck-builder Heroish is also among July's Apple Arcade releases. Read more »

Snapdragon 8 Gen 2 launch date has been revealed

Qualcomm has recently unveiled the Snapdragon 8+ Gen 1 SoC, and some may think that it’s too soon to hear about the Snapdragon 8 Gen 2. However, nothing can prevent ... Read more »

NOAA triples supercomputing capacity to provide more accurate and timely weather forecasts

What just happened? The National Oceanic and Atmospheric Administration (NOAA) in early 2020 announced plans to refresh its aging supercomputer network. On Tuesday, the agency inaugurated its two new machines ... Read more »

Spy x Family Getting Yor Forger Nendoroid Figure and She’s Absolutely Adorable

Today Good Smile Company made a new Spy x Family Nendoroid figure portraying heroine Yor Forger available for pre-order. You can currently reserve her on God Smile’s own American and ... Read more »

Battle Royale Game Spellbreak Shutting Down Servers in 2023

Spellbreak, the free-to-play magic-based battle royale game, will be shutting down its servers in early 2023, developer Proletariat announced today. “Our vision was to create a fresh, multiplayer action-spellcasting game ... Read more »

Fix: Why Isn’t Linux Detecting My Wi-Fi Adapter?

fatmawati achmad zaenuri/Shutterstock.com Ever installed Linux on a laptop, rebooted, and found it can’t see your Wi-Fi card? It’s pretty deflating. Try these hints. One or more of them might ... Read more »

Huawei Mate 50 Pro reappears again in a new leak that reveal its design

While Huawei prepares for the debut of Nova 10 and 10 Pro; surprisingly the current of rumors brings to the surface a series that had disappeared from the radar. Do ... Read more »

The M2 MacBook Pro’s Base Model Comes with a Disappointing Downgrade

Apple Apple’s new 13-inch MacBook Pro M2 has a lot to offer, but the entry-level model comes with a pretty disappointing downgrade. The base model with 256GB of storage has ... Read more »

iPhone 14 Pro will bring AOD with iOS 16 lock screen widgets

The arrival of Always on Display mode on iPhones has been cycling through the rumor mill since immemorial times. Earlier this year, these rumors were further heated with rumors pointing ... Read more »

HTC is BACK!!! What happed to the ex world No 1. smartphone brand?

The Android smartphone market has been around for a long time. At the moment, the major players in the Android smartphone market are Samsung, Xiaomi, Oppo and a few others. ... Read more »

Don’t let the Metaverse tag put you off HTC’s new mid-range Desire 22 Pro

Tales of HTC’s demise are ahead of themselves because the struggling former “King of Android” has just announced a new mid-range handset which focuses on the metaverse. There’s nothing like ... Read more »

Nura’s New Earbuds Combine Lossless Audio with “Personalized” Sound

Nura Nura is often lauded for its personalized sound technology, which tests your ears to automatically find optimal EQ settings. But its latest earbuds, the NuraTrue Pro, take things to ... Read more »

JoJo’s Bizarre Adventure: All-Star Battle R Trailer Reveals New Character Pet Shop

Bandai Namco released another character trailer of its upcoming fighting game JoJo’s Bizarre Adventure: All Star Battle R. The video showcases one more of the new characters that have been added ... Read more »

PSA: Destiny 2 Season Of The Haunted Is The Perfect Time To Unlock A Title

From Severance to the complex Shadow's Return, here's how you can grab every triumph and become known as a Reaper in Destiny 2. Read more »