Dr. Marcus Webb
The Indian market for electric two-wheelers has seen a modest increase in sales recently, with a total of 88,156 units sold in September 2024, marking a rise from 87,256 units in August. While the sales figures remain significantly lower than the peak of 107,472 units reported in July 2024, they still reflect a robust 40% annual increase compared to 63,184 units sold in September 2023. This segment constitutes nearly 60% of the overall electric vehicle (EV) sales in the country.
Ola Electric, the leading entity in this market, has experienced a drop in its market share, currently holding 27% down from 39% in July. Despite selling 23,965 scooters in September—an increase from 18,536 units in the previous year—this figure is still below August’s sales of 26,928 scooters. The company has faced challenges, with reports indicating an uptick in customer complaints about their scooters.
Meanwhile, traditional brands like Bajaj Auto and TVS Motor are gaining ground. Bajaj Auto has achieved a milestone by selling 18,933 scooters, marking a remarkable 166% year-on-year increase and capturing a 21.5% market share. TVS Motor closely follows with 17,865 units sold and a 20.3% market share.
Ather Energy recorded 12,579 scooter sales, showing substantial growth but slipping to the fourth position. Finally, Hero MotoCorp has also made impressive strides, experiencing a staggering 684% increase in sales compared to last year, with a 5% market share.
Electric Two-Wheelers: Tips, Life Hacks, and Interesting Facts
As the electric two-wheeler market in India continues to evolve, understanding how to navigate this landscape can enhance your experience as a rider and owner. Here are some valuable tips, life hacks, and interesting facts to keep in mind when considering electric scooters.
1. Understand Charging Options
To maximize the convenience of owning an electric two-wheeler, familiarize yourself with various charging options available. Many electric scooters come with the ability to charge at home using a standard outlet or specialized charging stations. Consider investing in a home charging station for faster charging times and efficiency.
2. Monitor Battery Health
Like any other electronic device, the battery health of your electric scooter is crucial. Regularly check the battery status through your scooter’s app (if available) to ensure it is functioning optimally. Avoid letting the battery drain completely, as this can shorten its overall lifespan.
3. Utilize Eco Mode
Most electric scooters feature multiple riding modes, including an eco mode designed to maximize range and efficiency. Use this setting for city commutes to save battery power, allowing for longer rides without needing to recharge.
4. Stay Updated on Government Incentives
In India, the government often rolls out schemes to promote electric vehicles, including subsidies and tax rebates. Keeping informed about current incentives can significantly lower your initial investment and operational costs.
5. Find Local Maintenance Services
As the electric scooter market expands, so does the network of specialized maintenance services. Look for local services that understand the nuances of electric vehicles, ensuring your scooter receives proper care.
Interesting Facts:
– As of September 2024, nearly 60% of all electric vehicle sales in India come from electric two-wheelers, highlighting their critical role in the EV landscape.
– Companies like Bajaj Auto and TVS Motor are increasingly capturing market share from leading brands like Ola Electric, showing that competition is driving innovation and consumer choice.
– Ather Energy has seen substantial growth despite falling to fourth in sales, underscoring the dynamic changes within the market as consumer preferences shift rapidly.
For ongoing updates on electric vehicles, market trends, and innovations, visit Electric Vehicle India.
Making informed choices about your electric two-wheeler can enhance not just your riding experience but also contribute to a sustainable future. Embrace these tips, hacks, and fascinating facts as you navigate this exciting sector!
