People left everything and ran to buy this electric scooter. In the last 9 days there was a mutiny, the company was also surprised!

Sale of electric two-wheelers: Last month, sales of electric two-wheelers in India hit a new high. Retail sales of electric two-wheelers hit an all-time high at 1,04,755 units, a 57 percent growth compared to April 2023. We tell you that in April 2023, 66,724 electric two-wheelers were sold nationwide. According to this, 3,379 units of electric two-wheelers were sold in the country every day last month.

We tell you that this is the first time that sales of electric two-wheelers in the country have passed the 1 lakh unit mark. These figures were taken from the vehicle portal up to May 31st. If you look at the previous sales of electric two-wheelers, 85,452 units were sold in March 2023.

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Why the huge increase?
Electric two-wheeler sales reportedly surged after the central government cut the FAME 2 subsidy. In fact, on May 22, the government announced it would cut the subsidies available for electric and hybrid vehicles by amending the FAME 2 subsidy. The subsidy for two-wheel electric vehicles has been reduced from 15,000 rupees/kWh to 10,000 rupees per kilowatt hour (kWh). In addition, the incentive cap for these vehicles has been reduced from 40 percent to 15 percent. Overall, the incentive was reduced by 37.5 percent. On the other hand, many companies, including Ola and Ather, had announced that they would increase the prices of their vehicles from June 1st. For this reason, between May 22 and May 31, people flocked to the showroom planning to buy an electric bicycle or scooter.

Also Read: This electric car won the hearts of women, crowds thronged the showroom last month, range is 315km on a full charge

Big sale of this electric scooter
A total of 57,917 electric two-wheelers were sold between May 23rd and 31st. The biggest beneficiary of this government announcement was Ola Electric, which posted record sales of S1 electric scooters over the last nine days of the month. In addition to Ola Electric, companies such as TVS Motor, Ather Energy, Bajaj Auto and Okinawa also posted the best sales figures for the month of May.

Ola Electric sold 28,438 units in April 2023, beating its previous high of 21,991 units. At the same time, TVS Motor surpassed 20,000 units with sales of 20,253 iQube units. Ather Energy hit a new monthly high of 15,256 units. At the same time, Bajaj Auto saw a remarkable 168 percent increase in sales to 9,910 units, securing fourth place in sales for the first time.

These four OEMs were responsible for sales of 83,475 units out of a total of 1,04,755 electric vehicles sold in May, accounting for 80 percent of the market share.

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Tags: car news, electric scooter, electric vehicles