The electric two-wheeler segment showed robust growth in November 2023, with total sales crossing 91,000 units. This represented a 19% monthly increase over October sales.

Ola Electric continued to dominate the market with nearly 30,000 units sold and a 33% share. TVS Motors and Bajaj Auto maintained second and third place respectively.

Notable highlights were Hero MotoCorp’s 57% monthly growth despite being a new entrant, and Bgauss Auto making it to the top 10 companies on the back of a 37% month-on-month increase.

Overall, the numbers indicate the electric two-wheeler segment is firmly on a growth trajectory this year – over 3.5 lakh units have been sold since June 2023 despite subsidy cuts leading to higher prices. With companies focusing on product innovation and pricing strategies, electric two-wheelers are expected to continue gaining traction among Indian consumers.

The electric two-wheeler industry in India has seen monumental growth in recent times. With rising environmental concerns and the need for more sustainable personal transport, consumers are increasingly looking at electric scooters and bikes as viable options. The government has also provided support through subsidies and incentives like FAME II. However, some roadblocks like battery … Read more

Rivot NX100 Electric Scooter