Recording sales of 7,20,733 units in FY2023, electric two-wheelers saw 185 percent YoY growth (FY2022: 2,52,539 units). The top six OEMs have each sold over 75,000 units and their combined sales add up to 5,75,143 units, 80 percent of the total sales in FY2023.
Ola Electric, with 1,51,344 units, is the market leader by a huge margin, averaging monthly retails of 12,612 units and is ahead of the next manufacturer by a substantial 57,211 units. With this performance, Ola now has a 21 percent share of the electric two-wheeler retail market. It is also the sole player to surpass the 100,000 unit mark and by a big margin.
All numbers mentioned here are taken from the government's VAHAN portal.
Of all the electric vehicles on this list, which one would you consider going for and why? Let us know in the comments section below.
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