Top 5 electric two-wheeler brands in India: Okinawa overtakes Ola as sales drop – EQ Mag Pro
Electric two-wheeler maker Okinawa Autotech (Okinawa Autotech) has become India’s top EV manufacturer in its segment in May. The brand sold 9,290 units of its electric scooter in India last month.
Because there was a decline in overall sales in this segment in the country. Ola Electric (Ola Electric), which recently emerged as India’s top electric two-wheeler manufacturer, has slipped to the second position in the sales chart. The biggest surprise has been the drop in sales for Hero Electric, which dominated the segment for a while.
According to the national vehicle registration portal VAHAN, sales of electric two-wheelers in May declined by about 20 per cent as compared to the previous months. Overall, 39,339 electric two-wheelers were sold last month.
Okinawa Autotech, which recently launched its latest high-speed electric scooter Ockhi 90, saw sales fall to 9,290 units from 11,011 units in May. Ola Electric, which had witnessed a spurt in sales in the last few months after the launch of the S1 and S1 Pro electric scooters in August last year, has also registered a decline in sales. From 12,702 units in April, the sales of the electric two-wheeler brand declined to 9,196 units last month. This is a drop of about 30 per cent.
Ampere Electric (Ampere Electric) stood third in the list with 5,819 units in May. The electric two-wheeler maker had sold 6,540 units in April.
Bengaluru-based Ather Energy (Ather Energy) saw its best sales month ever in May. The company sold a record 3,787 units last month. Nevertheless, the electric scooter manufacturer reached number four on the sales list. Ather had sold 2,450 units in April.
The biggest surprise has come in the form of a drop in the sales of Hero Electric. Which has ruled this segment for a long time. Hero Electric could sell only 2,849 units in May this year as against 6,578 units sold in April.
Sohinder Gill, CEO, Hero Electric said, “April was a very bad month for us. We were able to resume production only from May 15. It took a month and a half to resolve the supply chain issues we were facing. We have revamped our production lines. And now we have reached a capacity of 200,000 units. We will be back as the top player in the market from next month.”
Issues such as safety concerns, supply chain and semi-conductor crisis arising in recent times over battery replacement of electric vehicles are believed to be the reasons for the decline in sales of electric two-wheelers in India in May. According to experts, the recent incidents of fire in electric vehicles and quality issues may have played their part in the decline in overall sales of electric two-wheelers.
Source: PTI
