Hero Electric topped two wheeler sales charts while Ather was the only electric two wheeler maker to post a YoY de-growth
Top 10 electric 2W sales increased 247 percent YoY while it was also a 6 percent MoM growth. Sales in the past month stood at 39,755 units, up from 11,425 units sold in July 2022. This was a 28,330 unit volume growth. MoM sales on the other hand increased from 37,638 units sold in June 2022, a volume growth of 2,117 units. Each of the manufacturers on this list have posted a YoY growth with the exception of Ather. Ampere, Ola, Revolt and Ather posted lower MoM sales.
Hero Electric was in a top spot on this list in July 2022. Sales stood at 8,953 units, a 108.05 percent YoY growth from 4,223 units sold in July 2021. The company commands a 19.85 percent share. Sales in June 2022 had stood at 6,504 units, relating to a 37 percent MoM growth while share had been at 17 percent.
Top 10 Electric 2W Sales July 2022
Okinawa, at No. 2 had its electric two wheeler sales at 8,093 units in July 2022, up 213 percent, from 2,580 units sold in July 2021. This was a 5,513 unit volume growth with the company commanding an 20 percent share. Sales in June 2022 had stood at 6,984 units, a 16 percent MoM growth.
Ampere at No. 3 saw its sales at 6,313 units in July 2022, up 860 percent from 657 units sold in July 2021. Share percent was at 15.88 in the past month down from 17.38 percent held in June 2022 when sales had been at 6,541 units, a 3.50 percent MoM de-growth. Ampere Electric has seen steady increase in sales and its retail sales in H1 2022 stood at 33,785 units.
Next in line was TVS Motor with electric two wheeler sales at 4,258 units in July 2022, up 557 percent from 648 units sold in July 2021. TVS Motor in June 2022 had sales of 1,946 units with a 119 percent MoM growth.
Ola, Bajaj, Revolt, Ather
Ola Electric sales were at 3,859 units in July 2022 with a 9.7 percent share. This was a MoM de-growth of 34.5 percent when compared to 5,892 units sold in June 2022 when share percentage was at 15.65. Ola gears up for launch of Move OS 3 update for the S1 Pro electric scooter which is scheduled to be launched by the Diwali season. It will include a host of hi-tech features, such as hill hold control, hyper charging, proximity unlock, etc.
Bajaj Chetak Electric scooter sales increased YoY and MoM to 2,433 units in July 2022. It was a 234 percent YoY growth and a 35 percent MoM growth from 728 units sold in July 2021 and 1,798 units sold in June 2022. YoY growth was also reported by Revolt with sales of 2,317 units in the past month, up 630 percent over 317 units sold in July 2021. MoM sales however, dipped 4.4 percent from 2,424 units sold in June 2022.
Ather has seen YoY and MoM degrowth of 28 percent and 66 percent respectively. Sales which had been at 1,799 units in July 2021 dipped to 1,286 units in July 2022. In June 2022 the company had sold 3,830 units. Ather recently launched the Gen 3 450X electric scooter and one of its key rivals is the TVS iQube which was also updated this year. Benling and Okaya have both seen YoY and MoM growth with 1,167 units and 1,076 units sold in July 2022.