Hero Electric was the most sold electric two-wheeler maker in the country in 2021. It had 46,260 unit sales and a 32.3% market share. However, it was beaten in the monthly charts in the final month of 2021 by Okinawa. Okinawa narrowly outsold Hero Electric by 30 units.
Okinawa Autotech finished in the second position with the registration of 29,945 units in 2021. It had a market share of 20.9%, the company witnessed a total of 6,098 units registration in December 2021. The year 2021 turned out to be incredible particularly for Okinawa. The company crossed the 1 lakh unit mark in terms of sales in India.
At the third position was Ather Energy. It registered 15,921 units and managed to hold on to a market share of 11.1%. Ather has only two models at sale in India; the Ather 450X and 450 Plus. They are priced at Rs 1,26,926 and Rs 1,07,916 respectively.
Ampere finished in fourth position. The company came ahead of Pur Energy with a total of 12,470 units and secured a market share of 8.7%. It sold 3,343 units and became the third most sold electric two-wheeler maker in India in December 2021. Ampere’s Magnus EX scooter is gaining demand especially for the fact that it offers a 100 km ride range on a single charge.
Pure Energy finished in the fifth position with a total of 11,039 units and recorded a market share of 7.7%. 1,684 units were sold in December 2021. PURE EPluto scooter is the most favored model in the PURE Energy lineup.
TVS Motors, Revolt, and Bajaj Auto took over the next positions accordingly in terms of registrations in 2021. TVS registrations stood at 5,223 units with a market share of 3.6%. Revolt sales were at 4,691 units with a market share of 3.3%. Bajaj Auto had 4,619 units registrations and a market share of 3.2%. Chetak EV turned out to be the most favoured model of Bajaj Auto. The current electric two-wheeler Chetak EV offers a riding range of about
- 95+ km/charge in Eco mode and
- 85+ km/charge in Sport mode
Though the company is in the process of introducing a more powerful version of the Chetak electric scooter for generating better power.
Next came Benling India with 4,439 units followed by Jitendra New EV-Tech with 1,922 units registered and a market share of 1.3%. Next in the order were Mew Electricals with 1,831 units, Goreen e-Mobility with 1,409 units, and KLB Komaki with 1,175 units. The next positions were taken up by startups like RGM, Elthor Energy, ECO Fuels, and Ola Electric saw sales of 407 units, 402 units, 278 units, and 238 units respectively.
|Electric 2W Brands (YoY)||CY2021 Sales (Market Share)||Dec 2021 Sales|
|1. Hero Electric||46,260 (32.3%)||6,058|
|2. Okinawa||29,945 (20.9%)||6,098|
|3. Ather Energy||15,921 (11.1%)||1,810|
|4. Ampere||12,470 (8.7%)||3,343|
|5. Pur Energy||11,039 (7.7%)||1,684|
|6. TVS||5,223 (3.6%)||1,100|
|7. Revolt||4,691 (3.3%)||835|
|8. Bajaj||4,619 (3.2%)||642|
|9. Benling India||4,439 (3.1%)||1,091|
|10. Jitendra||1,922 (1.3%)||493|
|11. MEW Electricals||1,831 (1.3%)||342|
|12. Goreen||1,409 (1.0%)||421|
|13. KLB Komaki||1,175 (0.8%)||186|
|14. RGM||407 (0.3%)||122|
|15. Elthor||402 (0.3%)||81|
|16. Eco||278 (0.2%)||43|
|17. Ola||238 (0.2%)||238|
|18. Others||992 (0.7%)||142|
Looking at the sales of electric two-wheelers, we can anticipate that the upcoming year will see a surge in the demand for electric bikes, scooters, and even cars. The alarming situation of the environment and also the rise in the price of fuels will surely accelerate the demand for electric vehicles.