With Ola Electric leading the charge and a surge in registrations signaling a shift towards eco-friendly mobility, the electric two-wheeler market in India sparks a promising journey towards a greener tomorrow.
Following a challenging period in the electric vehicle sector, there’s promising news on the horizon as recent data indicates a notable uptick in electric two-wheeler registrations in India. According to Vaahan data collected by Inc42 on February 1st, total two-wheeler EV registrations surged to 81,344 units in January, marking a 7.4% month-on-month growth.
Leading the charge in this resurgence is Ola Electric, which once again dominated the market by registering an impressive 32,000 units last month. This reaffirms Ola Electric’s position as a frontrunner in the electric two-wheeler segment, showcasing its continued popularity among consumers.
Not far behind, TVS Motor secured the second position with a significant 23% increase in EV registrations, totaling 15,181 units in January. This surge in registrations reflects the growing demand for electric offerings from established players like TVS Motor, indicating a shift towards sustainable mobility solutions.
Meanwhile, legacy player Bajaj Auto maintained its presence in the market by securing the third position with 10,742 units registered in January. While Bajaj Auto’s growth remained modest at 3% month-on-month, its consistent performance underscores the company’s commitment to the electric vehicle space.
The rise in electric two-wheeler registrations signals a positive trend for the industry, highlighting a renewed interest among consumers in eco-friendly transportation alternatives. With advancements in technology and increasing awareness about environmental concerns, electric vehicles are increasingly becoming a preferred choice for commuters across the country.
As the electric vehicle landscape continues to evolve, stakeholders are optimistic about the future growth prospects in the Indian market. With innovative offerings and expanding infrastructure, the electric two-wheeler segment is poised for further expansion, paving the way for a cleaner and more sustainable future in mobility.
