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E-two-wheeler sales show significant dip to 45,734 units in month of June

June's 45,734 units indicate a 56.58% decrease month-over-month after the industry's best-ever performance in May 2023
PrashantPrashant3-Jul-23 1:32 PM
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E-two-wheeler sales show significant dip to 45,734 units in month of June

The retail sales total for the

electric two-wheeler

market in India for June 2023 is 45,734 units, the Vahan portal stated.


June's 45,734 units indicate a 56.58% decrease month-over-month after the industry's best-ever performance in May 2023 (105,338 units), which was attributed to a buyer rush in the last week of May to take advantage of the 40% FAME subsidy before it was lowered to 15% on June 1. 


June 2023 retail sales were at the same level as June 2022 (44,380 units). In August 2022 (52,225 units), electric two-wheeler retail sales in India reached 50,000 units for the first time. In the holiday shopping month of October 2022 (77,250 units), they surpassed 75,000 units. In the fiscal year that ends in March 2023, this record was surpassed (86,283 units).


With 39,637 units or 86.66% of the market's total sales in June, the top eight e-two-wheeler OEMs maintained their lead over the competition. Additionally, companies have seen pressure from decreasing sales as a result of the cut in the FAME subsidy.


Ola Electric, which continues to have a commanding market share (38%), sold 17,552 units last month, down 39% from the previous month (May 2023: 28,629 units). TVS Motor Co. remains in second place with 7,791 iQube e-scooters sold in May, a 62% drop from the 20,397 units sold in May 2023. Following it are Bajaj Auto with 2,966 units (down 54% from 9,965 in May 2023) and Ather Energy with 4,540 units (down 49% from 15,407 in May 2023) each.


EV retail sales for all vehicle classes were 101,832 units in June, marking the ninth consecutive month that they have topped 100,000 units, despite a considerable decline in e-two-wheeler sales.


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