Active Stocks
Fri Jun 14 2024 15:58:47
  1. HDFC Bank share price
  2. 1,597.45 1.05%
  1. State Bank Of India share price
  2. 840.20 -0.44%
  1. Tata Steel share price
  2. 183.05 0.30%
  1. ICICI Bank share price
  2. 1,105.10 -0.20%
  1. Kotak Mahindra Bank share price
  2. 1,717.00 -0.54%
Business News/ Companies / News/  Electric 2-wheeler sales: Ola Electric at top spot led by lower-cost S1 Pro
BackBack

Electric 2-wheeler sales: Ola Electric at top spot led by lower-cost S1 Pro

In September, Okinawa saw 8,277 registrations, Hero Electric was at the third spot, with 8,277 units registered, followed by Ampere and Ather Energy at nearly 6,000 units respectively.

Ola, with its S1 & S1 Pro products, now has nearly 19% of market share.Premium
Ola, with its S1 & S1 Pro products, now has nearly 19% of market share.

NEW DELHI: Registrations of electric two-wheelers in September saw a modest 3% month-on-month growth, according to data from the government’s VAHAN portal. Nearly 52,000 high-speed electric two-wheelers were registered last month.

This takes penetration of electric two-wheelers to 5.1% in September, up from 4.7% in August.

The largest volume gain was seen by Ola Electric, which saw sales climb on the back of demand for its low-cost electric scooter, Ola S1. The Bengaluru-based EV maker saw registration of 9,616 units in September, significantly improving from the lull in sales it saw in August at only 3,421 units. The brand, with its S1 & S1 Pro products, now has nearly 19% of market share.

“The sharp growth in sales can be attributed to Ola’s strategy of expanding its portfolio with the Ola S1. Launched in August this year, Ola S1 became one of the most popular scooters in its segment and Ola had sold more than 10,000 S1 scooters on the first day of opening the purchase window," Ola said in a statement.

In September, Okinawa saw 8,277 registrations, Hero Electric was at the third spot, with 8,277 units registered, followed by Ampere and Ather Energy at nearly 6,000 units respectively.

Electric products from legacy OEMs TVS and Bajaj Auto came in at nearly 4,000 and 2,600 units, respectively, in the month of September.

3.6 Crore Indians visited in a single day choosing us as India's undisputed platform for General Election Results. Explore the latest updates here!

ABOUT THE AUTHOR
Alisha Sachdev
Alisha Sachdev reports on the auto and mobility sector, with a special focus on emerging clean mobility technologies.
Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 03 Oct 2022, 04:43 PM IST
Next Story footLogo
Recommended For You