Electric Vehicles: Hero Electric sells more than Okinawa Autotech in December 2022, all you need to know

Electric Vehicles: According to the statistics that were just revealed by Vahan for 2022, the market for electric two-wheelers in India has been steadily expanding in terms of sales for quite some time now, as is fairly clear. During the first month of the year, 28,193 electric two-wheelers were registered, and by the end of the year, that number had increased to 65,091 units. Additionally, among the several E2W brands available in India, Hero Electric and Okinawa Autotech typically ranked first, second, and third, respectively.

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Both of these brands and secured the top rank in 2022

Hero Electric recorded 7,180 units of its products in December 2022, outselling Okinawa, which registered 4,963 units of its products in the same month. However, the latter’s annual registrations were somewhat higher than the former at 1,01,366 units, while the former’s registrations were finalised at 1,00,123 units. Ola Electric, which registered as many as 1,08,130 units in the previous year, outperformed both of these brands and secured the top rank in 2022.

Okinawa Autotech, which makes a wide range of high-speed and low-speed e-scooters, came very close to being the market leader in CY2022, but it lost by just 6,764 units in the last two months of the year.

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Between January and October, it sold 87,340 units, which was more than Ola Electric, which sold 75,603 units in the same time period.

brands TVS and Bajaj occupied the sixth and seventh position

Ampere Vehicles and Ather Energy registered 79,592 and 51,192 units, respectively, putting them in a distant second and third place, respectively, after Hero Electric. In the meantime, the mainstream internal combustion engine (ICE) vehicle brands TVS and Bajaj occupied the sixth and seventh spots, respectively, in the E2W sales table. As more people buy electric vehicles, there is a corresponding rise in the level of competition in the Indian market for electric two-wheelers. It will be fascinating to see which brands manage to secure a place among the top five in terms of sales in the year 2023.

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