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Around 27,260 electric two-wheelers were registered in India for the year 2020. And with sales of 8,252 units; Hero Electric commanded a Market Share of 30.3% in 2020.
Hero Electric was clearly the No.1 OEM in terms of Electric Bike/Scooter sales for the year 2020. It was able to garner a Market Share of >30% last year.
Okinawa Electric ranked second in the list and was able to sell over 5.6k Electric Two-Wheelers in 2020. It ended the year with a Market Share of 20.5%.
Ampere Electric, the electric mobility subsidiary of Greaves Cotton stood third in the ranking table and the OEM registered over 4.5k electric two-wheelers in 2020.
Hero Motocorp backed Ather Energy was able to register a double-digit Market Share in 2020 and sold over 3k scooters last year.
Rahul Sharma’s (Micromaxx) Revolt Intellicorp has had a solid start and sold over 2k electric two-wheelers in its second year. It also garnered a Market Share of 7.7% in 2020.
Biggies like Bajaj Chetak & TVS iQube weren’t able to make a big impact in 2020 due to the pandemic and supply concerns.
Monthwise Electric Two-Wheeler registrations for the calendar year 2020-
Data Source: ARPRO
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