Electrical Two-Wheeler Gross sales Information: October 2023
On the planet of electrical two-wheelers, one thing outstanding occurred final month. The gross sales of those eco-friendly rides surged by a whopping 17%. And the overall for final month? A staggering 74,252 items, a big leap from September month’s 63,706. What’s much more thrilling is that some trade gamers managed to interrupt their very own gross sales data, defying the percentages. It’s like a ray of sunshine within the trade, exhibiting how individuals are more and more realizing the advantages of electrical two-wheelers.
The highest three corporations that did effectively in October are OLA Electrical, TVS Motor, and Bajaj Auto. OLA Electrical offered 23,644 autos final month, up from 18,615 in September, which is a 27% enhance in MOM development. TVS Motor offered 16,340 autos final month, in comparison with 15,576 in September, exhibiting a 5% MOM development. As for Bajaj Auto, they offered 8,289 autos final month, in comparison with 7,087 in September, with a MOM development of 26%. These corporations are doing a fantastic job within the electrical market. If we crunch the numbers and calculate the month-to-month development of the highest 5 corporations, the overall involves a outstanding 82%. This substantial determine underscores the numerous efforts these corporations have made to extend gross sales and lift consciousness about the advantages of sustainable, electrical autos.
Earlier than going into any extra particulars, let’s see which corporations made it to the highest 10 and what their efficiency was month on month.
SEPOCTMOM Progress (%)Market Share (%)OLA ELECTRIC TECHNOLOGIES PVT LTD18615236442732TVS MOTOR COMPANY LTD1557616340522BAJAJ AUTO LTD708789322612ATHER ENERGY PVT LTD713582891611GREAVES ELECTRIC MOBILITY PVT LTD4135447086HERO MOTOCORP LTD (HERO VIDA)53019142613OKINAWA AUTOTECH PVT LTD17741450-182BGAUSS AUTO PRIVATE LIMITED9361169252LECTRIX EV PVT LTD7351139552WARDWIZARD INNOVATIONS (Pleasure E Bike)686904321
THE RISE OF HERO MOTORCORP, LECTRIX
In October, some corporations shone available in the market. Hero MotoCorp takes the lead with the very best development in comparison with the earlier month. Their success story will be credited to a mixture of sensible advertising and marketing, and festive season reductions, i.e. , the corporate gave an enormous low cost of approximate 40, 000 on VIDA V1 PRO. The corporate cleverly responded to what folks needed, proving that the trade can adapt and thrive within the electrical market.
And, to not be omitted, Lectrix EV personal restricted additionally had an excellent month, promoting extra autos than they did in September. It’s a testomony to their strong technique in motion.
CONCLUSION
On this ever-changing world, being versatile and developing with new concepts would be the keys to success. Whether or not it’s the massive, well-known corporations or the brand new ones simply beginning out, those that can alter to what folks need and the altering market will carry on doing effectively on the earth of two-wheelers.
As we wave goodbye to October and say good day to new seasons, the two-wheeler trade is preparing for some massive adjustments. Within the subsequent few months, the trade’s skill to bounce again and provide you with contemporary concepts will maintain shaping the best way ahead.