Ampere Autos secured the fifth place in 2023 with gross sales of 67,041 items, a lower in comparison with the 81,942 items offered in 2022. The year-on-year progress for Ampere Autos in 2023 was -18%, reflecting the decline in gross sales items. The corporate maintains a modest market share of 8% in 2023, additional reflecting the necessity to change its advertising plans to surge its gross sales items.
6] OKINAWA AUTOTECH
Securing the sixth place, Okinawa Autotech reported gross sales of 31,613 items, an enormous lower from the 1,03,549 items offered within the earlier yr. This ends in a year-on-year progress of -69%, indicating a big decline in gross sales items. With a modest market share of 4% in 2023, it’s obvious that Okinawa Autotech faces challenges in a aggressive electrical car market. To enhance its standing, the corporate might must not solely reassess its advertising methods but in addition concentrate on product innovation, buyer engagement, and doubtlessly increasing its product vary to satisfy evolving shopper wants.
7] HERO ELECTRIC VEHICLES
8] OKAYA EV
Securing the eighth place, Okaya EV Pvt Ltd reported gross sales of 15,786 items, reflecting a comparatively small improve from the 8,913 items offered in 2022. Consequently, the year-on-year progress for Okaya stands at 77%, pushed by the marginal rise in gross sales. With a market share of solely 2% in 2023, Okaya EV ought to take energetic steps to reinforce its place, the corporate might must implement methods for extra vital gross sales progress, diversify its product choices, and discover avenues to extend market share within the evolving panorama of electrical mobility.
9] BGUASS AUTO
Bgauss Auto Personal Restricted holds the ninth place with gross sales of 11,424 items in 2023, a considerable improve from the 1,983 items in 2022. This notable comparability signifies vital progress in comparison with different firms. With a year-on-year progress of 476% in 2023, Bgauss Auto exhibits indicators of regular development within the electrical car market. Nonetheless, the corporate’s market share stands at only one%, suggesting the necessity for a revamped enterprise technique to realize extra spectacular gross sales figures sooner or later.
10] HERO MOTORCORP
Within the tenth place, Hero Motorcorp Pvt Ltd reported gross sales of 11,082 items in 2023, marking a considerable improve from the mere 182 automobiles offered in 2022. The year-on-year progress for Hero Motorcorp stands at a powerful 5977%, showcasing vital efforts to spice up gross sales. Nonetheless, just like Bgauss, the corporate holds solely a 1% market share. Whereas Hero Motorcorp has made commendable strides to extend gross sales, taking extra proactive steps might additional elevate its place and contribute to attaining larger gross sales figures sooner or later.
CONCLUSION