Bajaj Auto has solidified its standing because the third-largest e-two-wheeler OEM, following Ola and TVS, with 17,642 Chetaks offered in July. This efficiency marks a 95% month-on-month development and secures a 16% market share.
The corporate continues to witness robust demand for its two Chetak variants – Urbane (Rs 123,319) and Premium (Rs 147,243) – resulting from elevated manufacturing capability and an increasing vendor community. At the moment current in 164 cities with 200 touchpoints, Bajaj Auto plans to increase to round 600 showrooms throughout the subsequent three to 4 months.
Moreover, the corporate is ready to introduce a brand new mass-market e-scooter underneath the Chetak model, aiming to additional increase its market presence.
4] ATHER ENERGY
Ather Vitality ranks fourth, with gross sales growing from 6,192 models in June to 10,080 models in July, reaching a 63% month-on-month development and a 9% market share.
In April, Ather launched the Rizta, priced from Rs 109,999 (Rizta S) to Rs 149,999 (Rizta Z), and commenced deliveries on July 4. The Rizta S has a 2.9 kWh battery with a 123 km vary, whereas the Z variant incorporates a 3.7 kWh battery with a 160 km vary.
Notable options embrace the biggest two-wheeler seat in India and ample cupboard space.
In June, Ather introduced a brand new plant in Aurangabad Industrial Metropolis (AURIC), Maharashtra, with an funding of over Rs 2,000 crore to supply as much as one million EVs and battery packs yearly.
5] HERO MOTORCORP
Hero MotoCorp secures the fifth place, with gross sales rising from 3,074 models in June to five,044 models in July, reflecting a 64% month-on-month development and capturing a 5% market share.
In June, Hero MotoCorp, an early investor in Ather Vitality and a key participant in Ather’s development since 2016, elevated its stake by 2.2%, banking on the rising demand for Ather merchandise.
6] GREAVES ELECTRIC
Greaves Electrical holds the sixth place, with gross sales growing from 2,715 models in June to three,154 models in July, reflecting a 16% month-on-month development and a 3% market share.
Focused at households, the newly launched Ampere Nexus electrical scooter by Greaves Electrical has been designed and developed in-house on the Ranipet facility in Tamil Nadu.
Geared up with a 3 kWh LFP battery, the Nexus boasts a high pace of 93 kph and an authorized vary of 136 km. Offered in two variants, costs begin at Rs 110,000 (ex-showroom) and go as much as Rs 120,000.
7] BGUASS AUTO
Bgauss Auto ranks seventh, with gross sales growing from 1,062 models in June to 1,792 models in July, reflecting a 68% month-on-month development and capturing a 2% market share.
Lately, the producer launched its newest EV, the BGauss RUV 350, obtainable in three variants: RUV 350i, RUV 350 EX, and RUV 350 Max. Costs begin at Rs 1.10 lakh for the bottom mannequin and go as much as Rs 1.35 lakh for the top-spec variant.
8] REVOLT INTELLICORP
Revolt Intellicorp is within the eighth place, with gross sales rising from 660 models in June to 868 models in July, marking a 31% month-on-month development and a 0.98% market share. Revolt Motors has just lately obtained official approval from the Ministry of Heavy Industries, making it eligible for the Central Authorities’s EV subsidy schemes. This approval qualifies the corporate for the present Electrical Mobility Promotion Scheme (EMPS) 2024 in addition to the forthcoming FAME III subsidy scheme, anticipated to observe EMPS.
9] WARDWIZARD INNOVATIONS
WardWizard is within the ninth place, with gross sales lowering from 897 models in June to 852 models in July, reflecting a – 5% month-on-month decline and capturing a 0.96% market share.
The corporate just lately secured a $1.29 billion order from Beulah Worldwide Improvement Company, a agency based mostly within the Philippines.
Below this Memorandum of Understanding (MoU), WardWizard will provide its current electrical two-wheeler and three-wheeler fashions to the Philippines and develop new four-wheeler business automobiles tailor-made for the Philippine market. With a present manufacturing capability of 4-6 lakh two-wheelers and 40,000-50,000 three-wheelers yearly, fulfilling this order, valued at Rs 10,800 crore, is anticipated to take three years.
10] KINETIC ENERGY
Kinetic Vitality ranks tenth, with gross sales growing from 458 models in June to 687 models in July, reflecting a 50% month-on-month development and capturing a 0.77% market share.
Two months after the launch of the Kinetic Inexperienced E-Luna, Kinetic Inexperienced Vitality is increasing its electrical scooter lineup, as proven by current spy pictures of a brand new mannequin at the moment in testing.
This upcoming scooter incorporates a sturdy suspension system with a telescopic fork on the entrance and twin shock absorbers on the rear. It prioritizes stopping energy effectivity with its entrance disc brake and rear drum brake system. The design additionally features a single-piece seize rail, a hub motor, and a curved seat designed to comfortably accommodate two individuals.