Electrical Two-Wheeler Gross sales Surge in July 2024: OLA Electrical Continues to Dominate
The electrical two-wheeler market in India continues to witness strong progress, with July 2024 marking one other vital milestone. The general gross sales for the month surged, fueled by growing gasoline costs, environmental issues, and the rising vary of reasonably priced electrical two-wheelers.
OLA Electrical maintains its high place
OLA Electrical, the market chief, additional consolidated its place by registering spectacular gross sales of 41,597 items in July 2024, reflecting a progress of 13% in comparison with the earlier month. This exceptional efficiency solidifies OLA Electrical’s dominance within the electrical two-wheeler section.
TVS Motor and Bajaj Auto witness substantial progress
TVS Motor and Bajaj Auto emerged as robust contenders, showcasing substantial progress of their electrical two-wheeler gross sales. TVS Motor recorded gross sales of 19,417 items, marking a exceptional 38% improve from the earlier month. Equally, Bajaj Auto witnessed an exceptional surge of 95%, with gross sales reaching 17,642 items in July 2024.
Different key gamers
Ather Vitality, Hero Moto Corp, and Greaves Electrical additionally contributed considerably to the general market progress. Ather Vitality reported gross sales of 10,080 items, reflecting a progress of 63% in comparison with the earlier month. Hero Moto Corp and Greaves Electrical witnessed gross sales of 5,044 items and three,154 items, respectively, indicating year-on-year progress.
Market Share
OLA Electrical continued to guide the market with a considerable share of 39%, adopted by TVS Motor at 18% and Bajaj Auto at 16%. Ather Vitality, Hero Moto Corp, and Greaves Electrical held market shares of 9%, 5%, and three%, respectively.
Total Outlook
The electrical two-wheeler market in India is poised for additional progress within the coming months. With growing shopper consciousness, bettering battery know-how, and increasing charging infrastructure, the demand for electrical two-wheelers is anticipated to rise considerably.
Desk: Electrical Two-Wheeler Gross sales Knowledge – July 2024
This complete report supplies insights into the efficiency of key gamers within the electrical two-wheeler market and highlights the general progress trajectory of the section.