5. Ather Vitality
August has not been an excellent month for Ather Vitality because it dropped down from fourth to fifth place. It recorded gross sales models of 4,278 in August, down from 6,076 models in July. Its month-on-month progress stands at -29% and a market share of solely 9%.
Ather Vitality lately collaborated with Google to offer real-time availability of two-wheeler quick charging stations.
This tie-up will enable EV customers with the Gentle Electrical Mixed Charging System (LECCS) to entry dwell standing updates from ‘Ather Grid’ quick chargers on Google.
6. Greaves Electrical
Greaves Electrical ranks sixth, with gross sales dropping from 3,202 models in July to 2,920 models in August, marking a – 8% month-on-month progress and a 6% market share.
In keeping with sources, the corporate continues to be awaiting its re-listing on the federal government portal to entry advantages, regardless of having paid penalties.
This delay in receiving subsidies below the Quicker Adoption and Manufacturing of (Hybrid and) Electrical Autos (FAME-II) scheme could also be a key issue contributing to its decreased gross sales, market share, or place.
7. Bgauss Auto
Bgauss Auto takes the seventh rank in August, with gross sales of 1,108 electrical two-wheelers, down from 1,793 electrical two-wheelers bought in July.
The low gross sales mirrored a significant detrimental month-on-month progress which is at – 38%.
Due to this fact Bgauss Auto holds a market share of solely 2% in August.
The corporate lately began the manufacturing of its newest Electrical Scooter, the RUV350 at its manufacturing facility in Chakan, Maharashtra.
The corporate is assured the RUV350 will assist them ramp up their gross sales within the EV Market, thereby enjoying a pivotal function in advancing cleaner, extra environment friendly city transportation.
8. Wardwizard Improvements
Wardwizard Improvements jumped from the ninth place to the eighth place in August.
The corporate bought 734 models of its Electrical two-wheelers in August, down from 854 models in July.
This has resulted in a detrimental – 14% month-on-month progress and a market share of a mere 1% in August.
To spice up gross sales, progress, and market share, Wardwizard Improvements ought to give attention to enhancing product attraction via improved options and design, rising advertising and marketing efforts to boost model visibility, and increasing its distribution community.
Moreover, investing in customer support and exploring partnerships or subsidies may also help appeal to extra patrons and strengthen its place within the EV market.
9. Revolt Motors
Revolt Intellicorp is within the ninth place with gross sales reducing from 868 models in July to 721 models in August. The corporate skilled a – 17% month-month progress and holds a market share of just one%.
Revolt Intellicorp is seen getting success within the electrical Motorbike market, however now it must give attention to the electric- two-wheeler market too.
Revolt must make a strong technique for E2Ws, thereby launching new automobiles, with the perfect efficiency, options, reasonably priced pricing, and so on.
10. KLB Komaki Pvt Ltd
New- Delhi-based Komaki Electrical is the brand new Electrical Two-wheeler OEM, taking the tenth place in August.
The corporate has quite a few electrical scooters in its portfolio.
Although on the final place, Komaki Electrical is the one firm in August that skilled a little bit of constructive gross sales. It recorded gross sales of 417 models in August up from 332 gross sales models in July. Its month-month stands at 25%.
However, the corporate couldn’t seize any vital market share in August. Its market share stood at solely 0.9%.
Komaki Electrical relaunched the Flora electrical scooter a number of months again, priced at Rs 69,000.
The Flora will get a Lithium Ion Ferro Phosphate (LiFePO4) battery pack, which is detachable, making it handy to cost, whereas providing a spread of 85 to 100km on a full cost.