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Home Bying Tips

Top 10 Electric Scooter Companies In India In 2024 By Market Share

November 20, 2024
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Top 10 Electric Scooter Companies In India In 2024 By Market Share
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Hero MotoCorp, based mostly in New Delhi, India, has been a worldwide chief in two-wheeler manufacturing since 2001, sustaining its place for over 20 years.

Recognized for its progressive bikes and scooters, the corporate launched a brand new model, VIDA, Powered by Hero, on March 3, 2022. Targeted on sustainability, VIDA displays Hero’s dedication to shaping the way forward for mobility and creating a greater world for future generations.

The present portfolio of Hero MotoCorp’s Vida Electrical scooters is as follows: 

Vida V1 ProfessionalVida V1 Plus 

In September 2024 4,174 items of Vida Electrical scooters had been offered, and the corporate secured a 5% market share as of September 2024.

Vida plans to launch scooters throughout the inexpensive, mid, and premium segments as a part of its new aggressive technique. The corporate intends to roll out these fashions over the yr.

#6] Greaves Electrical Mobility

1673205210125 Top 10 Electric Scooter Companies in India in 2024 by Market ShareBased in 2008 and headquartered in Coimbatore, Tamil Nadu, Greaves Electrical Mobility Non-public Restricted (GEMPL) makes a speciality of manufacturing battery-operated electrical automobiles for private and industrial use. Backed by the 164-year legacy of Greaves Cotton, GEMPL has raised round $226 million over six funding rounds, establishing a powerful presence within the EV sector.

Its outstanding model, Ampere, focuses on electrical two-wheelers, significantly scooters, to advertise eco-friendly and sustainable transportation in India.

The present portfolio of Ampere  Electrical scooters is as follows: 

Ampere NexusMagnus LT/EXReo Li/LA PlusPrimus Ampere Magus ParticularZeal EX 

 In September, the corporate offered a complete of two,606 e-scooters, down 24% YoY (September 2023: 3,447 items). Subsequently it might safe a market share of solely 3%. 

#7] Bgauss Auto

Top 10 Electric Scooter Companies in India in 2024 by Market ShareBGauss, a premium electrical car model, is a life-style answer from RR Kabel and a part of the RR World group, a veteran in electrical options. BGauss presents a spread of electrical scooters designed for city and creating areas, aiming to reinforce existence whereas selling environmental conservation.

The scooters function fluid design, ease of use, consolation, low upkeep, highly effective efficiency, and fast charging, making them ultimate for every day commuting. Backed by the experience of 13 manufacturing services, BGauss focuses on offering handy and sustainable mobility options.

Right here is the product portfolio of Bgauss Auto: 

Bguass RUV 350 Bguass C12i 

In September 2024 Bgauss offered 1,237 Electrical scooters.

BGauss goals to promote 50,000 items this monetary yr, with 30,000 items of its RUV350 and the remaining being its C12 electrical scooter. By FY26, the corporate plans to double gross sales to 100,000 items, leveraging the expansion within the EV market. BGauss additionally plans to launch new variants of the RUV350 and discover export alternatives to Southeast Asia, Europe, and SAARC international locations shortly.

#8] Bounce Electrical 

unnamed Top 10 Electric Scooter Companies in India in 2024 by Market ShareBounce, launched in Could 2018 by Vivekananda Hallekere, Anil G, and Varun Agni, was India’s first sensible mobility answer aimed toward offering fast, stress-free, and dependable every day commutes. Inside 11 months, the corporate’s valuation reached $500 million. Recognizing the potential of electrical automobiles in India, Bounce launched in-house EV mobility options in July 2019.

A key milestone was the launch of its first electrical scooter, the Bounce Infinity E1, on December 2, 2021, marking a major step in accelerating India’s shift in the direction of electrical mobility.

Its present portfolio of Electrical scooters includes the fashions: 

In September 2024, the Bounce Electrical offered 1,205 scooters. 

#9] Kinetic Inexperienced Vitality

sddefault Top 10 Electric Scooter Companies in India in 2024 by Market ShareThe Kinetic Group is well-known and cherished by tens of millions for its progressive two-wheelers, just like the Kinetic Honda scooter and the Kinetic Luna. In the present day, Kinetic Inexperienced is a number one participant within the electrical car market, providing quite a lot of electrical three-wheelers and two-wheelers. The corporate is headed by Ms. Sulajja Firodia Motwani, a third-generation member of the Firodia household.

Its present portfolio of Electrical scooters includes the fashions: 

Kinetic Inexperienced E- Zulu Kinetic ZoomKinetic FlexKinetic Zing 

The corporate offered 449 Electrical scooters in September 2024 and has secured a mediocre market share of roughly 1%. 

Kinetic Inexperienced, an electrical car producer, is creating a household e-scooter that’s anticipated to launch within the subsequent yr and a half. Kinetic Inexperienced Founder and CEO Sulajja Firodia Motwani acknowledged that the corporate goals for a topline income of Rs 10,000 crore by 2030, with 60 % of this coming from the two-wheeler section.

 

Motwani outlined that Kinetic Inexperienced plans to generate Rs 3,500 crore every from each the two-wheeler and three-wheeler companies, highlighting the bigger market potential for two-wheelers. Not too long ago, the corporate secured a $25 million funding from non-public fairness agency Better Pacific Capital (GPC) as half of a bigger $40 million Sequence A funding spherical. These funds can be used to speed up the expansion of Kinetic Inexperienced’s electrical two- and three-wheeler choices.

#10] Wardwizard Improvements 



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