HomeBRAND REVIEWAUTOHero Electric reclaims the top spot while Ather and Ola experience a...

Hero Electric reclaims the top spot while Ather and Ola experience a big decline

Hero Electric fell all the way to third place last month before regaining the top spot in July, after seeing a decline in sales over the previous few months. Its overall sales increased by 35% month over month to 8,786 units in July from 6,504 EVs in June.

The top 10 manufacturers’ July two-wheeler EV sales are a mixed bag. Hero Electric reclaimed the top spot, but other important services like Ather and Ola saw a sharp decline in their sales rankings.

One of the top sellers in previous months, Okinawa Autotech, fell to second place with a total of 8,093 units, up 17% from the sales of 6,944 units in June.

Company Units sold in June 2022Units sold in July 2022M-o-M Growth (%)Units sold in July 2021Y-o-Y Growth (%) 
Hero Electric6,5048,78635%4,223108%
TVS Motors1,9464,244118%648555%
Ola Electric5,8863,852-35%
Bajaj Auto 1,7982,41834%728232%
Ather Energy3,8291,279-67%1,799-29%
Being India9591,16622%473147%
Okaya EV5,0065,79316%
Total e2W Sales41,83744,2596%

Ampere, which came in third, experienced a little dip in July sales. An electric two-wheeler manufacturer in the south reported total sales of 6,312 units, a 4% decrease from the 6,541 EVs sold in June.

TVS Motors has upped the ante, moving from the seventh slot in June with a tally of 1,946 units to the fourth position in July with 4,244 units sold.

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Meanwhile, Ola Electric continues to face difficulties due to a persistent decline in sales. 3,852 units were sold in July, a considerable decrease from the 5,886 units sold in June. The market thinks that the recent decline, which began after the April highs of 12,702 units, was greatly influenced by the recent spate of fires. It is currently in position five.

Company Units sold in July 2022Units sold in June 2022Units sold in May 2022Units sold in April 2022
Ola Electric3,8525,8868,68112,702

Another major underperformer in the top 10 is Ather Energy. From 3,829 sold units in June, sales fell to 1,279 sold units in July. Revolt saw a little fall in sales of electric two-wheelers in July from 2,424 units in June to 2,316 units.

Bajaj Auto has made some progress in terms of monthly sales, going from 1,798 EVs in June to 2,418 units in July. Being India’s sales report shows 1,166 sold units in July compared to 952 sold units in June, an increase from one month to the next.

Although there are winners and losers among the different players, the electric two-wheeler market as a whole is still growing. While the overall sales total increased by 2000% year over year to 44,259 units, a month over month comparison reveals a 6% increase over the 41,837 EVs sold in June.

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