February proved to be an electrifying month as we witnessed a significant surge in the growth of electric vehicles across all sectors. Although we welcomed some fresh faces to the list of top players, unfortunately, we had to bid farewell to a few. Without further ado, let’s dive into the numbers and unveil the top ten electric two-wheeler players for February 2023.
With an impressive sales figure of 65,623 electric two-wheelers sold in February, a growth rate of 2.21% was observed compared to the previous month’s figure of 64,203. So, hold on to your seats as we take a closer look at the players who made it to the top in the exciting and dynamic world of electric two-wheelers.
Table of Contents
Top 10 Electric Scooter Players in India
| Name of the organization | EV Sales in January 2023 | EV Sales in February 2023 | MOM Growth (%) |
| Ola Electric | 18270 units | 17616 units | -3.58 |
| TVS iQube | 10378 units | 12568 units | 21.10 |
| Ather Energy | 9187 units | 9959 units | 8.40 |
| Hero Electric | 6457 units | 5855 units | -9.32 |
| Ampere | 4424 units | 5835 units | 31.89 |
| Bajaj Chetak | 2606 units | 2517 units | -3.42 |
| Okinawa | 4453 units | 3840 units | -13.77 |
| Okaya EV | 1293 units | 1231 units | -4.80 |
| Kinetic Green | 1026 units | 815 units | -20.57 |
| Bgauss | 714 units | 667 units | -6.58 |
Performance of Electric Scooters
- Ampere: Ampere made in the top 5 replacing Bajaj Chetak by selling additional 20 units.
- Bajaj Chetak: Chetak has slipped to the sixth position losing to Ampere Electric.
- BGauss: BGauss jumped to one position thus securing their position in the top ten by selling 667 units.
Electric bike players in India
| Name of the organization | EV Sales in January 2023 | EV Sales in February 2023 | MOM Growth (%) |
| Revolt Motors | 14 units | 64 units | 357.14 |
| Tork Motors | 62 units | 17 units | -72.58 |
New Launches in the Month of February 2023
We saw four new electric two-wheeler launches in the month of February 2023.
- Ola S1 Air: Ola coming out with a new electric vehicle and new battery capacity has proven to the public that they are here to lead the market.
- Okaya Faast F3 and F2F Electric Scooter: Okaya secured the eighth position this month and by adding two more electric scooters to their portfolio they are giving tough competition to the other EV players.
- River Indie: A completely new company set foot in the EV sector bringing a plethora of additional features and new pricing into the market.
Conclusion
The sales performance of various companies during the recent period was a mixed bag, with some experiencing a remarkable boost while others had to make do with less than expected. However, with the festival of color approaching, there is a strong likelihood that consumers will be inclined to purchase electric vehicles to mark the occasion. The upcoming monthly report will shed more light on this trend, so keep your eyes peeled for further updates and exciting developments in the world of EVs.
