The month of March has brought about a noteworthy surge in the growth of electric vehicles, which is reflected in the sales figures across all sectors. While we have seen some new entrants making their mark in the list of top players, unfortunately, we have also had to bid adieu to a few. In this report, we present the top ten electric two-wheeler players for March 2023, along with their sales figures and growth rates.
EV Sales Report March 2023
With a commendable sales figure of 83,860 electric two-wheelers sold in March 2023, as compared to the sales of 65,623 electric two-wheelers in February 2023. Thus we observed a growth rate of 21.74%
If we take into consideration the sales of March 2022, then this number would stand at around 54,398 registering a Y-OY growth of 35%. It is an encouraging sign to see the electric two-wheeler industry growing at a steady pace.
Without further ado, let us take a closer look at the top ten players who have made it to the top of the leaderboard. From market leaders to new entrants, these players have shown remarkable growth in the dynamic world of electric two-wheelers.
Top Electric Scooter Selling Company in March 2023
| Electric Scooter | Sales in March 2023 | Sales in February 2023 |
| OLA ELECTRIC | 27,000 units | 18270 units |
| TVS MOTOR | 16,454 units | 10378 units |
| ATHER ENERGY | 11,993 units | 9187 units |
| AMPERE VEHICLES | 8,844 units | 4424 units |
| HERO ELECTRIC | 6,640 units | 6457 units |
| OKINAWA AUTOTECH | 4,201 units | 3840 units |
| CHETAK TECHNOLOGY | 2,319 units | – |
| BAJAJ AUTO | 2,136 units | – |
| OKAYA EV | 1,720 units | 1231 units |
| KINETIC GREEN | 1,591 units | 815 units |
Apart from Ola electric’s sales data, all the other data has been added according to the Vahan Dashboard
Ola Record-Breaking Sale
Ola Electric recorded the highest-ever sales in March 2023. The company has crossed the sales of 27,000 electric scooters in march 2023. Talking about that milestone Bhavish Aggarwal, Founder, and CEO of Ola Electric said, “FY23 has truly been a defining year for the EV industry in India. At Ola, we have remained resolute in prioritizing scale, speed, and uncompromising quality standards, all of which have contributed to the company’s consistent leadership position in the market. While last year has been successful in making EVs mainstream, the next couple of years will take the EV revolution to human scale, and Ola will be at the forefront of this revolution to lead this paradigm shift,”
Other Prominent Players in the Market
The other prominent player in the two-wheeler category were BGauss, Revolt, iVOOMi energy, Pure EV, and lot many others.
Writer’s Note
While it is exciting to see the growth of electric two-wheelers, it is important to remember that there is still a long way to go before we achieve a fully sustainable transportation system. As individuals and as a society, we must continue to take steps toward reducing our carbon footprint and promoting sustainable practices.
