Best-Selling Electric Scooters in May 2023: EV Sales Report

According to the sales report of electric vehicles for the month of May 2023, the sales of electric scooters have increased exponentially in May 2023, owing to the government’s plans to decrease the FAME-II subsidy amount.

Therefore, people bought many electric scooters before the price increase in Electric scooter. People are also buying electric scooters more and more as the awareness of environmental safety is increasing.

And, another reason is that electric scooters are equipped with many fantastic features and functionalities, which are of the modern style and are very useful also. Here is the list of the Top best-selling electric scooters in May 2023.

Top Best-Selling Electric Scooters in May 2023

The following table presents a list of the top electric scooters that were sold in large quantities in May 2023. The company-wise sales data is something like this:

Company	Sales April 2023	Sales May 2023	MOM Growth (%)
Ola Electric	21822	28438	30.32
TVS Motor	8710	20253	132.53
Ather Energy	7714	15256	97.77
Bajaj Auto	3696	9910	168.13
Ampere Vehicles	8242	9618	16.69
Okaya EV	1518	3875	155.27
Okinawa Autotech	3168	2905	-8.30
Hero Electric	3211	2109	-34.32
Bgauss Auto	772	1811	134.59
Kinetic Green	845	1199	41.89

 

Ola Electric maintains Top Position

Among all other electric scooter-selling companies, Ola Electric continues to maintain the top position as per the sales data of electric scooters in the Indian market. The company has always achieved record-breaking sales of electric scooters in the electric vehicles industry. The company sold 28,438 units of electric scooters in May 2023.

Whereas, in April 2023, the company sold 21,822 electric scooters in India. And Ola Electric will start the delivery of Ola S1 Air from July which will further boost sales.

Major sales drop out of Hero Electric

The sales of electric scooters from Hero Electric have decreased by more than half in May 2023, from 3,211 units to 2,109 units.

Other companies Performance

In May 2023, many other companies like TVS, Ather, and Ampere Vehicles have also managed to be in the top positions after Ola Electric. TVS sold 20,253 units of electric scooters, Ather sold 14, 522 units of electric scooters, and Ampere sold 9,618 units of electric scooters.

TVS to Compete with Ola Electric

The automobile company, TVS achieved sales of 20,253 electric scooters in May 2023, and Ola Electric sold 28,438 electric scooters. In the upcoming months, the sales of the electric scooter from TVS, the TVS i-Qube electric can increase beyond the sales of the Ola S1 Pro.

Because TVS automobiles have always been one of the first preferences of people in India, for their fuel vehicles. However after the entry of electric vehicles in the automobile industry, Ola Electric has gained much popularity in the EV sector.

However, after the launch of the TVS i-Qube ST, the total sales of electric vehicles from the TVS can increase beyond the Ola electric vehicles’ total sales.

Effect of Revise in the FAME – II subsidy policy

As per the recent reports, the Indian government has decided to cut the amount of FAME – II subsidy provided by them to the customers and the electric vehicle manufacturers.

Therefore, many people bought electric scooters in May 2023. This led to an increase in the sales data of electric scooters this month. It is also expected that the sales data may decrease in June 2023.

The reason behind the expected price rise is that, as the amount of FAME – II subsidies provided to EV manufacturers will be reduced to 15%, then they may increase the prices of the e-vehicles.

Read More:- Simple Energy is Working on Two More Electric Scooters and an Electric Bike