In 2022, electric vehicles registered a growth of 208 percent year-on-year growth as compared to 2021.

[{"selector":"#anim-8d407d29-d95b-483c-90fb-7b1f397577e7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f7e85bf0-0a09-4a91-9c3f-bf706f5410fa","keyframes":{"transform":["translate3d(89.03846%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-34760435-44ca-447e-ab77-b08216054579","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Ola

[{"selector":"#anim-4ac3fae3-9e94-440c-a7b8-60b2f876e1e1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dc769b25-15be-489e-8a7e-9408e498e757","keyframes":{"transform":["translate3d(-108.54701%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-32737ed0-f972-465c-a60c-a9a9538be989","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a5dd721e-2aac-4be5-9c10-ae34db9853ef","keyframes":{"transform":["translate3d(0px, 149.62605%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-603f544f-0b1c-4516-bc8f-937a9f699363","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-44469efe-a703-4161-b31c-dcdd345e6f1c","keyframes":{"transform":["translate3d(115.15151%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-928c4e7c-a10f-4b7e-8f4e-162cfebc978c","keyframes":{"transform":["translate3d(106.73575%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e2afffc9-e19a-45f9-a1af-d5caa5491adf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-29b1c080-d53d-4ad8-b6b6-60a4a010259d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

TVS Motors

[{"selector":"#anim-025f322a-7332-4fa7-b7cc-3a1f74489763","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f250d91b-c98b-40be-b2b0-9c7f72b3e836","keyframes":{"transform":["translate3d(-108.54701%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c71be560-1338-4915-b625-d616d7b1ecad","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ddcbb14f-fbcd-4ce7-bc6e-20cc8f299d9b","keyframes":{"transform":["translate3d(0px, 149.62605%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d33b8650-abd3-40f1-9b88-74837327a0d1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1d60a1c6-5fb1-4f60-bfa8-962604e48685","keyframes":{"transform":["translate3d(115.15151%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dcc6d79a-7c6a-487b-b767-906db5ba5599","keyframes":{"transform":["translate3d(139.02439%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fc0b5e43-fc4f-4a06-b321-099ef4a7c529","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1d4528c7-d44a-4d74-855a-fce13bc95b97","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Ather Energy

[{"selector":"#anim-151afb4a-fcde-435a-9519-f52eb3dd08e6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1fb72735-60dc-4162-b834-4e93c89660c3","keyframes":{"transform":["translate3d(-108.54701%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-95213ec5-f3b2-4a12-9b52-991a73c0a544","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-693d8493-4c4c-4e5d-bb16-cad9d0d59329","keyframes":{"transform":["translate3d(0px, 149.62605%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c4aee193-c7d3-405c-b196-25036ae6913b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-58c161b0-9fd9-4d9a-98fc-6d3aec334311","keyframes":{"transform":["translate3d(115.15151%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5d2ea502-eb2b-49b5-9b60-2ef4bbaa7402","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1398173d-b0cb-4154-924f-3bb620b86fe6","keyframes":{"transform":["translate3d(112.42604%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Hero Electric

[{"selector":"#anim-f5f23aa6-b542-4eac-984e-50fbed2ecf1d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4e31e0b9-7e9a-44db-bbd3-3ba321765aaa","keyframes":{"transform":["translate3d(-108.54701%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-995fa0da-60a5-45ed-9143-70d2ad832743","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3ddaa345-9f7e-4e97-ada8-963465214fc1","keyframes":{"transform":["translate3d(0px, 149.62605%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-94e6c464-df1b-4bac-beb6-f2d6923fd4ad","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3f5d5ffa-3e9e-4257-a33b-1d1be396199e","keyframes":{"transform":["translate3d(115.15151%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d9d9f109-b6f4-4184-91f3-9c2683829205","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9a3e0e9f-3d24-4aa1-88f5-a08f5fccc08c","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Okinawa

[{"selector":"#anim-1f7fb37f-99f3-4b2d-a37a-2d3104e987b8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-75a5326b-4da3-4cc2-af90-1b3bf1c2b0d8","keyframes":{"transform":["translate3d(-108.54701%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2e7a81af-ffa3-4e58-8663-0a7c3fceeaa9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-449546f6-9d6f-4b75-a25f-417668fbb607","keyframes":{"transform":["translate3d(0px, 149.62605%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9c7d3238-54a6-4ea9-b74a-730db03abb70","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b0dc153-57b9-4ee8-aace-d9122a75a0a9","keyframes":{"transform":["translate3d(115.15151%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dc84ceb6-4c53-4dc3-9aa6-f2143dfebda6","keyframes":{"transform":["translate3d(110.30302%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c5e0a70e-aff6-4fa6-9f9f-ba7ffc724293","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-61375074-f4d2-442f-993b-58ee51edd5fb","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Looking ahead to 2023, it will be interesting to see how these factors and others will shape the future of the E2W market in India.

[{"selector":"#anim-d557ceed-555b-4412-9dc8-1846264ee04b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a3b453de-3a94-4960-8f25-97af577eb359","keyframes":{"transform":["translate3d(99.76470%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-abdd18e6-c34f-4c76-9422-929dabac8933","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-263d5cff-7b03-4ab7-921c-824d41bf0183","keyframes":{"transform":["translate3d(0px, -162.48853%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b059029c-c877-4e93-9c41-674c258a0e77","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0e78a04a-0413-4fa5-ae7e-d9880c66ef62","keyframes":{"transform":["translate3d(0px, -201.74603%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

In 2022, electric vehicles registered a growth of 208 percent year-on-year growth as compared to 2021.

Ola

December 2022 17,383 units Sales in January 2023 18,270 units

Electric Two-Wheeler

TVS Motors

December 2022 8,720 units Sales in January 2023 10,378 units

Electric Two-Wheeler

Ather Energy

December 2022 7,689 units Sales in January 2023 9,187 units

Electric Two-Wheeler

Hero Electric

December 2022 8,096 units Sales in January 2023 6,457 units

Electric Two-Wheeler

Okinawa

December 2022 :- 5,280 units Sales in January 2023 :- 4,453 units

Electric Two-Wheeler

Looking ahead to 2023, it will be interesting to see how these factors and others will shape the future of the E2W market in India.

Conclusion