During the month of March, electric vehicle sales experienced an impressive surge. In all sectors of the economy, this can be seen in the sales figures. Year after year, month after month, like a unicorn, EV segments grow after a while. And every time it grows, it becomes a more and more interesting, fierce competition between the most innovative works of top companies. We have seen some newcomers join the Top Players list, but we had to say goodbye to a few players.
However, at these new tipping points in the EV segment, several major electric two-wheeler manufacturers are taking more precise steps to secure their positions than before. They bring the latest models and creative ideas to their customers, making them the number one or top ten EV manufacturers. This report presents the top 10 electric two-wheeler players in March 2023, along with their sales and growth rates.
It shows a staggering figure of 83,860 electric two-wheelers sold in March 2023, compared to 65,623 electric two-wheelers sold in February 2023. This gives us a 21.74% growth rate.
Considering March 2022 sales, that number is around 54,398, representing 35% year-over-year growth. The steady growth of the electric two-wheeler industry is encouraging.
Let’s take a closer look at the top 10 players who made it to the top of the leaderboard. From market leaders to newcomers, these players are experiencing impressive growth in the dynamic world of electric two-wheelers.
Here are the top ten electric two-wheelers sold in March 2023
|
Electric Scooter |
Sales of E-scooters in March 2023 |
|
Ola Electric |
27000 |
|
TVS Motor |
16454 |
|
Ather Energy |
11993 |
|
Ampere Vehicles |
8844 |
|
Hero Electric |
6640 |
|
Okinawa Auto Tech |
4201 |
| Chetak Technology |
2319 |
|
Bajaj Auto |
2136 |
|
Okaya EV |
1720 |
| Kinetic Green |
1591 |
As usual, Ola Electric has strengthened its position even more than before. They hit record sales in March 2023. The company sold 27,000 electric scooters in March 2023.
Commenting on this milestone, Ola Electric Founder and CEO Bhavish Aggarwal said: “At Ola, we are determined to prioritize scale, speed and uncompromising quality standards, all of which contribute to our continued market leadership. Having successfully brought electric vehicles into the mainstream last year, the next few years will bring the electric vehicle revolution to the human level. In this revolution, Ola will be at the forefront and leading this paradigm shift.”
It should also be noted that there were other major players in the two-wheeler segment, such as:
BGauss 
Revolt
iVOOMi Energy
Pure EV
While it’s exciting to see the growth of electric two-wheelers, it’s imperative to remember that we still have a long way to go before we have a fully sustainable transportation system. As individuals and as a society, we must continue to reduce our carbon footprint and promote sustainable practices.
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