Top 10 Electric Two-Wheeler Companies in India October 2024: Ola Leads, Bajaj and TVS Show Massive Growth
With the growing demand for electric two-wheelers in India, companies like Ola, TVS, and Bajaj continue to dominate the market. According to a recent report by Rushlane, Ola Electric secured the top position in October 2024, achieving a year-on-year growth of 74.33% with a total of 41,651 units sold. This is a significant increase from October 2023, when Ola sold 23,893 units. Here’s a detailed look at the top 10 electric two-wheeler companies by sales in October 2024.
1. Ola Electric – 41,651 Units Sold
Leading the market, Ola recorded impressive sales figures in October 2024 with 41,651 units sold, marking a 74.33% year-on-year growth. Ola’s expanding customer base and consistent innovation have made it a top choice among Indian consumers.
2. TVS – 29,915 Units Sold
TVS Electric captured the second spot with 29,915 units sold, showing an 81% increase in annual growth. TVS’s commitment to affordable and reliable electric vehicles has boosted its market position significantly.
3. Bajaj – 28,232 Units Sold
Bajaj, with a remarkable year-on-year growth of 211.27%, sold 28,232 units in October 2024. Bajaj’s massive sales boost highlights its strong entry into the electric two-wheeler segment, appealing to both urban and rural markets.
4. Ather – 15,993 Units Sold
Ather held fourth place with 15,993 units sold, reflecting an 88.51% year-on-year growth. Known for its advanced technology and high-performance electric scooters, Ather continues to strengthen its presence in the Indian market.
5. Hero Vida – 7,312 Units Sold
Hero Vida saw a phenomenal 277.49% year-on-year growth, selling 7,312 units in October 2024. The rising demand for Hero Vida underscores Hero’s success in blending affordability with sustainability in electric two-wheelers.
6. Greaves Ampere – 3,971 Units Sold
Greaves Ampere ranked sixth with 3,971 units sold. However, it faced a minor dip with a 4.85% decrease in sales compared to last year. Despite this, Ampere remains a reliable option for eco-conscious consumers.
7. BGauss – 2,021 Units Sold
BGauss achieved a 72.59% year-on-year growth, selling 2,021 units in October 2024. With its focus on stylish and efficient models, BGauss continues to appeal to urban commuters looking for sustainable travel options.
8. Kinetic Green – 1,443 Units Sold
Kinetic Green experienced a remarkable growth of 266.24%, selling 1,443 units. This surge shows Kinetic Green’s growing appeal, especially in the budget-friendly electric scooter segment.
9. Bounce – 1,006 Units Sold
With 1,006 units sold, Bounce secured the ninth position on the list. Known for its battery-swapping solutions, Bounce caters to consumers looking for flexible electric mobility.
10. Revolt – 949 Units Sold
Rounding out the top 10, Revolt sold 949 units in October 2024. With its focus on powerful electric motorcycles, Revolt has built a niche fan base among bike enthusiasts looking for eco-friendly options.
These top electric two-wheeler companies in India reflect a rapidly expanding market, with consumers increasingly embracing green mobility. As demand for EVs continues to surge, these companies are leading the charge with innovative offerings.
