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Electric Bike sales continue to rise in the Indian Market

In September, sales of electric two-wheelers reached a record high thanks to new product introductions, expanded production capacity, longer vehicle range, and holiday demand.

Up to 15% of the nationwide scooters sold in retail last month were electric. Electric cars make up 5% of the two-wheeler market if the other sectors are considered.

Amitabh Kant, a former CEO of NITI Aayog, predicts that electric vehicles will dominate the two-wheeler market in the following four years. According to him, the government is expanding tax breaks and subsidies to hasten this environmental transformation. 51,586 electric two-wheelers were registered in September, according to data from the government’s Vahan portal, making up 5.05% of the two-wheelers sold during the month.

Since May, retail sales of electric two-wheelers have steadily increased monthly.

According to Vahan data, total registrations through the first nine months of 2022 have reached 388,000 units, which is already 2.7 times more than the total for all of 2021. Higher gas prices and more EV availability from established two-wheeler manufacturers encourage consumer adoption.

In states with higher per-capita GDP, electric two-wheeler adoption has been greater. 69% of high-speed electric two-wheeler sales last month were in Maharashtra, Karnataka, Tamil Nadu, Rajasthan, Gujarat, and Delhi.

State-level subsidies, which average around 5,000 per Kwh, play a significant role in promoting the adoption of electric vehicles. This is most likely the cause of Delhi’s 8% share in sales of electric two-wheelers.

According to Manish Raj Singhania, president of the Federation of Automotive Dealers Association of India, the EV market has generated a lot of excitement across industries, bringing in a completely new group of consumers.

“The segment is growing at a steady pace, and we expect it to gain a larger industry share rapidly over time, especially in the three- and two-wheeler categories,” he said.

Electric Scooters In India
UP to become an auto hub, EVs will be exported abroad: CM Yogi

Chief Minister Yogi Adityanath’s administration has stated that it will turn western and central Uttar Pradesh into a hub for the auto and electric vehicle sectors and their supporting elements as well as their supporting elements in order to increase the state’s economy to USD 1 trillion.


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India's EV revolution could bear fruit by 2030, survey shows

According to a private consumer expectations poll conducted on Monday, almost 66% of Indians believe that by 2030, electric vehicles will outnumber petrol and diesel automobiles.

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More individuals predict that EVs will outnumber diesel and petrol automobiles by 2030: report

In India, electric car adoption appears to have a promising future. In a study of more than 1000 people, 57% of Indian customers said they would invest in electric vehicles (EVs) because of their practical benefits, while 56% said they would do so because EVs are environmentally friendly. These are some of the key conclusions of the most recent report released by the survey firm YouGov India and the tech-first insurance company Acko.

1018 respondents from NCCS A and B households between the ages of 28 and 40 who either had an electric vehicle or planned to purchase one in the following year were polled for the study.