More electric two-wheelers sold in H1 2021 than all of 2020
An analysis by our sister publication Autocar Professional of the 11 leading electric two-wheeler makers in India reveals that more units were sold in the first six months of 2021 than in all of 2020.
- 29,288 units were sold in the first six months of 2021
- In contrast, last year saw sales of 25,598 units
- Hero Electric remains India’s no. 1 manufacturerin this segment
Like the rest of the auto industry, the high-speed electric two-wheeler industry in India struggled through all of 2020 and clocked sales of around 25,598 units (-5.97 percent YoY) in the pandemic-impacted year. However, since then this segment has started to emerge stronger, and despite the second wave of Covid-19 weighing heavy on the automotive industry,29,288 units were sold in the first six months of 2021.
Hero Electric remains India’s No. 1 e-manufacturer
In terms of company-wise sales, Hero Electric has sold around 11,432 units since the start of the year till July 7, clocking 41 percent year-on-year growth over CY2020 and translating into an average of 1,633 units a month. Hero was the market leader in CY2020 with sales of 8,111 units.
Next in line is Okinawa Autotech with 5,903 units (average monthly sales of 843 units), followed by Ampere Vehicles with 3,899 units (average 557 units a month). These three manufacturerscontinue to occupy 70 percent of the market amongst themselves.
