JUNE 2024 EV Sales Report : Top 6 EV Brands & Others| EVINDIA

Introduction to Electric Vehicles in India
The landscape of the Indian automotive industry is undergoing a transformative shift, led by the rapid adoption of Electric Vehicles (EVs). With concerns over environmental sustainability and rising fuel costs, EVs have emerged as a viable alternative for consumers and manufacturers alike. This shift is not just about technological advancement but also about reshaping the future of mobility in the country.
In recent years, several key players have emerged in the Indian EV market, each contributing uniquely to the growth and development of sustainable transportation solutions. Among these, Ola Electric Technologies Pvt Ltd, TVS Motor Company Ltd, Bajaj Auto Ltd, Ather Energy Pvt Ltd, Hero MotoCorp Ltd, and Greaves Electric Mobility Pvt Ltd stand out as the leaders in terms of sales numbers and market share.
Sales Report and Market Share Analysis
Ola Electric Technologies Pvt Ltd
Sales: 33,291 vehicles
Market Share: 45.16%
Ola Electric Technologies has quickly established itself as a frontrunner in the EV sector with its innovative approach to electric scooters. With a substantial market share, Ola Electric is not only meeting but also shaping consumer demand for eco-friendly urban mobility solutions.
TVS Motor Company Ltd
Sales: 12,911 vehicles
Market Share: 17.51%
TVS Motor Company, a stalwart in the Indian automotive industry, has successfully transitioned into the electric segment with a strong lineup of electric scooters and motorcycles. Its significant market share reflects its strategic positioning and consumer trust.
Bajaj Auto Ltd
Sales: 8,404 vehicles
Market Share: 11.40%
Bajaj Auto, known for its robust portfolio of two-wheelers, has embraced electric mobility with enthusiasm. Its sales numbers underscore its commitment to offering sustainable transportation options to a diverse consumer base.
Ather Energy Pvt Ltd
Sales: 5,843 vehicles
Market Share: 7.93%
Ather Energy has carved a niche for itself in the premium electric scooter segment with technologically advanced offerings. Its growing market share highlights the increasing popularity of high-performance EVs among urban commuters.
Hero MotoCorp Ltd
Sales: 2,810 vehicles
Market Share: 3.81%
Hero MotoCorp, a household name in the Indian motorcycle market, has made steady strides in the electric domain. Its recent ventures into electric motorcycles reflect its strategic diversification and adaptation to changing consumer preferences.
Greaves Electric Mobility Pvt Ltd
Sales: 2,703 vehicles
Market Share: 3.67%
Greaves Electric Mobility has emerged as a key player in the commercial electric vehicle sector, particularly with its focus on electric three-wheelers. Its market share underscores its role in promoting sustainable last-mile connectivity solutions.
Emerging Players in the EV Market
While the aforementioned brands dominate the EV landscape, newer entrants such as Revolt Intellicorp Pvt Ltd, Okinawa Autotech Pvt Ltd, and River Mobility Pvt Ltd are also making significant strides:
Revolt Intellicorp Pvt Ltd
Sales: 640 vehicles
Market Share: 0.87%
Revolt has disrupted the market with its innovative business model focused on electric motorcycles, catering to urban commuters seeking affordability and performance.
Okinawa Autotech Pvt Ltd
Sales: 384 vehicles
Market Share: 0.52%
Okinawa has established itself as a leading name in the electric scooter segment, offering a diverse range of models that appeal to a wide demographic of consumers.
River Mobility Pvt Ltd
Sales: 155 vehicles
Market Share: 0.21%
River Mobility is making inroads with its niche offerings in electric mobility solutions, targeting specific urban transportation needs with innovative design and technology.
Conclusion: The Future of EVs in India
The future of Electric Vehicles in India appears promising, driven by technological advancements, government incentives, and increasing environmental awareness among consumers. As major automotive players and new entrants continue to innovate and expand their electric vehicle portfolios, the market is poised for exponential growth. Key factors such as infrastructure development, battery technology advancements, and regulatory support will play crucial roles in shaping this evolving landscape.
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[@ShivaTejaV]

Tork motors ?

[@evindiaonline]

Will surely add that in our next month ev sales report

[@tecnozshawon1079]

The best scooter in 2024 (Electric or petrol any one) according to Looks , Range/Milage , value for money, Durability and Service ? Aap ko lena hota to kaunsa lete??

[@ramkidc]

Ampere is best newly launched nexus is solid performer

[@evindiaonline]

But it’s not yet contributing to the sales of Ampere. Let’s see if it can help ampere enter Top-5 once the registration for Nexus begins!

[@akshayjanagoud4175]

Ather baap hai