India’s electric 2-wheeler registrations zoom 148% in May
The electric 2-wheeler high-speed scooter registrations in May 2023 surged 148% year on year and 57% month-on-month to 1,04,771 units while overall e-2W grew 11% YoY and 21% MoM, primarily on account of pre-buying before price rise from 1st June.
EV 2W penetration for May 2023 stood at 7.0% vs 5.4% in April 2023.
Ola Electric retained its top spot with the highest registrations at 28,438 units in May 2023; commanding 27.1% market share, followed by TVS Motors at 19.3%, Ather Energy at 14.6%, Bajaj Auto at 9.5% and Ampere at 9.2%, according to Elara Capital report.
