Electric two-wheeler sales surge 300%, breach 600,000-mark in 2022

506,000 two-wheelers sold in first nine months of FY23

The electric two-wheeler (E2W) market crossed the 600,000 sales target (of units) and achieved a market penetration of 4 per cent in Calendar 2022 (CY22), reveals VAHAN data.
 
According to VAHAN, 624,192 two-wheeler units were registered in the country, up a staggering 300 per cent over 2021, when only 153,523 units were registered; electric vehicle (EV) penetration was just 1 per cent.
 
The sales target of half a million (or 500,000) was achieved on the back of high sales from Ola Electric, Okinawa Scooters, Hero Electric, and Ampere EV by Greaves, which sold more than 65,000 units apiece