New Delhi: The retail gross sales figures for India’s electrical two-wheeler sector for June 2023 are 45,734 models as per Vahan.
Following the trade’s best-ever efficiency in Might 2023 (105,338 models), which was as a result of a purchaser rush within the ultimate week of Might to benefit from the 40% FAME subsidy earlier than it was decreased to fifteen% on June 1, June’s 45,734 models characterize a 56.58% month-on-month fall.
Retail gross sales in June 2023 have declined to ranges seen in June 2022 (44,380 models). Electrical two-wheeler retail gross sales in India surpassed 50,000 models for the primary time in August 2022 (52,225 models) and surpassed 75,000 models within the festive month of October 2022 (77,250 models). This report was damaged within the fiscal yr ending March 2023 (86,283 models).
The highest eight e-two-wheeler OEMs proceed to dominate the competitors, accounting for 39,637 models or 86.66% of whole gross sales in June. And so they, too, have felt the warmth from decrease gross sales because of the decreased FAME subsidy.
Ola Electrical, which maintains the market chief by a large margin (38% share), offered 17,552 models, a 39% lower from the earlier month (Might 2023: 28,629 models).
TVS Motor Co maintains second place with 7,791 iQube e-scooters offered final month, a 62% lower from Might 2023’s 20,397 models. It’s adopted by Ather Power with 4,540 models (down 49% from 15,407 in Might 2023) and Bajaj Auto with 2,966 models (down 54% from 9,965 in Might 2023).
Regardless of a major drop in e-two-wheeler gross sales, general EV trade gross sales for all car lessons in June totaled 101,832 models, marking the ninth consecutive month that EV retails exceeded 100,000 models.