High-Speed Electric Two-Wheeler Dispatch Statistics in India for 2020
The dispatches of high-speed electric two-wheelers in the Calendar Year 2020 was 25,735 units. The wholesales declined -5.4% YoY vs 27,224 units sold in Calendar Year 2019. This is according to the data compiled by the Society of Manufacturers of Electric Vehicles (SMEV).
We had already shared the Electric 2W Registration Statistics for the year 2020 here. We had highlighted that 27,260 electric two-wheelers were registered in India for the year 2020. And with sales of 8,252 units; Hero Electric commanded a Market Share of 30.3% in 2020.
Monthwise Electric Two-Wheeler dispatches for the calendar year 2020-
Hero Electric was the biggest OEM in terms of Electric Bike/Scooter dispatches for 2020. It was able to garner a Market Share of >31% last year. However; the sales declined -28.17% YoY
Okinawa Electric ranked second in the list and was able to dispatch over 5.5k Electric Two-Wheelers in 2020. It ended the year with a Market Share of 21.74% and recorded one of the highest YoY decline in sales (-50.46%).
Ampere Electric, the electric mobility subsidiary of Greaves Cotton stood third in the ranking table and the OEM dispatched over 4.4k electric two-wheelers in 2020. Do note that Ampere sales shot up 269% YoY. The strong sales was backed by rapid network expansion and the OEM was able to add 80 dealership outlets post lockdown and has >300 outlets in India now!
Hero Motocorp backed Ather Energy was able to register a double-digit Market Share in 2020 and sold near to 3k scooters last year. The start-up dispatched around 2,972 e-scooters, compared to around 2,290 units in CY2019. The company currently sells only one Ather 450X in India and is seeing increasing demand with channel expansion.
Rahul Sharma’s (Micromaxx) Revolt Intellicorp has had a solid start and sold over 2k electric two-wheelers in its second year. It also garnered a Market Share of 8.03% in 2020.
Biggies like Bajaj Chetak & TVS iQube weren’t able to make a big impact in 2020 due to the pandemic and supply concerns.
The Electric Two-Wheeler Industry is at an inflection point right now and a lot of OEMs are pushing themselves to be part of this disruption. While Ola Electric is preparing itself to manufacture 2 million e-scooters from its 'Future Factory', Ampere Electric is investing ₹700 crore in Ranipet facility to manufacture 1,00,000 units in its first year of operation. However; the high acquisition cost and range anxiety are the biggest deterrents right now.
Data Source: Autocarpro