Chennai: It’s a festive price that has persisted well past the pageant season. Electric two-wheeler gross sales have jumped fourfold in October-November with the newest Vahan knowledge, appearing a mixed gross sales of over 1,53,000 devices in comparison to just below 43,000 devices within the year-ago duration. E-two-wheeler gross sales in November this yr have been 76,150 devices, up from 23,099 devices in November 2021.
In October this yr, e-two-wheeler gross sales hit 77,000 devices, up from 19,702 devices in October 2021. That brings the mixed April-November tally to 4.3 lakh devices. The EV marketplace expects this pickup to proceed all the way through December and all of the method into 2023 with height gamers saying manufacturing ramp-up to stick forward of the top-gear call for.
Ola Electric Mobility CFO Arun Kumar GR mentioned, “We are in the process of ramping up our two-wheeler production from 1,000 units/day to 3,000 units/ day by March 2023. By end-2023, we will be in the region of 2-2.5 million units per annum capacity.”
The corporate could also be running on its cellular plant, the ground-breaking rite for which is due in a “week or so”. The four-wheeler plant may have ground-breaking in early 2023, he added. E-two-wheelers, he mentioned, will proceed their dream run as a result of “there is a lot of pent-up demand in the two-wheeler market in H2”.
Ditto for Ather, which clocked 7,200 devices in November and eight,200 devices in October. Ather Energy leader industry officer Ravneet S Phokela mentioned, “We continue to see sustained demand for electric scooters in the past few months. In anticipation of a strong consumer demand, we recently opened our second manufacturing facility in Hosur and we are confident that this facility will play a critical role in our next phase of growth.” TVS has additionally noticed a pointy building up in its iQube gross sales in November at 7,754 devices.
Industry insiders say this may smartly be the inflection level for the EV business. JS4Wheel Motor MD Nikunj Sanghi mentioned, “The demand is being driven by the realization that the running cost of e-two-wheelers are 30% less than petrol vehicles. So, the economics make sense, particularly for the entry-level segment.” This, even if the tip gamers within the e-two-wheeler marketplace are nonetheless taking part in within the Rs 1 lakh-plus worth band with Ola lately launching its Rs 80,000 product S1 Air to seize the abdominal of two-wheeler marketplace.
In October this yr, e-two-wheeler gross sales hit 77,000 devices, up from 19,702 devices in October 2021. That brings the mixed April-November tally to 4.3 lakh devices. The EV marketplace expects this pickup to proceed all the way through December and all of the method into 2023 with height gamers saying manufacturing ramp-up to stick forward of the top-gear call for.
Ola Electric Mobility CFO Arun Kumar GR mentioned, “We are in the process of ramping up our two-wheeler production from 1,000 units/day to 3,000 units/ day by March 2023. By end-2023, we will be in the region of 2-2.5 million units per annum capacity.”
The corporate could also be running on its cellular plant, the ground-breaking rite for which is due in a “week or so”. The four-wheeler plant may have ground-breaking in early 2023, he added. E-two-wheelers, he mentioned, will proceed their dream run as a result of “there is a lot of pent-up demand in the two-wheeler market in H2”.
Ditto for Ather, which clocked 7,200 devices in November and eight,200 devices in October. Ather Energy leader industry officer Ravneet S Phokela mentioned, “We continue to see sustained demand for electric scooters in the past few months. In anticipation of a strong consumer demand, we recently opened our second manufacturing facility in Hosur and we are confident that this facility will play a critical role in our next phase of growth.” TVS has additionally noticed a pointy building up in its iQube gross sales in November at 7,754 devices.
Industry insiders say this may smartly be the inflection level for the EV business. JS4Wheel Motor MD Nikunj Sanghi mentioned, “The demand is being driven by the realization that the running cost of e-two-wheelers are 30% less than petrol vehicles. So, the economics make sense, particularly for the entry-level segment.” This, even if the tip gamers within the e-two-wheeler marketplace are nonetheless taking part in within the Rs 1 lakh-plus worth band with Ola lately launching its Rs 80,000 product S1 Air to seize the abdominal of two-wheeler marketplace.