E-scooter registrations in India fall after record rise; Ather registers its best month yet

According to auto analysts, the drop reflects the market’s early pent-up desire for such vehicles, which was manifested in large bookings. They claim that the figures will grow even more “realistic.” The major causes for the drop are believed to be electric scooters catching fire, chip shortages and supply difficulties, and low demand seasonality. Let’s take a look at how much each company has been affected.

EV sales in India 

Ola Electric has lost its number one position, which it had held since April, to Okinawa, based on registration numbers in May. The number of Ola EV registrations reached 8,704, a decrease of approximately 31 percent from April. Okinawa had 8,894 EV registrations, a 19 percent decrease from April. Meanwhile, the stock of Hero Electric continued to plummet. Bajaj Auto and TVS do not post their numbers individually on the VAHAN website, hence they are not included in the figures.

On the other hand, Ather saw an increase of 26 percent in May over the previous month. A report from rushlane reveals that the company has sold 3,787 units in May 2022 compared to 3,779 units in April 2022; a total of 8 units more were sold compared to last month. Ather has also beaten TVS with this number, as TVS iQube sales for May 2022 are reported at 2,637 units.

Ather Energy’s Chief Business Officer, Ravneet S. Phokela, said, “Ather delivered 3787 scooters to customers in the month of May’22. We achieved the highest ever monthly sales in May, which reiterates the strong faith that consumers have in our well-engineered, reliable and safe 450X and 450 Plus scooters. With the new round of funding, we are excited to have NIIF (National Investment and Infrastructure Fund) onboard along with Hero MotoCorp, who continue to make fresh investments in our business. The fresh round of funding will focus largely on expanding manufacturing facilities, investing in R&D, charging infrastructure, strengthening the supply chain, and growing the retail network.”

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