Electric Two-Wheeler Sales in India: January 2025 Overview
In recent years, the electric two-wheeler market in India has steadily been on the rise. As Indian consumers become more environmentally conscious and governments promote the use of electric vehicles, sales figures continue to show positive growth. In January 2025, electric two-wheeler sales reached an impressive total of 97,734 units, marking a significant 19% increase compared to the same month in the previous year.
Key Highlights of January 2025 Sales
- Total Sales: 97,734 units sold
- Year-Over-Year Growth: 18.97%
- Leading Manufacturer: Ola Electric, despite a decline in sales
Manufacturer Performance Breakdown
The competition among electric two-wheeler manufacturers remains fierce, with several brands reporting strong sales figures. Here’s a more detailed breakdown of the performances of notable manufacturers in January 2025:
| S. No. | Manufacturer | Units Sold | YOY Growth | Units Sold in January 2024 |
|---|---|---|---|---|
| 1 | Ola Electric | 24,335 | -24.94% | 32,424 |
| 2 | TVS Motor Company | 23,809 | 55.03% | 15,358 |
| 3 | Bajaj Auto | 21,310 | 95.67% | 10,891 |
| 4 | Ather Energy | 12,906 | 37.59% | 9,380 |
| 5 | Greaves Electric | 3,611 | 53.14% | 2,358 |
| 6 | Pur Energy | 1,650 | 166.13% | 620 |
| 7 | Hero MotoCorp | 1,615 | 8.03% | 1,495 |
| 8 | BGAUSS Auto | 1,452 | -2.35% | 1,487 |
| 9 | Revolt | 1,060 | 98.87% | 533 |
| 10 | Kinetic Green | 806 | -1.71% | 820 |
| 11 | River | 599 | 1293.02% | 43 |
| 12 | Bounce Electric | 560 | 95.80% | 286 |
| 13 | Others | 4,020 | -37.71% | 6,454 |
| Total | 97,734 | 18.97% | 82,149 |
Detailed Insights
Ola Electric
Ola Electric maintained the top position in terms of sales but saw a notable decline of nearly 25% compared to January 2024. They sold 24,335 units, down from 32,424 units the previous year. This decline raises questions about consumer preference and competition.
TVS Motor Company
In contrast, TVS Motor Company exhibited outstanding growth, with sales increasing by over 55%. They sold 23,809 units this January compared to 15,358 units last year, showing a robust demand for their electric offerings.
Bajaj Auto
Bajaj Auto showed remarkable improvement with a 95.67% increase in sales, capturing the third spot with 21,310 units. This growth positions Bajaj Auto as one of the fastest-growing brands in the electric two-wheeler market.
Ather Energy
Ather Energy also posted impressive numbers, selling 12,906 units, which equated to a 37.59% increase from the previous year. Their consistent growth reflects their strong brand loyalty and innovative electric models.
Emerging Players: Pur Energy and River
New players like Pur Energy and River have outperformed many established brands. Pur Energy’s sales skyrocketed by 166.13%, while River recorded a staggering 1293.02% growth. Their performance suggests that the market for electric vehicles is becoming more diverse, with newer manufacturers gaining traction.
Revolt and Bounce Electric
Revolt and Bounce Electric also showed significant growth, with Revolt’s sales reaching 1,060 units (up by nearly 99%) and Bounce Electric recording an impressive 95.80% increase, selling 560 units. This growth indicates a positive shift in consumer interest towards newer brands and technologies.
Conclusion
The electric two-wheeler segment in India is witnessing healthy growth trends as of January 2025, with total sales reflecting a promising future. Despite a decline in sales for Ola Electric, most manufacturers achieved impressive gains year over year. Companies like TVS and Bajaj Auto have made significant strides, while emerging brands like Pur Energy and River are reshaping the market landscape.
With the environment becoming a crucial selling point and consumers increasingly leaning toward sustainable options, it is likely that the electric two-wheeler market will continue its upward trajectory in the coming months. Manufacturers will need to adapt and innovate to keep pace with changing consumer preferences and maintain their market positions.
As the electric two-wheeler industry evolves, consumers can expect new models, enhancements in technology, and better services in the near future. The growth statistics from January paint an optimistic picture, indicating that the transition to electric mobility is gaining momentum in India.
