Electric Two-wheelers in India (2) Major start-ups

Overview of Ola Electric, Ather, Ampere, and other 6 companies

2024/09/20

Summary
Analysis of state-wise electric two-wheelers registration
Ola Electric Mobility Limited
Ather Energy
Ampere (Greaves Electric Mobility Private Limited: GEMPL)
Okinawa Autotech International Private Limited
BGauss Electric
Okaya EV Private Limited
Hero Electric
Kinetic Green
Batt:RE (Battre Electric Mobility Pvt Ltd)

Summary

The Indian electric two-wheeler market is largely led by newer companies. In recent years, established OEMs like Bajaj and TVS Motors have made significant advancements in sales of electric two-wheelers, but the top-selling brands are predominantly newer entrants.

These companies offer more technical advanced features for electric two-wheelers. With strong funding and partnerships, these companies are setting up production facilities and expanding their retail networks. However, in recent months, some of these companies have encountered challenges, including funding freezes and setbacks related to the FAME subsidy.

This report examines state-wise sales trends in the electric two-wheeler market and an overview of the business updates and status of major electric two-wheeler companies, including their plans.

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