Electric Two-Wheeler Sales Increasing in India

Electric vehicle sales have increased in the last few years. Sales of electric two-wheelers are growing rapidly. The share of this segment in total two-wheeler sales is estimated to reach around 13 percent by 2026-27. In the last financial year, this figure was around five percent.

A media Report Quoting a report by investment banking firm Jefferies, it has been said that about four years ago, the share of electric two-wheelers in the total sales of two-wheelers was only 0.4 percent. At the beginning of last year, it had increased to 5.4 percent. The main reasons behind this were the increase in subsidy and new launches. However, this report states that due to the reduction in incentives, this share has remained in the range of four to seven percent in the last 24 months. Electric two-wheeler companies have also reduced the prices of their products. Ola Electric ranks first in this segment.

In the first quarter of the current financial year, the company’s share had increased to about 49 percent. However, Jefferies report states that last month Ola Electric’s share has decreased and it fell to 31 percent. Last month, the company launched its first electric motorcycle Roadster on the occasion of Independence Day. Roadster, Roadster Pro and Roadster X have been introduced in Ola Electric’s electric motorcycle series.

The price of Roadster X is Rs 74,999 for a 2.5 kWh battery pack. It can reach a speed of 0-40 km/h in about 2.8 seconds. Its top speed is around 124 km/h. Ola Electric has claimed its range to be around 200 km on a single charge. It has a 4.3-inch touchscreen. Booking has started for this. Its delivery will be done early next year. The price of the 2.5 kWh battery pack variant of the Roadster of this motorcycle series is Rs 1,04,999, Rs 1,19,999 for 4.5 kWh and Rs 1,39,999 for 6 kWh variant. It can reach a speed of 0-40 km/h in 2.2 seconds. Its range on a single charge is claimed to be around 579 km. Recently, the Union Cabinet approved a scheme to promote EV in the country. The scheme will cost around Rs 10,900 crore over two years.