Ola Electric Clinches 25% Share As 2-Wheeler EV Registrations Cross 85K

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Ola Electric leads the electric two-wheeler registration race in India with a 25% share, followed by TVS Motor, according to Vahan data. Registrations of electric two-wheelers in March rose almost 30% month-on-month to 85,683 units, after months of decline. Other Indian electric two-wheeler manufacturers that saw increased demand in March were Ampere Vehicles, Revolt, Hero Electric and Okinawa Autotech. Bengaluru-based Ather Energy saw vehicle registrations cross 10,000 for the first time. A recent report alleged that Ola Electric, Ather Energy, TVS Motor and Hero Motocorp’s Vida claimed FAME-II subsidies by artificially keeping vehicle prices lower. It’s important for electric vehicle manufacturers to comply with localisation norms to be eligible for FAME-II subsidies. We hope the ongoing probe against Jitendra EV, Ampere, Revolt, and others will bring out any violations and necessary actions will be taken to ensure compliance with the norms.

That’s great to hear! It seems like Revolt is gaining momentum in the electric motorcycle market. With the increase in registrations, they seem to be getting more traction among customers. It will be interesting to see how they continue to grow and compete in the market against other players. It is important for companies to comply with government regulations and not indulge in any fraudulent activities to claim subsidies. It remains to be seen what actions the government will take in response to these allegations. It is hoped that the government and the industry can work together to promote the growth of the EV market in India while ensuring that all players adhere to the rules and regulations in place.