25.1 C
Delhi

Ather witnesses a 26% increase in registrations of e-scooter, Indian market drops by 24%

The Electric Vehicle market has been expanding very quickly in a short period of time globally, there are multiple auto manufacturers who are solely focusing on EV cars, and Asian markets like India are concentrating more on two-wheelers than four-wheelers.

As per a new report from Business Standard, that got access to data coming from India’s Ministry of Road Transport and Highways, only eight companies represent nearly 95% of the market and have registered 32,680 scooters in just May of 2022 alone.

Safety of vehicles is a major reason for the drop in sales of Ather’s EV:

y3tcBG3K Ather witnesses a 26% increase in registrations of e-scooter, Indian market drops by 24%

Going by the numbers, we see a staunch decline of 24% on a month-to-month basis in April, the companies had registered 43,098 e-scooters and as per the analysts, the drop is a result of the sudden increase in demand earlier for these vehicles.

The safety of these vehicles in light of recent events where EVs have been catching fire has led to customers being hesitant in purchasing them. Apart from this the ongoing chip shortage has led to a shortage in supply as well and the seasonal factor also plays a role.

- Advertisement -TechnoSports-Ad
Ather 768x432 1 Ather witnesses a 26% increase in registrations of e-scooter, Indian market drops by 24%

Ather is one of the first movers in this sector, it saw a 26% percent increase in EV registrations in May. As per Rushlane, the company sold 3,787 units in May 2022 which was an increase of 8 units in contrast to its sales last month.

Ola Electric, was the leading brand last month but lost its position to Ather. It recorded 8,704 registrations which was a 31% drop in contrast to last month. Okinawa on the other hand had 8,894 registration which is a 19% decrease from April. Bajaj Auto and TVS have not posted their individual numbers.

Also read:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sumedh Joshi
Sumedh Joshi
For promotions, launch articles, and reviews contact us at - [email protected]
TechnoSports-Ad

Popular

TechnoSports-Ad

Related Stories

More from author

JBL launched the PartyBox 710, 110, and Encore Essential speakers

JBL has launched three new speakers in India, the latest audible devices from the brand include the PartyBox 710, the PartyBox 110, and the...

Motorola will launch its new Edge Series on the 8th of September

Motorola has unveiled its Edge 2022 Series a while ago, these devices will be the first to feature MediaTek's Dimesnity 1050 chipset but it...

Google Pixel 7 and 7 Pro prototype models leaked in an exclusive hands-on video

Google teased its upcoming Pixel 7 Series a couple of months ago at its developers' conference, we only got to see snippets and a...

Google likely to support WearOS smartwatch backups to Google One

Google is attempting to improve the experience for Android devices as we see more and more WearOS devices being introduced into the market, the...