Team Blitz India
OLA Electric saw its market share expand to more than 50 per cent in April, selling 33,934 electric two-wheelers, despite a broader 52 per cent slump in overall electric vehicle (EV) two-wheeler sales to 64,013 units from the preceding month, according to Vahan website data as of May 1.
The overall decline in sales is mainly due to April being a seasonally slow sales period coupled with demand tapering down post-festive season, industry sources told Moneycontrol. EV two-wheeler sales during April 2023 were at 64,855 units.
Industry experts attribute the lower sales to issues around subsidies being blocked by the Ministry of Heavy Industries (MHI) since last year. Also, Vahan only records the total number of sales registered and not the bookings. It also does not take into account low-speed electric two-wheeler sales and excludes the data for Lakshadweep, Madhya Pradesh and Telangana.
India witnessed record electric twowheeler sales in March, exceeding 136,000 units, marking a 50 per cent increase from a year earlier
