Until recently, the speed of electric two-wheelers, which were flying to success, has now stopped.
Until recently, the speed of electric two-wheelers, which were flying to success, has now stopped. According to the data available on the Vahan portal, the sales of electric two-wheelers, which accounted for 4.1 per cent of the total two-wheelers in April, declined to 3.2 per cent in May.
Until recently, electric two-wheelers were flying successfully (Electric Two Wheeler) The pace has now stopped. According to the data available on the Vahan portal, electric two-wheelers (E vehicles) Total two wheeler sales in April vehicles (Vehicle Sales) was 4.1 per cent, which came down to 3.2 per cent in May. Along with this, about 40,000 electric two-wheelers were sold in May, which is 20 percent less than in April. 49,166 vehicles were sold in April while 49,607 e-scooters were sold in March. as we know it. The main reason for the decline in sales is electric scooters (Electric Scooters) There are increasing incidents of fire in These incidents have created a negative sentiment among the people, whose loss is coming out in the form of sales.
Apart from this, there are many factors which have affected the sales. According to experts, apart from safety, supply chain issues are also one of the major reasons that have come in the way of electric two-wheelers.
Fear spread due to fire incidents in electric scooters
Experts say that the incidents of fire in electric scooters and issues related to quality have created a kind of fear among the buyers. However, there is no possibility of a prolonged slowdown in demand, but due to this, customers are definitely delaying the purchase. Customers are waiting for the government and companies to clear the situation on the new rules related to batteries. Supply chain problems are also affecting sales and registration. Due to the lockdown in China and the Russo-Ukraine war, the supply of essential components like batteries and chips has also worsened the matter.
Except for a few companies, sales of most of the companies decreased in May. The registration of vehicles of Ola Electric, which is among the top two manufacturers, fell by 28 percent. Similarly, the registration of TVS Motor has decreased by 69 percent, that of Hero Electric by 57 percent, of Okinawa by 16 percent and of Ampere by 11 percent. In the last financial year i.e. FY 2021-22, a total of 2,31,338 vehicles were sold in the country.
slowdown in sales
Let us understand the slowdown in sales in such a way that where Ola Electric sold 12,702 vehicles in April. At the same time, in May this number decreased by more than 30 percent to 8,681. Similarly, market leader Hero Electric sold around 6,500 (6,578) vehicles in April. At the same time, in May, this number came down to about 2,800 (2,739), that is, a huge decline of 58 percent was seen.
The market is growing at the right pace before the incidents of battery fire. Clean energy and low cost of driving were playing an important role in increasing the popularity of e-scooters. But security concerns have affected buyer sentiments. In such a situation, it is expected that with the problems related to safety and supply chain, electric two-wheelers will once again run at high speed.
(Story: Pranav Kumar)