Ola Electric Mobility Ltd., India’s leading electric two-wheeler maker, is about to launch its initial public offering (IPO) of ₹6,146 crore. Let’s look at the top 5 electric two-wheeler makers in the country.
According to the data for FY 2023-24, Ola Electric sold more than 3.26 lakh electric scooters and is an industry leader with a 35% market share. Ola offers multiple variants in its e-scooter range, including Ola S1 Pro, Ola S1 Air and Ola S1X.
Taking the second position with a 19% market share, TVS sold more than 1.82 lakh units of its iQube electric scooters in FY 2023-24.
With a 12% market share, Ather sold more than 10.8 lakh e-scooters and established itself in the top 3 EV sellers in the market. Its e-scooter range includes Ather Rizta or Ather 450S.
Coming fourth and competing well within the market, Bajaj sold nearly 10.7 lakh Chetak e-scooters in FY 2023-24 and occupied 11% share in the market.
Taking the 5th position, Ampere sold more than 55,000 e-scooters and holds a 6% share in the market. Its e-scooters include the Nexus, Primus and Magnus.