Ather Energy, Ola Electric see sharpest drop in July sales

NEW DELHI: Hero Electric has piped Okinawa Autotech, Ola Electric and Ather Energy in selling maximum number of EV two-wheelers in the month of July, with Ather Energy and Ola Electric suffering biggest drop as customers delay purchasing EVS amid batery fire incidents and government probes.

According to the latest VAHAN data, Ather Energy sold a mere 1,095 EV two-wheelers (till July 30) from 3,829 in June, registering the biggest drop among the EV manufacturers.

Thebhavishaggarwal-runolaelectricsold3,690 vehicles (till July 30), a significant drop from 5,891 vehicles in the month of June. The company has sold 45,698 vehicles to date this year. At its peak, before the fire episodes rocked the nation, Ola Electric had sold 12,705 EVS in April and 9,258 in May.

Hero Electric led the EV two-wheeler market in the country with registration of 8,474 vehicles, up from 6,504 in June. It has sold 52,559 vehicles this year, indicating an uptick in its vehicles.

Okinawawassecondwithselling7,717ev2-wheelers in July, up from 6,984 it sold in June. The company has so far sold 54,835 EVS this year (till July 30).

Ampere Vehicles Pvt Ltd which sold 6,542 vehicles in June saw a drop in July to 5,980 vehicles, with a total tally of 39,769 sold this year, according to the VAHAN data.

Last month, Ola Electric said they were prepared to see the impact of supply chain constraints, especially on cell shortage.

Union Road Transport and Highways Minister Nitin Gadkari last week told Parliament that all those EV two-wheelers companies have been served show-cause notices whose vehicles caught fire owing to batery issues.