Electric two-wheeler market takes a few new turns every month, but recent sales reports have changed the whole environment. On one side, some brands’ sales went downhill, while TVS Motor made such a jump due to its powerful iQube that the entire EV segment was shaken. There is a constant change in the choice of EV buyers and which brand leads in such a situation.
This time TVS not only topped it, but it also overtook high-demand brands like Ola and Ather. So let’s see what company’s performance created a stir in the market.
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TVS iQube
Last month, TVS Motor added a total of 27,282 new customers. This figure is slightly better than its November 2024 sales of 27,007 units and demonstrates TVS’s steady growth in the EV market. The real leader was the TVS iQube, which has consistently earned customer trust with its reliable performance and excellent range.
The growing popularity of the iQube not only propelled TVS to the top position, but also proved that consistent quality is the key to longevity in the market.
Bajaj Chetak
Bajaj Auto, which ranked second in the cell, received 23,097 new customers last month. However, it declined by about 11.85% compared to 26,203 units in November 2024. Yet Bajaj rests on the strength of its Bajaj Chetak.
Chetak’s build quality and premium appeal keep it popular among customers, but last month’s decline indicates that competition is becoming more difficult.
Ather
Ather Energy performed the most impressive this time. The company received 18,356 new customers last month, compared to just 12,760 in November 2024. That means a bumper growth of 43.85%!
The Ather’s 450 Series EV market holds space as a stylish, tech-loaded and modern option. Performance-oriented buyers still seem to trust Ather.
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Hero Vida
Hero Vida is also firmly in fourth place in this list. Vida received 10,579 new customers last month. The company has registered a spectacular lead of around 44.62% compared to 7315 units in November 2024. Vida’s unique design and Hero’s after-sales network advantage are making it included in the list of fast-growing EV companies.
Ola
This month proved to be quite challenging for Ola Electric. Last month, Ola received just 7567 new customers, while in November 2024 the company sold 29,204 units. That means a steep decline of about 74%. Nevertheless, Ola managed to save her place in the top-5. This is the effect of its brand value and large user base, which may be slightly stable over time.