In a significant surge for the electric scooter market, a Bangalore-based company has reported the sale of an impressive 7,858 units of electric scooters in the past month alone. This surge in sales can be attributed to several factors, including innovative financing options and a growing demand for sustainable transportation. In this article, we’ll explore the remarkable growth in electric scooter sales and how the company is making it easier for customers to embrace eco-friendly mobility.
Electrifying Sales Growth
The electric scooter industry in India is experiencing a transformative period, with more and more consumers opting for sustainable mobility solutions. One of the key players in this burgeoning market, the Bangalore-based company, has achieved a remarkable milestone by selling 7,858 electric scooters last month.
Ola Electric’s Success
While this company has made waves in the electric scooter market, it’s worth mentioning that Ola Electric, another prominent player, has also experienced substantial growth. During the same period, Ola Electric sold more than 15,000 electric scooters, solidifying its position as a top contender in the industry.
Continuous Sales Improvement
The remarkable growth in electric scooter sales isn’t a one-time occurrence. There has been a consistent improvement in sales figures, indicating a growing awareness and acceptance of electric scooters among Indian consumers. This trend bodes well for the future of sustainable mobility in the country.
Ather Energy’s Impressive Sales
Ather Energy, a pioneer in electric scooters, reported a significant increase in sales. In August 2022, they sold 6,410 units, and this figure jumped to 7,858 units in August 2023, marking a substantial 25.77% increase in sales. However, it’s worth noting that in May 2023, Ather Energy achieved exceptional sales numbers, selling 15,256 units, largely due to the launch of a new subsidy policy by the Indian government.
Making Electric Scooters Accessible
Ather Energy is committed to making electric scooters more accessible to a wider audience. To achieve this goal, they have introduced innovative financing plans. Customers now have the option to purchase Ather electric scooters without any down payment and can pay in easy monthly installments spread over an extended period of up to 60 months.
Steady Monthly Growth
The growth in electric scooter sales isn’t limited to annual figures. Monthly sales have also witnessed a steady increase, with a growth rate of 2.6%. This highlights the consistent demand for electric scooters and suggests a promising future for sustainable urban commuting.
Government Subsidy Impact
It’s important to acknowledge that changes in government subsidy rates have had a significant impact on electric scooter sales. The initial decrease in sales, including Ather Energy’s figures, can be attributed to these changes. However, the subsequent adaptation to the new subsidy policy has led to a resurgence in demand.
Ather 450X: A Game-Changer
One of Ather Energy’s flagship models, the Ather 450X, is a game-changer in the electric scooter market. It features a 2.9 kWh battery pack that can provide an impressive range of up to 115 km when fully charged, making it a practical choice for urban commuters.
Bangalore-based company’s impressive sales figures, along with the growth in electric scooter sales by Ola Electric and Ather Energy, signify a promising future for eco-friendly transportation in India. With innovative financing options and a commitment to affordability, Ather Energy is paving the way for more consumers to embrace electric scooters and contribute to a greener future.
Summery :
– There has been a continuous improvement in the sales of electric scooters.
– Ather Energy reported an increase in sales, selling 6,410 units in August 2022 and 7,858 units in August 2023, representing a 25.77% increase.
– Monthly sales have also seen a growth of 2.6%.
– The change in subsidy rates by the Indian government had initially caused a decrease in electric scooter sales, affecting Ather as well.
– However, with the launch of a new subsidy policy in June 2023, Ather sold 15,256 units in May 2023, which was significantly higher.
– Ather Energy is working on offering affordable electric scooters and providing finance plans to make them more accessible.
– Customers can purchase Ather electric scooters without any down payment and pay in easy monthly installments for up to 60 months.
– A senior official from the company expects sales to increase in September, with production being scaled up to meet customer demands.
– The Ather 450X model offers a 2.9kwh battery pack that can provide a range of up to 115km when fully charged.
– Ola Electric has also experienced a growth in sales, selling more than 15,000 electric scooters during this time period.
– Ola Electric remains a top player in the electric scooter market.
