TVS iQube

The photo shows the front headlamp of the TVS iQube with DRL.

Sales of electric vehicles are gaining momentum in the Indian market, and to meet this trend, some two-wheeler manufacturers are working on new variants and models to meet growing demand in this segment. TVS Motor Company previously updated its iQube electric scooter with extra range, new features and aesthetic updates, however Bajaj Auto is yet to announce a notable update to its battery powered Chetak scooter, which is one of the oldest players in an electric scooter. Both scooters have had healthy competition in terms of monthly sales in the past, however, with the launch of the new iQube EV updated annually, it seems TVS has gained an edge in terms of sales trends seen over the past few months.

September 2022 sales:

TVS Motor Company managed to sell 3,940 iQube scooters last month, compared with 2,593 Chetak EVs sold by Bajaj Auto. The numbers only reflect that the demand for the iQube scooter is significantly higher compared to the Chetak. That being said, while TVS ranked 6th in terms of sales in September 2022, Bajaj Auto was ranked another 8th on the list, which is at the top of the list of electric vehicle manufacturers such as Ola Electric in the lead position ( 6,649 units), Okinawa in second place with 8,280 sales and Hero Electric, which now dropped to third position, selling a slightly lower retail sale of 8,019 units.
Ola Electric managed to beat electric vehicle sales in September
Ola Electric reached its EV sales peak in September 2022.

Meanwhile, the electric two-wheeler segment is expected to continue to grow with the introduction of new models and variants from time to time. It is said that even Ola Electric will introduce a new and cheaper electric scooter in the next few days. The upcoming Ola Electric scooter will be a cheaper version of the S1 scooter that will appeal to a larger group of first-time EV buyers at a very competitive price.



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