Ola Electrical is one such firm that just lately suffered quite a bit because of its EV fireplace incidents however surprisingly Ola Electrical has overtaken Hero Electrical and reached the primary place in gross sales.
The corporate began its journey in December 2021 and has overtaken Hero Electrical to succeed in the highest of the Indian electrical two-wheeler market in simply 5 months’ time.
In keeping with the info of the Vahan Portal of the Ministry of Street Transport and Highways, the corporate offered 12,683 items of electrical scooters within the month of April and registered a development of 39 m-o-m. with 10,000 e-scooters offered in March 2022 this yr, Okinawa Autotech backed second place within the listing.
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However, we are able to see that Hero Electrical has registered a 50% drop in gross sales within the month of April. Hero Electrical offered 13,000 electrical scooters in March 2022, making Hero Electrical the primary available in the market, however in April, the quantity dropped to 6570 items.
One of many causes for this decline in gross sales is the scarcity of semiconductors, which finally impacts the general gross sales of the corporate within the month of April. An identical decline is more likely to proceed in Might and the semiconductor disaster is hurting the car provide chain.