India ICE vs EV sales | For top 2W and 3W OEMs in September 2024

In September 2024, the penetration of electric vehicles (EVs) in the two-wheeler market was 6.7%. For passenger three-wheeled L5 autos, it reached 25.2%, while cargo three-wheeled L5 autos saw a penetration of 22.2%. This article aims to showcase the part of EV sales for top-selling OEMs in the two-wheeler and three-wheeler categories.

Also Read: Overall EV sales in September 2024

Top 2W OEMs Sep 2024 | ICE and EV sales

Honda Motorcycle leads 2W sales with 333,803 units, all Internal Combustion Engine (ICE). Hero MotoCorp sold 271,340 units, with 4,308 EVs making up 1.6% of sales. TVS Motor reported 221,188 units, including 18,099 EVs, accounting for 8.2% of its sales. Bajaj Auto achieved 141,617 unit sales, with a notable 19,128 EVs, representing 13.5% of its sales in the month. Suzuki, Royal Enfield, and Yamaha focus solely on ICE, selling 74,224, 57,342, and 50,040 units, respectively. In contrast, Ola Electric, Ather Energy, and Ampere exclusively offer EVs, with sales of 24,665, 12,689, and 2,821 units, respectively. Bajaj shows the highest proportion of EV sales among traditional manufacturers. This data underscores the industry’s gradual shift toward electric mobility, highlighting the varying levels of EV adoption among traditional players.

Top 3W L5 Pax OEMs Sep 2024 | ICE and EV sales

All top 8 L5M OEMs show the presence of EVs in their offerings. Mahindra Last Mile Mobility leads with a remarkable 94.1% of its total sales (4,951 units) comprising EVs. TI Clean Mobility and Omega Seiki have fully committed to electric production, achieving 100% EV sales. Piaggio Vehicles EV sales were 27.6% of its numbers in the month, while Bajaj Auto Ltd shows a moderate presence with 13.4% of its total sales (33,413 units) being electric. TVS Motor Company and Baxy Ltd report lower EV sales percentages at 2.9% and 11.2%, respectively. MLR Auto Ltd maintains a modest 9.1% in EV sales.

Top 3W L5 Cargo OEMs Sep 2024 | ICE and EV sales

For deeper insights into India’s EV sales trends (including Telangana data) – Segment-wise, OEM-wise, city-wise, RTO-wise and state-wise – check out the EVreporter Data Portal here and subscribe.

Also read: India ICE vs EV sales for top 2W and 3W OEMs in August 2024