The TVS iQube electric scooter beat the Bajaj Chetak electric scooter for the second consecutive month in September. The TVS iQube sold 766 units last month, compared to just 7 units in September 2020. On the other hand, Bajaj Chetak electric scooters sold 642 units in September this year.
Also read: Honda Motorcycle gears up to launch its first EV in next fiscal year
However, sales at Bajaj Chetak rose 123% year-on-year last month, with 288 units sold in the same month a year ago. Apparently, Bajaj Chetak has been able to increase its individual demand last month but is again behind the TVS iQube.
Also in August this year, the TVS iQube electric scooter beat Bajaj Auto’s Chetal electric scooter. TVS iQube sold 649 units in August this year, while Bajaj Chetak electric scooters recorded 364 units. Bajaj Chetak is far ahead of TVS iQube in terms of monthly sales in July 2021. iQube sold 540 units in July this year, while Chetak sold 730 units.
The electric two-wheeler market in India is growing rapidly and is being driven by the rise of electric scooters. While a wide range of startups and new companies are driving momentum in the segment, some traditional two-wheeler manufacturers have also launched their products. TVS Motor Company and Bajaj Auto are two such OEMs.
Both TVS iQube and Bajaj Chetak were launched in the Indian market last year. These two electric scooters are competing fiercely in terms of price and range.
Demand for electric scooters is increasing due to concerns over Covid-related SOPs, rapid increase in petrol and diesel prices, and increasing preference for personal mobility. The upfront acquisition cost of an electric scooter may be higher than that of an internal combustion engine, but the cost of ownership is much lower.
First published date: October 25, 2021, 11:22 AM CST