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

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 highlight the current EV sales figures in comparison to overall vehicle sales in the two-wheeler and three-wheeler categories.

Also Read: Overall EV sales in September 2024

OEM wise Leading 2W Sales for ICE and EV, Sept 2024

The e2W sales data for India in September 2024 reveals key trends among manufacturers. Honda Motorcycle leads total 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%. Bajaj Auto achieved 141,617 units, with a notable 19,128 EVs, representing 13.5%. 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. While Honda leads in total sales without embracing EVs, 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.

OEM wise Leading 3W L5 Pax Sales for ICE and EV, Sept 2024

Source: Vahan Dashboard. Data as per 1365 out of 1429 RTOs across 35 out of 36 state/UTs

The sales data for September 2024 in the Indian three-wheeler passenger industry reveals diverse performance across the Internal Combustion Engine (ICE) and Electric Vehicle (EV) segments. 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 demonstrates a strong EV adoption rate of 27.6%, while Bajaj Auto Ltd shows a moderate presence with 13.4% of its total sales (33,413 units) being electric. In contrast, TVS Motor Company and Baxy Ltd report lower EV sales percentages at 2.9% and 11.2%, respectively, reflecting a more cautious approach. MLR Auto Ltd maintains a modest 9.1% in EV sales, balancing its ICE and EV offerings. Overall, the data highlights varying degrees of EV adoption among manufacturers, underscoring a growing trend toward electric mobility in the automotive industry.

OEM wise Leading 3W L5 Goods Sales for ICE and EV, Sept 2024

The September 2024 sales data for the Indian three-wheeler cargo industry highlights a mix of performance between Internal Combustion Engine (ICE) and Electric Vehicles (EV) across various manufacturers. Mahindra Last Mile Mobility leads in EV adoption, with 63.2% of its total sales (775 units) being electric. Omega Seiki and Euler Motors have fully embraced electric mobility, achieving 100% EV sales. Bajaj Auto reports a moderate EV presence at 12.9% of its total sales (4,013 units), while Piaggio Vehicles follows with a 6.1% adoption rate. MLR Auto and Baxy Ltd show minimal EV sales at 2.6% and 3.4%, respectively, and Capital Auto Industries remains focused solely on ICE vehicles. Overall, the data reflects a growing trend toward EV adoption, with manufacturers like Mahindra, Omega Seiki, and Euler Motors leading the charge, while traditional players like Bajaj Auto and Piaggio Vehicles strategically balance their ICE and EV offerings to meet evolving market demands.

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