Top 10 Electric Bike Companies in India

Electric Bike Companies In India

Over the years, the market’s sales of two-wheelers have noticed a noticeable increase. This might be because of things like the price and convenience of this kind of vehicle. Recently, an eco-friendly, environmentally friendly electric two-wheeler was introduced. In this article, we’ll look at the top electric bike companies in India.

Top 10 Electric Bike Companies In India

1. OLA Electric

India’s Ola Electric Mobility manufactures electric two-wheelers with headquarters in Bangalore. It separated from Ola in 2019 and began shipping its electric scooters in December of that same year. The unicorn company will soon list on an exchange as a public company. The corporation has increased its authorized share capital by an astounding 17,121%.

One of India’s most significant electric two-wheeler debuts for 2021 is reportedly Ola S1 electric scooter and S1 Pro. It is an expensive electric scooter designed to resemble the Etergo AppScooter. It sold 1,08,130 units in 2022, capturing a 17.57% market share.

2. Okinawa Autotech

Based in Haryana, Okinawa Autotech produces electric two-wheelers. Almost 500 dealers work for the organization across the nation. It is one of the more established brands in the electric two-wheeler market, founded in 2015.

With 101,366 unit sales in CY22, the business took second place with a market share of 16.47%. Three upcoming electric scooter models are planned for introduction each year, and the production of electric bikes is also being considered.

Okinawa has introduced several electric 2-wheeler models at a variety of price points. An internal smartphone app for its clients supports its smart scooters. Some popular Okinawa bikes are OKHI-90, Ridge 100,  i-Praise, and Dual 100.

3. Ather Energy

Indian electric vehicle manufacturer Ather Energy Pvt. Ltd. was established in 2013. The third-placed company among the Top 25 EV OEMs is an organization headquartered in Bangalore. Hero Motor Corp owns about 32% of the firm and is its backer. Ather accounts for 9% or so of the market for electric two-wheelers.

The manufacturer of smart e-scooters sold 19,971 units in FY22, a 354% YoY increase. Demand has grown despite the firm only having two models—the Ather 450X and 450 Plus. The manufacturer is working on a cost-effective e-scooter and funding its fast-charging network Ather Grid 2.0, which is anticipated to increase sales. With a goal of 500 nationwide, Ather is quickly expanding its network of fast-charging stations each month.

4. Ampere Vehicles

Ampere is currently ranked fourth on the Indian market and is the company that has been selling battery-powered two-wheelers for the longest. It was established in 2008 and is run by female entrepreneurs.

The Ampere Vehicles company was founded by Tamil Nadu native Hemalatha Annamalai. As part of its operations, the business is headquartered in Coimbatore. In 2018, the business partnered with Greaves Cotton. Scooters are the company’s primary product line. India offers the Magnus60, V48, ZealEX, Reo Elite, Magnus EX, and Reo Plus electric vehicles.

5. Hero Electric

Headed by Vijay Munjal, the Hero Environmental Group includes Hero Electric. It has nothing to do with Hero MotoCorp, the top 2-wheeler producer. With a presence in electric two-wheelers, medical equipment, bikes, electric bikes, and international trading, Hero Eco Group has a variety of commercial activities.

In 2022, Hero Electric sold 96,906 electric 2-wheelers, accounting for 15.75% of the market. Its product offerings are focused on the last-mile delivery segment and city-speed category, as opposed to Ola Electric and Ather, which aim for the range’s premium end. It is focused on creating a well-integrated EV ecosystem via numerous agreements for charging, servicing, and financing. It intends to sell more than 50 lakh electric vehicles in the next three years.

6. TVS Motor Company

The third-largest two-wheeler producer in India and one of the top ten worldwide is TVS Motor Company Ltd. It is prevalent in emerging areas like Latin America, South Asia, the Middle East, and Africa.

Almost 600 engineers work in TVS Electric Mobility’s independent EV division, dedicated to creating electric vehicles. The company has partnered with BMW Motorrad to build electric vehicles to increase its market share jointly.

The 2-wheeler maker also formed a strategic alliance with Tata Power, JIO BP, and BESCOM to build a nationwide battery charging network. The TVS group’s first electric two-wheeler, the TVS iQube, was introduced. The company holds a market share of roughly 7.51% for electric two-wheelers.

7. Bajaj Auto Ltd.

An international Indian manufacturer of two- and three-wheeled vehicles are called Bajaj Auto Ltd. The business belongs to the Bajaj Group. It ranks as the second-largest motorcycle manufacturer in India and the third-largest manufacturer overall.

The corporation reaffirmed its commitment to a healthier environment but said that the transition to cleaner fuels also includes CNG in addition to EVs. It is a publicly traded company worth $105 billion.

The Bajaj introduced its first electric scooter, the Bajaj Chetak, in January 2020. It comes in two models: Urbane and Premium. The company has increased its market share for electric two-wheelers to 4.02% thanks to introducing the hybrid vehicle.

8. Okaya Electric

In the past 29 years, Okaya Electric has led the battery manufacturing sector. It is an Indian corporation that serves several consumer sectors with the most dependable batteries. The company just entered the two-wheeler electric market by introducing a variety of reasonably priced electric scooters in India.

In addition, the business is constructing a sizable production facility in Neemrana, Rajasthan, which is anticipated to be finished between 2023 and 2025. According to the company’s managing director, Okaya will soon open, Mr. Anil Gupta, showrooms and service centers worldwide.

Okaya has two electric scooters, the AvionIQ and ClassIQ series, with prices ranging from Rs. 39,000 to Rs. 60,000.

9. Simple Energy

The Bengaluru-based Simple Energy is one of the popular electric bike companies in India that manufactures electric vehicles. Suhas Rajkumar established the startup, which he formed in 2019. On August 15, 2021, the firm released Simple One, its first electric scooter, in India. 13 states will have access to it during the initial rollout phase.

The company claims that these electric scooters are created in India and will introduce consumers to high-quality products made in India. The business also disclosed information about the charger, an obvious omission. To provide improved charging infrastructure, Simple Energy will install it throughout India. The company intends to install more than 300 charging stations nationwide in the upcoming months.

Simple Energy collaborates with establishments like restaurants, hotels, and shopping centers to make charging stations more practical and accessible.

10. Revolt Motors

Rahul Sharma, a co-founder of the Indian-based mobile manufacturing business Micromax, created the venture Revolt Motors. Its main office is in Gurgaon, Haryana. The business unveiled the Revolt RV400, the first electric motorcycle with AI capabilities, in India. In Manesar (Gurgaon), the company’s manufacturing facility can produce about 1.2 lakh bikes at once.