e2W registration: Share of top 4 races to 90% in Oct from 72% in January

In June, e2W registrations declined to 44,000 as companies increased the prices of their models

Three electric two-wheeler makers — Ola Electric, TVS, and Bajaj — collectively cornered 75 per cent of vehicle registrations in this space in October, during the peak festival season. After including the share of Ather, which was at the fourth spot in terms of e2W registrations during the month, the cumulative figure goes up to 90 per cent — a sign of accelerated consolidation in a market that has over 125 players.
 

In January this year, the top three players accounted for over 60 per cent of the market, while the top four had 72 per cent of the sweepstakes.