EV 2W high speed scooter registrations in Feb 2022 increased 17% MoM to 32,402 units and 5.3x YoY.

EV 2W penetration for Feb 2022 stood at 3.3% vs 2.7% in Jan 2022.

Ola electric registrations increased to 3,904 in Feb 2022 from 1103 in Jan 2022.On a MoM basis the outperformers were Ather energy (+18% MoM); Revolt (+68%), Bajaj Auto (+110% to 1,286units), TVS Motor (+33% to 1,479 units), Ola Electric (+254% to 3,904units)Underperformers were Hero Electric (-5%), Okinawa(+5%), Ampere (+2%), Pur energy (-16%)

These companywise outperformers / underperformers would rapidly change based on which company ramps up capacity in whichever month. Most of the outperformers like Ather, Bajaj, TVS, Revolt which outperformed MoM this month we’re underperformers last month.