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<ul><li>The Indian electric two-wheeler industry has recorded sales of 91,243 vehicles in November 2023.</li><li>November has seen the highest sales since the introduction of reduced FAME subsidy.</li><li><keyword id="4393078" type="General" weightage="100" keywordseo="ola-electric" source="Orion">Ola Electric</keyword> is dominating the electric two-wheeler market with a 30% market share.</li></ul> Electric two-wheeler sales in India have continued to improve, recording a new high since the reduction in FAME subsidy came into effect from June 1, 2023. November has emerged as the second-best month for electric two-wheelers makers in India, after May 2023. The electric two-wheeler industry recorded sales of 91,243 vehicles in November 2023, the second highest in the year. This is up from 74,252 vehicles sold in October 2023. The Indian government has announced a fresh infusion of ₹1,500 crore for FAME-II programme. This will ensure that buyers will continue to receive subsidies on eligible electric vehicle purchases. <cmsannotation type="cmsannotation" annotationid="Electric two-wheeler sales in November 2023" comment="subhead" text="Electric two-wheeler sales in November 2023">Electric two-wheeler sales in November 2023</cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">November </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">October </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Growth </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ola Electric </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">29,808 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">23,644 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">26.1% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">TVS Motor </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">18,935 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">16,340 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">15.88% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Auto </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">11,681 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">8,932 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">30.78% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ather Energy </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">9,171 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">8,289 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">10.64% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Greaves Electric </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">4,691 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">4,470 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.94% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hero MotoCorp </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">3,031 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">1,914 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">58.36% </td></tr></tbody></table> <cmsannotation type="cmsannotation" annotationid="Ola records a new all-time high" comment="subhead" text="Ola records a new all-time high">Ola records a new all-time high</cmsannotation> Bhavish Aggarwal-led Ola Electric has recorded a new all-time high in sales at 29,808 units, beating the company’s previous high of 28,728 units in May 2023. The company’s sales in October were 23,644 units, putting the company’s month-on-month growth at 26.1%. Ola Electric had introduced the<a href="https://www.businessinsider.in/business/auto/webstories/ola-s1-pro-gen-2-vs-ather-450x-new-electric-scooter-comparison-of-price-and-features/slidelist/102765601.cms"> S1 Pro Gen 2</a> electric scooter and also pushed the affordable electric scooters, the Ola S1 Air and the Ola S1 X during the festive season. Ola Electric has sold over 2.36 lakh electric scooters so far in 2023. <cmsannotation type="cmsannotation" annotationid="TVS Motor reports decent growth" comment="subhead" text="TVS Motor reports decent growth"><keyword id="46156" type="General" weightage="20" keywordseo="tvs-motor" source="Orion">TVS Motor</keyword> reports decent growth</cmsannotation> TVS Motor, which sells the iQube electric scooter, has reported decent growth and continues to hold the second position. The company sold 18,935 scooters in November 2023, up from 16,340 scooters in October 2023, recording a 15.88% growth. <cmsannotation type="cmsannotation" annotationid="Bajaj Auto continues at third spot" comment="subhead" text="Bajaj Auto continues at third spot">Bajaj Auto continues at third spot</cmsannotation> Bajaj Auto, which sells the Chetak electric scooter continues on the third spot and has increased its margin against Ather Electric. The company sold 11,681 scooters in November 2023, up from 8,932 scooters in October, recording a 30.78% month-on-month growth. <cmsannotation type="cmsannotation" annotationid="Hero MotoCorp reports good growth" comment="subhead" text="Hero MotoCorp reports good growth">Hero MotoCorp reports good growth</cmsannotation> Hero MotoCorp, which sells the<a href="https://www.businessinsider.in/business/auto/news/hero-vida-v1-pro-vs-ola-s1-pro-electric-scooter-comparison-of-price-range-and-features/slidelist/94827202.cms"> Vida V1 Pro</a> electric scooter, emerged as the fastest growing company in November. The company sold 3,031 scooters in November 2023, up from 1,914 scooters sold in October 2023, recording a month-on-month growth of 58.36%. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/car-and-suv-prices-set-to-rise-in-january-2024-should-you-buy-one-in-december/articleshow/105556415.cms">Car prices set to rise in January – Should you buy one in December?</a> <a href="https://www.businessinsider.in/business/telecom/news/new-sim-card-rules-from-dec-1-include-bulk-purchase-restrictions-all-you-need-to-know/articleshow/105617388.cms">New SIM card rules from Dec 1 include bulk purchase restrictions – All you need to know</a> <a href="https://www.businessinsider.in/business/auto/news/new-electric-bike-orxa-mantis-price-and-features-details/articleshow/105444289.cms">Orxa Mantis heats up the performance electric bike competition at ₹3.6 lakh, takes on the Ultraviolette F77</a>

Electric two-wheeler sales rise in Nov as Ola Electric scales a new high

<ul><li>India's congested roads have increased the popularity of scooters as a convenient and cost-effective mode of transportation.</li><li>Here are some of the <keyword id="4768962" type="General" weightage="20" keywordseo="best-scooters" source="Orion">best scooters</keyword> under ₹50,000 in India, including the TVS XL100, Komaki XGT KM, and more.</li></ul>India is known for its congested roads and heavy traffic, making traveling by car difficult. Therefore, scooters and bikes have become increasingly popular as they provide a more convenient and cost-effective way to navigate busy city streets. If you are on a tight budget, you can still find some of the best options in the market under ₹50,000. These vehicles are affordable and offer great fuel efficiency and low maintenance costs. Today, we will explore some of India's best scooters and bikes under ₹50,000, considering factors such as performance, comfort, and reliability. <cmsannotation type="cmsannotation" annotationid="Best scooters under ₹50,000" comment="subhead" text="Best scooters under ₹50,000">Best scooters under ₹50,000</cmsannotation> TVS XL100 The TVS XL100 is a scooter with six variants and is offered in fifteen different colours at a price range of ₹46,671 to ₹57,790. Equipped with a 99cc BS6 engine, this scooter generates a power of 4.4 ps and a torque of 6.5 nm. Both the front and rear of the XL100 feature drum brakes. The scooter weighs 89 kg and has a fuel tank capacity of 4 litres. With a silent starter, engine kill switch, USB charging support, and LED DRL, the XL100 is a well-equipped moped. Additionally, it is the most affordable fuel-injected two-wheeler available, thanks to its fuel-injection system. Komaki XGT KM The Komaki XGT KM is a laid-back electric scooter intended for commuting purposes. The scooter has an underseat storage compartment that houses the detachable battery. Despite this, the company also asserts that there is enough room to store a helmet. In addition, the Komaki XGT KM boasts several features, such as a digital instrument cluster, synchronized braking system, and anti-theft lock. The front wheel is equipped with a disc brake for added safety. When fully charged, the XGT KM can cover a range of 130-150km and takes 6-8 hours to charge the battery. Avon E Lite The Avon E Lite is one of the most affordable electric bikes in India and you can buy it for just ₹28,000. After a full charge, the E Lite electric scooter can travel up to 50 km. The battery of the E Lite requires 4-8 hours to charge fully. The Avon E Lite is only available in one variant, which is the STD. Lohia Oma Star Lohia OMA Star is a self-start electric scooter that is completely made in India. It has a clutch-less automatic gearbox and a storage box beneath the long seat. The scooter has a range of up to 60 km/charge after a full charge. The price of the Lohia OMA Star starts at ₹41,444, and it is available in two variants. Lohia OMA Star Li is the most expensive variant, with a price tag of ₹51,750. Avon E Scoot Avon E Scoot is an electric scooter available in India with a 65 km/charge range. It is priced at ₹45,000 and can be considered one of India's most popular scooters under ₹50,000. The Avon E Scoot is a good option for those looking for an affordable and eco-friendly mode of transportation. Techo Electra Neo The Techo Electra Neo is an electric scooter available in India starting at a price of ₹41,919. It comes in one variant and is available in four different colours. The motor of the Techo Electra Neo generates 250 W power, and the scooter is equipped with both front and rear drum brakes that use a combined braking system to stop the wheels. The manufacturer claims that a full charge of the battery pack takes approximately 5-7 hours and provides a range of 60-65 km. The Neo is certified by ARAI and has numerous features, such as a central locking system, a digital speedometer, a USB port for mobile charging, and a spacious storage compartment. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/cert-in-warns-of-high-severity-vulnerabilities-in-apple-products-urges-immediate-action/articleshow/99231900.cms">CERT-In warns of high-severity vulnerabilities in Apple products, urges immediate action</a> <a href="https://www.businessinsider.in/tech/news/googles-new-features-to-simplify-travel-planning-including-a-mobile-friendly-hotel-browsing-feature-a-price-guarantee-badge-for-flights-and-more/articleshow/99235884.cms">Google’s new features to simplify travel planning, including a mobile-friendly hotel browsing feature, a price guarantee badge for flights, and more</a>

Best scooters under ₹50,000 in India: TVS XL100, Komaki XGT KM, and more

<keyword id="45224" type="CITY" weightage="60" keywordseo="Mahindra">Mahindra</keyword>, the country's largest <a href="http://www.businessinsider.in/searchresult.cms?query=SUV+maker">SUV maker</a>, is ready to make an entry on US roads through two wheelers. It will soon launch Vespa-like electric scooter called the <keyword id="2361033" type="UNKNOWN" weightage="80" keywordseo="Genze">GenZe</keyword> in the US. 
 
The company hopes to win over campus dwellers with a $2,999, electric scooters called GenZe, which goes on sale this fall in California, Oregon and Michigan. Sales might expand to other states and Europe, depending on its outcome. 
 
The further course of action depends on this current launch. If buyers like it, <a href="http://www.businessinsider.in/searchresult.cms?query=Mahindra+">Mahindra</a> could use the GenZe as a springboard into the car market, just as <keyword id="20630" type="CITY" weightage="80" keywordseo="Honda">Honda</keyword> made the leap from motorcycles to cars in 1970s. 
 
But this strategy has some risks. Firstly, scooters are not as popular in the US as elsewhere in the world, for example, people in China buy as many <a href="http://www.businessinsider.in/searchresult.cms?query=electric+scooters+">electric scooters</a> in a day as Americans do in a full year. 
 
Secondly, consumers might not trust Mumbai-based Mahindra, which scrapped an attempt to sell vehicles here five years ago because it couldn't meet US safety standards. 
 
“The pressure has really been on to make sure that we get this right,” says Terence Duncan, the head of customer engagement for the GenZe and one of its chief designers. “What we're doing, really, is introducing the brand to American customers.” 
 Mahindra designed the GenZe in <keyword id="6357722" type="COMPANY" weightage="40" keywordseo="silicon-valley">Silicon Valley</keyword> with features favored by tech-savvy Millennials, like a secure laptop charging port under the seat. It opened its four stores in <keyword id="12161" type="COMPANY" weightage="40" keywordseo="San-Francisco">San Francisco</keyword> and <keyword id="92788" type="COMPANY" weightage="40" keywordseo="Portland">Portland</keyword> because buyers there are more accepting of <a href="http://www.businessinsider.in/searchresult.cms?query=two-wheeled+transportation">two-wheeled transportation</a>. In Michigan, buyers can get a GenZe at the Ann Arbor factory where it's made. 
 
The GenZe only goes up to 30 miles per hour, so riders won't need a license. Its most innovative feature is a 28-pound removable battery, which riders can unhook and carry inside to charge. The battery takes 3.5 hours to fully charge, and the scooter goes for 30 miles on a charge. A 7-inch touchscreen display tells drivers their speed and range. 
 Only about 5,000 electric scooters will be sold in the US this year, according to Ryan Citron, who analyzes the market for the consulting company Navigant Research. Among them: the ZEV 2700 and the <keyword id="286421" type="COMPANY" weightage="60" keywordseo="Bravo">Bravo</keyword> EVT-168, which cost about the same as the GenZe. By comparison, 30,000 will be sold in Europe and 3.9 million in China, where electric scooters cost less than half the price of a GenZe because they use a cheaper type of battery. 
 
Citron says about 46,000 gas-powered scooters will be sold in the US this year. Any scooter has a tough time selling when gas prices are relatively low, he says. 
 Citron believes the electric scooter market will grow to around 20,000 annual sales by 2024 as companies like Mahindra and Oregon's <keyword id="3032764" type="UNKNOWN" weightage="80" keywordseo="Boxx-Corp-">Boxx Corp.</keyword> enter the market. Another one to watch is Gogoro, a Taiwan-based scooter maker that wants to develop stations where riders can swap out batteries. 
 
Mahindra is targeting college campuses and also plans to supply scooter-sharing programs like Scoot. So far, it has around 300 GenZe orders from people who paid a $100 deposit. The company expects to make around 3,000 scooters in the first year, Duncan says. 
 
This isn't Mahindra's first attempt to crack the <a href="http://www.businessinsider.in/searchresult.cms?query=electric+scooters+">US car market</a>. The $16.9 billion conglomerate, which controls about 40% of the SUV market in India, began courting US dealers about a decade ago with the promise of delivering vehicles by 2009. But Mahindra had trouble meeting US vehicle regulations and canceled its plans in 2010. 
 Mahindra does sell tractors in the US, but wants to build its name in urban areas, says GenZe CEO Vish Palekar. So in 2012, it set up a small group in <keyword id="116260" type="CITY" weightage="40" keywordseo="Palo-Alto">Palo Alto</keyword> and told them to come up with a vehicle that would get people around cities more easily. 
 
(Image: Indiatimes)

Mahindra is debuting in the US market with this product. No, it’s not its iconic SUVs!

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Electric two-wheeler sales rise in Nov as Ola Electric scales a new high

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Best scooters under ₹50,000 in India: TVS XL100, Komaki XGT KM, and more

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Mahindra is debuting in the US market with this product. No, it’s not its iconic SUVs!

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