E2W sales stumble in November; Hero knocks Ola Electric out of top 4

After record festival season sales in October, electric two-wheeler registrations skid 21 per cent to 110,761 units in November, even as a new phase of competition begins with global brands entering the market.

- SURAJEET DAS GUPTA

They face stiff resistance from domestic players, who themselves are seeing rapid churn in their rankings. November registrations were also lower than the 116,437 vehicles registered in the same month last year.

Once the market leader, Ola Electric saw registrations fall below the 10,000-a-month mark, down to 8,254 units, almost half of what it posted in October, according to Vahan data. As a result, its market share also slipped below double digits to just 7.4 per cent.