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Bajaj Chetak Electric Scooter
Covid 19 has badly hit the world economy and so as EV sector. This year Indian EV market witnessed decline in sales of electric vehicles after a consecutive growth of 5 years. The electric two-wheelers grabbed the largest chunk of the electric vehicle sales in India in FY2021. This article focused on Bajaj Chetak Electric Scooter.
Electric bikes / scoters will start getting traction as fuel prices rising exorbitantly since pandemic. Although Indian electric two wheeler market is dominated by many startups, established players like Bajaj auto, TVS motor are also geared up and have electric scooters in their product portfolio.
Bajaj Chetak electric scooter vs TVS i Qube
There is stiff competition between Bajaj Chetak electric scooter and TVS i Qube. Sales number are very tiny in comparison with fossil fueled vehicles. Bajaj Chetak scooter and TVS iQube both were launched in same period on Jan 2020.
.However the commutative sales for last 4 months are clearly evident of iQube dominance.
April 2021 Month Sales comparison –
Since it’s launch iQube struggled but last 4 months TVS iQube sales are improving and consistent. This month Bajaj chetak has taken lead over it’s rival TVS I Qube. Bajaj chetak found a total of 510 new homes last month while TVS iQube recorded sale of 307 Units. Bajaj Chetak electric scooter has bounced back in April month and registered a massive growth 464.44% on MoM basis. While TVS motors faced negative growth of 15% on MoM basis.
Sales comparison Since launch –
In 2020-21 Bajaj auto could sale 1337 units of electric scoter chetak while TVS motors registered sales of 290 units. Last 4 months were encouraging for TVS iQube as it had registered solid growth and took lead over Bajaj chetak in cumulative sales numbers.
Currently TVS iQube is available at Bengaluru and Delhi and priced 1.08 Lakh (on road).While Bajaj chetak is available at Pune and Bengaluru. It has two variants Urbane and premium variant which are available at 1.15 and 1.2 Lakh respectively.
High cost of ownership, lack of charging infrastructure and vehicle availability in selected cities are the main factors affecting on growth EV sales.
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