Top 10 Best Selling Electric Scooters in India by 2021

How Electric Vehicle Market is Growing

First we will discuss the top 10 best selling electric scooters in India.

we are not considering Ola S1 and Simple One Electric Scooters because they are not yet delivered to customers. Here are the Top 10 Best Selling electric scooters in India by 2021

1. Hero Optima HX
2. Ampere Reo Li
3. Ampere Reo Li
4. Ather 450X
5. Hero NYX HX
6. Okinawa Praise Pro 
7. Tunwal Mini Lithino Li
8. TVS iQube
9. XGT Km 
10. Bajaj Chetak EV

If u look at the above 10 EV in two wheeler segment then u can see the companies like HERO ,TVS and BAJAJ are already established brand and also available in the market for your direct investment opportunity.

But it is difficult for an investor to project which company will do well and what are the moats working for that company.

So let us check what is the potential of this opportunity in the coming years.

So if u want to make a bet on the EV companies listed in Indian stock exchanges then u have to categorize the companies on the basis of their functionality and their share in the total EV value.

In the recent article on our website we already covered that why TATA MOTORS and TATA POWER are looking best to bet in this segment as they are totally focused on this segment and have many competitive advantages due to TATA Group companies.

Technology in this segment is changing and trend is with the newer technology.

so let us check the data of engine type how this is changing.

How Indian Players in this segment planning to roll out this change.

Government Initiative for the EV Sector.

Indian Government has established FAME II scheme with a budget of Rs. 100 billion for a period
of three years, which is being used for demand incentives (86%) and creation of
charging infrastructure. Besides the scheme, tax benefits have been announced to
encourage EV purchases.
The Indian Government has announced de-licensing of charging stations provided
the stations meet standards of the power ministry. Rs. 10 billion has been allocated
under FAME II scheme to support installations of charging infrastructure.

If u are trying to capture this opportunity by investing through share market then take a look on this below:-

there are 6 type of companies which are operating in this trend.

1. Chemical Companies
2. Auto Component Manufacturer
3. EV Manufacturer
4. Infrastructure developer
5. EV Software Service Provider
6. Research and Development (Contract R&D Services)

First Start with Chemical Companies.

There are number of beneficiaries of this wave but some of Gem from them are as follows.

One more company u can add in this list is

Second type of Company is Auto Component Manufacturer.

1.) Fiem Industry

2.) Minda Industry

3.) Sona Comstar

Third type of Companies is OEM Companies. Although many companies are there but we are discussing only the best placed companies in its space.

OEM stands for Original Equipment Manufacturer

1.) Tata Motors

2.) Bajaj Auto

3.) Olectra Greentech

Fourth type of Companies is Infrastructure Developer.

Tata Power – These types of companies are doing the Infrastructure development work for the whole ecosystem that will work for EV.

Fifth type of companies is EV Software developer companies.

1.) Tata Elexi

2.) TCS

Sixth Category of Company is R&D Service for EV Companies. (Contract Research and Development Services.)

1.) LTTS

2.) KPIT Technology

3.) Tata Elexi

The Whole ECO-System for this EV will take time in development but the early stage gets the edge in this segment.