While Chetak data its highest ever gross sales this yr in October, iQube MoM gross sales have practically halved
Close battle between Bajaj Chetak and TVS iQube continues with the previous taking lead in October. However, iQube remains to be forward when it comes to total gross sales throughout Jan-Oct interval. Chetak and iQube gross sales throughout this era are 3,832 models and 4,065 models, respectively. While each scooters have constructive YoY progress, iQube MoM progress has turned unfavourable in October.
Chetak Vs. iQube gross sales October 2021
Chetak gross sales in October had been at 835 models. YoY progress is 223.64%, as in comparison with 258 models bought in October final yr. Chetak MoM progress is 30.06%, as in comparison with 642 models bought in September 2021.
Increase in Chetak gross sales signifies that the corporate could possibly be beginning to get well from the worldwide scarcity of semiconductor chips and different imported elements. Chetak gross sales have persistently improved in current months, from 364 models in August to 642 in September. Its second finest this yr was in July when gross sales had been at 730 models.
iQube YoY progress is 1134%, up from 32 models in October final yr to 395 models in October 2021. MoM progress is down by -48.43%, as in comparison with 766 models bought in September final yr. iQube September gross sales had been its highest this yr. Barring some exceptions, iQube gross sales have persistently elevated since January. Overall, the 2 scooters mixed have registered YoY progress of 324.14%. MoM progress is down by -12.64%.
![Electric Scooter Sales Oct 2021 - Bajaj Chetak Vs TVS iQube](https://www.rushlane.com/wp-content/uploads/2021/11/electric-scooter-sales-oct-2021-chetak-vs-iqube-2-572x450.jpg)
Threat from rivals
Bajaj and TVS had been among the many first established auto firms to launch their electrical scooters. Chetak and iQube are already going through robust competitors from the likes of Ola, Ather 450X and Simple One. Newer merchandise to hit the market in current instances look like higher outfitted, as in comparison with Chetak and iQube. Their recognition can also be on the rise, as was evident lately when Ola electrical scooter clocked bookings price Rs 1,100 crore.
Competition in electrical two-wheeler section is anticipated to accentuate even additional when different mainstream auto firms launch their electrical scooters / bikes. For instance, Hero MotoCorp is fairly near launching it first electrical scooter.
It could possibly be named VIDA, as was lately revealed in registration paperwork. Later, the corporate may additionally launch electrical bikes. Hero is growing its electrical two-wheelers in collaboration with Taiwan-based EV producer Gogoro.
![Electric Scooter Sales Oct 2021 - Bajaj Chetak Vs TVS iQube](https://www.rushlane.com/wp-content/uploads/2021/11/electric-scooter-sales-oct-2021-chetak-vs-iqube-1-1070x1125.jpg)
Another entrant will likely be Suzuki, which is anticipated to launch its first electrical scooter quickly. Instead of a brand new scooter, Suzuki has chosen to make use of its well-liked Burgman to construct its electrical scooter. Burgman electrical scooter has been spied on highway checks a number of instances. It could possibly be launched at a beginning value of round Rs 1 lakh.
Honda can also be growing an electrical scooter, particularly for Indian market. It is anticipated to be launched someday throughout 2022-2023. Although designed for India, Honda will likely be concentrating on export markets as nicely with its new electrical scooter.
Leading tech firms like Realme and OnePlus are additionally reported to be engaged on electrical two-wheelers. Various different startups may even be getting into this area in coming years, probably with improved merchandise. All of those will likely be a problem for Chetak and iQube.