EMotorad Achieves 7,405 Unit Sales in October 2024, Joining India’s EV Elite

Pune-based startup EMotorad has been ranked amongst India’s top five electric two-wheeler brands in the highest unit sales, joining the ranks of industry giants and new-age startups in October 2024. The company sold an all-time high of 7,405 units in October 2024.

In H1 FY25, EMotorad's domestic sales exceeded its total India sales for FY24, reflecting a 40X growth since 2020 and a 370 per cent YoY growth in the current year. This consistent upward trajectory positions EMotorad as a rising player in the broader Indian EV market, reflecting the growing consumer preference for sustainable, innovative, and affordable transportation solutions.

"Standing among India’s top five EV 2-wheeler brands in unit sales is a testament to our commitment to innovation and dedication," said Kunal Gupta, Co-founder & CEO of EMotorad. "Our focus is to expand the EV market and offer alternate mobility solutions that are sustainable for both the consumer, their pocket, and the planet. Our October 2024 unit sales have marked a milestone for the company, positioning us with industry giants and disruptive new-age startups. In 2025, we focus on bringing new products, innovation, and expanding global distribution.”

EMotorad has positioned its e-cycles as an alternative to traditional ICE 2W by tapping into the increasing demand for micro-mobility solutions. This is an extension of their gigafactory which recently launched their phase 1, which enabled them to manufacture their components in-house.

Sandeep Sinha, Business Head at EMotorad, shared his insights on this trend: “India has long been a dominant market for traditional two-wheelers, but with the growing focus on sustainability, climate change and EV adoption, consumers are increasingly turning to e-cycles as a practical alternative for mobility. In Tier 1 cities, the demand for e-cycles is expanding with domestic sales rising at a double-digit annual growth rate compared to previous years. Globally, the electric bicycle market is projected to grow from $18.58 billion in 2021 to $52.36 billion by 2028, reflecting an impressive CAGR of 16 per cent during this period.”

With a 75 per cent market share in India’s e-cycle segment, EMotorad continues to take charge of redefining sustainable mobility solutions.