Okaya EV, announce an extraordinary increase in sales for the month of May 2023. The company witnessed an unprecedented growth rate of 140% compared to the previous month, firmly establishing its position as the 6th major player in the electric vehicle market.
During the month of May, Okaya EV achieved an impressive market share of 3.7%. This notable achievement demonstrates the growing recognition and trust that consumers have placed in Okaya EV as their preferred electric vehicle brand. The company’s continuous efforts to deliver reliable and safest electric vehicles have resulted in an expanding customer base and an increase in market penetration.
Okaya EV’s success in May can be attributed to several key factors. As a “Make in India” company, they recently introduced several new models that have captivated the market with their exceptional performance, extended range, and advanced safety features. The use of LFP battery technology, which guarantees a safer experience with longer lifespans compared to other technologies, is one important contributing aspect. In particular under high-temperature circumstances, LFP batteries are well adapted for the Indian climate. Additionally, the improved discharge capacities of these batteries ultimately improve the overall performance of electric scooters. LFP batteries enable India to achieve its ambitious 2030 goal for EV penetration while reducing carbon emissions as they have phosphate at the cathode, metal backing as the anode, and graphite carbon as the electrode, making them more chemically stable.
With a significant rise in consumer demand for eco-friendly transportation options, Okaya EV has successfully capitalised on this trend by offering innovative and high-quality electric vehicles. Okaya’s flagship product, Faast F4 is their best-selling product, boasting a range of 140 to 160 kilometers per charge, enabling long-distance travel without the need for frequent recharging.
Sharing his insights on the impressive sales growth, Dr. Anshul Gupta, Managing Director, Okaya EV, said, “We are thrilled to witness such a remarkable surge in sales, which are reflecting the strong demand for electric vehicles in today’s market. This achievement is a testament to the hard work and dedication of our entire team, as well as the trust our customers have placed in us. At Okaya EV, we remain committed to delivering sustainable mobility solutions and continuously raising the bar in the electric vehicle industry.”
Okaya EV’s recent sales performance sets the stage for further success in the coming months. The company is dedicated to expanding its product portfolio, introducing more cutting-edge technologies, and reinforcing its commitment to sustainability. With a clear vision for the future, Okaya EV aims to establish itself as a frontrunner in the electric vehicle market.
