Dhoni-Backed Emotorad Reports Record Growth In India: H1FY25 Sales Surpass FY24 Total Sales
A key driver behind EMotorad’s domestic business growth has been its strategic expansion across India
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EMotorad, India's leading electric mobility brand, has surpassed its entire FY24 sales in India within the first half of FY25. The company is on track to achieve upward of 200 per cent year-on-year growth in the domestic market, with September 2024 marking the highest single-month revenue from its Indian market- exceeding all of FY23’s domestic sales. It has also expanded its reach, establishing 12 new Experience Stores and partnering with over 550 dealers across India, said the company.
The September 2024 results, in particular, have been good for company, with the brand achieving its highest-ever single-month domestic revenue, surpassing the total domestic sales recorded in FY23.
A key driver behind EMotorad’s domestic business growth has been its strategic expansion across India. The company now operates 12 exclusive experience stores, offering customers an interactive space to explore the latest electric bike technology. Additionally, EMotorad has established a comprehensive network of over 550 dealers across India, ensuring extensive offline reach and accessibility for its rapidly growing customer base.
Kunal Gupta, Co-founder of EMotorad expressed his enthusiasm for the company’s progress, stating, "We are proud of the momentum we have achieved this year in the domestic market. Surpassing our entire FY24 domestic sales in just the first half of FY25 is a testament to our team’s dedication and strong product-market fit. Our record-breaking domestic performance in September, where we exceeded all of FY23's India sales in a single month, highlights the increasing acceptance of electric cycles in our country. With our growing dealer network and customer-centric experience stores, we are not just selling products but building a movement toward sustainable mobility.”
With the current run rate maintained, EMotorad is confident in reaching a 200 per cent plus YoY growth in India by the end of FY25. This reflects the growing demand for electric mobility solutions and EMotorad’s ability to innovate and meet the domestic market expectations, said the company.
