Electric Two-Wheeler Registrations Surge 80% in July as TVS Motor Leads Market

India's Electric Two-Wheeler Registrations reached 195,446 units in July, representing an 80% increase compared with the same month last year. The sharp rise was supported by a relatively low comparison base, as the industry had previously been affected by shortages of rare earth magnets. On a month-on-month basis, registrations remained almost unchanged from June's 194,940 units, indicating stable market demand. Electric vehicle penetration within the two-wheeler segment improved to 11.1% in July, up from 10.6% in June, highlighting continued consumer adoption across the market.

TVS Motor strengthens leadership while Bajaj Auto remains second

TVS Motor retained its leading position by registering 53,031 electric two-wheelers during July, more than doubling its performance from 23,581 units a year earlier. The company's market share expanded to 27.1%, compared with 21.7% in July 2025 and 24.3% in June. Bajaj Auto continued to hold the second position with 43,817 registrations, recording year-on-year growth of 113%. Its market share also improved to 22.4%, reflecting sustained demand for its electric two-wheeler portfolio.

Performance of major electric two-wheeler manufacturers

Ather Energy registered 29,301 units during July, representing a 64% increase from a year earlier. However, its volumes declined by 7% compared with June, reducing its market share to 15.0% from 16.4% a year ago and 16.1% in June. Hero MotoCorp nearly doubled its registrations to 21,506 units from 10,835 units in the previous year, increasing its market share to 11.0%. In contrast, Ola Electric reported lower registrations, with volumes falling 27% year-on-year and 17% month-on-month to 13,520 units, resulting in a market share decline to 6.9%.

July 2026 electric two-wheeler registration performance

Smaller manufacturers contribute to market expansion

Beyond the leading manufacturers, Greaves Electric registered 9,768 units during July, while River Mobility and BGauss Auto recorded 5,791 units and 5,353 units respectively. Collectively, the five largest original equipment manufacturers accounted for more than 82% of all electric two-wheeler registrations during the month, reinforcing the strong market position of the industry's leading brands while smaller participants continued to expand their presence.

Financial year momentum remains strong

During the first four months of financial year 2027, India's electric two-wheeler registrations reached 720,730 units, reflecting a 71% year-on-year increase. The sustained growth highlights continued momentum for electric mobility, supported by higher consumer adoption and expanding participation from established manufacturers. Stable monthly volumes combined with improving electric vehicle penetration indicate that the segment continues to strengthen despite varying performances among individual manufacturers.

Frequently Asked Questions

How did India's electric two-wheeler market perform in July?
India's electric two-wheeler market recorded strong growth during July, with registrations increasing 80% year-on-year to 195,446 units while remaining broadly stable compared with June. Electric vehicle penetration also improved from 10.6% to 11.1%, indicating continued adoption among buyers. The market benefited from a lower comparison base following last year's rare earth magnet shortage, while leading manufacturers such as TVS Motor and Bajaj Auto further strengthened their market positions through higher registrations and expanding market share.

Which companies led electric two-wheeler registrations during July?
TVS Motor led the market with 53,031 registrations and a 27.1% market share, followed by Bajaj Auto with 43,817 units and a 22.4% share. Ather Energy ranked third with 29,301 registrations, while Hero MotoCorp continued expanding its presence with 21,506 units. Ola Electric experienced lower registrations compared with the previous year and month, while the top five manufacturers together accounted for more than 82% of total electric two-wheeler registrations during July.