EV Two-Wheeler Registrations Surge 68% in July; TVS Motor Commands Market Leadership

EV Two-Wheeler Registrations Surge 68% in July; TVS Motor Commands Market Leadership​

India's electric two-wheeler segment continued its robust growth trajectory in July, registering a significant jump of 68 percent year-on-year. The total number of units registered reached 173,294 in the month, according to Government's Vahan data as of July 29. This strong annual performance occurred despite the segment experiencing an 11 percent decline compared to June's volume of 194,300 units.

TVS Motor Dominates Electric Two-Wheeler Market​

TVS Motor maintained its clear leadership in the electric two-wheeler space for July. The company registered 47,242 units, securing a commanding 27.3 percent market share. This marks an improvement from the 24.3 percent share it held in June. TVS successfully widened its lead over other major competitors as overall industry registrations remained substantially above their corresponding levels from one year ago.

Bajaj Auto followed closely behind in second place, recording 38,974 registrations and capturing a 22.5 percent market share of the segment. Ather Energy held the third position with 25,907 units, accounting for a 14.9 percent share. Hero MotoCorp's Vida brand contributed significantly, selling 18,611 electric scooters with a 10.7 percent market share.

Industry Outlook and Market Normalisation​

An industry source noted that the decrease in volume month-on-month was largely attributed to the winding down of promotional activities. The source stated that June saw high volumes due to various discounts and special schemes. These offers ending contributed to the normalization seen in July's registration figures. There is nonetheless optimism for future growth as companies are expected to roll out festive season offers, signaling continued demand both domestically and internationally.

Ola Electric Market Share Plummets​

Ola Electric registered 11,880 units during July. This result led to a drop in its market share, which fell to 6.9 percent from the 8.3 percent recorded in June. The decline is part of a broader downward trend for the company in recent months. Ola was the fifth-largest player in the segment during July's registrations.

Despite the challenges in July, it must be noted that Ola Electric has demonstrated significant recovery from early this year lows. The company more than doubled its registration count compared to February 2026, when it had recorded only 4,035 units, reaching 11,880 in July.

Other Categories and Segment Health​

The "Others" category contributed 30,680 registrations, making up 17.7 percent of the total industry volume. This figure is a decrease from June's volume of 34,308 units.

Despite the month-on-month decline in overall volumes, July registrations remained robustly higher than previous months for the segment. The market size far exceeded the 105,620 units recorded in May 2025 and the 111,441 units from June 2025. This consistent performance confirms that the electric two-wheeler adoption trend is firmly entrenched within the Indian market.