EV Two-Wheeler Bookings Spike Over 60% In June; TVS Retains Top Spot, Ola Loses Share

With 44,467 registrations throughout the month — up 65.2% from 26,911 vehicles in June 2025 — TVS Motor maintained its top spot.

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Despite a little drop from 24.7% a year earlier, TVS Motor maintained its lead with 24.5% of the market.
Photo Source: TVS
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Summary is AI-generated, newsroom-reviewed
  • India's electric two-wheeler market saw over 6,000 daily registrations in June 2026
  • E2W registrations rose 64% YoY to 1,81,168 units in June 2026, per Vahan data
  • TVS Motor led with 44,467 units, holding a 24.5% market share in June 2026
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India's electric two-wheeler (E2W) market registered over 6,000 vehicles per day in June 2026, contributing to the segment's second-highest monthly sales on record as EV adoption surged due to rising gasoline prices, cheaper operating costs, and wider product availability.

According to Vahan data, E2W registrations increased 64% YoY to 1,81,168 units in June, continuing the market's robust development trend. In June of the previous year, the average number of registrations per day was approximately 3,600.

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With 44,467 registrations throughout the month — up 65.2% from 26,911 vehicles in June 2025 — TVS Motor maintained its top spot. Despite a little drop from 24.7% a year earlier, the corporation maintained its lead with 24.5% of the market.

ALSO READ | Nearly 45% Of Indian Homes Not EV-Ready, Need Electrical Upgrades: Report

In second place, Bajaj Auto registered 40,576 electric two-wheelers, up 69% from 24,013 units in June 2025. Its market share increased to 22.4% from 21.5% in the same month of the previous year, substantially reducing the difference with the industry leader.

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With 29,422 registrations, growing 79.5% from 16,392 units the previous year, Ather Energy maintained its third-place position. The company's market share was 16.2%, up from 14.7% in June 2025, revealed the Vahan data.

Ola Electric recorded 15,096 units in the month, a 27.1% decrease from 20,697 units in the same period last year. Its market share continued to decline until 2026, nearly halving to 8.3% from 18.6% in June 2025.

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After declining from 18.6% in June 2025 to 6% in January 2026, the company's stake slightly increased to 8.8% in May and 8.3% in June.

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Vida, which is supported by Hero MotoCorp, is still making progress; registrations have increased to 20,198 units from 7,945 units a year ago. From 7.1% in June 2025, its market share increased to 11.2%.

With 31,381 registrations, or 17.3% of total sales, in the "Others" category, the overall market continued to be competitive.

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