Electric Two-Wheeler Sales Surge Past 11 Lakh Units in First Half of Financial Year

India's electric two-wheeler market grew rapidly in the first half of the 2027 financial year, with customer deliveries jumping 76 percent to reach 11.2 lakh units between April and September compared to 6.40 lakh units during the same period last year. Retail sales from January to September crossed 1.61 million units. September set a new monthly record with 2.07 lakh units sold, marking an 89 percent increase over the previous year.

Brand Performance

TVS and Bajaj led the market, capturing a combined 49 percent share of September retail sales through triple-digit growth. TVS nearly doubled its first-half sales to 2.90 lakh units for a 26 percent market share, while Bajaj sold 2.53 lakh units of its Chetak variants to claim a 23 percent share. Ather secured the third spot with 1.79 lakh units sold in the first half, bringing its total lifetime sales past 8 lakh units. Vida, supported by Hero, took fourth place with 1.23 lakh units sold, while Ola held fifth place with an 8 percent market share, down from 17 percent last year. Greaves Electric Mobility, River, BGauss, Bounce, and Simple rounded out the top manufacturers with strong year-on-year gains.

Context

Electric two-wheelers make up the vast majority of India's overall electric vehicle adoption, accounting for 62 percent of total EV sales in the April to September period. With around 200 active players in the sector and the festive shopping season just getting started, industry experts expect the strong demand momentum to continue through the rest of the financial year.