Electric Two-Wheeler Sales Reach Record High in October 2026

India's electric two-wheeler segment recorded its strongest monthly performance in October 2026, with total registrations reaching 2,24,064 units.

Market Leaders

TVS Motor retained its leadership position in India's electric two-wheeler market, recording sales of 60,490 units in October 2026. This was an impressive 94.66 percent increase over the 31,075 units sold in October 2025, while month-on-month sales also grew by 11.94 percent compared to 54,037 units in September 2026. Bajaj Auto secured the second position with 49,156 units sold, accounting for a 21.9 percent market share. Its sales increased by 51.33 percent year-on-year from 32,462 units in October 2025, and month-on-month growth was 1.44 percent compared to 48,429 units in September 2026. Together, TVS Motor and Bajaj Auto registered combined sales of 1,09,616 units, accounting for approximately 48.9 percent of total electric two-wheeler registrations.

Other Key Players

Ola Electric faced challenges as its sales declined to 12,098 units, marking a 26.41 percent year-on-year decline compared to 16,439 units in October 2025, alongside a 10.06 percent drop from 13,451 units in September 2026. Meanwhile, Ather and Hero maintained healthy sales momentum, and emerging players such as River and BGauss reported strong growth.

Context

The Indian electric vehicle market continues to see shifting market shares as legacy automakers expand their battery-powered portfolios alongside specialized startups. Monthly registration figures reflect shifting consumer choices and production capacities across different brands in the fast-growing segment.