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TVS Continues to Dominate the EV Market in July as Ola Electric and Ather Experience Declining Sales

TVS Continues to Dominate the EV Market in July as Ola Electric and Ather Experience Declining Sales



EV Two-Wheeler Registrations in India – July 2026 Report

EV Two-Wheeler Registrations in India – July 2026 Report

EV two-wheeler registrations in India exceeded 1.93 lakh in July 2026. TVS Motor solidified its position at the top by surpassing 50,000 registrations, while Ola Electric and Ather Energy experienced a decline in their sales.

Market Leaders in July

According to the recent Vahan data, TVS Motor dominated the EV two-wheeler market with 52,538 registrations in July, securing a market share of 27.15%. The company achieved a month-on-month growth of 10.8%, adding 5,125 registrations compared to June.

Bajaj Auto’s Performance

Bajaj Auto held onto the second position with 43,607 registrations and a market share of 22.53% in July. The registrations saw a slight increase from 43,504 units in June.

Ather Energy’s Position

Ather Energy maintained third place with 28,819 registrations and a market share of 14.89% in July. However, the company faced an 8.3% decline month-on-month, losing 2,616 registrations compared to June.

Hero MotoCorp’s Rankings

Hero MotoCorp ranked fourth with 21,174 registrations, achieving a market share of 10.94% in July. The company reported a modest decline of 3.3% from the previous month.

Ola Electric’s Setback

Ola Electric fell to fifth place with 13,170 registrations and a market share of 6.80% in July. The company faced a significant drop, with sales decreasing 19% month on month, translating to a loss of 3,079 units from 16,249 registrations in June.

Other Noteworthy Performers

Greaves Electric Mobility followed with 9,701 registrations and a 5.01% market share, also experiencing a sales drop of 11.3% compared to June.

Fastest-Growing Players

Among the rapidly growing companies in the top 10, BGauss reported the highest month-on-month growth at 33.9%, with registrations reaching 5,324 units. River Mobility also showed a notable increase of 24.8%, climbing to 5,554 units.

Other Contributors

Simple Energy recorded an 11.2% month-on-month growth, reaching 1,532 registrations in July. Lectrix EV successfully entered the top 10, increasing its registrations by 22.8% over June to reach 1,335 units.


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