Highlights
TVS Motor Company Dominates Electric Two Wheeler Market in June 2025
TVS Motor Company has solidified its position as the leading manufacturer in India’s electric two wheeler (E2W) sector for June 2025 by achieving sales of 25,274 units, which signifies an impressive 80% increase year on year. As per data gathered from Vahan on July 1, the company commands a 24% market share, successfully holding the top spot for the third month in a row.
Bajaj Auto’s Impressive Performance in E2W Market
Bajaj Auto, which had come close to TVS in May, maintained its momentum by selling 23,004 units in June. This marks a remarkable 154% increase compared to the same month last year. With this performance, Bajaj now holds a 22% share of the E2W market and continues to secure its second position. Last month, Bajaj reported sales of 21,940 units.
Ola Electric, which led the electric vehicle market during much of 2023 and early 2024, experienced a downturn. The company sold 20,189 units in June, reflecting a 45% decrease from the previous year. Its market share plummeted from 46% in June 2024 to just 19%.
In a significant move, Hyundai Motor and Kia Corporation divested their entire stake in Ola Electric for Rs 690 crore through block deals in June. As Ola Electric approaches its first anniversary since going public, the company’s stock price has also continued to decline, currently trading at Rs 43, down 43% from its initial listing price of Rs 76.
Ather Energy and Hero MotoCorp Gain Momentum
Ather Energy maintained its fourth position in the E2W market, selling 14,512 units in June, which indicates a substantial 133% increase year on year. The company’s market share surged to 14%, up from 8% during the same month last year. Ather was also listed on the stock exchange in May this year.
Hero MotoCorp placed fifth with sales of 7,664 units, marking a 149% year on year increase. Its market share expanded to 7%, up from 4% a year earlier, indicating a strengthening presence in the E2W marketplace.
The rise of TVS and Bajaj, combined with Ola Electric’s decline, highlights a significant shift in India’s electric two wheeler market dynamics. Established automobile manufacturers are now capturing a larger share, outpacing the earlier growth driven by startups.