India’s Electric Two-Wheeler Market Decline

India’s electric two-wheeler sector experienced an 11% decrease month-on-month in August, with total registrations dropping to 1.82 lakh units from 2.05 lakh units in July. This trend affected most major manufacturers. TVS Motor maintained its leading position despite the market downturn.

TVS Motor Leads the Market

As per the latest Vahan data, TVS Motor topped the electric vehicle (EV) two-wheeler segment with 48,873 registrations in August, achieving a market share of 27.04%. The company faced a month-on-month decline of 12.45%, registering 6,950 fewer units compared to July.

Bajaj Auto’s Performance

Bajaj Auto held onto the second spot with 41,019 registrations, capturing a 22.42% market share in August. The company experienced a 10.56% decrease in registrations, down from 45,862 units in July.

Ather Energy’s Growth

Ather Energy ranked third, recording 28,708 units and a 15.69% market share. The company noted a 6.29% month-on-month reduction, with registrations declining by 1,928 units from July figures.

Hero MotoCorp and Ola Electric

Hero MotoCorp came in fourth with 18,978 registrations and a 10.37% market share, facing a month-on-month decline of 17.45%. Ola Electric followed closely in fifth place, achieving 13,849 registrations and a market share of 7.57%.

Other Key Players

Greaves Electric Mobility recorded 8,612 registrations, holding a 4.71% market share, also seeing a 15% decrease month-on-month. River Mobility and BGauss faced registration declines of 14.86% and 12.86%, respectively.

Small Players in the Market

Among smaller manufacturers, Motovolt stood out with substantial month-on-month growth, as its registrations more than doubled to reach 1,365 units. Simple Energy remained steady, with 1,635 units reported in August.