Electric Two-Wheeler Sales Surge in May 2025

Electric two-wheeler sales rose impressively in May 2025, achieving a total of 100,266 units in retail sales. This achievement stands as the second-highest monthly tally of the year, following March’s high of 131,364 units, as per data from Vahan.

TVS Motor Leads Electric Two-Wheeler Market

TVS Motor once again dominated the sales charts by recording 24,560 units sold, marking a significant year-on-year (YoY) growth of 107%. The company’s strategic expansion and commitment to diverse offerings enabled it to secure a substantial 24% share of the market in May.

Bajaj Auto Sees Impressive Growth

Trailing closely behind TVS, Bajaj Auto reported sales of 21,770 units, reflecting an impressive 135% YoY increase. Now, Bajaj holds a commanding 22% market share as of last month.

Ola Electric’s Sales Experience a Dip

Ola Electric, previously a market leader, encountered a 51% YoY decline in sales, settling at 18,499 units. Despite this downturn, Ola retained an 18% market share.

In April, Bajaj and Ola Electric were in a competitive race for market share. Nonetheless, Ola experienced a decline in performance, resulting in a slip to the third place last month.

Ather Energy’s Rapid Growth

Ather Energy, a competitor to Ola Electric and recently publicly listed, continued its rapid expansion by selling 12,840 units, which is a remarkable 109% increase compared to the previous year. Ather now holds a 13% share of the market.

For the first time, Ather Energy, led by Tarun Mehta, surpassed Ola Electric, headed by Bhavish Aggarwal, in quarterly revenue. In Q4 FY25, Ather posted an operating revenue of Rs 676 crore, while Ola’s revenue notably dropped by over 60% to Rs 611 crore during the same period.

Hero MotoCorp Makes a Comeback

Hero MotoCorp has also made a notable return to the electric vehicle market, selling 7,164 units, which translates to a remarkable 191% increase year-on-year.

Other Key Players in the Electric Two-Wheeler Sector

The list of the top 10 electric two-wheeler manufacturers includes Greaves Electric, Pur Energy, BGauss Auto, Kinetic Green, and River Mobility.