TVS Dominates August 2W EV Sales; Ola Electric Surpasses Bajaj, Ather Climbs to Third Position
TVS Motor retained its leadership in the electric two-wheeler segment in August, securing a 23.09% share.
TVS Motor retained its leadership in the electric two-wheeler segment in August, securing a 23.09% share.
Ola Electric’s revenue from operations decreased by 49.6% to Rs 824 crore in Q1 FY26, down sharply.
TVS Motor Company extended its lead in the E2W segment with 25,274 units, marking an 80% year-on-year increase.
Hyundai and Kia have exited Ola Electric, selling their stake for Rs 690 crore, signaling a pullback.
May 2025 saw strong electric two-wheeler sales, with TVS leading at 24,560 units for 24% market share.
Ola Electric Mobility has approved a plan to raise up to Rs 1,700 crore through debt instruments.
Ola Electric faces SEBI scrutiny over alleged insider trading linked to suspicious share activity.
TVS Motor leads India's electric two-wheeler market for April 2025, surpassing Bajaj Auto and Ola.
Ola Electric registered 23,430 units in March 2025, lagging behind Bajaj Auto and TVS.