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Business / Wed, 08 Jul 2026 Autopunditz

Electric Two-Wheeler Sales June 2026: TVS Leads, Bajaj Closes Gap as EV Registrations Jump 75.5% YoY

Bajaj Auto remained the second-largest electric two-wheeler manufacturer with 43,392 registrations, growing 80.9% YoY and 9.8% MoM. Its market share climbed from 14.5% to 16.1%, making it one of the strongest performers among the leading OEMs. Its market share jumped from 7.2% to 11.3%, representing the largest gain among the top five manufacturers (+4.1 percentage points). Greaves Electric Mobility posted an excellent performance with 10,933 registrations, growing 153.7% YoY and 41.9% MoM, while increasing its market share to 5.6%. e-Sprinto recorded the highest YoY growth at 3,582%, albeit on a low base.

TVS Motor retained its leadership position with 47,220 registrations, posting a robust 76.6% YoY and 9.7% MoMgrowth. The company marginally improved its market share to 24.3%, reaffirming its strong retail acceptance led by the iQube portfolio.

Bajaj Auto remained the second-largest electric two-wheeler manufacturer with 43,392 registrations, growing 80.9% YoY and 9.8% MoM. Its market share improved from 21.7% to 22.3%, bringing it within just 3,800 units of TVS. The Chetak continues to witness strong demand across urban markets, helping Bajaj steadily strengthen its position.

Ather Energy delivered another impressive month, registering 31,318 units, representing 95.5% YoY growth and 9.8% MoM improvement. Its market share climbed from 14.5% to 16.1%, making it one of the strongest performers among the leading OEMs.

Hero MotoCorp's EV arm, Vida, was among the biggest winners in June. The company registered 21,879 units, up a remarkable 176.2% YoY, while growing 13.8% over May. Its market share jumped from 7.2% to 11.3%, representing the largest gain among the top five manufacturers (+4.1 percentage points). Hero Vida has now firmly established itself as India's fourth-largest electric two-wheeler brand.

Ola Electric remained the biggest disappointment in the June registrations. The company registered 16,183 units, down 21.8% YoY, despite posting a modest 6.3% MoM increase. Its market share plunged from 18.7% in June 2025 to just 8.3% in June 2026, marking the steepest decline among all major OEMs (-10.4 percentage points). While Ola continues to remain among the top five manufacturers by volume, competitive pressure from legacy OEMs and newer EV brands has significantly reshaped the market landscape.

Greaves Electric Mobility posted an excellent performance with 10,933 registrations, growing 153.7% YoY and 41.9% MoM, while increasing its market share to 5.6%.

River continued its impressive expansion with 4,421 registrations, recording 216% YoY growth.

BGauss almost doubled its volumes with 98.9% YoY growth to reach 3,929 units.

e-Sprinto recorded the highest YoY growth at 3,582%, albeit on a low base.

Simple Energy grew 211.8% YoY.

Bounce expanded by 399% YoY despite a slight MoM decline.

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