TL;DR
Ola Electric's sales for 2025 halved, leading to TVS Motor Company becoming India's top electric two-wheeler manufacturer.
Ola Electric, a prominent player in India's electric two-wheeler market, experienced a significant downturn in 2025, with its sales halving compared to the previous year. According to VAHAN registration data as of December 26, 2025, Ola Electric recorded 1,96,767 unit registrations in 2025, a substantial drop from the 4,07,701 units sold in calendar year 2024.
This decline allowed TVS Motor Company to dethrone Ola Electric, emerging as the largest electric two-wheeler manufacturer in 2025 with sales of 2,95,315 units. Bajaj Auto secured the second position with 2,66,919 units sold, further indicating a shift in market leadership. The latter part of the year saw Ola Electric's sales fall below the 10,000-unit mark in both November and December, reflecting a challenging period for the company.
