TL;DR
TVS Motor secured the top spot in India's booming electric two-wheeler market in 2025, which saw over 1.27 million registrations, indicating strong growth and setting the stage for increased competition and potential price hikes in 2026.
India's electric two-wheeler market experienced a significant boom in 2025, with total registrations exceeding 1.27 million units. This represents a substantial increase compared to the 1.14 million units registered in 2024, indicating a strong shift towards electric mobility driven by growing environmental awareness and government incentives.
TVS Motor Company emerged as the frontrunner, capturing a considerable 23.5% market share, largely propelled by the popularity of its iQube range. Bajaj Auto secured the second position with 24.9%, closely followed by Ola Electric at 18.8%, and Ather Energy with 14.2% of the market.
Industry experts anticipate intensified competition in 2026, with original equipment manufacturers (OEMs) preparing for selective price adjustments due to rising battery and component costs. Furthermore, an expansion of product portfolios with refreshed models and new launches across various segments is expected to further shape the market landscape.
