TL;DR
India's electric two-wheeler market rebounded strongly in May 2026, with major players reporting increased registrations following an April slowdown, partly due to rising fuel costs.
India's electric two-wheeler market experienced a robust recovery in May 2026, with registrations surging significantly after a dip observed in April. This rebound highlights the segment's resilience and growing consumer interest in electric mobility.
Market leader TVS Motor maintained its dominant position, reporting 41,558 unit sales in May, an increase from the previous month. Bajaj Auto closely followed with 38,012 units, while Ather Energy and Hero MotoCorp also registered higher sales figures. Ola Electric, despite facing stiff competition, is actively working to regain its market share, contributing to the overall positive momentum in the electric two-wheeler space. The recovery is partly attributed to the recent increase in fuel prices, driving more consumers towards cost-effective electric alternatives.
