TL;DR
India's electric two-wheeler sales saw a mid-December slump, with TVS leading and Ola Electric experiencing a significant drop, mainly due to year-end deferrals and regional regulations.
The Indian electric two-wheeler market witnessed a notable slowdown in the first half of December 2025, following strong festive sales in October and November. Data from the VAHAN dashboard indicates a sharp decline in sales across most brands.
TVS Motor Company managed to retain its leading position, but other major players like Ola Electric and Ampere faced significant drops, with Ola experiencing a nearly 39% decline, exacerbated by regulatory shutdowns in key regions like Goa. The overall market dip is largely attributed to the typical year-end trend of consumers deferring purchases to ensure a 'January 2026' registration for better resale value. Hero Vida, however, showed the most resilience during this period.
