Electric Two-Wheeler Sales Reach 2.24 Lakh Units in October 2026
India's electric two-wheeler segment achieves record sales, marking significant growth year-on-year.
Total electric two-wheeler registrations hit 2,24,064 units in October 2026.
TVS Motor leads the market with a 94.66% increase in sales compared to last year.
Ola Electric faces challenges with a 26.41% decline in sales year-on-year.
In October 2026, India's electric two-wheeler market achieved a remarkable milestone, recording total sales of 2,24,064 units. This figure marks a substantial year-on-year growth of 48.49% compared to the 1,50,890 units sold in October 2025, and an 8.08% increase from the previous month’s sales of 2,07,314 units in September 2026.
The surge in sales reflects a growing consumer preference for electric vehicles, driven by increasing environmental awareness and government incentives. The electric two-wheeler segment added 73,174 units year-on-year and 16,750 units month-on-month, showcasing the sector's robust expansion.
TVS Motor Company maintained its leadership position in the electric two-wheeler market, selling 60,490 units in October 2026, which is a remarkable increase of 94.66% from the 31,075 units sold in the same month last year. Month-on-month, sales rose by 11.94% from 54,037 units in September 2026. Bajaj Auto followed closely, securing the second position with 49,156 units sold, representing a 51.33% year-on-year growth.
Other manufacturers also reported significant sales figures. Ather Energy recorded 31,833 units, showing a 5.25% increase year-on-year, while Hero MotoCorp's sales reached 29,923 units, reflecting an 81.36% rise. In contrast, Ola Electric struggled with a decline in sales, dropping to 12,098 units, a 26.41% decrease compared to October 2025.
The overall market dynamics indicate a competitive landscape, with TVS Motor and Bajaj Auto solidifying their positions, while emerging players like River Mobility and BGauss also reported impressive growth. River Mobility's sales surged by 273.94% year-on-year, reaching 6,817 units. As the electric two-wheeler market continues to evolve, the upcoming months will be crucial for maintaining this growth trajectory and addressing the challenges faced by certain manufacturers like Ola Electric.
