TVS extends lead in July as Ola Electric, Ather record decline in EV two-wheeler sales

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EV two-wheeler registrations in India stayed above 1.93 lakh in July 2026. TVS Motor strengthened its leadership by crossing 50,000 registrations, while Ola Electric and Ather Energy witnessed a drop in sales.
According to the latest Vahan data, TVS Motor led the EV two-wheeler market with 52,538 registrations in July and a 27.15% market share. The company posted 10.8% month-on-month growth, with 5,125 more registrations than in June.
Bajaj Auto retained the second spot with 43,607 registrations and a 22.53% market share in July. Its registrations rose marginally from 43,504 units in June.
Ather Energy retained the third position with 28,819 registrations and a 14.89% market share in July. The company recorded an 8.3% month-on-month decline, with 2,616 fewer registrations than in June.
Hero MotoCorp ranked fourth with 21,174 registrations and a 10.94% market share in July. The company reported a marginal 3.3% month-on-month decline.
Ola Electric remained fifth with 13,170 registrations and a 6.80% market share in July. The company recorded one of the steepest declines among the leading EV two-wheeler makers, with sales falling 19% month on month, or by 3,079 units, from 16,249 registrations in July.
Greaves Electric Mobility followed with 9,701 registrations and a 5.01% market share after its sales dropped 11.3% over June.
Among the fastest-growing players in the top 10, BGauss recorded the strongest month-on-month growth at 33.9%, with registrations rising to 5,324 units. River Mobility followed with a 24.8% increase to 5,554 units.
Among the other players, Simple Energy posted an 11.2% month-on-month growth, with registrations rising to 1,532 units in July. Lectrix EV entered the top 10 after its registrations increased 22.8% over June to 1,335 units.

document fetched 2026-08-01 08:23