TVS retains EV two-wheeler lead in August as market declines 11%

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India’s electric two-wheeler industry recorded a 11% month-on-month decline in August to 1.82 lakh units from 2.05 lakh units in July, with most major players witnessing a steep drop. TVS Motor retained the top spot despite the broader market slowdown.
According to the latest Vahan data, TVS Motor led the EV two-wheeler market with 48,873 registrations in August and a 27.04% market share. The company recorded a 12.45% month-on-month decline, with 6,950 fewer registrations than in July.
Bajaj Auto retained the second spot with 41,019 registrations and a 22.42% market share in August. Its registrations fell 10.56% month on month from 45,862 units in July.
Ather Energy ranked third with 28,708 registrations and a 15.69% market share. The company reported a 6.29% month-on-month decline, with registrations falling by 1,928 units from July.
Hero MotoCorp stood fourth with 18,978 registrations and a 10.37% market share. Its registrations declined 17.45% month on month, while Ola Electric remained fifth with 13,849 registrations and a 7.57% market share.
Greaves Electric Mobility followed with 8,612 registrations and a 4.71% market share. Its registrations dropped 15% month on month. River Mobility and BGauss also saw registrations decline 14.86% and 12.86%, respectively.
Among the smaller players, Motovolt recorded the strongest month-on-month growth, with registrations more than doubled to 1,365 units. Simple Energy remained stable at 1,635 units in August.

document fetched 2026-09-02 02:59