Ather leads EV two-wheeler stock race in 2026 as TVS slips, Bajaj stalls
YTD 2026 scoreboard for India's listed EV two-wheeler plays: Ather Energy +40.8%, Ola Electric +26.1%, Bajaj Auto +5.9%, TVS Motor -12%. Analysts call TVS and Bajaj the stable scale leaders, flag Ather's innovation edge via Rizta, and tag Ola as a high-risk rebound trade.
What happened
Ather Energy · Analysts compare India's EV two-wheeler stocks YTD 2026: Ather up 40.8%, Ola Electric 26%, Bajaj 5.9%, TVS down 12%. TVS and Bajaj seen as stable
Key facts
- 40.80%
- 26.07%
- 5.94%
- -11.96%
Why this matters
Diverging equity trajectories sharpen M&A and partnership leverage for Ather and Ola while pressuring Bajaj and TVS to accelerate EV portfolio deals or platform tie-ups to defend strategic relevance.