E2W Registrations Rebound 8.4% In May; Ola Electric Surges 22% As TVS Holds Lead
India's electric two-wheeler market clocked 1.70 lakh units in May, up 8.4% MoM and 69% YoY. TVS Motor led with 42,376 units, followed by Bajaj at 39,104 and Hero at 19,044. Ola Electric rebounded 22% to 15,139 units but market share slipped to ~9%, while Ather held flat at 28,190 units with 16.5% share.
India E2W registrations rebounded 8.4% MoM to 1.70 lakh units in May. TVS leads with 42,376 units; Ola Electric jumped 22% to 15,139 units; Ather flat; smaller players declined double-digits.
Why this matters
Ola's 22% MoM rebound aligns with prior signals on May volume recovery and a 60% three-month stock rally, yet share at ~9% confirms structural slippage versus TVS, Bajaj, and Ather.
Retail-company signals steady at 1,567 over 90 days, reflecting sustained tracking of E2W share shifts.
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