Electric 2-wheelers cross 10% market penetration in June, led by scooters
E2W registrations hit 162,321 in June, lifting penetration to 10.36% from 9.18% in May and 7.28% a year ago. Scooters dominate while electric motorcycles stay tiny, pushing Ola, Ather, Royal Enfield, Bajaj and TVS into the e-motorbike segment ahead of a 30% EV target by 2030.
What happened
Ola Electric · Electric two-wheelers crossed 10% market penetration in June with 162,321 registrations. Scooters dominate while electric motorcycles remain
Key facts
- 162,321 e2w registrations June
- 10.36% penetration
- 7.28% year ago
- 9.18% May
- 1.56 million total 2W registrations
- 0.34% FY21
- 30% EV target by 2030
Why this matters
With incumbents Royal Enfield and Bajaj pushing into e-motorbikes alongside EV-natives Ola and Ather, there's a near-term window for partnerships, supply-chain, or charging-infrastructure plays before the motorcycle segment consolidates around the 2030 target.
What to watch
- FAME-II/subsidy policy revisions and GST treatment
- Monthly E2W registration prints (Vahan) crossing 12%
- First credible e-motorcycle launches and order books
- Charging infrastructure rollout and battery cost trends
- ICE 2W discounting as defensive response
- Legacy OEMs (Bajaj, TVS, RE) fast-track e-motorcycle launches to capture untapped segment
- Ola/Ather expand financing and exchange schemes to pull fence-sitters
- Component and battery suppliers scale local capacity to hedge demand
- Dealers reallocate floor space and service investment toward E2W