EV two-wheeler sales jump 58% YoY in May 2026; TVS leads, Ola halves
India's electric two-wheeler registrations hit 1.64 lakh units in May 2026, up 58% YoY and 18% MoM, as fuel supply anxiety post West Asia conflict pulled buyers in. TVS leads with 25% share (41,489 units), Bajaj at 23%, Ather doubled to 17%, while Ola Electric's share halved to 9%.
India EV two-wheeler registrations rose 58% YoY to 1.64 lakh units in May 2026, driven by fuel supply anxiety post West Asia conflict. TVS leads at 25% share; Ather doubled to 17%; Ola Electric share halved to 9%.
Why this matters
TVS extends its lead in India's EV two-wheeler market as Ola Electric continues to slip. Prior monthly signals also showed TVS topping the table while Ola's share contracted, signaling a structural reshuffle at the top.
Retail-brand signals steady at 775 over the last 90 days, indicating sustained category coverage.
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