EV two-wheeler sales jump 58% YoY to 1.64 lakh in May; TVS leads, Ola halves
India's electric two-wheeler registrations surged 58% YoY and 18% MoM to 1.64 lakh units in May 2026, with analysts citing fuel-supply anxiety post West Asia conflict. TVS Motor leads at 25% share (41,489 units), Bajaj follows at 23%, while Ather doubled volumes (96% YoY) to 17%. 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 with 25% share; Ather doubled volumes while Ola Electric's share halved to 9%.