India E2W Bookings Surge 64% YoY in June; TVS Holds Top Spot as Ola Share Halves
EV two-wheeler registrations rose 64% YoY to 1,81,168 units in June 2026. TVS led with 24.5% share (44,467 units), Bajaj followed at 22.4% and Ather at 16.2%, both gaining ground. Ola Electric's volumes fell 27.1% to 15,096 units, cutting its share to 8.3%, while Hero-backed Vida climbed to 11.2%.
What happened
TVS Motor · India EV two-wheeler registrations rose 64% YoY in June 2026 to 1.81 lakh units. TVS led with 24.5% share, Bajaj and Ather gained, while Ola
Key facts
- E2W registrations +64% YoY to 1,81,168 units June
- TVS 44,467 units, 24.5% share
- Bajaj 40,576 units, 22.4% share
- Ather 29,422 units, 16.2% share
- Ola 15,096 units, -27.1%, 8.3% share
- Vida 20,198 units, 11.2% share
Why this matters
Ola's halved share and Vida's climb to 11.2% reshape the competitive field, opening windows for partnership, supply-chain, or distressed-asset conversations as the E2W hierarchy resets.
What to watch
- Ola monthly registration trend for 2-3 consecutive months (stabilization vs continued decline)
- Any price-cut announcements signaling margin-eroding war
- FAME-III / state subsidy renewals or expiries
- Battery cell price movements and supply-chain localization news
- Vida's share retention above 10% in subsequent months
- Ola's service-complaint and customer-satisfaction data flows
- Ola Electric to announce aggressive pricing, extended warranties, or service-network expansion to halt share bleed
- TVS and Bajaj to expand production capacity and launch new variants to lock in lead
- Ather to push fast-charging network and premium positioning to defend No.3
- Component and battery suppliers to renegotiate volume contracts with rising incumbents
- Dealers to reallocate floor space and capital away from underperforming Ola toward TVS/Bajaj/Vida