India E2W registrations fall 16% in August as Ola Electric gains share
India electric two-wheeler registrations declined 16.2% month-on-month to 1.72 lakh units in August. TVS Motor and Bajaj Auto led the market, while Ola Electric lifted its share to 7.6% amid lower incentives, sub-₹1 lakh launches and planned capacity additions.
What happened
India electric two-wheeler registrations fell 16.2% in August to 1.72 lakh units. TVS Motor and Bajaj Auto retained leadership, while Ola Electric increased
Key facts
- India E2W registrations: 1.72 lakh in August, down 16.2% month-on-month from 2.05 lakh in July
- E2W registrations up 64% year-on-year from 1.05 lakh in August 2025
- TVS Motor: 46,587 registrations; iQube cumulative customers exceeded 1 million
- Bajaj Auto: 45,861 registrations; 22.5% market share; Chetak capacity target 60,000 units/month
- Hero MotoCorp: 17,432 registrations; EV capacity target 45,000 units/month
- Ola Electric: 13,132 registrations; 7.6% market share; ₹95.81 crore PLI incentive
- Ather Energy: 27,218 registrations
- Registered-E2W incentive cut to ₹2,500/kWh, capped at ₹5,000 per vehicle
Why this matters
Ola’s share expansion and planned capacity additions make product, battery, financing and retail-distribution partnerships increasingly strategic as the E2W market consolidates.