India E2W registrations rebound 8.4% MoM to 1.70 Lakh in May; Ola Electric jumps 22%
May E2W registrations hit 1.70 Lakh units, up 8.4% MoM and 69% YoY. Legacy OEMs led the pack with TVS at 42,376 units, Bajaj at 39,104 and Hero at 19,044. Ola Electric rebounded 22% to 15,139 units (9% share) while Ather stalled at 28,190 units (-0.9%, 16.5% share). Smaller players slipped double digits.
India's E2W registrations rebounded 8.4% MoM to 1.70 Lakh units in May, up 69% YoY. TVS, Bajaj, Hero led legacy OEMs; Ola Electric jumped 22% to 15,139 units while Ather stalled. Smaller players saw double-digit declines.
Why this matters
Ola Electric's 22% MoM rebound to 15,139 units marks a recovery after recent share losses, outpacing industry growth as legacy OEMs TVS, Bajaj and Hero continue to dominate the E2W leaderboard.
Retail-brand signals steady at 811 over the last 90 days, reflecting sustained EV registration momentum.