India EV two-wheeler sales rebound to 150,796 units in May; TVS leads, Ola slips to fifth
Electric scooter registrations recovered to ~150,796 units in May after April's 22% MoM drop, though still below March's 192,000 peak. TVS (41,558) and Bajaj (38,012) overtook Ather (27,525), Hero (18,261) and Ola (14,752). Ola is pivoting to B2B, targeting gig riders for Zomato, Swiggy, Zepto and Blinkit.
What happened
Ola Electric · India's electric two-wheeler registrations rebounded to ~150,796 units in May after April's 22% drop. TVS led, followed by Bajaj, Ather, Hero and
Key facts
- 150,796 units in May
- 192,000 units in March
- 22% MoM fall in April
- TVS 41,558 units
- Bajaj 38,012 units
- Ather 27,525 units
- Hero 18,261 units
- Ola 14,752 units
Why this matters
The reshuffled top five — TVS and Bajaj ahead, Ola retreating to B2B — opens partnership windows with Ather and Hero seeking scale, and with delivery platforms (Zomato, Swiggy, Zepto, Blinkit) that Ola is now courting as captive fleet buyers.