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TVS leads December E2W sales, Ather falls 20%, Ola Electric improves

EntrackrEntrackr · 19d ago
TVS leads December E2W sales, Ather falls 20%, Ola Electric improves
Medial

TVS leads December E2W sales, Ather falls 20%, Ola Electric improves TVS Motor closed 2025 as the leader in India’s electric two-wheeler market, with a 26.14% market share in December. However, the overall E2W market declined 19% month-on-month. According to Vahan data, after a 20% decline in November, electric two-wheeler sales fell another 19% month-on-month to 93,000 units. Despite a drop of over 20% in TVS Motor’s sales, its market share rose marginally to 26.14%, with registrations of 24,317 units. Bajaj Auto’s sales fell 29% to 18,197 units in December, from 25,700 units in November, with its market share declining to 19.56%. Ather Energy retained its third position in December, though registrations declined 20% month-on-month to 16,391 units from 20,488 in November. The company held a 17.62% market share. Ather’s current market capitalization stands at Rs 28,870.6 crore ($3.2 billion). Hero MotoCorp maintained the fourth spot after overtaking Ola Electric last month, despite a 15.76% month-on-month decline in sales. The company registered 10,340 units and held an 11.12% market share. Ola Electric’s sales remained largely flat at 8,402 units in December, even as rivals saw sharp declines. Its market share rose by 2% to 9.03%, placing the company fifth. Ola Electric’s shares closed at Rs 36.2 on Wednesday. The company’s market capitalization now stands at Rs 15,967 crore ($1.8 billion). Greaves Electric Mobility, BGauss, and River Mobility retained their positions at sixth, seventh, and eighth, respectively. However, their sales declined sharply in December by 24.87%, 31.96%, and 6.15% month-on-month. e-Sprinto entered the top 10 electric two-wheeler companies, replacing Kinetic Green. The company nearly doubled its sales in December to 1,324 units, capturing a 1.42% market share. On an annual basis, the electric two-wheeler industry recorded 12.75 lakh units in 2025, an 11% year-on-year increase from 11.5 lakh units in 2024. TVS Motor led the market with 2.98 lakh units, followed by Bajaj Auto with 2.69 lakh units. Ather Energy ranked third at 2 lakh units, followed by Ola Electric at 1.98 lakh units, while Hero MotoCorp stood fifth with 1.09 lakh units.

TVS leads May EV 2W sales, Bajaj narrows gap as Ola Electric slips to third

EntrackrEntrackr · 7m ago
TVS leads May EV 2W sales, Bajaj narrows gap as Ola Electric slips to third
Medial

In May 2025, the electric two-wheeler (E2W) segment achieved retail sales of 100,266 units, the second-highest monthly figure of the year. TVS Motor led the market with 24,560 units sold, a 107% year-on-year (YoY) growth, securing a 24% market share. Bajaj Auto followed closely with 21,770 units, a 135% YoY growth, holding a 22% market share. Ola Electric experienced a 51% YoY sales decline to 18,499 units but maintained an 18% market share. Ola slipped to third position behind Bajaj. Ather Energy sold 12,840 units, representing a 109% increase, gaining a 13% market share and surpassing Ola Electric in Q4 FY25 revenue with Rs 676 crore compared to Ola's Rs 611 crore. Hero MotoCorp re-entered the EV market with a 191% sales increase to 7,164 units.

TVS Motor tops E2W market in April, surpasses Bajaj Auto and Ola Electric

EntrackrEntrackr · 8m ago
TVS Motor tops E2W market in April, surpasses Bajaj Auto and Ola Electric
Medial

TVS Motor has emerged as the leader in India's electric two-wheeler (E2W) market for April 2025, surpassing Bajaj Auto and Ola Electric, which previously held the top spot. Last month, TVS sold 19,736 units, a 154% year-over-year (YoY) increase with a 22% market share, according to Vahan data. In comparison, Ola Electric sold 19,709 units, a 42% decline from the previous year, and held a 21% market share. Bajaj Auto saw a 151% YoY growth to 19,001 units and secured a 21% market share. Ather Energy saw a 31% increase in sales to 13,167 units, holding a 14% market share. Hero MotoCorp reported a remarkable 540% YoY growth, with 6,123 units sold and a 7% market share. While Ola Electric has increased its market share on a month-on-month basis, the decline in sales can be attributed to increased competition and strategic shifts. The Bhavish Aggarwal-led company also faced significant regulatory scrutiny and potential showroom shutdowns due to violations related to trade certificates and vehicle registrations in several states, including Maharashtra. However, the company said it is unaware of any official notice directing the closure of over 100 of its showrooms in Maharashtra. In contrast, traditional players like TVS, Bajaj, and Ather have capitalized on the growing demand for electric two-wheelers, with TVS achieving its best-ever April sales and leading the market for the first time. Bajaj Auto's performance was bolstered by strong sales of its Chetak e-scooter, which topped e-scooter sales in Q4 FY25. Ola Electric will also face competition from Ather Energy in the public market, as the latter recently closed its subscription window and is now set to be listed on the stock exchange.

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