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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 Motor reclaims top spot in Nov E2W sales; Ola Electric plunges 50%

EntrackrEntrackr · 1m ago
TVS Motor reclaims top spot in Nov E2W sales; Ola Electric plunges 50%
Medial

TVS Motor reclaims top spot in Nov E2W sales; Ola Electric plunges 50% TVS Motor regained the top spot in November 2025 with a 25.92% share of the electric two-wheeler (E2W) market. At the same time, Ola Electric’s sales plunged nearly 50%, pushing the company down to the fifth position. According to Vahan data, overall E2W sales fell over 20% to 1.15 lakh units in November from 1.44 lakh in October, with the previous month benefiting from festive demand. Despite the broader decline, TVS Motor held steady with 29,756 registrations in November. Bajaj Auto slipped to the second spot as its E2W sales fell 20% to 25,085 units in November, down from 31,392 units in October. Bajaj’s market share dropped to 21.85%. Ather Energy retained its third position in November but saw a 30% month-on-month decline, with registrations falling to 20,018 units from 28,405 in October. The company holds a 17.43% market share. Hero MotoCorp moved up to the fourth spot despite a 26.34% month-on-month decline in sales. The company registered 11,795 units in November and held a 10.27% market share. After recording 20% growth in October, Ola Electric saw a sharp near-50% month-on-month decline in November, with registrations dropping to 8,254 units from 16,013. The company slipped to fifth position in E2W sales, with its market share falling to 7.19% from 11.16% in October. Greaves Electric Mobility, which was sixth in October, saw a 25.4% month-on-month decline and registered 5,692 units in November, holding a 4.96% market share. BGAUSS followed in seventh place with 2,557 units and a 2.23% market share. Despite the overall decline in E2W sales, River Mobility and Kinetic Green posted positive growth of 8.8% and 12.34% respectively in November, securing the eighth and ninth positions. In contrast, Pure EV slipped to tenth place after a steep 37.84% drop in sales.

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