News on Medial

Related News

Bajaj overtakes TVS to lead October 2W EV sales, Ather remains third

EntrackrEntrackr · 19h ago
Bajaj overtakes TVS to lead October 2W EV sales, Ather remains third
Medial

Bajaj overtakes TVS to lead October 2W EV sales, Ather remains third Bajaj Auto overtook TVS Motor to lead October 2025 E2W sales with a 21.69% market share, as festive demand drove a 37% month-on-month rise to 1.43 lakh units. Bajaj Auto surpassed TVS Motor to emerge as the top electric two-wheeler (E2W) seller in October 2025, commanding a 21.69% market share. Driven by festive demand, overall E2W sales rose over 37% month-on-month to 1.43 lakh units, compared to 1.05 lakh units in September. According to Vahan data, Bajaj Auto recorded a nearly 60% month-on-month surge in electric two-wheeler registrations, rising to 31,168 units in October from 19,689 units in September. TVS Motor slipped to the second position in October with 29,484 registrations, accounting for a 20.52% market share. Boosted by festive demand, the company still recorded a strong 30% month-on-month growth. Ather Energy retained its third position in October, rebounding from flat growth in September to post a robust 53% increase with 28,061 registrations, capturing a strong 19.53% market share. At the end of Friday’s trading session, Ather’s shares closed at Rs 688.75, giving it a total market capitalization of Rs 26,194.83 crore (approximately $2.97 billion). The company also surpassed Ola Electric in terms of market capitalization. After a 30% month-on-month decline in September, Ola Electric rebounded in October amid festive demand, posting nearly 20% growth with 16,034 registrations and capturing an 11.16% market share. However, its market share dropped sharply from around 30% a year ago. Ola Electric’s shares on Friday closed at Rs 50.24, giving it a market capitalization of Rs 22,160 crore ($2.51 billion). Hero MotoCorp held its fifth position with 11.09% market share, registering 15,934 units in October. Greaves Electric Mobility, which ranked sixth in October, recorded a strong 78.5% month-on-month growth, expanding its market share to 5.31%. BGAUSS also witnessed healthy demand for its electric scooters, posting a 29% month-on-month increase in sales. IPO-bound Pure EV and River Mobility secured the 8th and 9th positions, holding market shares of 1.19% and 1.11%, respectively. Meanwhile, Revolt Motors surpassed Kinetic Green to enter the top 10, registering a strong 92% month-on-month growth in October.

Download the medial app to read full posts, comements and news.