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TVS tops April monthly sales as competition tightens in electric two-wheeler segment

YourStory

YourStory · 3m ago

TVS tops April monthly sales as competition tightens in electric two-wheeler segment

In April, TVS Motor led electric two-wheeler sales with 19,749 units, overtaking rivals like Ola Electric and Bajaj Auto. Ola sold 19,709 units, and Bajaj sold 19,011 units. Ather Energy, preparing for public listing, sold 13,173 units. This competitive landscape frequently shifts, with Bajaj and Ola previously leading sales. Ola faces regulatory scrutiny over sales report discrepancies. TVS's success stems from the growing demand for its iQube Electric scooters.

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Related News

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

Entrackr

Entrackr · 4m ago

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

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.

TVS Motor’s 2W EV sales hold ground as iQube-maker tops June monthly sales

YourStory

YourStory · 1m ago

TVS Motor’s 2W EV sales hold ground as iQube-maker tops June monthly sales

TVS Motor Company maintained its lead as India’s top two-wheeler EV manufacturer in June, holding about 27% of market share. The iQube maker has seen a continued rise in demand despite competition from Bajaj Auto and Ola Electric. Bajaj Auto secured 24.5% market share, while Ola experienced a 45% year-on-year sales drop. New entrant Ather Energy more than doubled sales, reflecting growing competitiveness in the EV sector amid global supply concerns.

TVS Motor registers highest ever sales in FY24

Money Control

Money Control · 1y ago

TVS Motor registers highest ever sales in FY24

TVS Motor Company recorded a 14% increase in total sales in FY24, reaching 41.91 lakh units. Two-wheeler sales accounted for a 15% growth, reaching 40.45 lakh units, while three-wheeler sales decreased to 1.46 lakh units. The company reported a growth of 23% in the fourth quarter of FY24. In the electric vehicle segment, TVS Motor achieved the highest sales in March 2024, with 15,250 units sold.

EV 2W Race Heats Up: Ather Energy cuts price of 450S to take on rivals Ola Electric, TVS

Inc42 · 1y ago

EV 2W Race Heats Up: Ather Energy cuts price of 450S to take on rivals Ola Electric, TVS

Ather Energy has reduced the price of its electric scooter variant, the 450S, by INR 20,000 in order to boost sales and compete in the growing electric two-wheeler market. The entry-level scooter will now be priced at INR 1.09 Lakh in Bengaluru and INR 97,500 in Delhi. Ather is also offering a "Pro Pack" at a reduced cost, which unlocks additional features. The price cut comes as Ather faces increased competition from Ola Electric, TVS Motor, and Bajaj Auto in the electric two-wheeler space.

Ola, Tata Motors continue to lead market in electric two-wheeler, passenger vehicle segments

Thehindubusinessline

Thehindubusinessline · 1y ago

Ola, Tata Motors continue to lead market in electric two-wheeler, passenger vehicle segments

According to the Federation of Automobile Dealers Associations (FADA), Ola Electric and Tata Motors are leading the market in retail sales of electric two-wheelers (e2W) and passenger vehicles (PV) respectively. Ola Electric sold 32,252 e2W units in January, while Tata Motors sold 5,591 EV units. TVS Motor and Bajaj Auto were also significant players in the e2W segment. The total retail sales of e2W grew by 26.14% YoY. In the luxury car segment, BMW India and Mercedes-Benz India were the top performers. The electric three-wheeler segment saw a YoY growth of 54.45%.

Electric two-wheeler sales drop 50% on month in April

Economic Times

Economic Times · 1y ago

Electric two-wheeler sales drop 50% on month in April

Electric two-wheeler sales in India experienced a significant decline of almost 50% in April due to a seasonal slowdown and changes in subsidies for the industry. Ola Electric led the market with over 33,000 units sold, although this was a drop from the previous month's record high of over 50,000 units. Legacy companies like Bajaj and TVS Motors also saw a slump in sales. The transition from one subsidy program to another also caused production slowdowns as manufacturers awaited further clarity on subsidies. Despite this, the overall EV two-wheeler market grew by 30% compared to the previous year.

Rare earth magnet supply issues impact August e-scooter rankings: TVS on top, Ather switches gear to race past Ola Electric

Economic Times

Economic Times · 1d ago

Rare earth magnet supply issues impact August e-scooter rankings: TVS on top, Ather switches gear to race past Ola Electric

The prolonged shortage of rare earth magnets has disrupted electric vehicle production, causing shifts in the two-wheeler market rankings. TVS Motor maintained its lead, with Bengaluru-based Ather Energy surpassing Ola Electric in monthly sales volumes. Bajaj Auto fell to fifth due to supply constraints. Meanwhile, Ola Electric faced challenges including sales data discrepancies, but received production-linked incentive certification for its Gen 3 scooter portfolio, boosting its path to profitability. The market anticipates supply chain stabilization soon.

TVS and Bajaj battle for E2W leadership as Ola Electric's market share drops to 18% in May

YourStory

YourStory · 2m ago

TVS and Bajaj battle for E2W leadership as Ola Electric's market share drops to 18% in May

TVS Motor maintained its lead in the electric two-wheeler (E2W) market, selling 26,144 units in May and holding a 26% market share. Bajaj Auto, with its Chetak Electric, sold 28,062 units, securing 27% market share. Ola Electric's sales dropped to 17,947 units, decreasing its market share to 17.89%. Ather Energy sold 12,841 units, gaining a 12% market share. Competition is intensifying, with TVS and Bajaj overtaking Ola, previously a market leader.

TVS tops electric 2W sales, Ather switches gear to race past Ola Electric - The Economic Times

Economic Times

Economic Times · 1d ago

TVS tops electric 2W sales, Ather switches gear to race past Ola Electric - The Economic Times

TVS Motor maintained its lead in August's electric two-wheeler sales, with a 24.8% market share, despite rare earth magnet shortages affecting production. Ather Energy surpassed Ola Electric, claiming second place with a 17.9% share. Meanwhile, Bajaj Auto, impacted by supply constraints, dropped to fifth place. Ola Electric faced challenges, including market share loss and quality concerns, but received PLI certification for its scooters, aiding profitability efforts. The rare earth magnet supply issues are expected to stabilize soon.

TVS Motor sales up 10% in June

Economic Times

Economic Times · 1m ago

TVS Motor sales up 10% in June

TVS Motor Company reported a significant 20% year-on-year increase in total sales for June, reaching 402,001 units, compared to 333,646 units the previous year. The two-wheeler segment saw a similar 20% growth, with domestic sales rising by 10%. Additionally, three-wheeler sales increased by 42%, with total exports growing by 54%. This reflects a strong market performance and demand across different vehicle categories for TVS Motor Company during this period.

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