The Indian electric two-wheeler industry has notched its second-highest monthly retail sales total in June. The 193,495 zero-emission scooters, motorcycles and mopeds delivered to customers last month are a 75% YoY increase (June 2025: 110,719 units) and just 5,891 units shorter of the record sales in March 2026 (199,386 units).
Picking up from May, which saw a sales spike due to four petrol hikes, June 2026 witnessed a 12% month-on-month increase to take cumulative January-June 2026 sales to 970,611 units, up 53% YoY (H1 CY2026: 633,590 units). In a segment which has over 175 players, let’s take a closer look at the Top 10 led by TVS Motor Co.
With 193,495 electric 2-wheelers sold, June registered a 12% month-on-month increase to take cumulative January-June 2026 sales to 970,611 units, up 53% year on year.
TVS Motor Co: 46,999 units, up 76% YoY
Market share: 24%
Electric 2W market leader TVS Motor Co, with 46,999 units and handsome 76% YoY growth (June 2026: 26,74 units), registered its second-highest monthly retails after the record 51,630 units it sold in March this year. This gives TVS a 24% market share, the same as in June 2025. Each of the first three months of the current fiscal year have seen 40,000-plus sales: April (40,106 units), May (42,965 units) and June (46,999 units).
While the flagship iQube remains the model with the highest share of sales, the Orbiter is witnessing growing demand. What has helped drive demand is TVS’ strategic move to offer the Battery-As-A-Service (BaaS) across its EV portfolio. The BaaS model lowers the upfront cost, while offering customers long-term battery assurance. Among the highlights of June for TVS was achieving the cumulative 1-million sales milestone to be the second OEM to do so after Ola.
With 251,335 iQubes and Orbiters sold in January-June this year, TVS looks well set to surpass the 500,000-units or half-a-million annual sales milestone, for the first time in CY2026.
Bajaj Auto: 43,234 units, up 80% YoY
Market share: 22%
Bajaj Auto, the firm No. 2 e-2W OEM and the closest challenger to TVS, sold 43,234 units. This marks robust 80% YoY growth (June 2025: 23,987 units, giving the Chetak manufacturer a 22% market share. Like TVS, this is also Bajaj Auto’s second-highest monthly retail sales after March 2026 (47,743 units). The gap between TVS and Bajaj has been narrowing steadily – the two were separated by just 3,765 units in June, compared to 9,563 units in January. In June, Bajaj Auto became the third Indian e-2W manufacturer to surpass 800,000 sales.
Having averaged monthly sales of over 36,000 units in the first six months of this year, Bajaj Auto should cross the 300,000 annual sales by mid-August and then go on to surpass 400,000 sales by the end of CY2026. It will be achieving both these milestones for the first time in a calendar year.
Ather Energy: 31,188 units, up 95% YoY
Market share: 16%
Like TVS and Bajaj, Ather Energy too has clocked its second-highest monthly sales in June. The 31,188 units are the second time the Bengaluru-based e-2W startup has sold over 30,000 units, with the highest being in March 2026 (36,365 units). Ather’s stellar sales last month are a 95% YoY increase (June 2025: 16,015 units) which sees its market share rise to 16% from 14% a year ago. The Rizta family scooter, which has crossed 300,000 cumulative sales, remains the most popular product for Ather which last week surpassed the 700,000 sales milestone.
Hero MotoCorp (Vida): 21,792 units, up 175% YoY
Market share: 11%
The EV arm of the world’s largest 2W manufacturer continues to shine. Hero Vida e-scooter deliveries of 21,792 units were a 175% YoY increase (June 2025: 7,920 units) and only the second instance of over 20,000 monthly sales. June numbers missed the highest Vida sales total of 22,201 by only 409 units.
At 105,986 units in the first six months of this year, Hero Vida retail sales are already 94% of its CY2025 sales of 113,021 units and indicate that Hero MotoCorp will, for the first time, achieve the 200,000 annual sales milestone for its EVs.
Ola Electric: 16,144 units, down 22% YoY
Market share: 8%
Ola Electric, the longstanding e-2W market leader till April 2025, is witnessing a revival in demand. The company, which manufactures both e-scooters and e-motorcycles, delivered 16,144 units to its customers in June. While this number is down 22% YoY (June 2025: 20,697 units), it also marks the fifth straight month-on-month growth for Ola – March (10,272 units), April (12,237 units), May (15,218 units) and now June (16,144 units). Ranked No. 5 on the OEM ladder, Ola’s current monthly market share is 8%, considerably down from the 19% it had in June 2025 when it was ranked No. 3 after TVS and Bajaj Auto.
Greaves Electric Mobility: 10,928 units, up 152% YoY
Market share: 6%
The IPO-bound Greaves Electric Mobility, the manufacturer of Ampere e-scooters, is another OEM which is witnessing growing demand for its products. In June 2026, the company delivered 10,928 units, marking handsome 152% YoY growth (June 2025: 4,334 units). This robust performance, which sees GEM breach the 10,000-units monthly retail sales mark after nearly three years, sees the Ampere scooter market share rise to 6% from 4% a year ago. At nearly 44,000 units sold in the first six months of this year, GEM is well placed to cross 100,000 units in CY2026. Demand has risen following the launch of the new Ampere Magnus Neo, a lighter and redesigned variant aimed at urban commuter buyers. GEM’s EV portfolio comprises the Nexus (EX and ST), Magnus (G Max, Grand, Neo) and Reo 80 brands.
River Mobility: 4,391 units, up 214% YoY
Market share: 2%
Bengaluru-based River Mobility, which is witnessing growing demand for its sole product – the River Indie – delivered 4,391 units, up 214% YoY (June 2025: 1,399 units). This sees the company double its e-2W market share to 2 percent. The EV startup had clocked its highest monthly sales in March 2026 (4,271 units) and has sold over 43,000 Indies to date since the e-scooter’s rollout in October 2023.
The last three OEMs in the Top 10 list comprise three startups. At No. 8 is Bgauss Auto, which began sales in August 2022 and is now a regular in the monthly Top 10 OEM list. Bgauss sold 3,916 units last month, up 98% YoY and 19% MoM (May 2026: 3,299 units). Between January and June, Bgauss has sold 19,480 units which gives it a 2% share of all-India e-2W sales in H1 CY2026.
The Delhi-based E-Sprinto Green Energy is also registering good demand for its e-scooters. In June, this startup sold 1,878 units and a 1% market share to take ninth rank amongst 175 players.
Wrapping up the Top 10 is Simple Energy which sold 1,365 e-scooters last month. The company, which has a three-model portfolio – Simple One (4.5 kWh, 5 kWh), OneS and Ultra, has outlined an ambitious future sales target of 10,000 units a month by March 2027. It could be banking on the upcoming e-scooter, understood to be called the Simple Arrive and a family-centric model aimed to rival the TVS iQube, Ather Rizta and Bajaj Chetak.
The Top 10 e-2W OEMs’ sales of 181,835 units gave them a 94% share of last month’s sales, leaving just 6% to be fought over by 165 other players in this EV category.
Promise of Strong Growth Continuing in CY2026
The e-2W segment, the largest volume provider to India EV Inc, is on a roll this year. The 970,611 electric scooters, bikes and mopeds sold in the first six months of this year are already 72% of the record 1.34 million units sold in CY2025. With petrol prices surging in May as a result of multiple hikes, a growing number of ICE scooter buyers are actively considering a shift to zero-emission models, which leading players like TVS, Bajaj Auto, Ather Energy, Hero Vida, Ola and Greaves Electric Mobility are capitalising on.
In June, these 6 OEMs with combined sales of 170,285 units had an 88% share of the total 193,495 e-2Ws sold. Add the remaining four OEMs to the Top 10 list and their 181,835 units give these movers and shakers a commanding 94% share of last month’s sales, leaving just 6% to be fought over by 165 other players.
What will add tailwinds to future growth is the Delhi government’s game-changing EV Policy 2.0, which kicks in from today and enables strong demand potential for electric two-wheelers in the capital city. It would not be surprising if other states and UTs in India take the EV-friendly policy cue from Delhi and tweak their existing EV policies or introduce one.
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