TVS Motor Co has become the second Indian electric two-wheeler manufacturer, after Ola Electric, to achieve the one-million (10 lakh) retail sales milestone in India. A deep dive into cumulative sales numbers reveals that since launch in January 2020, the Chennai-based TVS Motor Co has delivered a total of 10,04,148 e-scooters comprising the iQube and the recently launched Orbiter to its customers in the domestic market. This is as per data on the Vahan portal (June 11, 2026, 6 a.m.).
While the first 100,000 iQube retail sales in India took a little over three years, the run from 100,000 to 200,000 units was achieved in far less time – just 10 months – in tandem with the growth of the EV industry. The 300,000-unit wholesales milestone was surpassed in early April 2024, 52 months after launch. The real growth for the TVS iQube came after that. The ride from 300,001 to 700,000 units took just 17 months, and 700,001 to 800,000 units just three months (October-December 2025).
TVS’ share of all-India e-2W sales hit the 20% mark in CY2023 and is currently at its highest – 26% – in CY2026 YTD. While the iQube commands the bulk of the sales, the Orbiter has joined the party.
CY2026 is turning out to be a bumper year for TVS e-2W Inc – between January 1 and June 11, the company has delivered 219,232 units, with the last 100,000 e-scooters delivered to customers in just 75 days! The math works out to 1,333 iQubes and Orbiters sold each day from March 28 to June 10. TVS’ e-scooter sales in the current year to date include a monthly best of 51,605 units in May 2026, which remains the second-highest score for an Indian e-2W OEM after Ola Electric’s 53,647 units in May 2024.
TVS, which topped e-2W monthly sales for the first time in April 2025, continues to lead its rivals, which include Bajaj Auto, Ather Energy, Ola Electric and Greaves Electric Mobility.
TVS: A Key Driver of India’s Electric Two-Wheeler Success Story
TVS Motor Co, which plugged into electric mobility in January 2020, has, just like arch-rival Bajaj Auto, ranked among a handful of OEMs in the 175-player-strong industry which, with their annually rising volumes, are the key growth drivers of India’s electric two-wheeler success story.
From just 1,516 units a decade ago and a meagre 0.008% share of India 2W Inc’s sales of 18.81 million motorcycles, scooters and mopeds, the electric two-wheeler segment has blossomed. In the current year’s first five months and 10 days, with 837,961 units sold and robust 63% YoY growth, the e-2W share of total two-wheeler sales (ICE and EV) of 10.1 million units (1,01,42,279) currently stands at 8.26%.
The e-2W industry, which provides the most affordable form of e-mobility, understandably leads in terms of volume contribution to overall India EV sales. In CY2026 YTD, the current e-2W share is 63%, followed by e-3Ws (27% share), e-passenger vehicles (9% share) and e-commercial vehicles (1% share).
The increase in TVS’s e-2W sales volumes is reflected both in overall e-2W sales and its share of the market (refer to the seven-year data table above). From a minuscule 1% (234 units) in CY2020, the TVS iQube’s share rose to 8% (50,181 units) in CY2022 and then jumped into double digits – 20% – in both CY2023 (177,024 units) and CY2024 (237,096 units).
CY2025 (315,083 units) was a standout year for the company because not only did it become the e-2W industry’s No. 1 player from April onwards, but it also crossed the 300,000 milestone and helped propel the overall e-2W segment’s sales to a record 1.34 million units. No. 2 OEM Bajaj Auto (279,682 units, 21% share) and third-ranked Ather Energy (214,982 units, 16% share) were the other key growth accelerators last year. Ola Electric (204,514 units, 15% share) was followed by Hero Vida (113,023 units, 8% share) and Greaves Electric Mobility (57,851 units, 4% share).
In CY2026 YTD (January 1-June 10), India’s e-2W Inc’s sales of 837,961 units are already 62% of CY2025’s record sales. Currently averaging monthly sales of over 155,000 units, and with tailwinds from rising petrol prices as a result of the West Asia crude oil supply crisis, as well as the festive season later this year, the Indian e-2W industry could even be headed towards a record 2 million units this year.
TVS Motor Co, which has sold 219,232 iQubes and Orbiters to date this year, has already achieved 70% of its record e-scooter sales of 315,083 units in CY2025. If TVS maintains its daily run rate (1,361 units for the past 161 days) through the rest of the year, the manufacturer of the iQube and Orbiter e-scooters could even be looking at hitting the 500,000-unit, or half-a-million annual sales milestone, for the first time in CY2026.
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