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Demand Grows Strongly for Ultraviolette Performance Electric Motorcycles

Ajit Dalvi — Wed, 13 May 2026 09:34:43

Even as electric scooters command the bulk of the retail sales of electric two-wheelers which clocked a record 1.4 million units in FY2026, demand is slowly growing for the nascent electric motorcycle segment in India. This sub-segment currently has only a few players in the form of Revolt Motors, TVS-backed Ultraviolette, Ola Electric, Oben EV, KLB Komaki, Matter Motor Works, Okaya EV and Wardwizard Innovations. Now, as per the latest Vahan retail sales data, demand is seen to be growing for Ultraviolette Automotive which has registered its best-ever quarter sales of 975 units in Q1 CY2026 (January-March 2026), up 373% YoY on a low year-ago base (Q1 CY2025: 206 units).

Ultraviolette, which registered its highest first-quarter sales of 975 units in January-March 2026, looks well set to achieve record sales of around 3,800 to 4,000 units in CY2026.

The Bengaluru-based Ultraviolette, incubated as an EV startup in 2016, manufactures performance electric motorcycles that are well-known for their high-voltage battery systems, advanced electronics, and aerospace-inspired engineering.

Cumulative retail sales since February 2023 till May 9, 2026 indicate that Ultraviolette has delivered 3,799 electric motorcycles, of which 81% (3,085 units) have been sold in the past 16 months and 12 days. While sales in CY2023 (271 units) and CY2024 (443 units) were tepid, demand rose by 250% YoY in CY2025 (1,551 units) and is set to scale a new high this year. Between January and May 12 this year, the company has already sold and delivered 1,534 units to customers. Ultraviolette opened this year with record monthly sales of 403 in January albeit numbers were lower in February (283 units), March (289 units) and April (379 units). The first 12 days of May have seen sales of 180 units.

On the sales network front, Ultraviolette at present has over 40 experience centres across major Indian cities and has stated that it “will be present across 100 cities by end of 2026”.

The company currently has five models on sale with pricing starting at Rs 145,000 for the Tesseract, which is the cheapest model, and goes up to Rs 449,000 for the top-end Desert Wing variant of the flagship X-47, the most expensive model in the lineup (ex-showroom). The F77 Mach 2 (155kph top speed), F77 Superstreet (155kph top speed) and X-47 (145kph top speed) share the same powertrain rated at 40.2 hp and 100 Nm of torque, with a claimed 0-60kph time of 2.8 seconds. The 10.3 kWh battery delivers an IDC-rated range of 323km per charge. The fourth product is the Shockwave (Rs 175,000) designed for efficient and eco-friendly city commuting as well as short weekend rides and targeted at urban riders. The fifth model is the Tesseract scooter (Rs 145,000) with a claimed IDC range of 261km, 0-60kph sprint in 2.9 seconds and rated for 20.4hp, helping it achieve a claimed top speed of 125kph. Deliveries of the Tesseract, which is said to have received a good response, are slated to commence in the second half of this year.

In early March this year, Ultraviolette cut the flagship X-47’s entry-level variant’s ex-showroom price of Rs 250,000 by 101,000 by introducing the Battery-as-a-Service option to enhance affordability.

BaaS SLASHES FLAGSHIP X-47 PRICE BY Rs 101,000

September 2025 saw Ultraviolette launch the flagship X47 model, priced at Rs 250,000 (ex-showroom) and capable of a claimed 323km range, 0-60kph in 2.7 seconds and a top speed of 145kph. Powered by a 40 hp (30 kW) motor developing 610 Nm of torque, the X47 at launch had price parity with similarly powered ICE motorcycles.

In early March this year, in a strategic move to enhance EV affordability and similar to that adopted by TVS, Ather Energy, Bajaj Auto and Hero Vida, Ultraviolette in association with NBFC Ecofy introduced Battery Flex, a BaaS-driven battery subscription model, on all five variants of the X-47 as also the F77 Original and F77 Recon. Under this new subscription model, customers can purchase the X-47 for Rs 149,000, while the battery can be subscribed to at a starting price of Rs 2,499 per month. This EMI will have to be paid over five years. Ultraviolette says opting for Battery Flex reduces the initial purchase cost by nearly 40%, making the e-motorcycle more accessible to a wider range of buyers. After customers finish paying monthly EMIs for the battery during the financing period, the battery ownership will be transferred to them at no additional cost.

According to Ultraviolette’s CEO and co-founder Narayan Subramaniam, the new pricing structure makes the motorcycle competitive with petrol-powered bikes in a similar performance bracket. He added that the subscription model allows riders to access advanced technology and performance while keeping monthly operating costs lower than the average fuel expense for many motorcycles.

Ultraviolette at present has over 40 experience centres across major Indian cities and plans to expand its sales and service network to 100 cities in India by the end of CY2026.

CAN ULTRAVIOLETTE DISRUPT THE PREMIUM ICE MOTORCYCLE MARKET?

Admittedly, given the premium pricing of its e-motorcycles which are targeted at premium petrol-powered 300cc-400cc IC-engine motorcycles including the Royal Enfield 350c bikes (Classic, Bullet, Hunter and Meteor), Bajaj Pulsar N250, TVS Apache RTR 310, BMW G310R, Kawasaki Ninja 300, KTM 390 Duke, Husqvarna Svartpilen 401, Harley-Davidson X440 and Mavrick 440, Ultraviolette will remain a niche player. However, the recent move to offer Baas on the F77 models and X-47 seems to have clicked, making the zero-emission bikes more affordable.

Can this Bengaluru-based e-motorcycle startup, which now also has an e-scooter, disrupt the e-2W market, particularly at the premium end? Midsize motorcycle major Royal Enfield, which marked its entry into EVs on April 9 with the Flying Flea priced at Rs 279,000 and Rs 199,000 (with Baas), has had limited success in its first month of sale. As per Vahan, only 6 units have been sold till May 12, 2026.

Importantly, Ultraviolette e-bike performance is comparable to ICE motorcycles. In fact, in March 2025, in association with Autocar India bike testers, the revealed-at-EICMA but yet-to-be-launched Ultraviolette F99 hit 258kph on the race track at NATRAX Indore. Along the way, the green speed machine also set records for 0-100kph in under 3 seconds, 0-200kph in 9 seconds and the fastest quarter-mile in 10.712 seconds.

The clincher, of course, is the wallet-friendlier cost of charging versus tanking up on expensive petrol (Rs 103.49 a litre in Mumbai on May 12, 2026), which is likely to get dearer soon and could see a number of ICE two-wheeler buyers across the scooter and motorcycle segments actively consider buying an EV.

India’s top four legacy ICE 2W players – Hero MotoCorp, Honda Motorcycle & Scooter India, Bajaj Auto and TVS Motor Co – which have diversified into electric scooters, are looking to advance their e-2W game into electric motorcycles. Electric motorcycles is the only remaining ‘white space’ which remains unexploited due to technological constraints vis-à-vis e-scooters, high battery costs, limited range and a paucity of affordable products at present. Even a small percentage of the high-volume ICE motorcycle segment, which clocked sales of 13 million units in FY2026, would result in big numbers.

ALSO READ: Hero, Honda, TVS, Bajaj and Royal Enfield target India’s nascent electric motorcycle market

Demand Grows Strongly for Ultraviolette Performance Electric Motorcycles

Ajit Dalvi — Wed, 13 May 2026 09:34:43

Ultraviolette, which registered its highest first-quarter sales of 975 units in January-March 2026, looks well set to achieve record sales of around 3,800 to 4,000 units in CY2026.

On the sales network front, Ultraviolette at present has over 40 experience centres across major Indian cities and has stated that it “will be present across 100 cities by end of 2026”.

BaaS SLASHES FLAGSHIP X-47 PRICE BY Rs 101,000

Ultraviolette at present has over 40 experience centres across major Indian cities and plans to expand its sales and service network to 100 cities in India by the end of CY2026.

CAN ULTRAVIOLETTE DISRUPT THE PREMIUM ICE MOTORCYCLE MARKET?

ALSO READ: Hero, Honda, TVS, Bajaj and Royal Enfield target India’s nascent electric motorcycle market

Tata Sierra Crosses 30,000 Sales, Becomes Third Highest-Selling SUV for Tata Motors Since January

Ajit Dalvi — Tue, 12 May 2026 10:09:28

Tata Motors, which opened FY2027 with sales of 59,000 passenger vehicles, up 30.5% YoY (April 2025: 45,199 units), continues to ride the strong wave of demand for its SUVs. Its six-pack of SUVs comprising the Nexon, Punch, Safari, Harrier, Punch and the recently launched Sierra, clocked wholesales of 49,964 units in April 2026, up 49% YoY (April 2025: 33,454 SUVs). Year on year, the monthly share of SUVs has increased to 85% in April 2026 compared to 74% in April 2025. What has added tailwinds to Tata SUV sales is the launch of the Tata Sierra on November 25 last year.
Wholesale data reveals that the new Tata Sierra, the modern avatar of the iconic model sold between 1991 and 2003, has cumulatively sold an estimated 30,713 units since December 2025, when factory dispatches to Tata Motors’ showrooms began, followed by deliveries to customers from January 15 this year.

With 30,713 units sold since launch, the Tata Sierra accounts for an 12% share of Tata Motors’ wholesales of 255,442 SUVs in the past five months.

Within Tata Motors’ SUV portfolio, the Sierra is positioned between the Curvv and the Harrier, and goes head-to-head against the Hyundai Creta, Maruti Grand Vitara and Victoris, Renault Duster, Toyota Hyryder, Kia Seltos, Honda Elevate, Volkswagen Taigun, Skoda Kushaq, MG Astor and Citroen Aircross X.
In the short span of a little over four months, the Sierra (30,713 units) has become the third highest-selling SUV for Tata Motors after the Nexon and Punch compact siblings and accounts for a 12% share of the 255,442 SUVs the company dispatched between December 2025 and April 2026.
While the Nexon (100,106 units) tops with a 39% share, the Punch (94,069 units) has a 37% share. The Harrier (14,556 units, 6% share) is ranked fourth, followed by the Safari (8,468 units, 3% share) and the Curvv (7,530 units, 3% share).
The Tata Sierra, crowned Autocar India’s Car of the Year 2026 as well as the winner of the Best Design & Styling, Viewer’s Choice for Car of the Year and the Midsize SUV of the Year awards, had impressed the jury with its premium, well-appointed cabin, a wide spread of powertrain options and a design that turns heads. Clearly, this is now playing out in the real-world market where the value-conscious buyer is keen on the latest Tata SUV in town.
Pricing for the 24-variant Tata Sierra starts from Rs 11.49 lakh through to Rs 21.29 lakh (ex-showroom). In terms of powertrain, the Sierra debuts Tata’s all-new 1.5-litre direct injection turbo-petrol engine and also has the naturally aspirated 1.5-litre petrol and diesel engine options on offer with manual and automatic transmissions. Fuel efficiency depends on the engine and transmission options. As per ARAI, the petrol variants deliver 16-18kpl, while the diesel variants deliver better fuel efficiency of 18-20kpl.

Tata Sierra impresses with its premium, well-appointed cabin, a wide spread of powertrain options and a design that turns heads.

Sierra Goes Big on the Desirability Quotient
The feature-laden Sierra is big on the desirability quotient, which is key in the SUV segment. It comes with dual-tone 19-inch alloy wheels, LED headlights with a full-width LED light bar on top, panoramic sunroof, flush-type door handles, a powered tailgate, segment-first three-screen setup: one for instrumentation and two for infotainment, Dolby Atmos, rear window sunshades, Boss mode functionality for the front passenger seat and more.
The safety features include six airbags as standard, Level 2 ADAS, traction control, front and rear disc brakes, 360-deg camera, ABS with EBD, front and rear parking sensors, electronic parking brake with auto hold, hill hold assist, and more.
The surging demand for the Tata Sierra, which has over 100,000 bookings, means that Tata Motors has had to ramp up production. It is understood that the company plans ramp up this midsize SUV’s monthly production to around 15,000 units over the next six months. It is understood that the Sierra, at present, has a waiting period of three to four months.

Tata Sierra Crosses 30,000 Sales, Becomes Third Highest-Selling SUV for Tata Motors Since January

Ajit Dalvi — Tue, 12 May 2026 10:09:28

With 30,713 units sold since launch, the Tata Sierra accounts for an 12% share of Tata Motors’ wholesales of 255,442 SUVs in the past five months.

Tata Sierra impresses with its premium, well-appointed cabin, a wide spread of powertrain options and a design that turns heads.

TVS Raider 125 Sales Hit 1.9 Million Units Since Launch

Ajit Dalvi — Mon, 11 May 2026 11:45:08

The TVS Raider 125, launched in India on September 16, 2021, has notched a new sales milestone a few months before it completes five years in the market later this year. Cumulative domestic and export sales from market introduction till end-March 2026 have surpassed the 1.9 million-unit mark (19,07,277 units). These comprise 1.62 million in domestic wholesales and 286,008 units in exports.

The success of TVS Motor Co’s first 125cc motorcycle is proof that the company entered the 125cc sporty commuter bike segment just as it was gaining traction in India. In the domestic market, from launch in FY2022 through till March 2026, the Raider 125 (1.62 million units) has accounted for 31% of TVS Motor’s cumulative motorcycle sales of 5.27 million motorcycles. The Apache series of bikes in the same five-year period has sold 2.07 million units, which gives it a 38% share of TVS motorcycle sales.

From launch until end-March 2026, the Raider 125 has sold 1.62 million units in India and accounted for 31% of TVS’ cumulative motorcycle sales of 5.27 million units. 286,008 units have been exported.

Over the past five fiscal years, the TVS Raider’s ranking in the motorcycle industry’s top-selling models has risen from No. 9 in FY2023 to No. 6 in FY2026. The TVS Raider’s best fiscal yet was FY2024, when it sold 478,443 units, up 100% YoY (FY2023: 239,388 units), when it accounted for 39% of TVS Motor Co’s total bike sales of 1.22 million units. In FY2024, the Raider 125 earned the distinction of being TVS Motor Co’s best-selling bike, with a YoY doubling of sales to 478,443 units — 100,361 units ahead of the TVS Apache series (378,072 units). FY2025, however, saw demand fall 16% YoY to 399,819 units, and its share of TVS motorcycle sales slip to 33% with the Apache series bikes (446,218 units) having the larger 37% share.

FY2026, with GST 2.0 driving down prices from October 2025 onwards, saw demand return to the Raider 125 with sales rising 7% YoY to 426,877 units and helping it surpass the 400,000 milestone for the second time.

The TVS Raider 125 is part of a competitive segment which has well-established rivals like the Honda Shine, Bajaj Pulsar, Hero Glamour, Super Splendor, Xtreme 125, Bajaj Pulsar, and the Honda CB125 Hornet, launched in August 2025. The Bajaj Freedom 125, the world's first CNG-powered motorcycle, is also part of the segment.

In FY2026, the 110cc-125cc segment registered flat sales of 36,15,850 units (FY2025: 36,00,397 units), which marks an addition of only 15,453 more units year on year. Of the nine models in the fray, only five, including the TVS Raider 125 – the third highest-selling model – posted growth. The Raider (426,877 units, up 7% YoY) accounted for a 12% share of this segment, which was led by the Honda Shine (1.71 million units, up 5%, 47% share) and the Bajaj Pulsar (774,995 units, down 3%, 21% share). The fourth best-selling bike in this category was the Hero Glamour (220,849 units, up 24%, 6% share). These four bikes are followed by the Hero Xtreme 125R (210,031 units, down 26% YoY), Hero Splendor (186,111 units, down 26% YoY) and the Honda CB125 Hornet, which sold 65,636 units in the last eight months of FY2026.

Meanwhile, on the export front, as per SIAM data, 286,008 TVS Raiders have been shipped to overseas markets till FY2026, which was the best export fiscal year with 76,900 units, up 8% YoY and accounted for 6% of TVS’ record bike exports of 1.29 million units.

Snazzy Design and Tech Pay-off for TVS Raider 125

The snazzy styling, with more than a hint of sportiness compared with the staid designs of most of its rivals, seems to have paid dividends for the Raider 125, which had won Autocar India's Bike of the Year 2022 accolade for its combination of striking looks, punchy engine, and value-for-money proposition.

The Raider 125 is powered by TVS’ potent 124.8cc engine, which develops 11.4hp and 11.75 Nm of torque, mated to a five-speed transmission. While top speed is 99kph, fuel efficiency is an ARAI-certified 56.7kpl. In real-world conditions. What also draws buyers to the TVS Raider 125 is the range of features, including ride modes, a five-inch TFT display, SmartXonnect and boost mode. The Raider 125 features single-channel ABS on the new SXC DD and TFT DD variants. Priced from Rs 82,000 through to Rs 97,000 (ex-showroom), the Raider 125 is available in seven variants: Drum, Single Seat, SSE, iGO, Split Seat, SXC DD, and TFT DD.

Will the TVS Raider 125 continue to display similar or better growth in FY2027? Difficult to say at this stage in the current fiscal year, what with motorcycle as well as two-wheeler demand set to stay higher for fuel-sipping frugal 100-110cc machines in the current scenario of dampened crude oil supplies and the likelihood of petrol prices being hiked.

ALSO READ: Record scooter and bike sales power TVS to best-ever 4.24 million units in FY2026
TVS Apache sells record 571,376 units in FY2026, captures 38% share of 150-200cc bike market

TVS Raider 125 Sales Hit 1.9 Million Units Since Launch

Ajit Dalvi — Mon, 11 May 2026 11:45:08

Snazzy Design and Tech Pay-off for TVS Raider 125

ALSO READ: Record scooter and bike sales power TVS to best-ever 4.24 million units in FY2026
TVS Apache sells record 571,376 units in FY2026, captures 38% share of 150-200cc bike market

Ather Rizta Crosses 300,000 Sales, Commands 76% Share of EV Startup’s Portfolio in FY2026

Ajit Dalvi — Fri, 08 May 2026 10:01:45

Twenty-five months after it was launched on April 6, 2024, the Ather Rizta, Ather Energy’s flagship electric scooter, has surpassed the wholesale milestone of 300,000 units in the domestic market. Over the past two years, the rapidly growing sales of the family e-scooter have helped boost the Bengaluru-based EV startup’s e-2W market share and made Ather the strong No. 3 OEM after TVS Motor Co and Bajaj Auto.

Total cumulative wholesales of the Rizta, starting FY2025 through to the first month of FY2027 (April 2026), are estimated to be 309,501 units. With deliveries beginning in July 2024, the first 100,000 Riztas were dispatched in a little over 10 months, news which Autocar Professional broke on June 1, 2025. The 200,000 milestone came up in early October 2025. And now the 300,000 milestone has been achieved at the end of April 2026.

The Rizta’s share of Ather Energy’s e-scooter sales jumped from 58% in FY2025 to 76% in FY2026.

A look at the wholesale data table above reveals the rapid advance of the Rizta and its growing share in Ather Energy’s EV portfolio, which includes the 450X, 450S and 450 Apex. Compared to the other products, this tech-laden family e-scooter has helped unlock a much larger addressable market for the company.

In FY2025, the Rizta (89,639 units) had a 58% share of Ather Energy’s total dispatches of 155,405 e-2Ws. A 121% YoY increase in FY2026 saw Rizta’s contribution increase to 76% of the record 260,070 e-scooters Ather sold last fiscal. And in April 2026, the first month of the current fiscal year (FY2027), it is estimated that the Rizta accounts for a 77% share of the 27,643 e-2Ws Ather has likely dispatched. While official monthly stats have yet to be revealed, the April 2026 numbers are an average of Ather’s total Q4 FY2026 (January-March 2026) wholesales of 82,929 units.

Rizta Powers Ather Energy Record Sales in FY2026

A deep dive into the quarter-on-quarter (QoQ) sales split of both Ather Energy’s overall portfolio sales as well as Rizta’s sales offers insight into how instrumental the family e-scooter has been to the company’s speedy growth in the past fiscal year.

Ather Energy’s best quarter was Q4 FY2026 (82,929 units), where the Rizta (64,159 units) had a 77% share.

In FY2026, Ather Energy sales rose in double-digits each quarter. Q2 (July-September 2025) sales at 47,608 units were a 39% increase over Q1 (April-June 2025: 34,149 units). While Q3 (October-December 2025: 52,661 units) was an 11% QoQ improvement, Q4 (January-March 2026: 64,159 units) marked a 22% QoQ increase. Common to each quarter was the handsome contribution of the Rizta – 73% in Q1, 76% in Q2, 78% in Q3 and 77% in Q4. In the January-March 2026 period (Q4 FY2026), the Rizta (64,159 units, up 98% YoY) helped power Ather Energy’s best-ever quarter sales of 82,929 units and the resultant record 260,070 e-scooters in FY2026. The next highest-selling model for Ather was the 450X (12,211 units), followed by the 450S (5,554 units) and the 450 Apex (1,005 units).

The Rizta has been a key driver of Ather’s market share gains across India. As per a recent company press release, “Middle India saw the fastest growth, with the share rising to 17.3% in Q4 FY2026 from 9.5% a year ago, while Rest of India grew to 12.1% in Q4 FY2026 from 6.5% in Q4 FY2025. South India remained the strongest region, retaining leadership with a 23.5% market share in Q4 FY2026.”

With its new EL platform, which can spawn e-scooters ranging from commuter, family to high-performance models, Ather will be keen to replicate the success of the Rizta on a much larger scale.

Ather Energy the Strong No. 3 in Electric 2-wheelers

The Rizta’s stellar performance ensured that Ather Energy was the third-largest contributor to India e-2W Inc’s record retail sales of 1.4 million units in FY2026. Furthermore, it enabled the smart e-scooter OEM to cross the cumulative 600,000-units retail sales milestone in end-April this year.

The Rizta, which has marked a strategic product shift for Ather, was designed and developed with a focus on practicality – and also to take on the competition in the form of the TVS iQube and Bajaj Chetak – the Rizta’s highlights include the largest two-wheeler seat in India, ample storage space and a host of user-friendly features.

What has also drawn buyers to Ather products is its BaaS (Battery as a Service) business model. By decoupling the battery cost, the company has reduced the upfront price of the Rizta S, which starts at Rs 117,000 (ex-showroom, Bengaluru), to Rs 76,000, making the premium family scooter far more affordable.

Now firmly at No. 3 in e-scooter retail sales after TVS Motor and Bajaj Auto, Ather has also set its sights on the nascent electric motorcycle market, as reflected in its strategic growth programme. Along with the new EL e-scooter platform, the startup is developing the Zenith platform – understood to be in its early stages – which will spawn electric two-wheelers targeted at the 125-300cc motorcycle segment.

Meanwhile, Ather is set to substantially expand its annual manufacturing capacity. Currently, it is 420,000 units from its two existing plants at Hosur, Tamil Nadu, one each for e2W assembly and battery production. A third plant in Chhatrapati Sambhajinagar, Maharashtra, capable of manufacturing a million units annually, will expand Ather’s overall capacity to 1.42 million units. The first phase of this upcoming high-tech facility is slated to become operational in the second half of 2026, around the festival season this year, which begins in the third week of October.

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TVS, Bajaj, Ather and Hero Vida open FY2027 with strong sales, Ola sells 12,000 units

Ather Energy crosses 600,000 sales, 50% sold in the last 16 months

Ather Rizta Crosses 300,000 Sales, Commands 76% Share of EV Startup’s Portfolio in FY2026

Ajit Dalvi — Fri, 08 May 2026 10:01:45

The Rizta’s share of Ather Energy’s e-scooter sales jumped from 58% in FY2025 to 76% in FY2026.

Rizta Powers Ather Energy Record Sales in FY2026

Ather Energy’s best quarter was Q4 FY2026 (82,929 units), where the Rizta (64,159 units) had a 77% share.

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TVS, Bajaj, Ather and Hero Vida open FY2027 with strong sales, Ola sells 12,000 units

Ather Energy crosses 600,000 sales, 50% sold in the last 16 months

Bajaj Chetak Races Past 700,000 Sales, Doubles e-2W Market Share in Two Years

Autocar Professional Bureau — Thu, 07 May 2026 09:51:50

The Bajaj Chetak, the first electric scooter to come from Bajaj Auto and the reborn avatar of the iconic Chetak as a zero-emission vehicle, has crossed the 700,000 cumulative sales milestone since launch in January 2020. As per the Vahan portal, retail sales of the Bajaj Chetak from FY2021 through to the first 36 days of FY2027 (April 1-May 6, 2026) are 727,779 units. This makes it only the third electric 2W OEM to achieve the 700,000 e-2W retail sales after Ola Electric and TVS Motor Co.

The Bajaj Chetak’s new retail sales milestone comes even as the company has recently launched the updated Chetak line-up with new features, higher top speeds and a revised ‘C Series’ naming structure and has also reported record performance in FY2026 across volumes, revenues, profits as well as cash generation.
Seventy-nine percent (577,023 units) of the 727,779 retail sales have come from FY2025 till the first 36 days of FY2027. Bajaj Auto’s e-2W share has more than doubled between FY2024 and FY2026.

As the retail sales data table above depicts, cumulative sales between FY2020 to FY2024 were 150,756 units or 21% of the 727,779 units sold to date. The bulk of the sales – 79% or 577,023 units – have come from FY2025 till the first 36 days of FY2027.

While sales in the initial years were tepid, demand for the Chetak rose strongly in FY2025 when 239,087 units were delivered to customers, up 114% YoY (FY2024: 111,713 units) and giving it the No. 3 rank after Ola Electric (359,784 units) and TVS Motor Co (252,832 units). FY2026 saw the Bajaj numbers rise 25% YoY to 298,436 units, which made it the No. 2 e2W OEM for the first time in a fiscal year, behind market leader TVS (35,406 units) and ahead of Ather Energy (251,346 units).

The rapid rise in the Bajaj Chetak’s sales is reflected in its increasing e-2W market share. In FY2023, the Chetak (29,963 units) had a 4% share of all-India e-2W sales of 761,200 units. Bajaj Auto’s e-2W share entered double-digits for the first time in FY2024 when it accounted for 11%, and then doubled it to 20% in FY2025.

FY2026 saw its market share remain unchanged at 20% albeit early into FY2027, the company has improved upon that percentage. Between April 1 and May 6, 2026, Bajaj Auto has delivered 39,500 units which gives it a 22% share of the 177,883 e-2Ws sold in India, behind TVS Motor Co (45,186 units, 25% e-2W share) and ahead of Ather Energy (32,434 units, 18% e-2W share) and Hero Vida (18,112 units, 10% e-2W share).

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Best-ever April for Indian EV industry: 239,000 units

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Bajaj Chetak Races Past 700,000 Sales, Doubles e-2W Market Share in Two Years

Autocar Professional Bureau — Thu, 07 May 2026 09:51:50

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Best-ever April for Indian EV industry: 239,000 units

TVS, Bajaj, Ather and Hero Vida Open FY2027 with Strong E-2W sales, Ola Sells 12,000 Unit

Best-ever April for Indian EV industry: 239,000 units

Ajit Dalvi — Tue, 05 May 2026 08:58:41

The opening month of FY2027 had delivered the best-ever retail sales for the month of April. As per the Vahan portal, the 239,025 EVs sold across the two- and three-wheeler and passenger and commercial vehicle segments in April 2026 were a 41% YoY increase (April 2025: 169,360 units) and mark a new high for the fourth month of the calendar year. Sales this April per se have trebled in the past four years – from 77,614 units in April 2022 to 239,025 units in April 2026. Importantly, all four EV segments have registered healthy year-on-year growth which augurs well for the rest of the new fiscal year. A close look at the segment-wise sales reveals that while the e-2W share has jumped to 62% from 54% in April 2025, the e-3W share has reduced to 27% from 37% a year ago due to single-digit growth. The surge of demand for zero-emission cars and SUVs is reflected in the e-PV share rising to 10% from 8% in April 2025 while the e-CV share has risen marginally to 0.93% from 0.53% a year ago. Let’s take a closer look at each of the four segments’ performance.

The 239,025 EVs sold across all 4 vehicle categories were a 41% YoY increase and mark a new high for the month of April. Sales have trebled in the past 4 years from the 77,614 units in April 2022.

India’s Top 4 e-2W OEMs – TVS, Bajaj Auto, Ather Energy and Hero Vida – with sales of 112,798 e-scooters had a 76% share of the 148,740 units delivered to buyers in April 2026.

Electric 2-wheelers

April 2026: 148,740 units, up 61%. EV market share: 62%

April 2025: 92,536 units. EV market share: 55%

The Indian electric 2-wheeler industry, which registered record retail sales of 1.40 million units in FY2026, has opened FY2027 on a strong note. April 2026 saw a total of 148,740 units delivered to e-2W buyers, up 61% YoY (April 2025: 92,536 units) and in line with the strong growth displayed since the start of CY2026. April sales are the second highest monthly numbers in the current year to date, after March 2026 (192,343 units, up 46% YoY). Importantly, the 62% YoY growth has come on a high year-ago base and in the face of the reduced price differential between IC engine two-wheelers and EVs with the sharp reduction in GST. What is also driving up the numbers is the likelihood of petrol prices rising as a result of the global crude oil supply crisis.

In April 2026, the Top 5 OEMs – TVS, Bajaj Auto, Ather Energy, Hero Vida and Ola Electric –maintained their stranglehold over the segment and had an 84% share of the retail sales. For a comprehensive analysis of the e2W segment’s performance and sales statistics of the Top 10 e-2W OEMs, CLICK HERE.

The intense battle between electric 3W market leader Mahindra Last Mile Mobility and challenger Bajaj Auto continued in the opening month of FY2027 with just 567 units separating them.

Electric 3-wheelers

April 2026: 64,549 units, up 3%. EV market share: 27%

April 2025: 62,489 units. EV market share: 37%

Compared to its two-wheeler siblings, the electric 3-wheeler industry’s growth was a lot more subdued. And as a result of much higher growth rate as well as sales volume in e-2Ws, the e-3W share of overall EV has fallen by 10% YoY.

In April 2026, as per Vahan, the 631 e-3W manufacturers / suppliers sold 64,549 units, up 3% YoY (April 2025: 62,489 units) and up 1.5% month on month (March 2026: 63,549 units). These April numbers come on the back of the e-3W industry hitting a record high of 830,819 units in FY2026.

Electric 3Ws continued eating into the share of the CNG 3W market. In line with the trend witnessed in FY2026, the share of e-3Ws in the overall 3W market in April 2026 (106,905 units) was 60%, similar to January but above February (57%) and March (58%).

In comparison, the CNG 3W share has fallen from 25% in January 2026 to 24% in April 2026 (25,696 units). As per Vahan data for CY2026 YTD, retail sales of CNG 3Ws has seen a sustained fall since January. Starting this year with 31,376 units, demand dropped to 29,910 units in February, to 27,589 units in March, and to 25,696 units in April.

India e-3W Inc’s performance continues to be powered by three legacy OEMs – Mahindra & Mahindra, Bajaj Auto and TVS Motor Co – along with a few other companies. For a close look at this segment’s performance and the Top 20 manufacturers, CLICK HERE.

April 2026 was the e-PV segment’s second highest retail sales month. While market leader Tata Motors topped, Mahindra & Mahindra outsold JSW MG Motor India for the second straight month.

Electric Passenger Vehicles

April 2026: 23,265 units, up 73%. EV market share: 10%

April 2025: 13,409 units. EV market share: 8%

The India electric passenger vehicle (e-PV) industry, which closed FY2026 with record retail sales of 200,946 units and handsome 85% YoY growth, has carried over the same strong momentum into the first month of FY2027. April 2026 saw 17 manufacturers of zero-emission cars, SUVs and MPVs deliver 23,265 units to customers, up 73% YoY (April 2025: 13,409 units). This is the second highest monthly retails after March 2026 (23,749 units) and reflects the strong momentum in this segment, driven by a combination of new products, the potential hike in petrol, diesel and CNG as well as a growing number of first-time EV buyers.

Tata Motors, the longstanding e-PV market leader, clocked retail sales of over 8,500 units in April 2026, up 77% YoY (April 2025: 4,816 units), which gives it a market share of 37% for last month. This is Tata Motors second highest monthly e-PV sales after March 2026 (8,684 units). While the Harrier EV has helped revive demand, the Nexon EV, Tiago EV and Punch EV continue to have their share of buyers.

The big news though is Mahindra & Mahindra, which has been a consistent No. 3, outselling JSW MG Motor India for the second month in a row. April saw M&M achieve customer deliveries of 5,394 electric SUVs, up 63% YoY (April 2025: 3,301 units), which gives it a market share of 24 percent. In March 2026, M&M (5,651 units) had sold more EVs than JSW MG Motor (5,550 units) for the first time in a single month.

Meanwhile, Vinfast India moved up to No. 4 in the 17 e-PV OEM ladder-board with 1,231 units which give it a 5% e-PV share. This is the first time that the company has crossed 1,000-units in a month since it began deliveries of the locally assembled VF6 and VF7 e-SUVs in October 2025, followed more recently by the VF MPV7. Maruti Suzuki India too surpassed monthly deliveries of 1,000 units for the first time in April. The company sold 1,222 e-Vitara SUVs which gives it a market share of 5 percent.

In tandem with the mass-market e-PV market, demand for luxury cars, SUVs and sedans also posted good growth last month. In April 2026, total retail sales of the eight OEMs in this sub-segment were 487 units, up 70% YoY (April 2025: 286 units).

For a detailed look at the sales statistics as well as the e-PV market share of the movers and shakers of the electric car and SUV industry in April 2026, CLICK HERE.

Zero-emission light goods carriers or small CVs (1,817 units, up 200% YoY) accounted for the bulk of the sales in the electric commercial vehicle segment – 81 percent.

Electric Commercial Vehicles

April 2026: 2,236 units, up 148%. EV market share: 0.93%

April 2025: 903 units. EV market share: 0.53%

Like the other three EV categories, the electric commercial vehicle (e-CV) segment too delivered a strong showing in April 2026. Lowest in terms of volumes but the highest in sticker price, the e-CV segment clocked its second-highest monthly retail sales in April 2026. The nearly 40 players in this category sold a total of 2,236 units, which marks handsome 148% YoY growth (April 2025: 903 units) albeit down 8% on March 2026’s 2,445 units.

Zero-emission light goods carriers or small CVs (1,817 units, up 200% YoY) accounted for the bulk of sales – 81 percent. Demand for electric buses, which are mainly bought by state transport undertakings for inter-city operations and local municipal corporations for city transport, saw sales grow by 23% YoY to 342 units. And heavy goods carriers, typically used for infrastructure operations, rose 267% YoY to 77 units

Of the total 2,236 e-CVs sold in India last month, market leader Tata Motors accounted for 798 units or a 36% share. Euler Motors with 518 light/small e-CVs was ranked second with a 23% share and Mahindra Last Mile Mobility, with 285 units had a 13% share. Switch Mobility, Ashok Leyland’s EV arm, sold 144 buses and light CVs for a 6% share of the e-CV industry’s sales in April 2026. PMI Electro Mobility (111 units) and the Murugappa Group’s Tivolt Electric Vehicles (81 units) were ranked fifth and sixth, respectively.

Sales of light / small e-CVs continued to grow at a rapid pace in April and the e-SCV category remains the growth driver of the overall e-CV segment. This category (1,817 units) commanded an 81% share of April e-CV sales led by market leader Tata Motors which, along with Euler Motors, commanded a 72% share of all e-SCV / light goods carrier retails. For a detailed look at this segment’s performance in April and the Top 6 e-SCV OEMs, CLICK HERE

India EV INC Opens Fy2027 on a Strong Note

In FY2026, India EV Inc registered record retail sales of 2.45 million units with robust 25% YoY growth (FY2025: 19,67,547 units) with growth democratised across all four vehicle sub-segments. With April 2026, the opening month of FY2027, delivering the highest sales for the fourth month of the year, EV OEMs across the two- and three-wheeler and passenger and commercial vehicle segments will be hoping the momentum sustains throughout the next 11 months and beyond.

The ongoing global crude oil supply crisis had added tailwinds to the growth of the EV industry per se as vehicle buyers across categories, fearful of continued hiccups in supply and also a likely increase in fossil fuel and gas prices, actively consider a shift to zero-emission mobility.

Best-ever April for Indian EV industry: 239,000 units

Ajit Dalvi — Tue, 05 May 2026 08:58:41

The 239,025 EVs sold across all 4 vehicle categories were a 41% YoY increase and mark a new high for the month of April. Sales have trebled in the past 4 years from the 77,614 units in April 2022.

India’s Top 4 e-2W OEMs – TVS, Bajaj Auto, Ather Energy and Hero Vida – with sales of 112,798 e-scooters had a 76% share of the 148,740 units delivered to buyers in April 2026.

Electric 2-wheelers

April 2026: 148,740 units, up 61%. EV market share: 62%

April 2025: 92,536 units. EV market share: 55%

The intense battle between electric 3W market leader Mahindra Last Mile Mobility and challenger Bajaj Auto continued in the opening month of FY2027 with just 567 units separating them.

Electric 3-wheelers

April 2026: 64,549 units, up 3%. EV market share: 27%

April 2025: 62,489 units. EV market share: 37%

April 2026 was the e-PV segment’s second highest retail sales month. While market leader Tata Motors topped, Mahindra & Mahindra outsold JSW MG Motor India for the second straight month.

Electric Passenger Vehicles

April 2026: 23,265 units, up 73%. EV market share: 10%

April 2025: 13,409 units. EV market share: 8%

For a detailed look at the sales statistics as well as the e-PV market share of the movers and shakers of the electric car and SUV industry in April 2026, CLICK HERE.

Zero-emission light goods carriers or small CVs (1,817 units, up 200% YoY) accounted for the bulk of the sales in the electric commercial vehicle segment – 81 percent.

Electric Commercial Vehicles

April 2026: 2,236 units, up 148%. EV market share: 0.93%

April 2025: 903 units. EV market share: 0.53%

India EV INC Opens Fy2027 on a Strong Note

Best-ever April for Indian EV industry: 239,000 units

Ajit Dalvi — Tue, 05 May 2026 08:58:41

The 239,025 EVs sold across all 4 vehicle categories were a 41% YoY increase and mark a new high for the month of April. Sales have trebled in the past 4 years from the 77,614 units in April 2022.

India’s Top 4 e-2W OEMs – TVS, Bajaj Auto, Ather Energy and Hero Vida – with sales of 112,798 e-scooters had a 76% share of the 148,740 units delivered to buyers in April 2026.

Electric 2-wheelers

April 2026: 148,740 units, up 61%. EV market share: 62%

April 2025: 92,536 units. EV market share: 55%

The intense battle between electric 3W market leader Mahindra Last Mile Mobility and challenger Bajaj Auto continued in the opening month of FY2027 with just 567 units separating them.

Electric 3-wheelers

April 2026: 64,549 units, up 3%. EV market share: 27%

April 2025: 62,489 units. EV market share: 37%

April 2026 was the e-PV segment’s second highest retail sales month. While market leader Tata Motors topped, Mahindra & Mahindra outsold JSW MG Motor India for the second straight month.

Electric Passenger Vehicles

April 2026: 23,265 units, up 73%. EV market share: 10%

April 2025: 13,409 units. EV market share: 8%

For a detailed look at the sales statistics as well as the e-PV market share of the movers and shakers of the electric car and SUV industry in April 2026, CLICK HERE.

Zero-emission light goods carriers or small CVs (1,817 units, up 200% YoY) accounted for the bulk of the sales in the electric commercial vehicle segment – 81 percent.

Electric Commercial Vehicles

April 2026: 2,236 units, up 148%. EV market share: 0.93%

April 2025: 903 units. EV market share: 0.53%

India EV INC Opens Fy2027 on a Strong Note

Best-ever April for Indian EV industry: 239,000 units

Ajit Dalvi — Tue, 05 May 2026 08:58:41

The 239,025 EVs sold across all 4 vehicle categories were a 41% YoY increase and mark a new high for the month of April. Sales have trebled in the past 4 years from the 77,614 units in April 2022.

India’s Top 4 e-2W OEMs – TVS, Bajaj Auto, Ather Energy and Hero Vida – with sales of 112,798 e-scooters had a 76% share of the 148,740 units delivered to buyers in April 2026.

Electric 2-wheelers

April 2026: 148,740 units, up 61%. EV market share: 62%

April 2025: 92,536 units. EV market share: 55%

The intense battle between electric 3W market leader Mahindra Last Mile Mobility and challenger Bajaj Auto continued in the opening month of FY2027 with just 567 units separating them.

Electric 3-wheelers

April 2026: 64,549 units, up 3%. EV market share: 27%

April 2025: 62,489 units. EV market share: 37%

April 2026 was the e-PV segment’s second highest retail sales month. While market leader Tata Motors topped, Mahindra & Mahindra outsold JSW MG Motor India for the second straight month.

Electric Passenger Vehicles

April 2026: 23,265 units, up 73%. EV market share: 10%

April 2025: 13,409 units. EV market share: 8%

For a detailed look at the sales statistics as well as the e-PV market share of the movers and shakers of the electric car and SUV industry in April 2026, CLICK HERE.

Zero-emission light goods carriers or small CVs (1,817 units, up 200% YoY) accounted for the bulk of the sales in the electric commercial vehicle segment – 81 percent.

Electric Commercial Vehicles

April 2026: 2,236 units, up 148%. EV market share: 0.93%

April 2025: 903 units. EV market share: 0.53%

India EV INC Opens Fy2027 on a Strong Note

Strong Demand for Electric SCVs Sees Tata Motors and Euler Motors Top e-CV Sales in April

Autocar Professional Bureau — Mon, 04 May 2026 08:55:05

Like the electric 2W, 3W and passenger vehicle segments, the electric commercial vehicle (e-CV) segment too delivered a strong showing in April 2026. While they are the lowest in terms of volumes but the highest in sticker price, the e-CV segment clocked their second-highest monthly retail sales in April 2026. The nearly 40 players in this category sold a total of 2,236 units, which marks 148% YoY growth (April 2025: 903 units) albeit down 8% on March 2026’s 2,445 units.

Light goods carriers or small CVs (1,817 units, up 200% YoY) accounted for the bulk of the electric commercial vehicle sales – 81% – in April 2026. All three e-CV categories registered good growth.

While e-CV market leader Tata Motors was also the No. 1 in e-SCV retails in April, Euler Motors has positioned itself as the strong No. 2 player, ahead of Mahindra Last Mile Mobility.

Plenty Of Action In Small E-CV Segment: Tata Tops, MLMM, Euler And Tivolt Post Strong Growth

Sales of light / small e-CVs continued to grow at a rapid pace in April and the e-SCV category remains the growth driver of the overall e-CV segment. This category (1,817 units) commanded an 81% share of April e-CV sales led by market leader Tata Motors which sold 792 e-SCVs, up 206% YoY (April 2025: 259 units). Tata Motors’ e-SCV lineup comprises the Ace Pro EV, Ace EV, Ace EV 1000 and the recently launched Intra EV Pickup, each engineered to meet diverse urban and semi-urban cargo requirements and available with multiple load deck configurations and payload options to drive flexibility for varied business applications.

On April 7, Tata Motors launched the Intra EV Pickup at Rs 11.95 lakh (ex-showroom) targeted at entrepreneurs and fleet owners with a sharp focus on productivity and profitability. The Intra EV Pickup, which has a 72kW electric motor producing 230 Nm of peak torque, has a certified range of 211km on a single charge. With a 1750 kg payload and long load body options of up to 10 feet 2 inches, this new e-SCV supports various applications— from FMCG and e‑commerce to cold-chain, waste management, LPG and dairy distribution — enabling higher load per trip and better asset utilisation. But there’s new competition coming up for Tata Motors.

The Hero MotoCorp-backed Euler Motors sold 518 units in April 2026, up 1263% on a low year-ago base (April 2025: 38 units) which gives it a 28% e-SCV market share for the month. That’s not all – the 518 units are Euler’s highest monthly retails yet, beating the previous best (March 2026: 462 units). In CY2025, its first full year of operation, Euler had sold 1,058 units. After CY2026’s first four months, total retails are already 1,611 units. In line with this growth, the company, which current produces around 500 units a month, plans to expand its four-wheeler capacity to 1,000 e-CVs a month. Euler Motors’ portfolio comprises the Storm EV launched in 2024, the Storm EVT1500 and the Turbo EV1000.

Mahindra Last Mile Mobility sold 285 e-SCVs (Mahindra Zeo) last month, up 70% YoY (April 2025: 168 units) which gives MLMM a 16% market share. The Zeo mini-truck, which has a 160km range on a single charge, has a 3-year or 125,000km vehicle warranty and a 7-year or 150,000km battery warranty supported by a service network of 300-plus dealers and 850 touch-points.

Switch Mobility Automotive is ranked third with sales of 82 units last month, up 134% YoY (April 2025: 35 units). Switch Mobility’s LEV3 and LEV4 small trucks, which sport a spacious cargo body extending up to 9.7 feet and capable of holding up to 340 cubic feet of containers, continue to see demand from various industries.

The Murugappa Group’s Tivolt Electric Vehicles, which markets the Montra brand of e-CVs, is another company which is witnessing speedy growth. In April, the company sold 81 units, up 710% YoY on a low year-ago base of just 10 units. On April 24, the company launched two new variants of its Eviator e-SCV range: the Eviator 350 (32 kWh, Rs 14.58 lakh) and Eviator 350L+ (50 kWh, Rs 16.86 lakh). While the Eviator 350, which has a claimed real-world range of up to 140km per charge, is targeted at urban last-mile delivery operators, the Eviator 350L+ (certified range of 300km) targets intercity and high-demand applications such as refrigerated transport and municipal services. The existing Montra 40kWh model remains in the lineup, giving fleet operators three battery configurations to choose from within the same vehicle platform.

Sales Of E-SCVs Could Surpass 20,000 Units In CY2026

Demand for small electric goods / cargo carriers (e-SCVs) has grown rapidly in the past two years. From 6,014 units in CY2024, retail sales jumped 79% YoY to 10,772 units in CY2025. In the January-April 2026 period, e-SCV OEMs have already delivered 6,498 units which marks a handsome 184% YoY increase (January-April 2025: 2,284 e-SCVs/light goods carriers) and are already 60% of CY2025’s record retails. If the same growth trend continues in the coming months, this segment of the e-CV industry could be headed for record annual sales of over 20,000 units.

Sales of light goods carriers are driven by the burgeoning demand for cargo deliveries catered to by the hub-and-spoke model in urban India from various industries including e-commerce, white goods, FMCG, parcel and courier and organised retail. An added factor is growing number of new models in the market and as well as being the eco-friendly option for intra-city and inter-city operations. Given the current global crude oil supply crisis, demand for this vehicle category can only rise further as diesel e-SCV buyers shift to zero-emission vehicles.

ALSO READ: Mahindra Last Mile Mobility sells 10,292 E-3Ws in April, Bajaj and TVS clock highest monthly sales

Strong Demand for Electric SCVs Sees Tata Motors and Euler Motors Top e-CV Sales in April

Autocar Professional Bureau — Mon, 04 May 2026 08:55:05

While e-CV market leader Tata Motors was also the No. 1 in e-SCV retails in April, Euler Motors has positioned itself as the strong No. 2 player, ahead of Mahindra Last Mile Mobility.

Plenty Of Action In Small E-CV Segment: Tata Tops, MLMM, Euler And Tivolt Post Strong Growth

Sales of light / small e-CVs continued to grow at a rapid pace in April and the e-SCV category remains the growth driver of the overall e-CV segment. This category (1,817 units) commanded an 81% share of April e-CV sales led by market leader Tata Motors which sold 792 e-SCVs, up 206% YoY (April 2025: 259 units). Tata Motors’ e-SCV lineup comprises the Ace Pro EV, Ace EV, Ace EV 1000 and the recently launched Intra EV Pickup, each engineered to meet diverse urban and semi-urban cargo requirements and available with multiple load deck configurations and payload options to drive flexibility for varied business applications.

Sales Of E-SCVs Could Surpass 20,000 Units In CY2026

ALSO READ: Mahindra Last Mile Mobility sells 10,292 E-3Ws in April, Bajaj and TVS clock highest monthly sales

Mahindra Last Mile Mobility Sells 10,292 E-3WS in April, Bajaj and TVS Clock Highest Monthly Sales

Ajit Dalvi — Sat, 02 May 2026 11:49:37

Like their zero-emission 2-wheeler and passenger vehicle siblings, India’s electric 3-wheeler industry has also opened FY2027 with strong numbers. In April 2026, as per Vahan, the 631 companies in this segment of India EV Inc sold 64,549 units, up 3% YoY (April 2025: 62,489 units) and up 1.5% month on month (March 2026: 63,549 units). These April numbers come on the back of the e-3W industry hitting a record high of 830,819 units in FY2026.

India e-3W Inc’s performance continues to be powered by three legacy OEMs – Mahindra & Mahindra, Bajaj Auto and TVS Motor Co – along with a few other companies. Here’s looking at the top seven best-selling e-3W OEMs which accounted for 45% (28,891 units) of the retail sales in April 2026.

Mahindra Last Mile Mobility (MLMM), the e-3W arm of the SUV major Mahindra & Mahindra, has begun FY2027 with retail sales of 10,292 units, up 83% YoY (April 2025: 5,633 units). This is the third instance that MLMM has sold over 10,000 e-3Ws in a single month, the previous ones being October 2025 (11,861 units) and November 2025 (10,777 units).

This performance gives MLMM a market share of 16% in April and comes on the back of its 12% e-3W share in FY2026, up from the 10% in FY2025 and 9.57% in FY2024. As the first legacy OEM to plug into e-mobility nearly a decade ago, MLMM has the largest e-3W portfolio including the Treo, Treo Plus, Treo Zor, Treo Yaari, Zor Grand, e-Alfa Plus, e-Alfa Cargo and more recently the UDO. MLMM outsold arch rival Bajaj Auto last month, marking the 11^th time in the past 13 months that it has done so. In April, the market leader and the challenger were separated by just 567 units.

Bajaj Auto, the world’s largest 3-wheeler manufacturer and exporter, registered its highest monthly sales of e-3Ws last month. The 9,725 units sold in April 2026 are a 77% YoY increase (April 2025: 5,509 units) and give the company a 15% market share for the month. The April numbers beat the previous best of 9,051 units in March 2026.

A relatively recent entrant into this segment, Bajaj Auto’s growth trajectory is reflected in its rising market share: from 2% in FY2024 to 7% in FY2025 and 11% in FY2026. In FY2026, Bajaj had outsold MLMM in January and February 2026. The company, which has the GoGo brand of passenger and cargo e-3Ws, forayed into the 40,000-units-per-month volume e-rickshaw passenger and cargo sub-segment with its Riki model in November 2025 and, more recently, expanded its passenger model portfolio with the Wego P9018 claimed to be India’s longest range (296km) e-3W.

TVS Motor Co, a recent entrant in the e-3W market, holds onto the No. 3 rank it first achieved in January and then maintained over the next three months. In April, the company delivered 3,046 units, up 152% YoY (April 2025: 1,207 units) to achieve a 5% market share for the first time. This is TVS’ highest monthly sales since it entered the e-3W industry, beating the previous best of December 2025 (2,887 units) and reflects a positive market response to its King EV Max passenger and King Kargo HD EV models in a competitive market.

The Delhi-based YC Electric Vehicles is ranked No. 4 with 1,932 units, down 43% YoY. The advance of the top three legacy OEMs has impacted companies like YC Electric. This longstanding player has five models – Yatri Super, Yatri Deluxe, and Yatri for passenger transport, and E-Loader and Yatri Cart for cargo operations.

It’s the same with the Rajasthan-based Saera Auto. The company, which manufactures the nine-model Mayuri brand of electric rickshaws, sold 1,388 units in April 2026, down 23% YoY.

Likewise, Dilli Electric Auto which clocked sales of 1,327 units, down 23% YoY. This Haryana-based company manufactures electric rickshaws (CityLife brand), a category which has come under attack from legacy players like MLMM, Bajaj Auto, TVS and TI Mobility which are rolling out better-built and safer products. The impact of increasing competition in the volume e-rickshaw market can be seen in Dilli Electric Auto’s reducing market share which at 2.60% in FY2026 is down from the 4% it had two years ago.

Meanwhile, seventh-ranked Piaggio Vehicles has posted 4% YoY sales growth with 1,181 units (April 2025: 1,141 units).

Combined sales of MLMM, Bajaj Auto and TVS (23,063 units) meant the three legacy OEMs had a 36% share of the 64,549 e-3Ws sold in April. Ten of the Top 20 companies saw a sales decline.

A close look at the Top 20 e-3W OEMs in FY2026 (see data table below) reveals that 50% of them have seen a YoY sales decline. This is also reflective of the fact that e-3W buyers of passenger transport and cargo models across the individual as well as fleet operator categories are displaying a preference for models from well-established players which offer well-built, safer products as also the ease of ample service facilities across the country.

Will the record 800,000-unit retail sales of FY2026 be eclipsed in FY2027? Given the sharpened focus on electric mobility, particularly amid the Iran oil crisis, as well as the recent move by the government to extend the PM e-Drive Scheme for the e-3W segment (e-rickshaws and e-carts) to March 31, 2028, albeit with reduced incentives, one can be cautiously optimistic about this. Even a 10% YoY increase on FY2026’s large base will take the segment to beyond 900,000 units in FY2027. April 2026’s 64,549 units make for a decent start but the momentum needs to increase sharply in the coming months.

While the electric 3W share of the overall 3W market was 60% in April 2026, the CNG share dropped to 24% as a result of month-on-month sales declines since January 2026.

EV Share of 3W Market at 60% in April, Cng Share Drops to 24%

Among the impediments to better adoption of CNG three-wheelers have been regular price hikes of this fuel which increase the total cost of vehicle ownership, which is critical in this vehicle category which caters to both passenger and cargo transport. As of today (May 2, 2026), CNG costs Rs 81 per kg in Mumbai, which is a Rs 4 per kg rise from the Rs 77 per kg rate (on December 20, 2025).

In a highly price- and value-conscious market like India, which have scores of individual-owned 3Ws and a growing number of last-mile mobility fleet operators, the e-3W value proposition as compared to CNG and costlier petrol and diesel is hitting home.

When compared to electric 3Ws, CNG loses out on the zero-emission wallet-friendly alternative. EVs offer a much lower running cost per kilometre of around Rs 1.40 per kilometre with a 90-120km range on a full charge. Meanwhile, a CNG 3W has an estimated running cost of around Rs 1.40 per kilometre, which works out to a 140% increase compared to an e-3W.

The rapid advance of the e-3W segment can be seen from its speedy growth particularly since FY2023 when it crossed the 400,000 sales for the first time and accounted for every second 3W of the total 785,094 units sold in India. Demand continued to rise over the next three fiscals and in FY2026 the e-3W industry doubled its FY2023 volume to surpass the 800,000 milestone for the first time.

In comparison, the CNG-powered 3W segment which registered its highest sales in FY2024 (356,284 units) for a 30% share of the 1.16 million 3Ws sold, saw its share of the overall 3W market progressively reduce to 28% in FY2025 and to 24% in FY2026, and now in the first month of FY2027. Will electric 3Ws continue to take away buyers from the CNG segment in FY2027? Watch this space as we bring you the latest sales updates and analyses.

ALSO READ: TVS, Bajaj, Ather and Hero Vida Open FY2027 with Strong E-2W sales, Ola Sells 12,000 Units

Tata EV Sales Jump 77% in April, Mahindra Outsells JSW Again, Maruti and JSW deliver 1,200 EVs Each

Mahindra Last Mile Mobility Sells 10,292 E-3WS in April, Bajaj and TVS Clock Highest Monthly Sales

Ajit Dalvi — Sat, 02 May 2026 11:49:37

It’s the same with the Rajasthan-based Saera Auto. The company, which manufactures the nine-model Mayuri brand of electric rickshaws, sold 1,388 units in April 2026, down 23% YoY.

Meanwhile, seventh-ranked Piaggio Vehicles has posted 4% YoY sales growth with 1,181 units (April 2025: 1,141 units).

Combined sales of MLMM, Bajaj Auto and TVS (23,063 units) meant the three legacy OEMs had a 36% share of the 64,549 e-3Ws sold in April. Ten of the Top 20 companies saw a sales decline.

While the electric 3W share of the overall 3W market was 60% in April 2026, the CNG share dropped to 24% as a result of month-on-month sales declines since January 2026.

EV Share of 3W Market at 60% in April, Cng Share Drops to 24%

ALSO READ: TVS, Bajaj, Ather and Hero Vida Open FY2027 with Strong E-2W sales, Ola Sells 12,000 Units

Tata EV Sales Jump 77% in April, Mahindra Outsells JSW Again, Maruti and JSW deliver 1,200 EVs Each

Toyota Rumion Crosses 50,000 Sales in 32 Months Since Launch

Ajit Dalvi — Tue, 28 Apr 2026 11:00:00

The Toyota Rumion MPV, launched on August 10, 2023, has driven past the 50,000 wholesales milestone in the domestic market. From launch till end-March 2026, the MPV has registered cumulative sales of 52,271 units (see data table below).

The Rumion is among Toyota Kirloskar Motor’s (TKM) successful products in the past three years. Since its launch, the sensible, no-nonsense Maruti Ertiga-based people-mover, which is among the four rebadged Maruti Suzuki models in TKM’s portfolio, has made its presence felt in the affordable MPV market in India. It helps that the Rumion is also the most affordable Toyota MPV in India with prices starting from Rs 955,000 (ex-showroom) for the 1.5 Petrol E variant through to Rs 13.96 lakh for the top-end Petrol V AT variant.

In FY2026, the Rumion (24,420 units) clocked its highest wholesales to date and was the fifth best-selling MPV in India after the Maruti Ertiga, Toyota Innova, Kia Carens and Maruti XL6.

As the sales data for the past 32 months reveals, the Rumion sold 5,973 units in the last eight months of FY2024, accounting for 2% of the 245,676 passenger vehicles Toyota Kirloskar Motor sold. In FY2025, the 21,878 units were a 266% YoY increase and contributed 7% to TKM’s 309,230 PV sales. In FY2026, the 24,420 Rumions comprised a similar 7% of TKM's record 366,896 passenger vehicle dispatches. In FY2026, the Rumion was the fifth best-selling MPV in India after the Maruti Ertiga (198,327 units), sibling Toyota Innova Hycross / Crysta (112,163 units), Kia Carens (79,202 units) and Maruti XL6 (37,159 units).

The Rumion, TKM’s most affordable MPV, has a claimed mileage of 20.11kpl for the petrol-MT and 20.51kpl for the petrol-AT. The CNG variant returns a claimed mileage of 26.11km/kg.

No-Nonsense People Mover With the Toyota Badge

The Maruti Ertiga-based Rumion is the fourth badge-engineered model shared between TKM and Maruti Suzuki India, after the Glanza hatchback (based on the Baleno), Urban Cruiser Hyryder (based on the Grand Vitara) and the Urban Cruiser Taisor compact SUV (based on the Fronx). The Toyota-Suzuki partnership has also resulted in Maruti Suzuki borrowing Toyota Kirloskar Motor’s Innova Hycross to develop the Maruti Invicto MPV.

The Toyota badge commands significant value in the Indian market, which buys into the brand's core ethics of high quality and durability over long-term usage. That a Toyota seldom disappoints, is cheaper to maintain over its competitors and also offers robust resale value, are reasons enough for buyers to be drawn towards the company's latest offerings, despite four of them being badge-engineered Suzuki versions.

In the case of the MPV segment, durability and reliability are the key customer demands that the Rumion fulfils adequately, just like Toyota's other people-movers like the Qualis of yesteryear and the Innova, which have established the carmaker's high-on-quality image in the Indian market.

Compared to the Ertiga, the Rumion sees very few styling changes to its plastic parts. It gets an all-new bumper with revised fog lamp surrounds, an Innova Crysta-like grille and dual-tone alloy wheels. On the inside, it gets a blacked-out dashboard with wood-like inserts, and the upholstery, similar to the Ertiga, is finished in beige.

The equipment list and 7-seat configuration, too, has been carried over from the Ertiga. As standard safety kit, all variants come with six airbags, electronic stability control (ESC), hill hold assist, TPMS, ISOFIX child seat mounts (second row), seatbelt reminder (all seats), rear parking sensor and a rear camera.

Petrol and CNG Power

Under the hood, the Toyota Rumion uses the same Maruti Suzuki 1.5-litre petrol engine that develops maximum power of 103hp and 137 Nm of torque, mated to a five-speed manual or a six-speed torque converter automatic gearbox. The Rumion is also offered with a factory-fitted CNG kit that produces 88hp and 121.5 Nm in CNG mode, and comes with only a manual transmission. Toyota claims the petrol version has a fuel efficiency of 20.51kpl, while the CNG version returns 26.11km/kg.

The eight-variant Rumion is the smallest and most affordable Toyota MPV in India with prices starting from Rs 955,000 for the 1.5 Petrol E. At this price point, it rivals its own siblings, the Maruti Ertiga and the XL6, as well as the Kia Carens and Carens Clavis.

This Toyota MPV has a claimed mileage of 20.11kpl for the petrol-MT and 20.51kpl for the petrol-AT. The CNG variant returns a claimed mileage of 26.11km/kg.

Rumion Helps Rebadged Share of TKM Sales to Hit New High in FY2026

FY2026 saw Toyota Kirloskar Motor continue the strong trajectory of growth it has displayed since the past three years. Sustained demand for Toyota-made MPVs and SUVs as also the clutch of rebadged models along with ramped-up production and customer-friendly initiatives are paying dividends in the competitive marketplace.

In FY2026, sales of the four badge-engineered models crossed the 200,000-unit mark for the first time. The 211,759 units are a strong 30% YoY increase (FY2025: 163,483 units) and translate into a 58% share of TKM’s record passenger vehicle wholesales of 366,896 units.

In the past three fiscals, wholesales of these four models have nearly doubled from 107,151 units in FY2024 to 211,759 units in FY2026. Interestingly, in FY2026, all 10 models in TKM’s PV portfolio which, other than the above four rebadged models, includes the Innova twins, Fortuner, Camry, Vellfire, LandCruiser 300 and Hilux posted YoY growth.

The Hyryder midsize SUV, which clocked its highest sales in FY2026, continued to be TKM’s No. 1 rebadged model for the third straight fiscal. The 99,883 units gave it a 47% share of this four-model portfolio, improving upon the 37% it had in FY2025 (60,388 units) or the 45% in FY2024 (49,916 units). The Hyryder’s stellar performance is reflected in the fact that it was a close second behind TKM’s longstanding best-seller, the Innova (112,163 units) and even outsold the Innova twins in October 2025, February and March 2026. Since its launch in September 2022, the Hyryder has clocked cumulative sales of over 230,000 units.

The Glanza hatchback takes second position with 52,543 units, up 8% YoY (FY2025: 48,839 units) and a 25% share of the rebadged models’ sales. The Glanza, launched three years before the Hryder n June 2019, has cumulatively sold an estimated 262,000 units till end-March 2026. While the Urban Cruiser Taisor compact SUV (34,913 units) registered an 8% YoY increase, demand for the Rumion MPV (24,420 units) rose 12% YoY.

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TVS Jupiter Sells Record 1.46 Million Units in FY2026 and 9 Million Since Launch

Ajit Dalvi — Mon, 27 Apr 2026 09:48:42

The Jupiter, TVS Motor Co’s flagship scooter and India’s No. 2 best-seller in the booming scooter market, has gone past the 90 lakh or nine million-units wholesales milestone in the domestic market. Launched on September 16, 2013, the Jupiter scooter brand, first introduced as a 110cc model and then in 125cc avatar, has sold a total of 90,10,180 units till end-March 2026. Around 154,000 units have also been exported over the past 13 fiscal years.

FY2026 saw the Jupiter register its best-ever 12-month sales in India – 14,63,328 units, up 32% YoY – selling an additional 356,043 units over FY2025’s 11,07,285 units and making it the second fiscal in a row that this scooter sold over a million units. This stellar performance, which translates into 4,009 Jupiter scooters being sold each day in FY2026, saw the Jupiter’s share of TVS’ record scooter sales of 2.30 million units rise to 64% from 61% in FY2025.

FY2026 saw combined sales of the 110cc and 125cc Jupiter hit a new high of 1.46 million units and a 64% share of TVS’ record 2.30 million scooters. The last million sales have come in only 8 months!

TVS’ best-selling two-wheeler is the closest rival to India’s No. 1 scooter, the Honda Activa. In FY2026, the Jupiter maintained its position as TVS’ best-selling two-wheeler, selling more than the combined sales of the next best TVS two-wheelers: Apache series motorcycles (571,376 units), Raider 125 (426,877 units) and NTorq 125 (363,904 units). The Jupiter’s pace of sales was extremely rapid in FY2026. In fact, the last one million units – 10,30,278 units – were sold in just eight months! This is better than the run from 7 to 8 million which took 11 months. And the Jupiter’s highest monthly sales yet came in August 2025 when 142,411 units were dispatched to showrooms in India, up 59% YoY.

A glimpse of the Jupiter’s promising future came in less than two years after launch 13 years ago. On May 14, 2015, the scooter crossed the 500,000-unit sales mark. Thirty months later, on June 13, 2016, it crossed the million-sales milestone and on September 26, 2017, the 2-million sales mark was surpassed. The four-million milestone came up early in FY2021 and five million in June 2022. The six-million sales milestone came up in October 2023, the seven-million mark in the first half of FY2025, with the 8-million milestone crossed in mid-August 2025.

While the 113cc Jupiter (left) was launched in September 2013, the TVS flagship scooter’s sales got a booster shot with the Jupiter 125 in October 2021 just as the consumer shift to 125cc was happening.

Family Scooter in 113cc and 125cc Avatars

The 113cc Jupiter, launched in September 2013, received its most comprehensive update after 11 years including a new micro-hybrid system, a 33-litre underseat storage area that can accommodate two half-face helmets and a Bluetooth-compatible LCD display on higher variants. The engine, which develops 7.91bhp of power at 6500rpm and 9.8 Nm torque at 5000rpm, helps the Jupiter reach a top speed of 82kph and delivers fuel efficiency of 50.2kpl in the city and 56.4kpl on the highway. Priced from Rs 73,400 through to Rs 86,900 (ex-showroom), the 113cc Jupiter competes with the Honda Activa and Hero Destini 110.

Following the success of its first 125cc scooter, the NTorq, TVS introduced the Jupiter 125 in October 2021. The feature-laden, bigger and more powerful Jupiter 125 with industry-first features such as the largest under-seat storage, segment-leading longest seat, neo-masculine styling and high mileage has proved to be a growth driver for the brand, alongside the original 113cc model. This model received its most comprehensive update in October 2025. Priced from Rs 77,000 through to Rs 87,800, ex-showroom, this TVS scooter, as per Autocar India, “provides a nearly-perfect combination of performance, practicality and efficiency that Indians keep lining up for.”

The Jupiter 125 produces 8.04 bhp of power at 6500rpm and 10.5 torque at 4500rpm, has a top speed of 95kph, and despite its power and output, delivers decent mileage of 50kpl as well. Equipped with a 5.1-litre fuel tank, the Jupiter 125 delivers a real-world riding range of around 240km to 275km. The Jupiter 125, available in 4 variants (Drum Alloy, Disc, DT SXC, and SmartXonnect), counts the Suzuki Access and Honda Activa 125 as its main rivals.

In FY2025, TVS sold a record 2.30 million scooters including best-ever 1.46 million Jupiters and 363,904 NTorqs and saw its scooter market share rise to a new fiscal-year high of 28 percent.

Jupiter Helps Power TVS’ Scooter Market Share to 28%

Since its launch, the Jupiter, along with the NTorq 125, has helped give TVS a strong position in India’s fast-growing scooter market. Within a year of the Jupiter’s launch, the company’s scooter market share grew from 12.68% to 15.19% in FY2015 and 16.36% in FY2018, when the TVS NTorq 125 was introduced in the penultimate month of that fiscal.

Since then, the Jupiter-NTorq combine has accelerated TVS Motor Co’s scooter market share which has risen to an all-time high of 28% in FY2026, next only to market leader Honda’s 39%, which is down from the 41.50% that HMSI had FY2025 and 43% in FY2024 (see OEM-wise scooter sales and market share for FY2026 above).

Proof of the Jupiter powering TVS’ scooter sales can be amply seen in the company’s sales numbers. Of the company’s cumulative scooter sales of 14.40 million (1,44,03,474 units) from FY2014 till end-FY2026, the Jupiter accounts for 9 million units (90,10,180 units), which makes for a commanding contribution of 62.55% including a new fiscal-year high of 64% in FY2026. This makes for a tripling of its share of TVS scooter sales since launch . . . from 21% in FY2014 to 64% in FY2026.

Given the current rapid rate of growth, it won’t be surprising if the Jupiter sells another million units in the next 8-odd months, which means the TVS flagship scooter should hit the 10 million or 1 crore sales milestone before CY2026 is out.

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