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 1,48,677 units delivered to e-2W buyers, up 61 percent YoY as opposed to April 2025’s 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.
- TVS currently holds 25 percent of the EV sales pie
- Top 10 E-2 wheeler manufacturers account for 94 percent of total sales
- Ola Electric records best monthly performance in the past six months despite a YoY decline.
E-2 Wheeler April sales:
TVS Motor Co : 37,661 units
Market leader TVS Motor Co sold 37,661 units in April 2026. This is a handsome 96 percent YoY increase (April 2025: 19,176 units) and gives the company a monthly market share of 25 percent at the start of FY2027. TVS’ April sales are its second-highest monthly numbers, and come just one month after the company hit its highest scale in March 2026 (49,719 units). What has helped drive demand is the 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 and peace of mind. While the flagship iQube remains the model with the highest share of sales, the Orbiter is witnessing growing demand.
Bajaj Auto : 32,883 units
Sitting right below TVS at its usual second spot is Bajaj Auto delivered 32,883 Chetak last month, up 72 percent YoY (April 2025: 19,162 units), which gives it a 22 percent e-2W market share for April 2026. This is the third highest monthly score for the Pune-based major after March 2026 (46,544 units) which was only another month when the company had retailed over 40,000 units and March 2025 (35,215 units).
Ather Energy : 27,024 units
Third-ranked Ather Energy is still behind Bajaj Auto in numbers but eyeing the No. 2 position. The EV start-up, which has surpassed 6 lakh cumulative retail sales recently, sold 27,024 units in April 2026. This gives it an 18 percent market share and marks robust 103 percent YoY growth (April 2025: 13,332 units) and is the company’s second-highest monthly total. This is the sixth instance of the smart e-scooter start-up clocking 20,000-plus sales with the highest coming in March 2026 (36,125 units).
Vida : 15,230 units
Hero Vida, the EV arm of Hero MotoCorp, is now well entrenched as the No. 4 e-2W OEM. In April 2026, the company sold 15,230 units, up 148 percent YoY (April 2025: 6,150 units). The Vida brand, which has crossed cumulative sales of 2 lakh units including 1 lakh in 8 months, had an e-2W market share of 10 percent in April.
Ola Electric : 12,166 units
Ola is back to being the No. 5 e-2W OEM in monthly sales for the second month in a row. Ola, which had slipped to No. 6 position in February 2026 and below Greaves Electric Mobility for the first time, sold 12,166 units in April 2026, which is 2,037 more e-2Ws than in March (10,117 units). This, however, is a 39 percent YoY decline (April 2025: 19,824 units) and its best monthly performance in the past six months after October 2025 (16,064 units).
Greaves Electric Mobility
6,884 units
Greaves (6,884 units, up 72 percent YoY) and Ampere Vehicles are back at No. 6 position they had occupied before February. In April 2026, GEM had a 5 percent e-2W market share. GEM’s previous best monthly sales came in October 2025 (7,635 units) and Ampere (as a single entity) in November 2022 (12,260 units). On April 24, GEM launched the new Ampere Magnus Neo, a lighter and redesigned variant which is aimed at urban commuter buyers.
River Mobility : 3,198 units
Bengaluru-based River Mobility, which is witnessing growing demand for its sole product – the River Indie – delivered 3,198 units, up 302 percent YoY (April 2025: 796 units). The company had clocked its highest monthly sales in March 2026 (4,200 units) and has sold over 30,000 units till end-April 2026.
Bgauss Auto : 3,065 units
EV startup Bgauss Auto, which began sales in August 2022, sold 3,065 units last month, up 133 percent YoY (April 2025: 1,313 units).
Simple Energy: 1,188 units
Simple is witnessing a good run of demand for its e-scooters, selling 1,188 units last month, up 338 percent YoY (April 2025: 271 units). The company, which has a two-model portfolio in the form of the Simple One (4.5 kWh, 5 kWh) and OneS has recently announced the Ultra claimed to deliver a 400km travel range.
Bounce Electric : 1,077 units
Haryana-based Bounce Electric enters the Top 10 listing with 1,077 units, up 1583 percent YoY on a low base of just 64 units in April 2026.
Of the 10 companies vying for a slice of India’s booming e-2W market, combined sales of these Top 10 OEMs at 1,40,376 units accounted for 94 percent of the 1,48,677 units sold in April 2026, leaving the remaining six percent to be fought over by the other 150 players. The Top 5 OEMs – TVS, Bajaj Auto, Ather Energy, Hero Vida and Ola Electric – maintained their stranglehold over the segment. Their combined sales of 1,24,964 units give them an 84 percent share of April’s retail sales.
Meanwhile, the three Japanese OEMs together sold 753 e-scooters in April 2026. While Honda sold 377 units, Suzuki delivered 273 units of its e-Access and Yamaha 103 EC-06 e-scooters.