Bajaj becomes second Indian EV maker to cross 3 lakh sales this year

Bajaj has become the second electric vehicle manufacturer in India to cross the 3 lakh sales mark. As per Vahan data, the Pune-based manufacturer of the Chetak e-scooter and Yulu e-bikes has delivered a total of 3.02 lakh units between January and August 2026. This is a first for the brand, and marks a 68 percent growth compared to last year. It also makes Bajaj the second e-2W OEM to do so, after market leader TVS, which crossed the same milestone last month.

1. Bajaj currently sells five EV scooter models via the Chetak brand
2. August sales have increased by 210 percent compared to last year

TVS stays ahead of Bajaj by about 50,000 units

Ather is about 75,000 units behind, with the Konarc expected to help

At present, TVS is 51,063 units ahead of Bajaj, having sold 3.53 lakh units till August end. Ather, third in sales at 2.27 lakh units, and has just launched the mass-market Konarc, is also expected to surpass 3 lakh sales close to November this year. The number of units sold so far gives Bajaj a 22 percent share of the market, putting it ahead of Ather Energy (17 percent) and behind TVS (26 percent).

Bajaj currently has a five-variant Chetak portfolio comprising the Chetak C2501 as the entry-level offering and the C3501 as the brand’s current flagship EV. As the monthly retail sales data table above indicates, Bajaj’s highest single-month sales were in March 2026 which was the first time that sales crossed the 40,000 sales mark. Since then, it has crossed that figure two more times, in June and in July.

Upcoming festival season expected to help increase sales

Bajaj is expected to sell up to 4.5 lakh units by year end

With the festive season to kick off soon, expect Bajaj to add another 1.25-1.50 lakh units in the next four months. This will take the company’s total e-2W retail sales to a record 4.25-4.50 lakh sales for the year. The topper, TVS is on track to be the first Indian EV manufacturer to sell 5 lakh units this year. Bajaj will also be well ahead of Ather, which is expected to register record retail sales of an estimated 3.50 lakh units.

Nevertheless, both Bajaj and TVS, will be keenly watching the market response to the Ather Konarc. The Konarc’s base variant has been priced at Rs 99,999, about Rs 4,000-5,000 more than both Bajaj and TVS’ entry level offerings. Vida, fourth in sales, also thus has the incentive to watch the customer response to the Ather Konarc.

With inputs from Stephen Raj Antony.