TVS crosses 1 million electric scooter sales

TVS has crossed the 10 lakh (1 million) cumulative retail sales milestone for its electric scooters in India, becoming only the second EV manufacturer to achieve the feat after Ola Electric. As per Vahan data recorded on June 11, 2026, TVS has delivered a total of 10,04,148 units – comprising the iQube and the Orbiter – since entering the electric two-wheeler market in January 2020. The last 1 lakh of those were sold in just 75 days, at an average of 1,333 units per day between March 28 and June 10.

1. TVS iQube and Orbiter cross 10 lakh cumulative sales
2. TVS is the second Indian EV maker to reach this milestone
3. 2026 could see TVS hit 5 lakh annual sales for the first time

TVS electric scooter sales over the years

First 5 lakh units took 5 years; next 5 lakh took just 16 months

The pace of TVS's electric scooter sales tells a clear story of accelerating adoption. The first 1 lakh iQube retail sales took over three years. The milestone from 1 lakh to 2 lakh was reached in just 10 months. The 3 lakh milestone was crossed in April 2024 – 52 months after launch. From there, the growth shifted up a notch. The jump from 3 lakh to 7 lakh units took just 17 months, and the move from 7 lakh to 8 lakh units was completed in just three months (October-December 2025).

TVS's market share in the electric two-wheeler segment has grown steadily alongside this volume growth – from 1 percent in 2020 to 8 percent in 2022, crossing 20 percent for the first time in 2023 (1,77,024 units). 2025 was a breakout year, with TVS selling 3,15,083 units to become the segment's number one player from April – a position it has maintained since.

2026 is shaping up to be the strongest year yet for TVS's electric scooter business. Since the start of the year, the company has delivered 2,19,232 units – already 70 percent of its sales 2025. The company's best-ever single month came in May 2026 with 51,605 units – the second-highest monthly sales figure ever recorded by an Indian electric two-wheeler manufacturer, after Ola Electric's 53,647 units in May 2024.

At its current daily run rate of approximately 1,361 units, TVS could be looking at crossing the 5 lakh annual sales milestone for the first time this year – a figure that would represent more than 57 percent growth over its previous best. The broader electric two-wheeler segment, averaging over 1,55,000 units a month in 2026, is also on course to approach the 2 million annual sales mark for the first time, aided by rising petrol prices following the West Asia crude oil crisis.