India's electric two-wheeler segment registered sales of 1,70,570 units in May 2026, a 63 percent jump over the 1,04,896 units sold in May 2025. The month ranks as the second highest ever for the segment, behind only March 2026 when 1,99,268 units were retailed. A significant factor behind the surge was a sharp rise in petrol prices in the second half of May. The impact on buying behaviour was evident with 66,487 electric 2Ws sold in the first half of May versus 1,04,083 units sold in the second half.
- Electric two-wheeler sales up 63 percent YoY in May
- Petrol price hikes in the second half of May accelerated demand
- TVS continues to be the market leader
May 2026 electric two-wheeler sales
TVS Motor Co: 42,415 units
Market leader TVS Motor Company sold 42,415 electric scooters in May 2026, up 64 percent YoY from the 25,804 units last year, giving it a 25 percent market share for the month. This is its second-highest monthly total after the record 51,593 units retailed in March 2026. The iQube remains the highest-selling model, with the Orbiter witnessing growing demand.
Bajaj Auto: 39,142 units
Bajaj Auto sold 39,142 Chetak scooters in May 2026, up 73 percent YoY from 22,643 units, giving it a 23 percent market share. This is also its second-highest month after March 2026 (47,733 units). The gap between TVS and Bajaj has been narrowing steadily – the two were separated by just 3,273 units in May, compared to 9,559 units in January. Bajaj has indicated plans to further expand its e-scooter portfolio in FY27, with new products expected under the Chetak umbrella.
Ather Energy: 28,211 units
Ather Energy sold 28,211 units, doubling its sales year-on-year from 14,101 units to hold a 17 percent market share. This is its second-highest month after March 2026 (36,333 units) and the seventh time the company has crossed 20,000 units in a single month. The Rizta, which has crossed 3,00,000 cumulative sales, remains its most popular product.
Vida: 19,051 units
Vida sold 19,051 units this past month, up a substantial 158 percent YoY from 7,385 units – the highest growth rate among the top players – and giving it an 11 percent market share, up from 7 percent a year ago. Cumulative Vida sales have now crossed 2,50,000 units. The pace of growth has been accelerating sharply: while the first 1,00,000 sales took 33 months, the last 50,000 units to reach the 2,50,000 milestone were delivered in under three months.
Ola Electric: 15,141 units
Ola Electric maintained its fifth-place position for the third consecutive month with sales of 15,141 units, its best performance in five months. However, it remains down 20 percent year-on-year (May 2025: 18,967 units) and its market share has halved from 18 percent to 9 percent.
Other manufacturers
Greaves Electric Mobility sold 7,696 units, up 78 percent YoY (May 2025: 4,325 units), with its market share rising to 4.51 percent. Bengaluru-based River Mobility delivered 3,717 units, up 245 percent YoY, doubling its market share to 2 percent. EV startup Bgauss Auto sold 3,296 units, up 205 percent YoY, while Bounce Electric moved up from tenth in April to ninth in May with 1,346 units, up 163 percent YoY. Simple Energy rounded out the top 10 with 1,288 units, up 338 percent YoY, as the company targets 10,000 units a month by March 2027. Combined, the top 10 players accounted for 94 percent of all e-2W sales in May, with the remaining 6 percent split among 165 other manufacturers.
Saptarshi Mondal
Suraj Viswanathan
Dhruv Dhaka
Uday Singh
