TVS Motor Leads India’s EV Two-Wheeler Market as June Registrations Rise 12%

How Did TVS Motor Strengthen Its Leadership in the EV Two-Wheeler Market?

India’s electric two-wheeler market continued its strong growth momentum in June, with registrations rising 12.2% month-on-month to 1.93 lakh units, according to Vahan data. Leading the charge was TVS Motor Company, which further widened its lead over rival Bajaj Auto by retaining the top position in the market.

TVS registered 46,999 electric two-wheelers during the month, capturing a 24.29% market share. The company added more than 4,000 units over May sales, reflecting sustained demand for its EV portfolio. The strong performance comes as India’s electric mobility market continues to benefit from improving consumer adoption, expanding charging infrastructure, and supportive government policies.

How Did Other Leading EV Manufacturers Perform in June?

While TVS remained the market leader, Bajaj Auto continued to close the gap by registering 43,234 units, giving it a 22.34% market share. Like TVS, Bajaj recorded 9.4% month-on-month growth, highlighting the intense competition at the top of the electric scooter market.

Ather Energy retained the third position with 31,188 registrations, accounting for 16.12% of the market. Meanwhile, Hero MotoCorp emerged as the fastest growing company among the top five manufacturers, with registrations rising 13.4% to 21,792 units.

In contrast, Ola Electric remained in fifth place despite posting a modest recovery. The company registered 16,144 units, recording 6.1% monthly growth and increasing its market share to 8.34%, but continued to trail its larger competitors.

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Which Emerging EV Companies Are Gaining Momentum?

Beyond the leading manufacturers, several emerging electric vehicle companies reported strong growth during June. Greaves Electric Mobility stood out with a 41.9% month-on-month increase, reaching 10,928 registrations, making it one of the fastest-growing players in the market.

River Mobility and BGauss also delivered healthy growth of 16% and 18.7%, respectively. Among smaller manufacturers, E-Sprinto Green Energy nearly doubled its registrations to 1,878 units, indicating growing consumer interest beyond the established market leaders.

The broader participation across manufacturers reflects increasing maturity within India’s electric mobility ecosystem as customers gain access to a wider range of products across different price segments.

How Will Delhi’s New EV Policy Influence Future Growth?

The market’s strong June performance coincides with the approval of Delhi’s new EV Policy, which is expected to provide an additional boost to electric two-wheeler adoption. Under the policy, only electric two-wheelers will be eligible for new registrations in Delhi from April 2028, while buyers will receive purchase incentives of up to ₹30,000 during the first year.

The government also plans to significantly expand charging infrastructure across the national capital, improving convenience for EV users and reducing barriers to adoption.

As Delhi remains one of India’s largest two-wheeler markets, the policy is expected to strengthen long-term demand while encouraging manufacturers to expand their electric vehicle portfolios.

What Does June’s Performance Signal for India’s EV Industry?

June’s registration data reinforces the rapid transformation taking place in India’s electric two-wheeler market. Rising consumer demand, increasing product choices, supportive government policies, and continued investment in charging infrastructure are creating favourable conditions for sustained industry growth.

Competition among manufacturers is also intensifying, with established automotive companies strengthening their positions while newer entrants continue to expand their presence. As policy support increases across multiple states and consumers become more comfortable with electric mobility, India’s EV market is expected to witness another phase of accelerated expansion over the coming years.