TVS Leads India's Electric Two-Wheeler Retail Market in October 2026 With 60,490 Units
By Eve
TVS Motor Company topped India's electric two-wheeler retail market in October 2026 with 60,490 units, up 94.7% from 31,075 a year earlier, according to FADA data. Total electric two-wheeler retail sales reached 2,24,064 units, up 48.5% year-on-year, though penetration slipped to 9.7% from 11.6% in September 2026 because Diwali moved from October in 2025 to November this year. Bajaj Auto followed with 49,126 units (up 51.3%), Ather Energy recorded 31,833 units (up 5.3%), Hero MotoCorp reached 29,923 units (up 81.4%), and Ola Electric fell 26.4% to 12,098 units.
Why it matters
Legacy manufacturers are taking share from early pure-play brands, which shifts where the future charging demand and fleet relationships are likely to sit. The month-on-month dip is a festival timing effect rather than a slowdown, so CPOs and suppliers should read the 48.5% annual growth as the stronger signal when planning two-wheeler charging and swapping capacity.
Source
- Original title
- “TVS Doubles Sales to Lead Electric Two-Wheeler Market as Diwali Calendar Shift Dips Penetration”
- Published
- 6 November 2026
In this story
- Topic
- Electric Vehicles
- Place
- India
- Tag
- TVS
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