Electric two-wheeler sales fall 11 percent in August after record July 2026

Electric two-wheeler sales fall 11 percent in August after record July 2026
TVS iQube, Bajaj Chetak, and Ather Rizta on a podium graphic

Following a record-setting July that saw the electric two-wheeler segment cross 2 lakh monthly sales for the first time, August delivered a more measured 1,82,936 units – down 11 percent month-on-month but still 67 percent higher than the same month last year. With cumulative sales in the first eight months of the year crossing 13.6 lakh units, already surpassing the full-year tally of 13.4 lakh units in 2025, the 20 lakh annual sales milestone is within reach, with four months and the festive season surge still to go.

  1. Electric two-wheeler retail sales of 1,82,936 units in August 2026
  2. TVS, Bajaj, Ather and Hero Vida account for 75 percent of sales
  3. 2026 sales already exceed the full-year 2025 total

August 2026 electric two-wheeler sales: OEM breakdown

TVS Motor Co: 48,873 units

TVS Motor Company sold 48,873 electric scooters last month – up 91 percent year-on-year and good for a 27 percent market share, up from 23 percent a year ago. While this represents a 12 percent drop from July’s record 55,823 units, cumulative eight-month sales of 3,56,579 units have already exceeded TVS’s full-year CY2025 total of 3,15,082 units. As it stands, TVS is on course to cross 5,25,000 annual electric scooter sales for the first time in 2026.

Bajaj Auto: 41,019 units

Bajaj Auto delivered 41,019 Chetak units in August – a 235 percent year-on-year increase. However, it is worth noting that the comparison is skewed by supply chain disruptions that affected production in August 2025. Like TVS, Bajaj’s sales so far this year, at 3,05,226 units, have already surpassed the brand’s full-year total of 2,79,687 units from 2025. It is now on track to cross 4 lakh annual EV sales for the first time.

Ather Energy: 28,708 units

Ather sold 28,708 units in August, up 49 percent year-on-year, for a 16 percent market share. Cumulative eight-month sales of 2,29,099 units are up 83 percent year-on-year. With the recently introduced Konarc, the brand will be looking to significantly accelerate volumes heading into the festive season.

Vida: 18,978 units

Vida delivered 18,978 units in August, up 38 percent year-on-year but down 17 percent from its best-ever month of 22,989 units in July. Sales from January to August, at 1,48,069 units, are up 151 percent year-on-year, putting the brand on course to cross 2 lakh annual EV sales for the first time.

Ola Electric: 13,849 units

Ola Electric sold 13,849 units in August – down 29 percent from last August and making it the only top-10 brand to register a decline. The company’s eight-month total of 94,307 units is down 39 percent year-on-year. Ola’s market share has dropped sharply to 8 percent from 18 percent a year ago, when it ranked third overall.

Other notable performers

Greaves Electric Mobility delivered 8,612 units, up 89 percent year-on-year, with the Ampere Magnus Neo and the recently updated Magnus G Max both contributing to demand. River Mobility sold 5,134 units of the Indie, up 170 percent year-on-year, while Bgauss Auto sold 4,844 units, up 180 percent from last August. Simple Energy delivered 1,635 units from its One, OneS and Ultra range, with the Simple Wave, expected to go on sale later this month, potentially helping boost those figures further.