The Indian electric two-wheeler industry has surpassed 1 million unit sales as of July 6 this year. As per the latest data on the Vahan portal, a record 10,05,279 e-scooters, motorcycles and mopeds have been sold between January 1 and July 6 this year. This marks a handsome YoY increase of 54 percent (January 1-July 6, 2025: 6,54,592 units) and daily sales of 5,375 units.
As the six-month retail sales data table above depicts, 2026 opened with 1,29,265 units in January, dropping 8 percent MoM in February (1,18,408 units). March saw retails jump 68 percent MoM to 1,99,393 units, which remains the highest monthly total yet for the industry. As a result, Q1 2026 (4,47,066 units) registered YoY growth of 39 percent (Q1 2025: 3,21,520 units). Sales rose higher in Q2 2026 (5,24,335 units) which was a 17 percent increase over Q1 and a 68 percent jump YoY (Q1 2025: 3,12,070 units) due to the sharp spike in sales in April (1,57,619 units, up 63 percent), May (194,196 units, up 64 percent) and June (1,94,186 units, up 75 percent).
Retail sales in May 2026, particularly from the second half, got a boost from the sharp increase in the price of petrol and a market dynamic that saw a fair number of two-wheeler buyers go electric to save money on costly petrol. Starting May 15, oil marketing companies implemented four hikes in petrol price in a span of 10 days. So far, fuel prices remain unchanged (as of July 7) and are enabling a higher level of transition to electric mobility across passenger and commercial vehicle segments.
Top brands on track to clock highest-ever annual sales
TVS, Bajaj Auto, Ather Energy and Vida have already achieved more than 80 percent of their record annual sales in 2025 already in 2026 so far.
The e-2W segment’s stellar growth this year is being driven by its Top 10 movers and shakers, with the bulk of them set to register their highest calendar year retail sales in CY2026. Combined sales of these 10 OEMs, at 9,39,894 units, gives them a 93 percent share of the 1-million retails to date, leaving the remaining 7 percent to be fought out by the other 16 players in the segment.
Market leader TVS Motor Co has sold 2,60,938 iQube and Orbiter scooters till July 6 and accounts for a 26 percent share of the 1 million sales. This total is already 83 percent of its 2025 sales of 3,15,085 units which means TVS is well set to surpass the 5 lakh units annual sales milestone for the first time in 2026.
Bajaj Auto, with 2,25,960 units and 22 percent share, is the closest challenger to TVS. The manufacturer of the Chetak has achieved 81 percent of its 2025 sales (2,79,687 units). It should cross the 3 lakh units annual sales mark by mid-August and then go on to surpass 4 lakh unit sales by the end of the year. It will be achieving both these milestones for the first time in a calendar year.
Ather Energy, the firm No. 3, is also on a roll this year. The company has delivered 1,74,677 units between January 1-July 6, which gives it a 17 percent share of the million units and constitute 81 percent of its 2025 sales (2,14,984 units). Given the strong growth momentum for its products, particularly the Rizta and the potential of its upcoming more affordable EL-platform based products, Ather should likely go on to surpass 3.50 lakh units this year.
Hero MotoCorp (Vida) will, for the first time, achieve the 2 lakh unit annual sales milestone for its EVs. The 1,09,306 e-scooters sold till date are 97 percent of its 2025 total (1,13,024 units) and give the company an 11 percent share of all e-2Ws sold in the year to date.
Ola Electric has delivered 68,148 e-scooters and e-motorcycles in the first 187 days of this year. This gives it a 7 percent share of the million units albeit this total is just 33 percent of its sales in 2025 (2,04,526 units). While annual sales will surely cross the 1.25 lakh units mark this year, only a massive resurgence in demand for products from the former market leader will see it hit 1.50 lakh units, far fewer than the top three OEMs – TVS, Bajaj and Ather.
IPO-bound Greaves Electric Mobility, the manufacturer of Ampere e-scooters, has clocked retail sales of 45,240 units in the year to date. This gives it a 5 percent share of the million-unit sales and is 78 percent of its 2025 sales (57,700 units). GEM’s highest annual sales were in 2022 (80,000-plus including Ampere Vehicles).
Bengaluru-based River Mobility, which is witnessing growing demand for its sole product – the River Indie – has already hit a new annual sales high of 22,490 units. This is 5,470 units more than in 2025 (17,020 units) and should see the startup close in on the 50,000 mark in 2026. The company also manufactures the Yamaha EC-06, which is based on the Indie platform.
Eighth-ranked BGauss Auto sold 20,276 units between January and July 6, which gives it a 2 percent share of all-India e-2W sales to date and 80 percent of its 2025 sales (25,131 units).
Scooter maker Simple Energy has sold 7,391 units in the year to date, 763 units more than the 6,628 e-scooters it sold in 2025. Electric motorcycle manufacturer Revolt Motors, with 5,468 units, has achieved 50 percent of its 2025 sales of 11,018 units.
Given that the surging demand for electric scooters and motorcycles continues in H2 this year, the industry is racing towards breaching the 2-million annual sales milestone for the first time. And, considering that e-2Ws constitute the largest volume, they will also help the domestic EV industry to achieve a record 3 million sales this year.
