The Indian electric two-wheeler industry has notched its second-highest monthly retail sales total in June. The 1,93,495 e-scooters delivered to customers last month are a 75 percent YoY increase and just 5,891 units short of the record sales in March 2026.
- TVS currently holds a 24 percent share of the E-2 wheeler market
- Ather records second-highest monthly sales after March 2026
- Bajaj records a 80-percent year-over-year increase
May 2026 saw a sales spike due to four petrol price hikes, June 2026 witnessed a 12 percent month-on-month increase to take cumulative January-June 2026 sales to 9,70,611 units, up 53 percent YoY. In a segment which has over 175 players, let’s take a closer look at the Top 10 led by TVS Motor Co.
TVS Motor Co: 46,999 units
Market share: 24 percent
Electric 2W market leader TVS Motor Co, with 46,999 units and handsome 76 percent YoY growth (June 2026: 26,74 units), registered its second-highest monthly retails after the record 51,630 units it sold in March this year. This gives TVS a 24 percent market share, the same as June 2025. Each of the first three months of the current fiscal year have seen 40,000-plus sales for TVS.
Among the highlights of June for TVS was achieving the cumulative 1-million sales milestone to be the second OEM to do so after Ola.
With 2,51,335 iQubes and Orbiters sold in January-June this year, TVS looks well set to surpass the 500,000-units or half-a-million annual sales milestone, for the first time in CY2026.
Bajaj Auto: 43,234 units
Market share: 22 percent
Bajaj Auto, the closest challenger to TVS, sold 43,234 units. This marks robust 80 percent YoY growth, giving the Chetak manufacturer a 22 percent market share. Like TVS, this is also Bajaj Auto’s second-highest monthly retail sales after March 2026. The gap between TVS and Bajaj has been narrowing steadily. In June, Bajaj Auto became the third Indian e-2W manufacturer to surpass 800,000 sales.
Ather Energy: 31,188 units
Market share: 16 percent
Like TVS and Bajaj, Ather Energy too has clocked its second-highest monthly sales in June. The 31,188 units are the second time the Bengaluru-based e-2W startup has sold over 30,000 units, with the highest being in March 2026 (36,365 units). Ather’s stellar sales last month are a 95 YoY increase, which sees its market share rise to 16 percent from 14 percent a year ago.
The Rizta family scooter, which has crossed 300,000 cumulative sales, remains the most popular product for Ather which last week surpassed the 700,000 sales milestone.
Hero MotoCorp (Vida): 21,792 units
Market share: 11 percent
The EV arm of the world’s largest 2W manufacturer continues to shine. Hero Vida e-scooter deliveries of 21,792 units were a 175 percent YoY increase (June 2025: 7,920 units) and only the second instance of over 20,000 monthly sales. June numbers missed the highest Vida sales total of 22,201 by only 409 units.
At 1,05,986 units in the first six months of this year, Hero Vida retail sales are already 94 percent of its CY2025 sales of 113,021 units and indicate that Hero MotoCorp will, for the first time, achieve the 200,000 annual sales milestone for its EVs.
Ola Electric: 16,144 units
Market share: 8 percent
Ola Electric, the longstanding e-2W market leader till April 2025, is witnessing a revival in demand. The company delivered 16,144 units to its customers in June. While this number is down 22 percent YoY (June 2025: 20,697 units), it also marks the fifth straight month-on-month growth for Ola Ranked No. 5 on the OEM ladder, Ola’s current monthly market share is 8 percent, considerably down from the 19 percent it had in June 2025 when it was ranked No. 3 after TVS and Bajaj Auto.
Greaves Electric Mobility: 10,928 units
Market share: 6 percent
The IPO-bound Greaves Electric Mobility, the manufacturer of Ampere e-scooters, is another OEM which is witnessing growing demand for its products. In June 2026, the company delivered 10,928 units, marking a handsome 152 percent YoY growth (June 2025: 4,334 units). This robust performance, which sees GEM breach the 10,000-units monthly retail sales mark after nearly three years, sees the Ampere scooter market share rise to 6 percent from 4 percent a year ago.
At nearly 44,000 units sold in the first six months of this year, GEM is well placed to cross 100,000 units in CY2026. Demand has risen following the launch of the new Ampere Magnus Neo, a lighter and redesigned variant aimed at urban commuter buyers. GEM’s EV portfolio comprises the Nexus (EX and ST), Magnus (G Max, Grand, Neo) and Reo 80 brands.
River Mobility: 4,391 units
Market share: 2 percent
Bengaluru-based River Mobility, which is witnessing growing demand for its sole product – the River Indie – delivered 4,391 units, up 214 percent YoY. This sees the company double its e-2W market share to 2 percent. The EV startup had clocked its highest monthly sales in March 2026 (4,271 units) and has sold over 43,000 Indies to date since the e-scooter’s rollout in October 2023.
The last three OEMs in the Top 10 list comprise three startups. At No. 8 is Bgauss Auto, which began sales in August 2022 and is now a regular in the monthly Top 10 OEM list. Bgauss sold 3,916 units last month. Between January and June, Bgauss has sold 19,480 units which gives it a 2 percent share of all-India e-2W sales in H1 CY2026.
The Delhi-based E-Sprinto Green Energy is also registering good demand for its e-scooters. In June, this startup sold 1,878 units and a 1 percent market share to take ninth rank amongst 175 players.
Wrapping up the Top 10 is Simple Energy which sold 1,365 e-scooters last month. The company has outlined an ambitious future sales target of 10,000 units a month by March 2027. It could be banking on the upcoming e-scooter, understood to be called the Simple Arrive and a family-centric model aimed to rival the TVS iQube, Ather Rizta and Bajaj Chetak.
Promise of Strong Growth Continuing in CY2026
The e-2W segment, the largest volume provider to India EV Inc, is on a roll this year. The 9,70,611 electric scooters, bikes and mopeds sold in the first six months of this year are already 72 percent of the record 1.34 million units sold in CY2025. With petrol prices surging in May as a result of multiple hikes, a growing number of ICE scooter buyers are actively considering a shift to zero-emission models, which leading players like TVS, Bajaj Auto, Ather Energy, Hero Vida, Ola and Greaves Electric Mobility are capitalising on.
In June, these 6 OEMs with combined sales of 170,285 units had an 88 percent share of the total 193,495 e-2Ws sold. Add the remaining four OEMs to the Top 10 list and their 1,81,835 units give these movers and shakers a commanding 94 percent share of last month’s sales, leaving just 6 percent to be fought over by 165 other players.
What will add tailwinds to future growth is the Delhi government’s game-changing EV Policy 2.0, which kicks in from today, July 1 and enables strong demand potential for electric two-wheelers in the capital city. It would not be surprising if other states and UTs in India take the EV-friendly policy cue from Delhi and tweak their existing EV policies or introduce one.
