TVS, Bajaj Auto top EV market in June, Ola is third


Mumbai: Ola Electric, the erstwhile market leader in India’s electric two-wheeler space, remained in the third position in June. This was its second consecutive month in third place, as legacy rivals TVS Motor and Bajaj Auto continued to lead the segment.

The Bengaluru-based company registered 18,527 units in June, nearly flat compared to 18,541 units in May. Its market share inched up to 19.6% but remained below the 20% threshold for the second month in a row, showed data from the government-run Vahan portal.

In contrast, TVS Motor and Bajaj Auto commanded 25.4% and 22.8% of the market in June, respectively.

Overall, the electric two-wheeler segment saw a marginal decline in volumes, with 94,299 units registered in June, down from 96,858 units in May, amid a broader dip in demand.

Newly listed Ather Energy gained modest ground, increasing its market share from 13.4% to 14.4%, with 13,617 units sold in June, up from 13,019 the previous month. The company had also announced plans to double its retail presence, aiming to expand to 700 experience centres across India by the end of FY26.




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