India's Electric Two-Wheeler Penetration Reaches Record 9.3% in May 2026
2026-06-10 10:31
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en.Wedoany.com Reported - According to data released by the Federation of Automobile Dealers Associations (FADA), retail registrations of electric two-wheelers in India reached 170,733 units in May 2026, a year-on-year increase of 62.8%. The penetration rate in total two-wheeler retail sales rose to 9.3%, up from 6.1% in May 2025 and 7.9% in April 2026, marking the highest level ever recorded in this segment.

TVS Motor Company recorded retail sales of 42,459 units in May, maintaining its leading position in the electric two-wheeler market.

In terms of major manufacturers' performance, TVS Motor Company continued to lead with 42,459 retail units, up 6.09% month-on-month and 64.54% year-on-year. Bajaj Auto followed closely with 39,202 units, up 13.46% month-on-month and 73.14% year-on-year. Ather Energy ranked third with 28,240 retail units, down 0.84% month-on-month but doubling year-on-year with a 100.27% increase. Hero MotoCorp recorded the fastest growth, retailing 19,067 units, up 19.88% month-on-month and 158.19% year-on-year. Ola Electric retailed 15,141 units in the month, up 22.79% month-on-month but down 20.17% year-on-year. Greaves Electric Mobility sold 7,695 units, up 9.79% month-on-month and 77.92% year-on-year. Emerging player River Mobility retailed 3,720 units, up 1.06% month-on-month and 245.08% year-on-year; BGauss Automotive Private Limited retailed 3,297 units, up 2.11% month-on-month and 204.71% year-on-year. Other manufacturers collectively retailed 11,912 units, down 1.62% month-on-month but up 25.23% year-on-year. The above data is sourced from FADA.

FADA President C S Vigneshwar stated that May 2026 was a milestone month for India's mobility transition, with electric vehicle retail sales exceeding 11% of all vehicle retail sales for the first time. The industry registered a total of 271,682 electric vehicles, up 45% year-on-year. He noted that recent fuel price hikes have significantly influenced consumer behavior. Electric two-wheelers accounted for the largest share of EV sales in the month, while electric passenger vehicle sales rose 81% year-on-year to 26,682 units. Electric three-wheelers remained the most electrified category, accounting for 64.4% of all registrations in that segment. Vigneshwar attributed the growth to enhanced domestic manufacturing capabilities, expanded charging infrastructure, and increased consumer awareness of operating costs and environmental benefits.

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