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India’s Electric Motorcycle Market Gains Traction Despite Excess Capacity
India’s electric motorcycle companies have built factories and stores faster than customers have bought their motorcycles.
Four major manufacturers received about ₹3,500-3,600 crore in investment.
Together, they can make around four lakh motorcycles each year.
However, they sold fewer than 24,000 motorcycles from January through September.
Monthly registrations increased from 2,020 in January to 3,681 in September.
Oben said its Rorr Evo motorcycle helped it become the top-selling electric motorcycle brand in September.
The companies are expanding their dealerships and service centres.
This suggests demand may be starting to grow, but sales are still far below the factories’ capacity.
Four electric motorcycle manufacturers recorded fewer than 24,000 registrations from January through September.
Investors have committed approximately ₹3,500-3,600 crore across Ultraviolette, Matter, Revolt and Oben.
Combined registrations rose from 2,020 motorcycles in January to 3,681 in September.
The manufacturers have installed annual capacity of roughly four lakh motorcycles.
Oben led September sales and operates more than 150 showrooms and service centres.
- Who
- Ultraviolette, Matter, Revolt and Oben, India’s four electric motorcycle manufacturers.
- What
- The companies are seeing rising sales, but their manufacturing capacity remains far above current demand.
- Where
- India, including manufacturing operations in Manesar, Bengaluru, Ahmedabad and proposed expansion in Hosur.
- When
- January-September, with September figures highlighted; the report was published October 2, 2026.
- Why
- More than ₹3,500 crore has been invested and substantial production and retail capacity has been built in anticipation of stronger electric motorcycle demand.
Demand Is Beginning To Grow
Capacity Still Far Exceeds Demand
Market direction
Demand Is Beginning To Grow
Manufacturers point to the increase from 2,020 registrations in January to 3,681 in September as evidence that electric motorcycle demand is gaining traction.
Capacity Still Far Exceeds Demand
Even September’s pace would equal only about 44,000 annual sales, far below installed capacity of roughly four lakh units.
Oben’s performance
Demand Is Beginning To Grow
Oben says its Rorr Evo helped make it India’s best-selling electric motorcycle brand in September and reflects growing customer acceptance.
Capacity Still Far Exceeds Demand
Oben’s annual production capacity is one lakh motorcycles, but the company had only recently produced its 10,000th motorcycle.
Expansion strategy
Demand Is Beginning To Grow
Investors and manufacturers continue funding factories, dealerships and service networks in preparation for demand to scale up.
Capacity Still Far Exceeds Demand
Planned expansions could raise capacity to approximately 7.7 lakh units, potentially widening the gap if sales do not accelerate.
Key facts
- January-September registrations
- Fewer than 24,000 motorcycles across the four manufacturers.
- September registrations
- 3,681 combined motorcycles, up from 2,020 in January.
- Investment
- Approximately ₹3,500-3,600 crore across Ultraviolette, Matter, Revolt and Oben.
- Current annual capacity
- Approximately four lakh motorcycles combined.
- Potential future capacity
- Around 7.7 lakh units if planned expansions are completed.
- Matter registrations
- 751 motorcycles from January through September.
- Oben retail network
- More than 150 showrooms and service centres across over 90 cities in 18 states.
Quotes
Madhumita Agrawal
Founder and CEO of Oben Electric
“The response to Rorr Evo has been extremely encouraging because it shows riders are willing to embrace electric mobility when they find a motorcycle that meets their expectations.”
thehindubusinessline.com
“Becoming India’s No. 1-selling electric motorcycle brand is a significant milestone for Oben and a strong validation of the trust our customers are placing in us and in Rorr Evo.”
thehindubusinessline.com
Sources
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