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Electric Two-Wheeler Registrations Surge as TVS Leads Bajaj
India’s electric scooter and motorcycle market grew strongly in September.
About 2.06 lakh electric two-wheelers were registered that month.
TVS Motor sold the most vehicles among individual manufacturers.
Bajaj Auto grew faster than TVS and moved closer to the leader.
Ather Energy was still ahead of Hero MotoCorp over the first nine months, but Hero improved quickly in September.
Ola’s registrations fell for the third month in a row.
Smaller companies such as River, BGauss, Bounce and Oben Electric also showed growth.
The figures suggest that more people are choosing electric two-wheelers as companies expand their sales and service networks.
Electric two-wheeler registrations rose 12.5% month-on-month to 2.06 lakh in September, a nine-month high.
Registrations from January to September 2026 reached 15,51,355, up 68.8% from the same period last year.
TVS Motor led individual manufacturers with 4,11,441 registrations, while Bajaj Auto narrowed its September gap.
Ather Energy remained ahead of Hero MotoCorp cumulatively, but Hero’s September registrations grew 27% month-on-month.
Ola’s registrations declined for a third straight month, while River, BGauss, Bounce and Oben Electric recorded gains.
- Who
- TVS Motor, Bajaj Auto, Ather Energy, Hero MotoCorp and other electric two-wheeler manufacturers.
- What
- Electric two-wheeler registrations reached a nine-month high in September, with competition among manufacturers becoming closer.
- Where
- India.
- When
- September 2026, with cumulative figures covering January through September 2026; the report was published October 2, 2026.
- Why
- Registrations increased as the electric two-wheeler market expanded, while distribution, financing, service reach and customer confidence became more important.
Key facts
- September registrations
- 2.06 lakh electric two-wheelers, up 12.5% from August
- January-September registrations
- 15,51,355 vehicles in 2026
- Year-on-year growth
- 68.8% higher than the 9,18,934 registrations recorded in the same period last year
- Individual leader
- TVS Motor with 4,11,441 registrations through September
- September TVS total
- 53,990 registrations
- September Bajaj total
- 48,383 registrations, up 17% month-on-month
- Ather-Hero cumulative comparison
- Ather Energy recorded 2,61,451 registrations versus Hero MotoCorp’s 1,72,529
- Ola trend
- Registrations fell 3.5% in September, marking a third consecutive monthly decline
Quotes
Madhumita Agrawal
Founder and CEO of Oben Electric
“As electric two-wheelers scale, there is a significant opportunity opening up for electric motorcycle players to push the envelope and widen the market beyond scooters. Motorcycles are a large part of India’s two-wheeler market, and their greater participation can help drive the next phase of EV adoption.”
thehindubusinessline.com
“The electric two-wheeler market is moving beyond early adopters, with distribution, financing, service reach and customer confidence becoming increasingly important as volumes scale.”
thehindubusinessline.com
Sources
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