TVS Motor Company claims the top spot with 2,95,315 units sold, capturing 24.2 percent market share.
Ola Electric’s share of India’s electric two-wheeler market halved in 2025, marking a significant shift in the sector. The company recorded 1,96,767 registrations last year, dropping from a 36.7 percent market share in 2024 to just 16.2 percent in 2025.
TVS Motor Company emerged as the new market leader, selling 2,95,315 units and capturing 24.2 percent of the market. Bajaj Auto secured second place with 2,66,919 units sold, representing a 21.3 percent market share. Ather Energy and Hero MotoCorp also strengthened their positions, benefiting from expanded distribution networks and growing consumer demand.
The year proved challenging for Ola Electric, as intense competition and a slowing adoption rate in certain segments affected its growth. Despite being a pioneer in India’s electric mobility push, the company faced hurdles in maintaining its early lead. In contrast, established manufacturers like TVS Motor and Bajaj Auto leveraged their extensive dealership networks and brand recognition to consolidate market share.
Industry analysts note that the Indian electric two-wheeler market is maturing, with legacy manufacturers increasingly closing the gap with newer entrants. Experts expect that the shift in leadership will drive companies to focus on product diversification, pricing strategies, and after-sales support to win over consumers.
As the market expands, the competitive landscape is evolving rapidly, signalling that innovation, network reach, and customer trust will determine the next phase of growth in India’s EV sector.
