TVS Motor and Bajaj Auto together accounted for over half of India's provisional electric two-wheeler registrations in August 2026, signalling a major shift towards established OEMs as Ather emerges as the strongest challenger.

Bajaj Auto is preparing a major Pulsar portfolio overhaul with 10 updated models and new 150cc and 125cc motorcycles expected by September 2026. Meanwhile, a new Bajaj ADV and the suspected 2027 Pulsar N125 have also been spotted testing.

India's two-wheeler market recorded a strong 21.22% year-on-year growth in June 2026, with 18,28,458 retail registrations, according to FADA data. Hero MotoCorp retained its leadership position ahead of Honda Motorcycle & Scooter India, while TVS Motor continued to strengthen its market share. The month also saw robust growth from Royal Enfield, Yamaha and Ather Energy, highlighting sustained demand across both ICE and electric two-wheelers.

Bajaj Auto’s May 2026 two-wheeler sales stood at 2,09,528 units, up 9% YoY. Chetak Electric emerged as a major growth driver with 38,376 units, while Pulsar 160/200 NS and Pulsar 220 delivered strong gains. However, commuter motorcycles such as Pulsar 125, CT 100 and Freedom remained under pressure.