Electric Two-Wheeler Registrations Surge 75.5% in June 2026; TVS Retains Lead, Bajaj Closes In, Hero Vida Emerges as Fastest Growing Major Brand

India's electric two-wheeler (E2W) market continued its remarkable growth trajectory in June 2026, with Vahan registrations touching 1,94,300 units, registering an impressive 75.5% year-on-year (YoY) growth over 1,10,721 units sold in June 2025. On a sequential basis, the market also expanded 12.6% month-on-month (MoM) from 1,72,623 units recorded in May 2026.

The latest Vahan registration data highlights that while TVS Motor retained its leadership, Bajaj Auto significantly narrowed the gap, Ather strengthened its third position, and Hero Vida emerged as one of the biggest gainers in terms of both growth and market share. On the other hand, Ola Electric remained the only major OEM among the top six to report a YoY decline, leading to a sharp erosion in market share. The overall growth aligns with broader strength in India's retail EV market during June, aided by improving consumer demand and higher fuel prices.

Electric Two-Wheeler Vahan Registrations – June 2026

Rank	OEM	June'26	June'25	YoY	May'26	MoM	Market Share
1	TVS	47,220	26,734	76.6%	43,060	9.7%	24.3%
2	Bajaj	43,392	23,987	80.9%	39,524	9.8%	22.3%
3	Ather	31,318	16,016	95.5%	28,523	9.8%	16.1%
4	Hero Vida	21,879	7,921	176.2%	19,225	13.8%	11.3%
5	Ola Electric	16,183	20,697	-21.8%	15,229	6.3%	8.3%
6	Greaves	10,933	4,310	153.7%	7,704	41.9%	5.6%
7	River	4,421	1,399	216.0%	3,795	16.5%	2.3%
8	BGauss	3,929	1,975	98.9%	3,300	19.1%	2.0%
9	e-Sprinto	1,878	51	3582.4%	955	96.6%	1.0%
10	Simple Energy	1,372	440	211.8%	1,325	3.5%	0.7%

• TVS Motor retained its leadership position with 47,220 registrations, posting a robust 76.6% YoY and 9.7% MoMgrowth. The company marginally improved its market share to 24.3%, reaffirming its strong retail acceptance led by the iQube portfolio.

• Bajaj Auto remained the second-largest electric two-wheeler manufacturer with 43,392 registrations, growing 80.9% YoY and 9.8% MoM. Its market share improved from 21.7% to 22.3%, bringing it within just 3,800 units of TVS.

  The Chetak continues to witness strong demand across urban markets, helping Bajaj steadily strengthen its position.

• Ather Energy delivered another impressive month, registering 31,318 units, representing 95.5% YoY growth and 9.8% MoM improvement. Its market share climbed from 14.5% to 16.1%, making it one of the strongest performers among the leading OEMs.

• Hero MotoCorp's EV arm, Vida, was among the biggest winners in June. The company registered 21,879 units, up a remarkable 176.2% YoY, while growing 13.8% over May. Its market share jumped from 7.2% to 11.3%, representing the largest gain among the top five manufacturers (+4.1 percentage points). Hero Vida has now firmly established itself as India's fourth-largest electric two-wheeler brand.

• Ola Electric remained the biggest disappointment in the June registrations. The company registered 16,183 units, down 21.8% YoY, despite posting a modest 6.3% MoM increase. Its market share plunged from 18.7% in June 2025 to just 8.3% in June 2026, marking the steepest decline among all major OEMs (-10.4 percentage points). While Ola continues to remain among the top five manufacturers by volume, competitive pressure from legacy OEMs and newer EV brands has significantly reshaped the market landscape.

• Greaves Electric Mobility posted an excellent performance with 10,933 registrations, growing 153.7% YoY and 41.9% MoM, while increasing its market share to 5.6%.

• River continued its impressive expansion with 4,421 registrations, recording 216% YoY growth.

• BGauss almost doubled its volumes with 98.9% YoY growth to reach 3,929 units.

• e-Sprinto recorded the highest YoY growth at 3,582%, albeit on a low base.

• Simple Energy grew 211.8% YoY.

• Bounce expanded by 399% YoY despite a slight MoM decline.

• Lectrix, Quantum Energy, Honda, and Revolt also posted healthy growth.

India's electric two-wheeler registrations grew 75.5% YoY to 1.94 lakh units in June 2026, with TVS leading the market followed by Bajaj and Ather.

Auto Punditz Take

June 2026 further demonstrates the rapid evolution of India's electric two-wheeler market. Unlike previous years when a handful of startups dominated the segment, the market is now witnessing strong participation from established manufacturers such as TVS, Bajaj, Hero MotoCorp and Honda, alongside specialist EV brands like Ather and River.

The biggest story of the month remains Hero Vida's explosive growth and Ola Electric's continued market share erosion. TVS and Bajaj have established themselves as clear front-runners, while Ather continues to strengthen its premium positioning.

With rising fuel prices, expanding charging infrastructure, improving product quality and increasing consumer confidence, India's electric two-wheeler segment appears well-positioned to sustain its growth momentum through the remainder of 2026.