Electric Two-Wheeler Sales August 2026: TVS Leads as Bajaj Surges 236%; Market Grows 68% YoY
India’s electric two-wheeler market continued to expand strongly in August 2026, with total registrations reaching 1,83,802 units, up 67.6% year-on-year from 1,09,674 units in August 2025.
However, compared with July 2026, when registrations stood at 2,05,693 units, the market declined by 10.6% month-on-month. The August performance therefore reflects a market that remains substantially larger than last year, even though registrations moderated sequentially.
TVS retained the No.1 position, while Bajaj recorded the strongest growth among the leading manufacturers and nearly doubled its market share year-on-year.
Electric Two-Wheeler Sales – August 2026
Rank | OEM | Aug 2026 | Aug 2025 | YoY Growth | July 2026 | MoM Growth | Aug’26 Market Share |
1 | TVS | 49,042 | 25,647 | 91.2% | 55,847 | -12.2% | 26.7% |
2 | Bajaj | 41,181 | 12,246 | 236.3% | 45,874 | -10.2% | 22.4% |
3 | Ather | 28,856 | 19,210 | 50.2% | 30,648 | -5.8% | 15.7% |
4 | Hero Vida | 19,025 | 13,769 | 38.2% | 22,996 | -17.3% | 10.4% |
5 | Ola | 13,916 | 19,464 | -28.5% | 14,231 | -2.2% | 7.6% |
6 | Greaves | 8,615 | 4,567 | 88.6% | 10,135 | -15.0% | 4.7% |
7 | River | 5,160 | 1,903 | 171.2% | 6,033 | -14.5% | 2.8% |
8 | BGauss | 5,044 | 1,729 | 191.7% | 5,559 | -9.3% | 2.7% |
9 | Simple Energy | 1,655 | 735 | 125.2% | 1,668 | -0.8% | 0.9% |
10 | Motovolt Mobility | 1,365 | 224 | 509.4% | 656 | 108.1% | 0.7% |
TVS led India's electric two-wheeler market in August 2026 with 49,042 registrations, up 91.2% YoY from 25,647 units last year. The company held a 26.7% market share, a 3.3 percentage point increase from August 2025. However, registrations were down 12.2% from 55,847 units in July 2026. The year-on-year growth shows TVS's successful expansion in the electric scooter market.
Bajaj registered 41,181 electric two-wheelers in August, compared to 12,246 units in August 2025, marking a 236.3% YoY increase. It’s market share rose from 11.2% to 22.4%, a gain of 11.2 percentage points in a year. The company is now about 7,900 units behind market leader TVS. Compared to July 2026, Bajaj registrations declined 10.2%, from 45,874 units.
Ather Energy ranked third with 28,856 registrations, showing 50.2% YoY growth from 19,210 units in August 2025. Its market share was 15.7%, down from 17.5% last year, and experienced a 5.8% MoM decline from July's 30,648 units. Despite losing some market share, Ather remains strong among India’s leading electric two-wheeler brands.
Hero Vida registered 19,025 units in August 2026, a 38.2% YoY increase from 13,769 units. Its market share was 10.4%, down from 12.6% a year ago. Registrations declined 17.3% from 22,996 units in July.
Ola Electric registered 13,916 units in August 2026, down 28.5% YoY from 19,464 units in August 2025. The company's market share fell from 17.7% last year to 7.6% in August 2026, a drop of 10.2 percentage points. Ola’s month-on-month performance was stable, declining 2.2% from 14,231 registrations in July. The significant year-on-year market-share contraction is a major development in the electric two-wheeler industry.
Greaves Electric Mobility recorded 8,615 registrations, an 88.6% YoY increase from 4,567 units. Its market share rose slightly from 4.2% to 4.7%. Registrations were down 15% MoM from 10,135 units in July.
River registered 5,160 units in August 2026, achieving 171.2% YoY growth from 1,903 units last year. Its market share rose from 1.7% to 2.8%. Registrations fell 14.5% sequentially from 6,033 units. River is one of the fastest-growing players, strengthening its position among established electric scooter manufacturers.
BGauss recorded 5,044 registrations, representing 191.7% YoY growth over 1,729 units last year. Its market share climbed from 1.6% to 2.7%. Compared with July’s 5,559 registrations, volumes declined by 9.3%.
Simple Energy registered 1,655 units, up 125.2% YoY. Interestingly, its monthly registrations remained nearly unchanged, falling just 0.8% from 1,668 units in July.
The company held approximately 0.9% market share during August.
Motovolt Mobility registered 1,365 units, compared with just 224 units in August 2025. This translated into a spectacular 509.4% YoY increase. Motovolt was also one of the few brands to grow sequentially, with registrations jumping 108.1% MoM from 656 units in July. Its market share reached approximately 0.7%.
Bounce Electric recorded 1,049 units, up 54% YoY and 11.2% MoM.
Revolt registered 913 units, declining 16.1% YoY and 27.1% MoM.
Quantum Energy registered 906 units, marking an exceptional 853.7% YoY increase, although registrations fell 7.7% sequentially.
Honda recorded 879 electric two-wheeler registrations, up 109.3% YoY, while Lectrix registered 851 units, representing 77.3% YoY growth.
The combined "Others" category accounted for 5,345 registrations and 2.9% market share
Top Four Brands Control Over Three-Fourths of the Market
The August data shows a growing concentration in India's electric two-wheeler market. TVS, Bajaj, Ather, and Hero Vida together hold about 75.2% of the market. Including Ola, the top five manufacturers' share rises to approximately 82.8%. Despite some smaller manufacturers experiencing triple-digit growth, most EV registrations are dominated by a few major brands.
August Market Smaller Than July, But Much Larger Than Last Year
An interesting trend emerges when comparing the industry's YoY and MoM performance.
Total registrations:
August 2026: 1,83,802 units
July 2026: 2,05,693 units
August 2025: 1,09,674 units
This means the market contracted 10.6% month-on-month, but expanded an impressive 67.6% year-on-year.
Most major manufacturers experienced a sequential decline during August, suggesting that July 2026 represented an unusually strong registration month.
The broader growth trajectory, however, remains firmly positive.
Auto Punditz Take
August 2026 clearly demonstrates how dramatically the competitive landscape of India's electric two-wheeler market has changed.
TVS remains the market leader, but Bajaj is rapidly closing the gap, with its market share doubling from 11.2% to 22.4% within a year.
Ather continues to hold a strong third position, while Hero Vida has established itself comfortably above the 10% market-share mark.
Meanwhile, Ola Electric's decline remains the biggest shift in the leaderboard. Its share has fallen from 17.7% in August 2025 to just 7.6% this year despite the overall EV market expanding nearly 68%.
At the same time, emerging manufacturers including River, BGauss, Simple Energy, Motovolt and Quantum Energy are recording very high growth from smaller bases.
With the festive season approaching, the next few months could become particularly important. Higher retail demand, new model introductions, expanded dealership networks and promotional offers could push electric two-wheeler registrations higher again after August's sequential moderation.
