Stories
India Electric Scooter Market Hits Record High As One In Three Sales Turns Electric
M
Moneycontrol•13-10-2026, 17:41
India Electric Scooter Market Hits Record High As One In Three Sales Turns Electric
- •Electric scooters accounted for nearly 33 percent of total scooter registrations in September, a significant jump from 22 percent a year ago.
- •Registrations of electric two-wheelers crossed 2.07 lakh units during the month, driven by expanding portfolios and competitive pricing.
- •A narrowing price gap between electric and petrol models, such as the TVS iQube matching the Honda Activa in Delhi, is driving mainstream adoption.
- •TVS Motor Company led the market in September with over 54,000 units registered, followed closely by Bajaj Auto with around 48,500 units.
- •Government initiatives like the PM E-DRIVE scheme, extended to March 2028, continue to support the growing electric vehicle ecosystem in India.
Key Questions Answered
Battery-powered models accounted for nearly one in every three vehicles registered, or approximately 33 percent of total scooter registrations in September.
TVS Motor Company led the market with more than 54,000 units of its iQube range, making up 26 percent of the total market share.
The PM E-DRIVE scheme, which provides buyers with a maximum vehicle subsidy of Rs 5,000, has been extended by two years to March 31, 2028.
