Stories
TVS, Bajaj, Vida Dominate India's Electric Two-Wheeler Market in September
M
Moneycontrol•29-09-2026, 15:21
TVS, Bajaj, Vida Dominate India's Electric Two-Wheeler Market in September
- •TVS Motor, Bajaj Auto, and Hero MotoCorp-backed Vida captured 61.8% of electric two-wheeler registrations in September, signaling market consolidation.
- •TVS Motor led with a 26.4% market share, followed by Bajaj Auto at 23.6% and Vida at 11.7% in September.
- •The combined share of these three manufacturers has consistently hovered around the 60% mark throughout the year.
- •Ola Electric, once the market leader, saw its share drop to 6.4% in September.
- •The shift highlights traditional manufacturers' ability to leverage existing networks as EV adoption grows in India.
Key Questions Answered
TVS Motor, Bajaj Auto, and Hero MotoCorp-backed Vida together accounted for 61.8 percent of electric two-wheeler registrations in the first 28 days of September.
TVS Motor remained the largest player with a 26.4 percent share, followed by Bajaj Auto with 23.6 percent and Vida with 11.7 percent during the first 28 days of September.
Ola Electric accounted for 6.4 percent of electric two-wheeler registrations in the first 28 days of September, down from 7.6 percent in August and 6.9 percent in July.
