India's electric two-wheeler market achieved exceptional growth in June 2026, with registrations increasing 64% year-on-year to 1,81,168 units, according to Vahan data reported by NDTV Profit. The segment registered over 6,000 vehicles per day throughout the month, contributing to the second-highest monthly sales on record. This represents a significant acceleration from the 162,321 units registered in June 2025, which achieved 10.36% market penetration of the overall two-wheeler registrations. The daily registration rate has increased dramatically from approximately 3,600 vehicles per day in June of the previous year.
TVS Motor maintained its dominant position with 44,467 registrations throughout June, up 65.2% from 26,911 vehicles in June 2025, according to Vahan data. The company's market share remained at 24.5%, slightly down from 24.7% in the previous year, but it continues to hold the top position. Bajaj Auto secured second place with 40,576 electric two-wheelers registered, representing a substantial 69% increase from 24,013 units in June 2025. The company's market share improved to 22.4% from 21.5%, substantially reducing the gap with the industry leader. Ather Energy maintained third position with 29,422 registrations, growing 79.5% from 16,392 units in the previous year, with market share increasing to 16.2% from 14.7%.
Ola Electric recorded 15,096 units in June 2026, marking a 27.1% decrease from 20,697 units in the same period last year, as reported by NDTV Profit. The company's market share continued to decline to 8.3% from 18.6% in June 2025, nearly halving its position. After declining from 18.6% in June 2025 to 6% in January 2026, Ola's market share showed slight recovery to 8.8% in May and 8.3% in June. The company's performance reflects ongoing challenges in the competitive electric two-wheeler market despite its early market entry.
Despite the growth momentum, electric two-wheelers continue to face segment-wise challenges in the market. As reported by the Centre for Digital Economy Policy Research, motorcycles with internal combustion engines accounted for 64.4% of all two-wheeler registrations in CY25, while ICE scooters held 30% and electric scooters represented 5.5%. The most significant gap remains in the motorcycle segment, where electric motorbikes accounted for only 0.1% share, with most manufacturers operating outside the production linked incentive (PLI) scheme for electric vehicles. Vida, supported by Hero MotoCorp, showed strong progress with registrations increasing to 20,198 units from 7,945 units year-on-year, with market share rising to 11.2% from 7.1% in June 2025.
