October EV Two-Wheeler Registrations: TVS Holds Lead as Ather Edges Up and Ola Falls

India’s electric two-wheeler registrations increased to 2,23,847 units in October from 2,08,705 units in September, according to the article’s cited Vahan data. The monthly rise shows continued momentum in the category, even as performance varied sharply across major manufacturers. TVS Motor retained the lead, while Ather Energy grew modestly and Ola Electric declined.

TVS Motor led the market with 60,429 registrations in October and a 27% market share. Its registrations rose 11.08% month on month from 54,403 units in September. Bajaj Auto remained second with 49,067 registrations and a 21.92% market share, posting marginal month-on-month growth of 0.67% from 48,742 units.

Ather Energy ranked third with 31,796 registrations and a 14.2% market share, up 2.75% month on month. The article also notes that Ather turned profitable in Q2 FY27 as revenue surged 63% year on year to Rs 1,464 crore. Hero MotoCorp continued its strong run with registrations rising 22.34% month on month to 29,901 units, while Ola Electric remained fifth with 12,096 registrations and a 5.4% market share after a 10.12% decline from September.

Greaves Electric Mobility recorded 10,838 registrations, up 16.3% month on month, while River Mobility climbed 20.3% to 6,796 units. BGauss posted 5,554 registrations, and E-Sprinto Green Energy reached 2,124 registrations with 6.36% growth. Motovolt Mobility entered the top 10 after registrations jumped 168% to 1,702 units, while Bounce dropped out after registrations fell 65% to 1,075 units.