TVS Motor Company Tops Electric Two-Wheeler Sales Again
New Delhi, November 10: TVS Motor Company has once again emerged as the leader in the electric two-wheeler segment in India. In October 2026, the company reported a remarkable year-on-year increase of 94.7% in retail sales. The total electric vehicle (EV) sales for the month reached 224,064 units, marking a significant 48.5% rise compared to the same period last year.
TVS sold 60,490 units, surpassing Bajaj Auto, which sold 49,126 units, despite Bajaj experiencing a 51.3% increase in sales. Ather Energy sold 31,833 units, showing a modest growth of 5.3%, while Hero MotoCorp saw a substantial increase of 81.4%, reaching 29,923 units.
In contrast, Ola Electric was the only brand among the top five to witness a decline in sales, selling 12,098 units, which is 26.4% lower than last year and 10.1% lower than September 2026. This decline comes despite the festive season benefiting other companies.
The overall share of electric vehicles in total two-wheeler retail sales for October 2026 was 9.7%, down from 11.6% in September. This drop is attributed to the shifting dates of Diwali, which fell in November this year compared to October last year, affecting the festive buying patterns.
Ather Energy has also crossed the milestone of 300,000 units in retail sales this year, marking a 67% growth year-on-year, with a market share of 16.32%, the highest for the company to date.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.