Bajaj Auto overtakes TVS to lead India's electric two-wheeler market in June 2026
Bajaj Auto claimed an 18% share with 50,741 units, edging past TVS (47,952 units, 17%). Total E2W registrations rose 52% YoY to 2,85,385 units as penetration crossed 10.5%. Ather (10%) and Hero (7%) grew strongly, while Ola Electric slipped to 15,096 units.
Bajaj Auto overtook TVS to lead India's electric two-wheeler market in June 2026, as E2W penetration crossed 10.5%. Total registrations rose 52% YoY; Ather and Hero grew strongly while Ola Electric declined.
Why this matters
Bajaj Auto extends its E2W lead over TVS even as it navigates a contained ransomware disclosure and a ₹5,633 crore buyback at ₹12,000 per share opened on July 1.
retail-brand theme steady with 2,157 signals over the last 90 days.