Bajaj EV penetration hits 23.1%, leads legacy OEMs as petrol sales stay flat
June retail data shows Bajaj's EV share at 23.1% (43,176 units), highest among legacy makers, offsetting a mere 2.1% rise in its petrol portfolio to 143,520 units. TVS trails at 13.1%, Hero 4.7%, Honda 0.18%. Overall two-wheeler market grew 21% to 1.81 million units.
June two-wheeler retail data shows Bajaj's EV penetration hit 23.1%, highest among legacy OEMs, offsetting flat petrol sales, while Hero, Honda remain ICE-led and TVS balances both segments amid gradual electrification.
Why this matters
Bajaj's EV leadership follows its 28% June sales jump to 463,202 units driven by a 47% export surge, and aligns with Delhi's EV Policy 2.0 that positions Bajaj to gain share.
Retail-brand theme steady with 2,331 signals over the past 90 days.