ICE two-wheeler sales slide 8.6% MoM in May as EVs surge 62.5% YoY
India's two-wheeler market grew 7.4% YoY to 18.43 lakh units in May 2026, but the mix is breaking: ICE volumes fell 8.6% MoM while EVs hit 1.70 lakh units (9.2% penetration). Hero EV jumped 157% YoY, TVS led with 42,000 EV registrations, and Bajaj ICE slipped 7.5% YoY.
India's two-wheeler market grew 7.4% YoY to 18.43 lakh units in May 2026, but the mix is breaking: ICE volumes fell 8.6% MoM while EVs hit 1.70 lakh units (9.2%
The Hindu BusinessLine · 6/1/2026, 12:44:51 PM · Ask about this →