India E2W registrations rebound 8.4% MoM to 1.70 Lakh in May; Ola Electric jumps 22%

May E2W registrations hit 1.70 Lakh units, up 8.4% MoM and 69% YoY. Legacy OEMs led the pack with TVS at 42,376 units, Bajaj at 39,104 and Hero at 19,044. Ola Electric rebounded 22% to 15,139 units (9% share) while Ather stalled at 28,190 units (-0.9%, 16.5% share). Smaller players slipped double digits.

Ola Electric registrations surged 22% MoM to 15,139 units in May as India's E2W market rebounded 8.4% to 1.70 Lakh; TVS led with 42,376.

Inc42 · 6/1/2026, 11:07:02 AM · Ask about this →

Ola Electric + Ather Energy + Bajaj Auto + Hero MotoCorp + Revolt + TVS Motor + Ultraviolette +