Ola Electric registrations jump 23% in May as Bajaj closes gap on TVS in EV two-wheeler race
India's electric two-wheeler market grew 8% MoM to 1.70 lakh registrations in May 2026. Ola Electric led growth at +23% to 15,139 units (8.88% share), while Bajaj's 39,104 units (22.94%) narrowed the gap with leader TVS at 42,376 units (24.9%). Ather and Hero held third and fourth positions.
India's electric two-wheeler registrations rose 8% MoM to 1.70 lakh in May 2026. Ola Electric grew fastest at 23% to 15,139 units; Bajaj narrowed gap with leader TVS, while Ather and Hero held positions three and four.
Why this matters
Marks a rebound for Ola Electric after slipping to fifth in the prior month's rankings, coinciding with its ARAI-homologated commercial e-scooter launch and demand revival.
Retail-brand activity steady with 787 signals over the last 90 days.
Also reported by
- Entrackr — Same time