TVS bucks July E2W slowdown with 10% registration growth
India’s electric two-wheeler registrations fell 1.7% month-on-month to 1.91 lakh units in July, but TVS Motor rose 10% to 52,032 units and held more than 27% share. Bajaj remained second, while Ola Electric and Ather posted sequential declines.
India’s electric two-wheeler registrations fell 1.7% month-on-month to 1.91 lakh in July. TVS Motor grew 10% to retain leadership, while Bajaj stayed second and Ola and Ather declined. Smaller EV OEMs including Revolt and Ultraviolette recorded sequential growth.
Why this matters
The July share gain follows TVS Motor’s June-quarter profit jumping 51% as EV two-wheeler sales rose 86%, and its record Q1 profit alongside Bajaj, supported by EVs and exports.
Retail-company signals are accelerating, up 216,600% QoQ.