TVS flags EV two-wheeler 'tipping point' as India penetration crosses 10%
TVS Motor Company says India's electric two-wheeler market has passed a tipping point, with EV penetration crossing 10% versus 6% a year earlier, driven by policy support, wider product choice and charging infrastructure. Industry grew 12.6% in FY26 while TVS outpaced at over 20%; broader two-wheeler growth expected to moderate to ~10% in Q1 FY27.
TVS says India's electric two-wheeler market has hit a tipping point, crossing 10% EV penetration. It cites policy support, wider product choice, and charging infrastructure driving adoption, while expecting broader two-wheeler market to moderate in FY27.