TVS gains E2W share as July registrations dip 1.7% month-on-month
India’s electric two-wheeler registrations fell to 1.91 lakh units in July, but TVS Motor grew 10% to 52,032 registrations and crossed 27% share. Bajaj held second place, while Ola Electric and Ather posted sequential declines.
India’s electric two-wheeler registrations slipped 1.7% month-on-month in July, though they rose 85% year-on-year. TVS Motor expanded its lead with 10% growth, while Ola and Ather declined. Bajaj remained second as smaller EV OEMs posted sequential gains.
Why this matters
TVS Motor’s July share gain follows its June-quarter profit jump of 51% and an 86% rise in EV two-wheeler sales, extending its EV momentum while the monthly E2W market softens.
Retail-company signals are accelerating, up 216617% QoQ.