TVS leads July e-two-wheeler registrations as India EV sales rise 76.6%
TVS Motor registered 52,035 electric two-wheelers in July, up 120.5% year-on-year, leading a market that reached 191,614 units. Category penetration neared 11%, while Bajaj, Ather, Hero and Greaves also posted strong growth; Ola Electric declined 29.1%.
TVS Motor led India’s July electric two-wheeler registrations as category volumes rose 76.6% year-on-year to 191,614 units. EV penetration neared 11%, while Bajaj, Ather, Hero and Greaves grew strongly and Ola Electric’s registrations declined.
Why this matters
The July lead follows signals that TVS gained E2W share despite a 1.7% monthly market dip and grew registrations 10%; it builds on June-quarter profit rising 51% as EV two-wheeler sales climbed 86%.
Retail-company signals are accelerating, up 217283% QoQ.