GaadiWaadi –
In FY26, total retail sales climbed to 14,01,818 units – up from 11,50,790 units in FY25 with a 21.8 per cent increase
The electrified two-wheeler space expanded further in FY2026 with the customer transition from petrol-powered models steadily rising across market tiers. The total retail sales climbed to 14,01,818 units – up from 11,50,790 units in FY25 with a 21.8 per cent increase. Penetration also edged up to 6.5 per cent from 6.1 per cent showing that EVs are slowly becoming a more mainstream choice.
At the top of the table was TVS Motor Company which emerged as the leader in the segment courtesy of rapid expansion of its footprint as well as good reception for the iQube range and Orbiter. The company sold 3,41,513 electric two-wheelers during the year – registering a huge 43.5 per cent growth over FY25.
The second place went to Bajaj Auto which posted 2,89,349 units – up 25.1 per cent on a year-on-year basis. The brand continued to benefit from consistent demand and a more stable growth curve compared to some of its rivals due to Chetak which saw new variants added in quick succession in recent times.
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|
OEM |
FY26 Sales |
FY25 Sales |
YoY Growth |
|---|---|---|---|
|
TVS Motor Company |
3,41,513 |
2,37,929 |
+43.54% |
|
Bajaj Auto |
2,89,349 |
2,31,172 |
+25.17% |
|
Ather Energy |
2,39,178 |
1,31,172 |
+82.34% |
|
Ola Electric |
1,64,295 |
3,44,300 |
-52.28% |
|
Hero MotoCorp |
1,44,330 |
48,738 |
+196.13% |
|
Greaves Electric Mobility |
61,563 |
40,169 |
+53.26% |
|
BGauss Auto |
26,201 |
17,343 |
+51.08% |
|
River Mobility |
22,354 |
4,247 |
+426.35% |
|
Kinetic Green |
11,557 |
8,454 |
+36.70% |
|
Revolt Intellicorp |
10,444 |
– |
|
|
Simple Energy |
8,214 |
– |
|
Meanwhile, Ather Energy stood out with one of the fastest growth rates among established players – jumping 82.3 per cent to 2,39,178 units. One of the biggest stories this year was the massive drop endured by Ola Electric. Its volumes fell significantly to 1,64,295 units – down 52.2 per cent from the previous year.
In contrast, Hero MotoCorp saw a massive surge with sales rising 196.1 per cent to 1,44,330 units as it ramped up its EV presence thanks to the Vida sub-brand as VX2 series is finding plenty of takers in the affordable end of the spectrum. Greaves Electric Mobility recorded 61,563 units – up 53.2 per cent – as Ampere has been well received by customers.
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Meanwhile, BGauss Auto grew 51.0 per cent to 26,201 units. Smaller brands also made notable gains with River Mobility surging 426.3 per cent to 22,354 units as the Indie scooter’s production will be ramped up to meet growing demand. Further down, Kinetic Green reported 11,557 units – up 36.7 per cent while Revolt Intellicorp and Simple Energy added 10,444 units and 8,214 units respectively.
The post Top 10 Electric 2W Brands FY26 – TVS Sits Atop Bajaj, Ather, Ola & Hero appeared first on Gaadiwaadi.com – Latest Car & Bike News by Surendhar M.