Electric 2W Sales Oct 2026 – TVS, Bajaj, Ather, Hero, Ola, River, Bgauss

Electric Two-Wheeler sales hit record high in October 2026 at 2.24 Lakh units

After taking a look at the electric car sales for last month, let us now take a look at the electric two wheelers. India’s electric two-wheeler segment recorded its strongest monthly performance in October 2026, with total registrations reaching 2,24,064 units.

This represented a robust 48.49% year-on-year (YoY) growth compared to 1,50,890 units registered in October 2025. Month-on-month (MoM) sales also increased by 8.08% from 2,07,314 units in September 2026. In volume terms, the segment added 73,174 units on a YoY basis and 16,750 units over the previous month.

Electric 2W Sales Oct 2026

TVS Motor retained its leadership position in India’s electric two-wheeler market, recording sales of 60,490 units in October 2026. This was an impressive 94.66% increase over the 31,075 units sold in October 2025. MoM sales also grew by 11.94% compared to 54,037 units in September 2026.

Bajaj Auto secured the second position with 49,156 units sold, accounting for a 21.9% market share. Sales increased by 51.33% YoY from 32,462 units in October 2025, while MoM growth remained relatively modest at 1.44% compared to 48,429 units in September 2026. Together, TVS Motor and Bajaj Auto registered combined sales of 1,09,616 units, accounting for approximately 48.9% of total electric two-wheeler registrations.

Ather Energy recorded sales of 31,833 units, registering a 5.25% YoY increase and a 4.26% MoM improvement. The company had sold 30,246 units in October 2025 and 30,533 units in September 2026. Hero MotoCorp also reported strong growth, with electric two-wheeler sales rising to 29,923 units in October 2026. This translated into an 81.36% YoY increase and a 23.03% MoM improvement.

Ola Electric, meanwhile, continued to face challenges, with sales declining to 12,098 units. This was a 26.41% YoY decline compared to 16,439 units in October 2025. MoM sales also dropped by 10.06% from 13,451 units in September 2026.

Greaves, River, BGauss Post Rising Demand

Greaves Electric two wheeler sales went up to 10,839 units in Oct 2026. It related to a strong 39.98% YoY growth from 7,743 units while MoM sales rose by 16.35% as against 9,316 units. River Mobility too has reported improved sales in the past month with triple digit YoY growth. Sales stood at 6,817 units which was a 273.94% YoY development. There had been 1,823 units sold in the same month of last year. MoM sales went up by 22.70% from 5,556 units.

BGauss too recorded improved sales to 5,556 units last month. This was an 80.57% YoY and 10.61% MoM growth. Other electric two-wheeler manufacturers collectively contributed 17,382 units to total registrations. This category recorded 50.81% YoY growth and a 4.41% increase compared to Sept 2026.

With TVS Motor and Bajaj Auto strengthening their leadership, Ather and Hero maintaining healthy sales momentum, and emerging players such as River and BGauss reporting strong growth, India’s electric two-wheeler market continued to demonstrate considerable competitive momentum in October 2026. Ola Electric, however, remained under pressure amid declining registrations.