Overview
- India recorded about 136,000 electric two-wheeler registrations in October, up roughly 30% month on month from about 105,000 in September, according to VAHAN data.
- Bajaj led with 29,567 units for a 21.9% share, TVS followed with 28,008 (20.7%), Ather hit a record 26,713 (19.6%), Ola logged 15,481 (11.6%), and Hero’s Vida posted 15,064 (11%).
- Bajaj’s return to the top reflected a roughly 50% month-on-month surge after earlier rare-earth magnet shortages constrained production.
- Ather’s gains, which widened its lead over Ola by 11,232 units, have been supported by rapid retail expansion to 446 stores by end-June, as noted by analysts.
- Ola grew registrations 15% to 15,481 and announced a home battery system, ARAI approval for its 4680 Bharat Cell and a fundraising plan, while also facing a Bengaluru Police FIR and a CCPA investigation report.