EV 2-W market showed strong momentum in may`26 with total registration rising to 164k up 58% YoY from 104k ( may`25) & up 18% MoM from 139k ( april`26) driven by better charging, more models, rising adoption, and fuel-supply concerns.
Company Wise Performance
TVS Motor retained the top spot with 41k registrations up 61% YoY from 25k units and a 25% market share.
Bajaj Auto held second spot with 38k registrations up 68% YoY from 23k units and a 23% market share ,up ^ 1% compared to may 25~ 22% .
Ather Energy posted the sharpest growth among major players with 27k registrations up 96% YoY from 14k units and a 17% market share ,up 4% ^ compared to may 25~ 13% .
Hero Moto reported strong performance with 18k registrations up 147% YoY from 7k units and a 11% market share ,up ^ 4% compared to may 25~ 7%.
Ola Electric saw pressure from competition and execution issues with 15k registrations down 22% YoY from 19k units and a 9% market share ,down ^ 9 % compared to may 25~ 18% .
