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EV 2-Wheeler Registrations Cross 1 Lakh Mark In March, Bajaj & TVS Motor Continue Dominance
- Electric two-wheeler registrations crossed the 1 Lakh mark in March, with key players like Bajaj Auto, TVS Motor, and Ola Electric driving growth.
- Registrations surged over 70% to 1.30 Lakh units in March from 76,572 units in February, as per Vahan data.
- Bajaj Auto and TVS Motor outpaced Ola Electric in escooter sales, with Bajaj leading with Chetak registrations increasing by nearly 62%.
- TVS Motor retained the second spot with escooter registrations at 30,454 units in March, up 61% from the previous month.
- Ola Electric's EV two-wheeler registrations surged 171% to 23,430 units in March, improving its market share to 18%.
- Despite stiff competition, Ola Electric maintained its leadership position in the electric two-wheeler segment in FY25 with a 30% market share.
- Total electric two-wheeler registrations in FY25 climbed over 21% to 11.49 Lakh units from the previous fiscal year, as per Vahan data.
- Top OEMs like Ather Energy, Hero MotoCorp, and Greaves also saw a rise in EV registrations in March.
- Competition in the two-wheeler EV market is intensifying, with players launching new models at competitive prices to gain market share.
- Overall EV registrations in India across categories rose nearly 44% to 2.11 Lakh units in March, with electric two-wheelers contributing significantly.
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