India's electric two-wheeler registrations hit record 2.24 lakh units in October
Moody's reports electric two-wheeler registrations in India reached an all-time monthly high in October, while their share of total sales fell.
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what happened
Electric two-wheeler registrations in India rose to a record 223,886 units in October, according to Moody's, citing Vahan data. That is 1.9% above the previous peak set in October 2024 and 8.4% higher than a year earlier. Festive-season demand drove the jump, while competition among manufacturers has intensified.
TVS Motor has held the lead for a tenth straight month, and its gap over Bajaj Auto has more than doubled. Hero MotoCorp narrowed the distance to Ather Energy in the fight for third place, while Ola Electric has lost ground for a fourth consecutive month. Electric share of two-wheeler retail, however, fell to 9.65% from 11.58% in September as conventional motorcycles and scooters grew faster.
why it matters
For investors, the key tension is between rising absolute electric sales and a shrinking market share. Analysts at WealthMills Securities link further expansion to more affordable models, stronger after-sales networks and reach beyond major cities.
instruments
sources
- Festive cheer lifts electric two-wheeler retail to all-time peak of 2.24 lakh — Moody's, 1 November 2026 at 13:12 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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