TVS Retains Prime Spot as Bajaj and Ola Acquire Floor in India’s EV Market
India’s electrical two-wheeler sector continues to thrive, with Might 2025 showcasing robust gross sales progress powered by client curiosity, favorable authorities initiatives, and increasing infrastructure. The gross sales knowledge signifies fierce competitors between conventional automotive firms and devoted electrical car (EV) startups, shaping the trade’s path for the rest of the yr.
Total Market Efficiency
In Might 2025, over 100,000 electrical two-wheelers have been bought, reflecting a rising acceptance of electrical mobility amongst shoppers. Rising gasoline prices and growing environmental issues are pushing extra folks towards EV adoption. Producers are responding with developments in expertise, aggressive pricing, and enhanced after-sales service.
The market competitors has change into significantly intense amongst main gamers: TVS Motor Firm, Bajaj Auto, and Ola Electrical.
Prime 10 Electrical Two-Wheeler Producers – Might 2025
| Rank | Producer | Might Gross sales | Market Share | CY 2025 Gross sales |
|---|---|---|---|---|
| 1 | TVS Motor Firm Ltd | 24,562 | 24.49% | 118,234 |
| 2 | Bajaj Auto Ltd | 21,770 | 21.71% | 119,153 |
| 3 | Ola Electrical Applied sciences Pvt Ltd | 18,499 | 18.44% | 94,927 |
| 4 | Ather Power Ltd | 12,841 | 12.80% | 66,866 |
| 5 | Hero MotoCorp Ltd | 7,165 | 7.14% | 25,675 |
| 6 | Greaves Electrical Mobility Pvt Ltd | 4,177 | 4.16% | 21,144 |
| 7 | PUR Power Pvt Ltd | 1,270 | 1.26% | 7,741 |
| 8 | E-Sprinto Inexperienced Power Pvt Ltd | 1,149 | 1.14% | 2,160 |
| 9 | Kinetic Inexperienced Power & Energy Options Ltd | 1,128 | 1.12% | 4,850 |
| 10 | Bgauss Auto Personal Restricted | 1,066 | 1.06% | 7,640 |
Model Efficiency Overview
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TVS Motor Firm Ltd: Main the market with 24,562 items bought, TVS holds a 24.49% market share and has achieved 118,234 gross sales year-to-date, because of its deal with technological development and buyer satisfaction.
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Bajaj Auto Ltd: Shut behind, Bajaj bought 21,770 items this month and leads in cumulative gross sales with 119,153 items. The Chetak EV has carried out strongly in city markets, supported by expanded dealership networks.
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Ola Electrical Applied sciences: Ola bought 18,499 items in Might, capturing an 18.44% market share. The corporate is overcoming earlier manufacturing points and is seeing progress by new launches and an increasing service community.
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Ather Power Ltd: Ather has established itself within the premium electrical scooter market with 12,841 items bought, accounting for 12.80% of the market. The corporate’s plans for enlargement into smaller cities are anticipated to additional enhance gross sales.
- Hero MotoCorp: A latecomer available in the market, Hero bought 7,165 items in Might, holding a 7.14% share. Their technique is evolving with new collaborations and merchandise below the VIDA model.
Rising Gamers to Preserve an Eye On
Whereas the highest producers are making headlines, smaller enterprises like Greaves Electrical Mobility, PUR Power, E-Sprinto, and Kinetic Inexperienced are step by step establishing themselves available in the market. Greaves has bought 4,177 items, specializing in price range and supply segments, whereas the others are increasing their attain in rural and semi-urban areas.
Trade Traits and Future Outlook
Key Drivers:
- Authorities Incentives: Schemes like FAME II and diminished GST proceed to assist consumers and producers.
- Rising Gasoline Costs: EVs have gotten extra enticing resulting from price financial savings.
- Shopper Consciousness: Improved understanding of EVs helps to speed up adoption.
- Charging Infrastructure: An increasing community of quick chargers is assuaging issues associated to operational limitations.
Challenges:
- Volatility in battery prices and uncooked materials provide chains is a priority.
- Some producers face hurdles in after-sales service and product reliability.
- Rural acceptance stays a problem resulting from restricted charging infrastructure and consciousness.
What Lies Forward?
With the yr nonetheless unfolding, the competitors amongst TVS, Bajaj, and Ola is intensifying, whereas newcomers are steadily making their presence felt. By the top of 2025, India might even see electrical two-wheeler gross sales attain unprecedented heights, doubtlessly surpassing 1.5 million items, thereby reshaping the way forward for private mobility within the nation.
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