According to Vahan registration data, the top 10 electric two-wheeler manufacturers collectively registered over 1.61 lakh units in May 2026, compared to around 96,000 units during the same month last year. TVS Motor Company retained its leadership position, while Bajaj Auto and Ather Energy completed the top three rankings.
TVS Leads, Bajaj Narrows the Gap
TVS Motor Company remained the country's largest electric two-wheeler manufacturer in May 2026 with registrations of 42,415 units, reflecting a 64 percent year-on-year increase from 25,804 units recorded in May 2025.
Also read: BYD Confirms PHEV Car for India With Super DM-i Tech
Bajaj Auto continued its aggressive growth momentum, registering 39,142 units during the month, up 73 percent from 22,643 units a year ago. The strong performance allowed the company to further reduce the gap with segment leader TVS.
Ather Energy secured the third position with registrations of 28,211 units, exactly doubling its May 2025 volume of 14,101 units to post 100 percent year-on-year growth.
Hero Vida Posts Strongest Growth Among Established Players
Hero MotoCorp's Vida electric scooter range emerged as one of the fastest-growing brands among established manufacturers. The company registered 19,051 units in May 2026, compared to 7,385 units in the corresponding period last year, translating into a substantial 158 percent growth.
In contrast, Ola Electric continued to face pressure, registering 15,141 units during the month, down 20 percent from 18,967 units recorded in May 2025. The decline saw the company slip further behind traditional OEM rivals that have steadily expanded their EV portfolios.
Emerging Players Record Triple-Digit Growth
Among emerging EV manufacturers, River Mobility delivered the highest growth rate in the top 10 rankings. The Bengaluru-based startup registered 3,717 units, representing a 245 percent increase over the 1,078 units sold in May 2025.
Simple Energy also reported impressive growth, with registrations rising 235 percent to 1,298 units, while BGauss Auto recorded 3,296 units, up 205 percent year-on-year.
Bounce Electric continued its recovery with registrations of 1,346 units, marking a 163 percent increase compared to May last year.
Greaves Electric Mobility, which operates the Ampere brand, registered 7,696 units in May 2026, reflecting a healthy 78 percent year-on-year growth.
Elctrik Speaks
The May 2026 performance highlights the continued expansion of India's electric two-wheeler market, driven by improving product offerings, wider distribution networks, and increasing consumer acceptance. While established OEMs such as TVS, Bajaj, Hero MotoCorp, and Ather continue to consolidate market share, emerging players like River Mobility and Simple Energy are demonstrating strong growth momentum. With several new product launches and capacity expansion plans lined up across the industry, electric two-wheeler adoption is expected to remain on an upward trajectory through the remainder of 2026.