India electric two-wheeler registrations rise in October

India’s electric two-wheeler (E2W) registrations grew by 2.9% month-on-month in October, reaching 214,654 units. This marks the second consecutive month of growth and represents a 48.1% increase compared to the same period last year.

Market performance varied among major manufacturers. TVS Motor maintained its leadership position with a 27.2% market share, following a 7.4% increase in registrations. Hero MotoCorp saw the strongest growth among the top five players, with registrations jumping 17.5% to reach a 13.4% market share.

Conversely, several companies experienced declines. Bajaj Auto’s market share fell to 21.7% following a 4.3% drop in registrations. Ather Energy and Ola Electric also recorded month-on-month declines of 1.8% and 13.7%, respectively.