The first three weeks of April 2025 have seen an intense battle for supremacy underway in the electric two-wheeler industry, which wrapped up FY2025 on a high note with a record 1.14 million units. As per the latest retail sales stats available on the Vahan portal (April 22), a total of 58,559 e-2Ws have been retailed in the April 1-21 period. Ola Electric, which had taken an early lead in the month with 4,294 units, continues to hold onto No. 1 position. . . albeit by a slender margin.
Vahan data shows that Ola with 12,546 units currently has an 84-unit lead over TVS Motor Co (12,462 iQubes) and 841 units over Bajaj Auto (11,705 Chetaks). This gives Ola a current market share of 21%, similar to TVS, and a tad more than Bajaj Auto’s 20 percent. The three OEMs put together have a 62% share of the overall e-2W market in the first three weeks of April.
Vahan data shows that Ola with 12,546 units has an 84-unit lead over TVS Motor Co (12,462 iQubes) and 841 units over Bajaj Auto (11,705 Chetaks).
While fourth-ranked Ather Energy with 8,915 units has a market share of 15%, Hero MotoCorp has retailed 3,520 units, 933 units more than Greaves Electric Mobility’s 2,587 units.
The Pune-based Bgauss Auto, which is a regular in the Top 10 ranking, has clocked sales of 939 e-scooters to take No. 7 position. Meanwhile, Kinetic Green, which is seeing demand rise for its e-scooters and e-moped, has sold 887 units in April Weeks 1-2-3. Pur Energy (853 units) and River Mobility (553 units) wrap up the Top 10 table.
108,000 EVs SOLD IN FIRST 3 WEEKS OF APRIL 2025
As per the retail sales data on the Vahan portal, a total of 107,912 electric vehicles across the two-wheeler, three-wheeler, passenger vehicle and commercial vehicle segments have been sold in India.
The two-wheeler segment with 58,559 units, accounts for the bulk – 54% – of the sales, followed by three-wheelers: 41,368 units and a 38% share of EV sales.
The electric car, SUV and MPV segment has seen 7,457 zero-emission vehicles being delivered to buyers between April 1 and 21, which makes for a 7% share.
Commercial vehicles, with 521 units, have a 0.48% share of all-India EV sales in April Week 1.
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