Quick Highlights
- Bajaj Auto sells 31,168 Chetak e-scooters, overtakes TVS Motor to regain the No. 1 spot after six months.
- Ather Energy records its best-ever month with 28,061 units sold, up 73% YoY.
- Ola Electric sales slump 62% YoY to 16,034 units, nearly matching Hero MotoCorp’s 15,934.
- October 2025 becomes the best-ever month for India’s e-2W industry with 143,713 units sold.
Bajaj Auto Reclaims the Top Spot as India’s E-2W Market Hits Record Highs
India’s electric two-wheeler (e-2W) market achieved an all-time high in October 2025 with 143,713 units sold, marking a 2% year-on-year growth and an impressive daily average of 4,635 units. The final two days of the month saw peak activity, with sales touching 7,737 units on October 31, underscoring strong festive season momentum.
This marks the third time the industry has crossed the 140,000 monthly sales mark, after March 2024 and October 2024. The robust performance comes despite the introduction of GST 2.0, which reduced internal combustion (IC) vehicle prices and narrowed the price gap with EVs — a sign of the segment’s growing resilience.
Bajaj Auto Leads with 31,168 Chetak Sales
Bajaj Auto made a triumphant return to the top of the leaderboard, selling 31,168 Chetak electric scooters and overtaking TVS Motor by 1,684 units. The company’s October sales represent a 10% year-on-year increase, giving it a 22% market share.
This is Bajaj’s second-best performance ever, following its March 2025 peak of 35,215 units. The brand’s consistent sales momentum, especially during the festive period, helped it recover from mid-year production constraints that briefly pushed it down to fifth place in July.
TVS Motor Slips to Second Place
TVS Motor Co., which held the No. 1 rank for six consecutive months, recorded 29,484 iQube sales, a 3% YoY decline. The company cited supply chain challenges related to rare earth magnet shortages as a key reason for slower deliveries.
However, TVS is already strategizing for a comeback with the recent launch of its Orbiter e-scooter at ₹99,900, featuring a 3.1 kWh battery and a range of 158 km per charge. With production recovery on track, TVS is expected to regain momentum in the coming months.
Ather Energy Hits Record Sales, Grabs 20% Market Share
Ather Energy continues to be one of the biggest growth stories in India’s EV sector. The Bengaluru-based OEM sold 28,061 units, up 73% YoY, achieving its best-ever monthly sales and capturing nearly 20% market share.
The star performer in Ather’s lineup is the Rizta family scooter, which offers a 159 km IDC range, ample storage, and practical design features. The company’s Battery-as-a-Service (BaaS) and Assured Buyback programs have further strengthened its consumer appeal, making EV ownership more affordable and secure.
Ola Electric Sales Fall Sharply, Hero MotoCorp Shines
Once the market leader, Ola Electric slipped to fourth place with 16,034 units sold, marking a 62% YoY decline from October 2024. The company’s sales were barely above Hero MotoCorp, which recorded a personal best of 15,934 units, up 117% YoY.
Hero’s strong showing was driven by the Vida VX2, helping the company secure an 11% market share. The two-wheeler giant is on track to cross 100,000 EV sales for the first time in calendar year 2025.
Greaves, Bgauss, and Emerging Startups Add to Momentum
Greaves Electric Mobility (GEM), with its Ampere brand, sold 7,629 units, achieving 91% YoY growth — its best-ever monthly performance. Meanwhile, Bgauss Auto (2,932 units), Pur Energy (1,706 units), River Mobility (1,601 units), and Revolt Motors (1,345 units) rounded out the Top 10, highlighting the growing competitiveness of smaller players in the market.
| Rank | OEM | Oct '25 | Oct '24 | YoY % Change |
| 1 | Bajaj Auto | 31,168 | 28,442 | 10% |
| 2 | TVS Motor Co. | 29,484 | 30,240 | -3% |
| 3 | Ather Energy | 28,061 | 16,248 | 73% |
| 4 | Ola Electric | 16,034 | 41,843 | -62% |
| 5 | Hero MotoCorp | 15,934 | 7,355 | 117% |
Industry Outlook: 1.25 Million E-2Ws Expected in CY2025
From January to October 2025, India’s e-2W industry has sold 1.06 million units, already reaching 92% of 2024’s total (1.14 million units). With festive demand continuing into November and December, total CY2025 sales are projected to reach around 1.25 million units.
The record-breaking October reinforces one clear message: India’s electric two-wheeler industry is entering a new phase of maturity, led by a healthy mix of legacy manufacturers and new-age innovators.
