India's EV Two-Wheeler Sales Cross 2 Lakh Units for the First Time in July 2026, TVS Motor Leads the Charge
India's electric two-wheeler market hit a new milestone in July 2026, crossing 2 lakh units for the first time. TVS Motor led the pack with record sales, while Ola Electric was the only major OEM to post a year-on-year decline.
India's electric two-wheeler market hit a new milestone in July 2026, with retail sales crossing 2 lakh units in a single month for the first time. According to Vahan portal data, 2,04,266 electric two-wheelers were sold during the month, surpassing the previous high of 1,99,411 units set in March 2026.
The seven-month tally for calendar year 2026 now stands at 11.7 lakh units, up 56% year-on-year. For FY27 (April to July), cumulative sales reached 7,29,573 units, a 73% jump over the same period last year.
July 2026 Electric Two-Wheeler Sales by OEM
TVS Motor Widens Its Lead
TVS Motor Company remained the top electric two-wheeler seller in July, with retail sales of 55,477 units, a 135% year-on-year increase and its highest-ever monthly figure, ahead of the previous best of 51,632 units set in March. TVS now holds a 27% market share, up from 22% a year earlier. Its cumulative FY27 sales of 1,86,034 units already make up 52% of its full FY26 total, putting the company on track to cross 5.5 lakh annual EV sales for the first time. The iQube continues to be TVS's top-selling model, with the Orbiter also gaining traction.
Separately, TVS Motor's own company-reported figures (dispatches to dealers, as opposed to retail registrations) put its July EV two-wheeler sales even higher, at 60,934 units, up 158% year-on-year and its highest-ever monthly EV dispatch. The table below shows TVS Motor's full company-reported sales performance across all vehicle categories.
TVS Motor Company July 2026 Sales (Company-Reported, All Segments)
Bajaj and Ather Post Strong Gains
Bajaj Auto sold 45,592 Chetak units in July, a 122% year-on-year increase, taking its market share to 22% from 19% a year ago. This was Bajaj's second-highest monthly figure after March's 47,751 units. Its cumulative FY27 sales of 1,63,236 units already account for 54% of its full FY26 total. Bajaj Auto Joint MD Rakesh Sharma noted that the recently launched Chetak 2501 now makes up about 12% of the Chetak portfolio.
Ather Energy delivered 30,323 units in July, up 70% year-on-year, holding its position as the third-largest electric two-wheeler maker in India. The company updated the battery chemistry across its 450 and Rizta ranges during the month, with the Rizta now offered in both LFP and NMC configurations. Ather is also set to launch its first EL platform-based scooter, expected to be priced between Rs 1 lakh and Rs 1.25 lakh, at its Community Day event on 29 August.
Vida Hits a New High, Ola Electric Slips
Vida, Hero MotoCorp's electric mobility brand, posted its best-ever monthly sales of 22,887 units in July, up 111% year-on-year, ahead of its earlier highs of 22,201 units in March and 21,893 units in June. The brand expanded its lineup during the month with the VX2 Plus 4.4kWh, priced at Rs 1.43 lakh, and the VX2 Go FB, a fixed-battery variant with a 3.1kWh pack priced at Rs 1.13 lakh.
Ola Electric was the only major player among the top ten to register a year-on-year decline, with sales falling 24% to 14,105 units from 18,449 units in July 2025. This also marked a 13% drop from June, following three consecutive months of sequential growth. Ola's market share has fallen sharply to 7% from 17% a year earlier, when it ranked third in the category.
The Rest of the Field
Greaves Electric Mobility, which sells under the Ampere brand, delivered 10,125 units, up 137% year-on-year. River Mobility recorded its highest-ever monthly sales with 5,951 units of the Indie, up 254% year-on-year, shortly after rolling out its 50,000th unit from its Hoskote plant. Bgauss Auto sold 5,518 units, up 213%, while Simple Energy sold 1,648 units, with its upcoming Simple Arrive family scooter due to launch on 2 September. Lectrix Vehicles rounded out the top ten with 1,397 units.
Together, the top ten OEMs accounted for 94% of all electric two-wheeler sales in July, with the remaining 6% spread across roughly 180 other manufacturers.
What's Driving the Growth
The July surge comes just before the PM E-Drive scheme's central subsidy on electric two-wheelers officially ended after 31 July 2026, which may have pulled forward some demand. With the subsidy now withdrawn, the coming months will be a real test of whether India's electric two-wheeler market can sustain this pace on its own.
Muskaan Kapoor
