The Indian electric two-wheeler (e-2W) industry crossed the 1.2 million units mark for the first time in H1 December 2025, with 47,205 e-scooters, e-motorcycles and e-mopeds delivered between December 1-15. Although slightly slower than previous months, this trend is due to new buyers postponing purchases until 2026.
With still 16 days left in the month, December could still become the highest month for E-2W sales, surpassing the 75,950 units delivered in December 2023. Cumulative sales from January 1 to December 15 stand at 12,29,356 units, up 7% year-on-year, pointing to a record 1.25 million units in CY2025.
TVS Motor Company remains at number 1 position
TVS Motor Company continued to lead the e-2W market with 13,297 units, retaining its top position after wresting it back from Bajaj Auto in November. TVS is the only manufacturer to cross 10,000 units in the first half of December, ahead of Bajaj Auto by 3,773 units.
While the iQube remains the company’s mainstay, TVS has started a phased rollout of the Orbiter e-scooter. Priced at ₹99,900 ex-showroom Bengaluru (including PM e-Drive subsidy), the Orbiter has a 3.1 kWh battery pack, a top speed of 68 km/h and an IDC range of 158 km, making it suitable for urban commuting. The rollout has started in Karnataka and is expanding to Maharashtra.
Bajaj Auto and Ather Energy
Bajaj Auto delivered 9,524 Chetak e-scooters during the period. The Pune-based OEM, which also sells Yulu e-scooter, is preparing to launch a new model as early as CY2026, which may have caused some buyers to postpone the purchase. Bajaj Auto now operates 390 exclusive Chetak stores and 4,000 sales centers across 800 cities.
Ather Energy retained its No. 3 position by selling 8,376 e-scooters, trailing Bajaj by 1,148 units. Strong demand for the Ritz family – which recently crossed 200,000 cumulative units – and the higher-range variants of the 450S and 450X have led to increased sales. The Battery-as-a-Service (BaaS) option reduced the upfront price of the Rizta S to ₹76,000, improving affordability and market penetration.
Hero MotoCorp and Ola Electric
Hero MotoCorp, now ranked fourth, delivered 5,418 units and sold over 10,000 e-2W per month for six consecutive months, driven by demand for the Vida VX2 model.
At number five, Ola Electric delivered 3,079 units. The company has begun deliveries of vehicles equipped with its indigenously manufactured 4680 Bharat Cell battery pack, making the S1 Pro+ the first Indian scooter with domestically produced cells, giving Ola complete control over cell and battery pack production.
Emerging OEM
Greaves Electric Mobility (GEM/Ampere) retained the No. 6 spot with 1,939 units driven by models like Nexus, Magnus Neo and Grand, crossing 250,000 cumulative sales.
Other emerging OEMs in the top 10 include:
Bagos Auto – 7th with 894 units (RUV 350, Max C12) River EV (formerly River Mobility) – 8th with 857 units (River Indy) Quantum Energy – 9th with 375 units (Business XS with Indofast Energy) Revolt Motors – 10th with 298 units (electric motorcycle)