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India's electric two-wheeler market recorded strong growth in October 2026. According to the latest Federation of Automobile Dealers Associations (FADA) report, total retail sales reached 2,24,064 units. This figure shows 8.08% month-on-month (MoM) growth compared to 2,07,314 units in September 2026. Moreover, sales increased by 48.49% year-on-year (YoY) compared to 1,50,890 units in October 2025.
| Two-Wheeler OEM | Oct'26 | Sep'26 | Oct'25 | MoM% | YoY% |
| TVS MOTOR COMPANY LTD | 60,490 | 54,037 | 31,075 | 11.94% | 94.66% |
| BAJAJ AUTO LTD | 49,126 | 48,429 | 32,462 | 1.44% | 51.33% |
| ATHER ENERGY LTD | 31,833 | 30,533 | 30,246 | 4.26% | 5.25% |
| HERO MOTOCORP LTD | 29,923 | 24,321 | 16,499 | 23.03% | 81.36% |
| OLA ELECTRIC TECHNOLOGIES PVT LTD | 12,098 | 13,451 | 16,439 | -10.06% | -26.41% |
| GREAVES ELECTRIC MOBILITY LTD | 10,839 | 9,316 | 7,743 | 16.35% | 39.98% |
| RIVER MOBILITY PVT LTD | 6,817 | 5,556 | 1,823 | 22.70% | 273.94% |
| BGAUSS AUTO PRIVATE LIMITED | 5,556 | 5,023 | 3,077 | 10.61% | 80.57% |
| Others | 17,382 | 16,648 | 11,526 | 4.41% | 50.81% |
| Total | 2,24,064 | 2,07,314 | 1,50,890 | 8.08% | 48.49% |
TVS Motor Company secured the first position in October 2026 with sales of 60,490 units. The company sold 54,037 units in September 2026 and 31,075 units in October 2025. As a result, TVS recorded 11.94% MoM growth and 94.66% YoY growth.
Bajaj Auto secured the second position with 49,126 units in October 2026. Its sales stood at 48,429 units in September 2026 and 32,462 units in October 2025. The company recorded 1.44% MoM growth and 51.33% YoY growth.
Ather Energy recorded 31,833 units in October 2026, compared to 30,533 units in September 2026. In October 2025, the company sold 30,246 units. Therefore, Ather achieved 4.26% MoM growth and 5.25% YoY growth.
Hero MotoCorp reported sales of 29,923 units in October 2026. The company sold 24,321 units in September 2026 and 16,499 units in October 2025. Its sales increased by 23.03% MoM and 81.36% YoY, showing strong growth during the period.
However, Ola Electric recorded a decline in October 2026. The company sold 12,098 units, compared to 13,451 units in September 2026 and 16,439 units in October 2025. Consequently, its sales dropped by 10.06% MoM and 26.41% YoY.
Greaves Electric Mobility recorded 10,839 units in October 2026. Its sales stood at 9,316 units in September 2026 and 7,743 units in October 2025. The company achieved 16.35% MoM growth and 39.98% YoY growth.
River Mobility sold 6,817 units in October 2026, compared to 5,556 units in September 2026. In October 2025, its sales stood at 1,823 units. The company recorded 22.70% MoM growth and an impressive 273.94% YoY increase.
BGauss Auto recorded 5,556 units in October 2026. The company sold 5,023 units in September 2026 and 3,077 units in October 2025. Its sales increased by 10.61% MoM and 80.57% YoY.
Apart from these companies, other electric two-wheeler manufacturers together recorded 17,382 units in October 2026. Their combined sales stood at 16,648 units in September 2026 and 11,526 units in October 2025. This category recorded 4.41% MoM growth and 50.81% YoY growth.
Furthermore, electric two-wheelers recorded a 9.7% market share in October 2026. However, this figure stood at 11.6% in September 2026. On a positive note, the market share was higher than the 4.7% recorded in October 2025.
Overall, India's electric two-wheeler market showed strong yearly growth, with TVS Motor leading the sales chart. River Mobility also recorded the highest YoY growth among the listed companies.
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