The Indian Electric two-wheeler segment continues to maintain its upward trajectory in July 2025, recording one of the strongest performances of the year.
The segment has showcased notable growth and significant shifts in market leadership, with legacy brands taking the lead.
According to Vahan Data, the electric two-wheeler segment recorded retail sales of 1,00,989 units in July 2025, showing a slight dip from June’s 1,05,282 units.
Despite this, the YoY performance remains strong, and competition continues to intensify.
The top three electric two-wheeler manufacturers—TVS Motors, Bajaj Auto and Ola Electric—battled closely for the top spot on the market leaderboard in July 2025.
The market experienced a dynamic shift in rankings and growth patterns, especially among the top five players who collectively held 84% of the market share this month.
TVS Motors continues to lead the Electric 2W market in July with a sales figure of 22,230 units, despite a month-on-month decline of 12.03% compared to 25,274 units in June.
Bajaj Auto holds the second spot with 19,650 units sold in July, down 14.60% from June’s 23,004 units.
Ola Electric follows closely in third position, selling 17,848 units in July—an 11.59% drop from 20,189 units in June.
Interestingly, the gap between Ola and Ather Energy is now just 1,617 units, suggesting a possible shuffle next month.
Ather Energy holds the fourth position with a strong performance of 16,231 units in July, recording a solid month-on-month growth of 11.86% over June’s 14,512 units.
Hero MotoCorp climbs up to the fifth position in July with 10,489 units sold, showing a robust MoM growth of 36.89% from 7,664 units in June.
This shift in market dynamics reflects evolving customer preferences for brands backed by reliability, stronger service networks, and aggressive pricing.
The top five electric two-wheeler manufacturers—TVS Motors, Ola Electric, Bajaj Auto, Ather Energy, and Hero Motocorp—accounted for 84% of the total electric two-wheelers sold in July 2025, underscoring their strong presence in this evolving market.
Such a massive combined market share highlights the steady growth of key players while representing continued challenges for newer entrants.
Now, let’s take a closer look at the Top 10 Original Equipment Manufacturers (OEMs) in the Electric Two-Wheeler Industry for July 2025.
| Manufacturer | June 2025 Sales | July 2025 Sales | MoM Growth (%) |
|---|---|---|---|
| TVS Motor Co | 25,274 | 22,230 | -12.03% |
| Bajaj Auto | 23,004 | 19,650 | -14.60% |
| Ola Electric | 20,189 | 17,848 | -11.59% |
| Ather Energy | 14,512 | 16,231 | 11.86% |
| Hero MotoCorp | 7,664 | 10,489 | 36.89% |
| Greaves Electric | 4,199 | 4,197 | -0.05% |
| Bgauss Auto | 1,952 | 1,593 | -18.40% |
| Pur Energy | 1,429 | 1,688 | 18.14% |
| River Mobility | 1,246 | 1,517 | 21.75% |
| Revolt Motors / Kinetic Green | 766 | 1,226 | 60.05% |
Data Source: Vahan Dashboard (Govt. Portal)
The brand sold 22,230 units in July compared to 25,274 units in June, reflecting a MoM decline of -12.03%.
TVS iQube remains one of the best-selling electric scooters in the country, helping the brand secure a market share of 21.60%.
The company’s widespread dealership network and reliability continue to make it a preferred choice among commuters.
Bajaj Auto secured the second position in July with 19,650 units sold, down from 23,004 in June—a MoM drop of -14.60%. However, its Bajaj Chetak continues to perform well in the market.
Known for its robust build quality and brand recall, Bajaj Auto is strengthening its EV product line to counter increasing competition.
Ola’s aggressive expansion strategy and direct-to-consumer model still provide it with a competitive edge, especially in tier-1 cities.
Ather Energy showed strong performance in July with 16,231 units sold, up from 14,512 in June, reflecting a positive MoM growth of 11.86%. It continues to gain ground on Ola Electric.
With growing popularity among young urban riders and improved battery tech, Ather is inching closer to the top three.
Hero MotoCorp rose to fifth position with 10,489 units sold in July, compared to 7,664 in June.
The brand recorded a notable MoM growth of 36.89%. With the recent launch of the Vida Vx2, August numbers are expected to be even stronger.
Hero’s deep market penetration and trust factor in the Indian market make it a strong contender for the top spots in the months ahead.
Greaves Electric maintained its 6th place with stable sales: 4,197 units in July compared to 4,199 in June, showing a negligible change (MoM -0.05%).
The company is focusing on affordable mobility solutions, making it a popular choice in tier-2 and tier-3 markets.
Bgauss dropped to 7th position with 1,593 units in July, down from 1,952 in June, indicating a significant MoM decline of -18.40%.
The brand is working on improving its product quality and service outreach to reclaim its earlier momentum.
Pur Energy moved up with a strong MoM growth of 18.14%, selling 1,688 units in July versus 1,429 in June.
The brand continues to expand in southern markets, leveraging its cost-effective models.
River Mobility climbed to 9th position with 1,517 units sold in July, up from 1,246 in June, reflecting MoM growth of 21.75%.
As a new entrant, River is steadily building brand trust through quality engineering and focused marketing.
Kinetic Green Energy entered the Top 10 in July with 1,226 units sold, marking a 60.05% MoM growth over June’s 766 units.
Last month, this 10th spot was held by Revolt Motors, which has since seen a dip in sales or data visibility. Kinetic Green’s rise this month indicates increased traction, possibly driven by improved distribution or renewed consumer interest.
July 2025 saw continued momentum in the electric two-wheeler segment, even though overall sales slightly declined compared to June. While TVS Motors retained leadership, Ather and Hero showed impressive MoM growth.
With Ola’s electric motorcycle on the horizon and Hero’s Vida Vx2 gaining attention, the coming months could see further disruption and reshuffling in market rankings.
As competition stiffens and legacy brands scale up, the EV landscape in India is headed toward an exciting transformation.
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