Companies such as Ola Electric, TVS Motors, and Bajaj Auto, which have been major players in the industry for years, continue to dominate the electric scooter market.
These brands have built a strong reputation for affordability and innovation, consistently delivering high-quality products to meet the growing demand for electric vehicles.
In this article, we will explore the top 10 electric scooter companies in India for 2024, each of which has firmly established its presence in the market and continues to innovate in the EV space.
By the 1930s, the company diversified into two-wheeler manufacturing, initially collaborating with international brands to cater to the rising demand for personal mobility. Over the decades, TVS established itself as a major player in the Indian market, with iconic models like the TVS 50 moped in the 1980s cementing its status.
In 2020, TVS Motor took a significant leap into the electric vehicle space by launching its first electric scooter, the iQube, on January 25.
This marked TVS’s entry into the growing electric two-wheeler market, addressing the increasing consumer demand for eco-friendly transportation.
The iQube represented TVS’s commitment to sustainable mobility and its vision for the future of transportation.
The current portfolio of TVS iQube Electric is as follows:
In September 2024, TVS Motor Co sold 17,865 units of its iQube electric scooter, securing a 20.26% market share.
Despite being the longstanding No. 2 electric two-wheeler OEM after Ola Electric, TVS lost its position this month to Bajaj Auto.
TVS Motor is gearing up to expand the sales of its electric vehicles across global markets, with a particular focus on Southeast Asia. The Indian two-wheeler giant plans to utilize its manufacturing facility in Indonesia to produce electric scooters for the Southeast Asian markets.
Currently, TVS offers the iQube and X electric scooters in India, while the iQube electric scooter is also available in international markets and is produced at the Indonesia plant—TVS’s only facility outside India. By leveraging this facility, TVS aims to increase its presence and capture a significant share of the EV market in the ASEAN region.
This article is the latest updatd by 5 Sep 2025. If you are planning to buy an electric car in…
The Government of India has announced a major restructuring of the Goods and Services Tax (GST), effective 22nd September 2025.…
Kinetic Engineering Ltd., a pioneer in India’s automotive manufacturing sector, has taken a bold leap into the future of automation…
India’s EV market hit 1,03,802 electric two-wheeler sales in August 2025. TVS, Ola, and Ather led the chart, while Hero…
At Semicon India 2025, a defining moment unfolded when Prime Minister Narendra Modi was presented with the Vikram-32 processor—India’s first…
India’s electric four-wheeler (E4W) market accelerated further in August 2025, crossing 17,000 monthly sales for the first time this year…
This website uses cookies.