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E2W Registrations Rise 2.9% MoM To 2.15 Lakh In October, TVS & Hero Gain Market Share

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E2W Registrations Rise 2.9% MoM To 2.15 Lakh In October, TVS & Hero Gain Market Share

India’s electric two-wheeler (E2W) registrations rose 2.9% to 2,14,654 units in October from 2,08,688 units in September, with TVS Motor and Hero MotoCorp gaining market share.

According to Vahan data as of 16:00 IST today, registrations increased for the second consecutive month, although growth slowed from September’s rebound.

Inc42 had reported a 12.2% MoM increase to 2.07 Lakh registrations in September, based on data available on October 1. The latest figures put September registrations at 2,08,688 units, implying 13% growth over August’s revised tally of 1,84,671 units.

October registrations rose 48.1% YoY from 1,44,980 units a year earlier. The month also recorded the highest registrations in the October 2025-October 2026 period covered by the data.

E2W Registrations Rise 2.9% MoM To 2.15 Lakh In October, TVS & Hero Gain Market Share

However, performance varied across manufacturers. TVS and Hero MotoCorp recorded gains, while Bajaj Auto, Ather Energy, and Ola Electric saw registrations decline. 

TVS retained the top spot, with registrations rising 7.4% to 58,425 units from 54,399 units in September. Its market share increased to 27.2% from 26.1%.

Bajaj Auto remained second despite a 4.3% decline in registrations to 46,658 units from 48,740 units. Its market share fell to 21.7% from 23.4%.

Hero MotoCorp recorded the strongest growth among the top five manufacturers. 7%. This narrowed its registration gap with third-placed Ather Energy to 1,660 units from 6,507 units in September. 8%.



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